The dataset includes all Baltic firms in Estonia, Latvia, and Lithuania with revenues exceeding EUR 2 million or total assets over EUR 2 million and revenues above EUR 1 million, excluding banks and holding companies. It also highlights family-controlled firms within this financial threshold. This dataset spans a decade, covering years from 2012 to 2021, providing valuable insights for company VAT checks.
We define a firm as family-controlled if more than 50.01 percent of shares (directly or indirectly) are held by one individual or multiple individuals with the same last name, and at least one family member has a board seat. This classification includes various Baltic firms that fit this definition. The list of family-controlled firms is created using a Python code and manual checking, ensuring thoroughness while also allowing for a company VAT check when necessary.
In 2020, the dataset includes 16,035 firms, among which 5,225 are family-controlled firms, representing one out of three. These Baltic firms are distributed as follows: 1,878 in Estonia, 1,629 in Latvia, and 1,718 in Lithuania. Notably, there are 11 family-controlled firms among the top 100 largest companies by revenues. For those interested, a company VAT check can provide further insights into these businesses.
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