After seeing the state of family businesses in the MENA region, today we focus on Germany!
The recent study Impact of COVID-19 on family business performance: evidence from listed companies in Germany from Deutsche Bank’s International Private Bank (IPB) reports that many German family-owned businesses succeed better in complex crises like the Covid pandemic. The three reasons identified by the author of the study, Dr Markus Eckey and Mr Sebastian Memmel, are emotional anchoring, short-decision making channels, and financial stability.
Read the full article by Deutsche Bank HERE.
The full study is available on Emerald Insights.