Presentation of the results of the IX edition of the AUB Observatory

The openness of family businesses towards non-family members is starting to affect even the smallest businesses, and this process is linked to positive aspects such as dimensional growth and the ability to export. Even the old saying that "the first generation builds, the second consolidates and the third destroys" can be mitigated by the presence of non-family members.

This is the ninth edition of the AUB Observatory on Italian family businesses, edited by Guido Corbetta, Fabio Quarato and Alessandro Minichilli of the AIdAF-EY Chair of the Bocconi University, which has been presented on December 6th, 2017.

The AUB Observatory on Italian Family Businesses - promoted by AIdAF (Italian Association of Family Businesses), UniCredit, "AIdAF-EY Chair in Strategic Management of Family Business" of Bocconi University and Angelini Foundation, with the collaboration of Borsa Italiana and Milan, MonzaBrianza and Lodi Chamber of Commerce - represents the most comprehensive and extensive analysis available in Italy on the ownership, governance and leadership of Italian companies: it monitors all 15,495 Italian companies with a turnover higher than 20 million euro and focuses in more detail on the 10,068 family-owned companies, which have a total turnover of over 800 billion euro and employ about 2.3 million employees. 

The ninth edition of the Observatory updates and extends to 300 the number of "Benchmark" family companies that have shown financial performance higher than the median of its sector in terms of growth, profitability and indebtedness from 2009 to 2016.

Report AUB IX final edition