Bangkok, SET Note states that 80% of all businesses in Thailand are medium-sized and small-sized family businesses, while 67% of listed companies in the Thai stock market are "family businesses", indicating an important role in national development and employment in the country.The Stock Exchange of Thailand (SET) published SET Note No. 9/2024, 'Family Business and Its Role in Creating Growth for the Thai Economy,' stating that family businesses play a significant role in the growth of the Thai economy. Currently, 80% of all businesses in Thailand are medium-sized and small-sized family businesses. When studying listed companies classified as 'family businesses' from all listed companies on the Stock Exchange of Thailand and the Market for Alternative Investment (MAI) as of the end of June 2024, totaling 852 companies, it was found that-575 out of 852 companies, or 67% of the listed companies on the Thai stock market studied, were classified as 'family businesses.' This group of listed companies has a to tal market capitalization of 50% of the total market capitalization of the market.-Listed companies classified as family businesses are distributed in almost every business category, mostly in the food and beverage category, real estate development category, energy and utilities category, commerce category, media and publishing category, and in the MAI market (service group, real estate and construction group). and Industrial Products Group)- Family businesses use the mechanism of the Thai stock market to raise funds for continuous business expansion. It was found that 76% of listed companies that were traded during 2016 to the end of June 2024 were family businesses.Over the past 8 years (2016 - 2023), there were 188 listed companies classified as family businesses out of 248 listed companies that made IPOs,with a total fundraising value of more than 344,459 million baht, or 61% of the total IPO value. Additional fundraising was done through fundraising in the secondary market, with 71 companies rais ing additional funds in the secondary market 329 times, with a total fundraising value of 70,187 million baht.Family-owned listed companies play an important role in the development of the country. In 2023, it was found that this group of companies had a total income of up to 8.31 trillion baht, or 46.4% of the country's gross domestic product. This group of listed companies paid a total corporate tax of more than 106,287 million baht, or 14.1% of the total corporate income tax collected by the Revenue Department in 2023.Family-owned listed companies play a significant role in employment in the country. In 2023, 561 family-owned listed companies employed a total of 1.35 million employees, an increase of 6% from the previous year, especially in the agriculture and food, consumer goods, services, and real estate and construction groups, which employed more than 75% of the total number of employees employed in those industries.Source: Thai News Agency