Are family conglomerates risky business? A conversation with Aswath Damodaran
Mar 24 2023
22 mins
In India, family businesses account for over two-thirds of the country's GDP. Strong brands, resilient to recession, trusted by generations of consumers. But are they immune to downfall? Following a searing report by US short seller Hindenburg Research, the Adani Group, one of India’s largest family conglomerates, saw shares of its flagship company fall more than 50 percent, losi