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Family Business Research Group (FBRG)

About

Family businesses are the most prevalent form of business organizations around the world consisting of 90% of the world’s companies (Economist, 2015). According to Australian Small Business Commissioner (ASBC), the family business sector accounts for 70% of all businesses in Australia. Family businesses are defined as companies where majority of votes (at least 25%) are held by the family and at least one representative of the family is involved in the management or administration of the firm. Although majority of the family business firms are small and medium enterprises (SMEs) and privately owned, large family firms consist one-third of all companies in the S&P 500 index and 40 percent of the 250 largest companies in France and Germany.

This research group will address the issues and implications related to family business firms. In particular, it seeks to address the following research questions:

  1. What are the special contributions of families to their businesses ( i.e. family assets) to thrive in a competitive environment?
  2. What are the obstacles unique to family businesses and how do they overcome them?
  3. What are the lessons family firms can learn from non-family firms and vice versa?

Members

University of Sydney Members

A/Prof. Ranjit Voola, Discipline of Marketing
A/Prof. Vikas Kumar, Discipline of International Business
Dr. Steven Lu, Discipline of Marketing
Dr. Gracy Yang, Discipline of International Business

International Affiliate Members

Prof. Sougata Ray, Indian Institute of Management Calcutta, Kolkata
Prof. Choe Soon Kyoo, Yonsei Business School, South Korea
Prof. B Elango, Illinois State University, Normal, Illinois, USA
Prof. Ajai Gaur, Rutgers Business School, Newark & New Brunswick, USA
Prof. Deeksha Singh, Rutgers School of Business, Camden, USA

Contacts

Dr. Chinmay Pattnaik
Rm 4133
H70 - Abercrombie Building
The University of Sydney
NSW 2006 Australia
Phone: +61 2 9036-7170
Fax: +61 2 9036 5378
Chinmay.pattnaik@sydney.edu.au