Description
Read the given PowerPoint and elaborate the benefits and governance challenges of family-own entities in 1 page (250- 300 words) encourage to use bullet points. If use outside sources make sure to paraphrase and cite them correctly, plz do not rely on too much outside reference but base on the PowerPoint!!
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Explanation & Answer
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BENEFITS AND CHALLENGES OF FAMILY-OWNED BUSINESSES
Benefits and Challenges of Family-Owned Businesses
Student’s Name
Institution
1
BENEFITS AND CHALLENGES OF FAMILY-OWNED BUSINESSES
2
Benefits and Challenges of Family-Owned Businesses
Benefits
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Family businesses offer private enforcement of property rights, which can substitute for
weak public enforcement due to weak laws and enforcement, corruption, and government
interventions. In par...