Affiliation:
1. Gunadarma University, Indonesia
2. Peradeniya University, Sri Lanka
Abstract
A family business is a venture which is possessed and controlled by family members. Many family businesses were started from small scales and grow to become multinational companies, such as Walmart, Berkshire Hathaway, Ford Motor Company, etc. Family businesses have been proven play important roles in driving the global economy. This kind of business creates an average of 60% of jobs and contributes to global gross domestic product an average of 67%. During this economic crisis that is happening globally, family businesses have proven their resilience to the crisis.
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