Entrepreneurship and Family Businesses in Thailand

17 Pages Posted: 7 May 2018

See all articles by Weerachart Kilenthong

Weerachart Kilenthong

University of the Thai Chamber of Commerce

Kittipong Rueanthip

University of the Thai Chamber of Commerce

Date Written: May 2018

Abstract

This paper investigates the impact of exposure to a family business and participating in a family business on an individual's decision to start a business and the likelihood of its survival. We find that having a family member doing business increases the probability of starting a business but not its survival. In contrast, working in a family‐owned business for a high number of hours increases both the likelihood of entrepreneurship and survival. The impact of working hours in a family‐owned business remains significant even if the sample includes only individuals who are the spouses of business owners. Given the evidence, an apprenticeship scheme should be considered as a policy instrument for promoting entrepreneurial success.

Suggested Citation

Kilenthong, Weerachart and Rueanthip, Kittipong, Entrepreneurship and Family Businesses in Thailand (May 2018). Asian‐Pacific Economic Literature, Vol. 32, Issue 1, pp. 77-93, 2018. Available at SSRN: https://ssrn.com/abstract=3173328 or http://dx.doi.org/10.1111/apel.12215

Weerachart Kilenthong (Contact Author)

University of the Thai Chamber of Commerce

Kittipong Rueanthip

University of the Thai Chamber of Commerce ( email )

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