IDENTIFYING AND CHARACTERIZING FAMILY ENTERPRISES
Keywords:Family Business. Identification of Family Business. Characterization of Family Business.
This study presents and discusses a methodology for identifying and characterizing family businesses. Its main research question searched to what extent the family name in the legal corporate name may be taken as a reliable indicator of family business. Data were collected by semi-structured interviews with business owners of a sample comprised of 143 firms. A flowchart was also developed to identify some characteristics related to the generation in charge of the company. The results led to helpful tools for the research purposes. In the one hand the results showed that the family name in the legal corporate name is not as reliable indicator of family business as it could be expected. Additional efforts must be done in this sense. On the other hand, among the benefits of this study there is the possibility of identifying the business in one of a range of five strata.
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