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JSE recognises research on family-owned businesses

The book, Understanding the Caribbean Enterprise: Insights from MSMEs and Family Owned Businesses, co-authored by Dr Lawrence Nicholson from Mona School of Business and Management, and Dr Jonathan Lashley from the Cave Hill Campus, UWI, was used in the ceremonial bell-ringing ceremony to signal the opening of the day's trading at the Jamaica Stock Exchange.

The historic event, which took place on Wednesday, February 27, marks only the second time in the history of the 51 year-old stock exchange that the recognition of a book was used in the bell-ringing ceremony. The book represents part of the output from the research being done by Dr Nicholson on family-owned businesses in the Caribbean.

Marlene Street Forrest, managing director of the Jamaica Stock Exchange, congratulated Dr Nicholson and his co-author, and shared that the book provides insights which could assist in finding solutions to issues many micro, small and medium-sized family owned businesses face today. These include succession planning, business financing and marketing, — all of which are important and coincide with part of what the Jamaica Stock Exchange has set out to achieve.

“We want to congratulate Dr Nicholson and his co-author, Jonathan Lashley, on the launch of the book, and [we] thank them for giving the book to the market,” she said in her address. “This publication can assist us in providing insights to micro, small and medium-sized family owned businesses through the examination of their landscape and their journeys.”

Street Forrest also stated that she will be adding the book to the recommended reading list for participants in the Jamaica Stock Exchange's e-campus. She emphasised that the areas covered in the book will prove instructive to future business aspirants and governments within the Caribbean, while assisting in the development of small and medium-sized family owned businesses in Jamaica.

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