Family businesses in the U.S. are more confident about their growth prospects than their global peers—93 percent versus 81 percent—and are poised to capitalize on new opportunities, according to a new survey by PricewaterhouseCoopers.

While economic challenges top the list of near-term concerns for U.S. family businesses, with 68 percent citing market conditions as a main issue over the next 12 months, those concerns have waned since a previous survey by PwC two years ago in which 88 percent cited market conditions as a main concern, suggesting that family businesses have adapted to the new normal of market volatility and economic uncertainty.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access