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Family Business in Thailand: Its Management, Governance, and Future Challenges
Akira Suehiro and Natenapha Wailerdsak
ASEAN Economic Bulletin
Vol. 21, No. 1, Thailand: Economic Challenges and the Road Ahead (April 2004), pp. 81-93
Published by: ISEAS - Yusof Ishak Institute
Stable URL: http://www.jstor.org/stable/25773803
Page Count: 13
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This article examines family businesses in post-crisis Thailand. The analysis focuses on their corporate management and governance restructuring. The findings indicate that family business still strongly persists and can be categorized into four groups, namely, closed family businesses, specialized family businesses, authoritarian family conglomerates, and modern family conglomerates. Given the falling trade barriers and the increasing globalization, the local family firms will face a challenge in capital market and the pressure of ICT development.
ASEAN Economic Bulletin © 2004 ISEAS - Yusof Ishak Institute