Why do family companies even exist? They know how to ‘win without fighting’

By: Vitaliy Skorodziyevskiy, University of Louisville; Hanqing "Chevy" Fang, Missouri University of Science and Technology, and Jim Chrisman, Mississippi State University, The Conversation

Outlets: The Conversation

Published: December 2, 2025

Words: 1,174

Last Updated: 1 month, 1 week ago

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By Vitaliy Skorodziyevskiy, University of Louisville; Hanqing "Chevy" Fang, Missouri University of Science and Technology, and Jim Chrisman, Mississippi State University

When you hear the phrase “family business,” you might think of the backstabbing Roys of “Succession” or the dysfunctional Duttons of “Yellowstone.” But while TV’s family companies are entertaining, their real-life counterparts may be even more compelling.

Around the world, family businesses produce about two-thirds of all economic output and employ

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