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How The World’S Largest Family Businesses Evolved In The Period 2013-2017

Author

Listed:
  • Sorin-George I. TOMA

    (Faculty of Business and Administration, University of Bucharest, Bucharest, Romania)

  • Catalin V. GRADINARU

    (Faculty of Business and Administration, University of Bucharest, Bucharest, Romania)

  • Stefan CATANA

    (Faculty of Business and Administration, University of Bucharest, Bucharest, Romania)

Abstract

Family businesses are the cornerstone of the majority of the economies worldwide. They constitute one of the oldest historical forms of business organization and account for a significant percentage of all businesses around the world. The aim of the paper is to analyse the evolution of the world’s largest family businesses by their total revenues in the period 2013-2017. The research was based on a quantitative method. The paper demonstrates that the world’s largest family businesses obtained impressive revenues in the period 2013-2017. They represent huge multinational and transnational corporations with a global presence. Also, the paper illustrates the clear domination of the largest American and European family businesses at the global level.

Suggested Citation

  • Sorin-George I. TOMA & Catalin V. GRADINARU & Stefan CATANA, 2020. "How The World’S Largest Family Businesses Evolved In The Period 2013-2017," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 24, pages 263-269, December.
    • Handle: RePEc:cmj:seapas:y:2020:i:24:p:263-269
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    References listed on IDEAS

    as
    1. Sorin-George I. TOMA, 2019. "The Evolution Of The Ten Largest Corporations Of The World In The Period 2017-2018," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 21, pages 213-219, December.
    2. Catalin Gradinaru & Sorin-George Toma, 2018. "The Largest Corporations In The World In The Period 2016-2017," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 68-73, December.
    3. Jess H. Chua & James J. Chrisman & Pramodita Sharma, 1999. "Defining the Family Business by Behavior," Entrepreneurship Theory and Practice, , vol. 23(4), pages 19-39, July.
    4. Sorin-George Toma & Paul Marinescu & Ionut Constantin, 2016. "How the Ten Largest Corporations of the World Evolved in the Period 2014-2015," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 61-66, February.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Sorin-George Toma & Stefan-Alexandru Catana & Catalin Gradinaru, 2022. "Competitive Business Strategies In Global Retailing: The Case Of Wal-Mart," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 106-112, February.

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    More about this item

    Keywords

    Family businesses; Revenues; Wal-Mart; United States of America; Europe;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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