Why Family Businesses Can Be Dangerous Investments: Finance Professor | In Conversation

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 U.S 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, losing tens of billions of dollars in value and sending India’s stock market reeling. Calling Adani Group ‘a massive con’, the report alleges accounting fraud, stock price manipulation and corporate mismanagement, a direct result of an opaque family business structure. Are all big family conglomerates risky business? Or are companies like Hindenburg just creating opportunities to short the market and profit? We talk to Aswath Damodaran, finance professor from the Stern School of Business, who has been dubbed the ‘Dean of Valuation’ due to his years of detailed studies into the value of companies. For more In Conversation: =========== ABOUT THE SHOW: CNA’s one-on-one interview programme with the people who matter, when it matters. =========== #CNA #CNAInterview #InConversationCNA #India #Business For more, SUBSCRIBE to CNA INSIDER Follow CNA INSIDER on: Instagram: Facebook: Website: