earticle

영어

This study is family businesses and non-family companies about the impact on business performance were demonstrated. The characteristics of this study, Family succession were excluded from the data selected. The reason than blood relationship company participation in management or ownership, because ownership is important. And family firm that combines the cross-sectional data and time series data by using panel data to theory models are empirically. The empirical results are as follows. First, family firm and non-family firm had different business performant. Second, firm size and advertising ratio is family firm is higher than non-family firm, were statistically significant. Sales growth is higher for non-family firms, Statistically significant negative relationship was demonstrated. Especially, Age is have a positive impact on business performance that was not statistically significant than expected. Third, there was significant relationship between Performance variable is Family firm were higher than non-family firm.