How family businesses are being uniquely affected by the COVID-19 crisis, according to a Kellogg professor of finance

Sep 16, 2020 - Business Insider

Several months into the coronavirus pandemic, it's become clear that economic pain is not being distributed equally, even within individual industries.

A business's size does not necessarily predict if it will thrive or suffer. Many smaller businesses are getting hammered: A full third of all small businesses in New York City, for instance, may never reopen. But plenty of large, publicly traded companies are also experiencing hard times. Heavil...