Question: What is the location of India in the list of countries of family-owned businesses published in ‘CS Family 1000’ report released by ‘Credit Suisse Research Institute’?
(a) First
(b) Second
(c) Third
(d) Fourth
Answer- (c)
Related Facts:
- In September, 2017, ‘CS Family 1000’ report was published by Switzerland’s multi-national financial services group ‘Credit Suisse Research Institute’.
- With 167 businesses China topped in the list of countries of family-owned businesses.
- With 121 businesses US is at second and India with 108 businesses is at third.
- Based on average market capitalization of family-owned companies Spain is ranked first.
- The Spain in this list is followed by Netherlands (second), Japan (third) and Switzerland (fourth).
- India is ranked 22nd in this list and except Japan India is at 5th rank in Asia-Pacific regions.
- Based on the performance of the business, the performance of family-owned businesses is considered to be the best in this report.
- Country-owned businesses of China, India and Indonesia had a revenue-ratio of 15-16 times (P / E) in 12 months at country level, while Korea, Hong Kong and Singapore were 10-13 times higher.
- Report also stated that India lags slightly behind China not just on the adoption of environmentally related issues, but also on socially related issues, with 35% of companies implementing policies in relation to this compared to 65% for China.
Reference:
https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/the-irresistible-charm-of-the-family-factor-201709.html
http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=CBBB2E1E-F5C1-9533-16B1400CE8079D2C
https://www.cnbc.com/2017/09/28/credit-suisse-how-family-owned-companies-outperform-in-every-sector.html
https://navbharattimes.indiatimes.com/business/business-news/india-has-3rd-highest-number-of-family-owned-businesses-cs-family-1000-report/articleshow/61245059.cms