The study points to an unusually high level of affinity for involvement in family business among Irish participants compared to the global picture.
This is understood to be most likely as a result of improved labour markets presenting would-be successors with more choice in the world today. 40% said they had 'strong intentions' of becoming a successor, with men twice as likely as their female counterparts to express those sentiments. While only around 15% of participants said they held financial ownership in their family business, 39% of next generation members reported a high degree of 'psychological ownership' of the business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: