Assessing the Role of Family Business in Promoting Economic Growth: Perspectives from Saudi Arabia

Ramady, M.A and Sohail, Sadiq M (2010). “Assessing the role of family business in promoting economic growth: perspectives from Saudi Arabia", International Journal of Entrepreneurship and Small Business. Vol. 10, No .4 pp 447-459

14 Pages Posted: 31 Aug 2015

See all articles by Mohamed Ramady

Mohamed Ramady

King Fahd University of Petroleum & Minerals (KFUPM)

M. Sadiq Sohail

King Fahd University of Petroleum & Minerals (KFUPM)

Date Written: 2010

Abstract

Family businesses play an important role in economic development across the globe, whether in developed or developing nations. Despite its importance, research on family business has attracted the attention of scholars only during the last two decades. This paper attempts to contribute to existing research in the stream of family business. The paper assesses the role of family businesses in Saudi Arabia by examining the current corporate structure and identifies the need for reforms. The paper puts forth a case for listing of family businesses and its likely consequences to the Saudi economy. Finally, the paper concludes with some policy recommendations.

Keywords: family business; economic growth; economic reform; business structural changes; Saudi Arabia; globalisation; new listings.

Suggested Citation

Ramady, Mohamed and Sohail, M. Sadiq, Assessing the Role of Family Business in Promoting Economic Growth: Perspectives from Saudi Arabia (2010). Ramady, M.A and Sohail, Sadiq M (2010). “Assessing the role of family business in promoting economic growth: perspectives from Saudi Arabia", International Journal of Entrepreneurship and Small Business. Vol. 10, No .4 pp 447-459. Available at SSRN: https://ssrn.com/abstract=2653554

Mohamed Ramady

King Fahd University of Petroleum & Minerals (KFUPM) ( email )

Dhahran, 31261
Saudi Arabia

M. Sadiq Sohail (Contact Author)

King Fahd University of Petroleum & Minerals (KFUPM) ( email )

Dhahran, 31261
Saudi Arabia

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