Agrokor among the leading global family companies
May 13, 2015
The Center for Family Business at the University of St. Gallen in Switzerland published its Global Family Business Index together with audit-consulting company EY. The index ranks largest public and private family companies and shows their importance in the global economy. The Center defines family companies as those where a family has a controlling share. On this prestigious list Agrokor is ranked 271st as the only company from the region, along global leaders such as Wal-Mart, Berkshire Hathaway, Ford, BMW, Ikea, Heineken and others.
Cumulative revenues of these companies for 2013 were $6.5 trillion and they employ 21 million people. Half of them are from Europe, while 24% is from North America. Slightly more than half are publicly listed, while 48% are private. The oldest company, Takenaka, was founded in 1610.
Thomas Zellweger from the University of St. Gallen concluded that “family firms are thus a future oriented way of organizing economic activity, and the firms on the list may tell us how this is best achieved.”
The research can be found here.