| Title |
Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis |
| ID_Doc |
78721 |
| Authors |
Stafford, K; Bhargava, V; Danes, SM; Haynes, G; Brewton, KE |
| Title |
Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis |
| Year |
2010 |
| Published |
Journal Of Family And Economic Issues, 31, 4 |
| Abstract |
This study identified factors influencing family business survival using National Family Business Panel and Spatial Hazard Events and Losses data. Sustainable Family Business Theory guided the use of a parametric duration model of long-term survival. Community characteristics, family achievements, family processes during change, business and owner characteristics, and business processes during stability affected long-term survival. Economic vulnerability of rural counties, family income from business, hiring temporary help, business size, viewing business as a way of life, and owner experience were associated with increased duration of business survival. Being home-based, a female owner, and customer-focused were associated with decreased duration of survival. Some family processes and achievements increased the duration of business survival; none decreased it. |
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