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Factors Associated with Longevity of Small, Family-Owned Firms

By: Williams, Densil; Jones, Oniel | International Journal of Entrepreneurship, January 1, 2010 | Article details

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Factors Associated with Longevity of Small, Family-Owned Firms


Williams, Densil, Jones, Oniel, International Journal of Entrepreneurship


ABSTRACT

This study reports on an empirical investigation into the factors that impact the longevity of small, family-owned firms from a developing economy. There is a dearth of empirical literature on the factors that influence longevity of firms in developing economies. Using variables from other empirical studies in other geographical jurisdiction, this study modelled the impact these variables have on the longevity of small, family owned businesses in Jamaica. The analysis drew on data for over 260 small, family-owned firms in Jamaica. Using the ANOVA statistical technique to derive results, the findings revealed that the possession of a succession plan, the size of the firm …

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