Perheyritys
Perheyritys (Finnish for family business) refers to a privately held company in which ownership and control are concentrated in one or more families. In practice, perheyritys range from small shops to large manufacturing groups across sectors, but they share the characteristic that the family exercises significant influence over strategic decisions, often through ownership stakes and executive roles held by family members. Governance may combine family networks with formal boards that include non-family directors to ensure accountability and professional management.
Succession and continuity are central concerns for perheyritys. Leadership is often transferred across generations, but firms
Advantages commonly associated with family businesses include a long-term horizon, strong commitment, stability, deep local networks,
Economic and social role: perheyritys constitute a substantial share of private sector activity in many economies