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Family business characteristics and management practices: an analysis of covariance study.

Academy of Entrepreneurship Journal,  January, 2004  by Lussier, Robert N.; Sonfield, Matthew C.

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ABSTRACT

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There has been limited prior research into generational differences among family businesses. This study primarily compared first, second and third-generation family firms. However, it used an advanced research design by including four control variables to examine the effects of family business characteristics and management practices on generation. Control variables included number of employees, years in business, type of business, and form of ownership. The first analysis focused on if there were significant differences in the 11 dependent variables by generation, with ...

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