When it comes to growth, 93 percent of U.S. family businesses are confident as opposed to 81 percent of their global counterparts, according to PwC's latest Global Family Business Survey.
Market conditions remain the primary near-term concern, 68 percent of respondents say, but this is a decrease from 88 percent just two years ago, which could signal that respondents have adapted to today's market volatility and economic uncertainty.
The survey also finds that 76 percent of respondents plan to pass on their companies to the next generation, marking the highest number since 2007 and a major increase from 55 percent two years ago. Fifty-two percent of respondents plan to pass ownership as well as management to family members while 24 percent of respondents anticipate transferring ownership but bringing in outside management.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.