Family-Controlled Firms Show Higher Profitability

SEOUL, March 31 (Korea Bizwire) – Family-run companies were found to generate higher profitability compared to rivals, a report said on Thursday, claiming that involvement by “owner” families leads to good business results. According to the report compiled by the Korea Economic Research Institute (KERI), 4,683 family-controlled firms here posted a return on asset (ROA) ratio [...]