Ifo Institute: Almost half of family businesses are facing generational change
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In many family business In Germany, a company or share transfer is pending in the next three years: in a survey by the Ifo Institute, 43 percent of the companies surveyed stated this. In larger companies with more than 250 employees, 50 percent are planning a generation change in the next three years.
Another ifo survey of companies from the database shows that 42 percent have not yet found a successor Family for the management. “The owners are getting older and older and fewer and fewer family businesses are able to find a succession within the family, recently only 34 percent,” said the ifo Institute.
Since 2017, it has been collecting central data in surveys on economic policy topics for the Family Business Foundation. Every year, 1,500 to 2,000 entrepreneurs from family businesses and non-family businesses of various sizes from a wide range of industries take part. According to ifo, the database includes more than 12,000 companies, half of which are family businesses.
This article will continue to be updated.
In many family business In Germany, a company or share transfer is pending in the next three years: in a survey by the Ifo Institute, 43 percent of the companies surveyed stated this. In larger companies with more than 250 employees, 50 percent are planning a generation change in the next three years.
Another ifo survey of companies from the database shows that 42 percent have not yet found a successor Family for the management. “The owners are getting older and older and fewer and fewer family businesses are able to find a succession within the family, recently only 34 percent,” said the ifo Institute.
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