Diagnose of family businesses future based on the study of family businesses founders, and the analysis of the evolution of family structures and business fabric in Spain
DOI:
https://doi.org/10.24215/23143738e138Keywords:
entrepreneurs, family business, family business founders, business trendencyAbstract
The objective of this study is to diagnose if a family business will be a growing or decreasing phenomenon within the business fabric. For that purpose, a sample of 50 Spanish family businesses from different sectors was taken which allowed us to identify different factors related to the the founders, such as age, number of children, or the support received by the family at the moment to start it up. With the information obtained, a clustering method was carried out to identify clusters. That characterization was taken as a basis to identify three factors that should be analysed: family structures, the business fabric landscape, and entrepreneurs' motivations. The evolution of these three factors, analysed using linear regression methods, seems to indicate a negative tendency of family businesses. Therefore the consequent diagnose of this study is to consider family businesses as a declining phenomenon.
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