Author Affiliation, Ana.
Jamaican Family-Owned Businesses: Homogeneous or Non-Homogeneous?
Social and Economic Studies
Date of Publication
Family-owned businesses (FOBs) are everywhere and have proven to be an important form of business in many countries. There is the tendency to treat this group of businesses as homogeneous across countries and regions; when this is not necessarily the case. This means that countries such as Jamaica which do not have their own profile of FOBs will seek to formulate policies for this group of businesses based on the profile of other FOBs in other jurisdictions. It is therefore important for each country or region to have an understanding of its own set of family businesses, since such an understanding will inform the policies that are adopted for these businesses in a particular country or region. This paper reports the relevant results from a 2005 survey of Jamaican family-owned businesses. In particular, the paper examines the scope and characteristics of these businesses and the main issues facing them, against what has been reported in the family business literature; using these areas to measure the degree of homogeneity among FOBs. The implications of the results are discussed with the objective of informing policies that should govern Jamaican family-owned businesses.....