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Entrepreneurship and family businesses in Thailand

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  • Weerachart T. Kilenthong
  • Kittipong Rueanthip

Abstract

This paper investigates the impact of exposure to a family business and participating in a family business on an individual's decision to start a business and the likelihood of its survival. We find that having a family member doing business increases the probability of starting a business but not its survival. In contrast, working in a family†owned business for a high number of hours increases both the likelihood of entrepreneurship and survival. The impact of working hours in a family†owned business remains significant even if the sample includes only individuals who are the spouses of business owners. Given the evidence, an apprenticeship scheme should be considered as a policy instrument for promoting entrepreneurial success.

Suggested Citation

  • Weerachart T. Kilenthong & Kittipong Rueanthip, 2018. "Entrepreneurship and family businesses in Thailand," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 77-93, May.
    • Handle: RePEc:bla:apacel:v:32:y:2018:i:1:p:77-93
    DOI: 10.1111/apel.12215
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