Family Business in the Health Care Sector: Past and Future
DOI:
https://doi.org/10.24310/ejfbejfb.v10i1.6683Keywords:
Family business, Socioemotional wealth, Private health care, Performance, SurvivalAbstract
The relevance of family businesses in the world economy has led researchers to study them in various fields and from various perspectives. However, the role played by family businesses in the private health care sector has hardly been analyzed. The objective of this research was to focus on the historical evolution of the family business in the field of private health, attempting to determine the variation in its contribution to the sector during 1995–2018. For this purpose, we constructed a database with the existing private hospitals in Spain, classifying them according to family and non-family ownership for the years 1995 and 2018 and performing a cross-sectional analysis. We observed an almost 60% survival rate for family businesses. We propose implementing the methodology of the case study for future research.
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