UK: Family ties 'help Asian businesses'

UK: Family ties 'help Asian businesses'

Via BBC:
According to academics, small to medium-sized Asian-run businesses are less likely to fail when there's a downturn in the economy because of the way they are set up and financed.

Dr Malcolm Chapman is senior lecturer in international business at the University of Leeds.

"Asians tend to finance business internally or use capital from family derived networks; crucially those networks are tolerant of slow repayment of loans if slow repayments become necessary," he says.

(source)