According to a report by the Stock Exchange of Thailand (SET), 57 percent of the 791 listed companies on the SET and Market for Alternative Investment (mai) are identified as family businesses.
Key Takeaways
- Family businesses play a significant role in the Thai economy, accounting for 57 percent of listed companies and contributing 39.3 percent of the country’s GDP in 2022.
- Listed family businesses have shown growth and resilience, with their market capitalization growing by 6.7 percent annually between 2016-2022, and their combined net profits accounting for 46.1 percent of all listed companies.
- Going public not only provides family businesses with access to capital for growth but also helps attract talent and establish solid management mechanisms for long-term sustainability while preserving the family legacy.
These family businesses have been in existence for an average of 34 years,…
