This section reports the result of descriptive statistics and univariate analysis. First, two criteria are used to sort all sample firms into two groups: family firms and nonfamily firms, with their group means compared by using t-tests.Family firms are found to differ significantly from nonfamily firms with respect to their ownership structure, presence of family CEOs, firm size in terms of assets,age,and diversification strategy.
This section reports the result of descriptive statistics and univariate analysis. First, two criteria are used to sort all sample firms into two groups: family firms and nonfamily firms, with their group means compared by using t-tests.Family firms are found to differ significantly from nonfamily firms with respect to their ownership structure, presence of family CEOs, firm size in terms of assets,age,and diversification strategy.
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