Māori business principles support stability, says RBNZ’s Orr
Collectively-owned businesses are more stable, but many struggle to access capital, governor says
Māori business principles tend to encourage long-term thinking and contribute to the stability of the economy, but Māori businesses also suffer from constraints, Adrian Orr said on September 27.
Addressing the Federation of Māori Authorities, the Reserve Bank of New Zealand governor acknowledged that the collective ownership typical of Māori business was a double-edged sword.
On the one hand, collective ownership makes it harder for banks to foreclose assets, meaning they are less willing to
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