Who intends to join the family business

HOW MANY NEXT GENS FROM VARIOUS COUNTRIES INTEND TO GO STRAIGHT INTO THE FAMILY BUSINESS 17% Greece 16% Russia 13% Argentina and Romania 4% Germany 3% 1% France, Netherlands and Switzerland Pakistan 5% 10% 15% Liechtenstein Argentina The higher the individualism in a country, the lower the likelyhood of succession in the family business Russia Mexico Greece South Africa Japan Romania Singapore Hungary Luxembourg China Chile Brazil Estonia Portugal Germany Ireland Pakistan Austria Switzerland Belgium United Kingdom Finland France Netherlands INDIVIDUALISM Source: Ernst & Young, University of St Gallen DESIRE FOR SUCCESSION