The effect of family ownership and generation on financial literacy

Antonio Molina-García (), Belen Florido-Ruiz (), Marta Campos Valenzuela () and Julio Diéguez-Soto
Additional contact information
Antonio Molina-García: Universidad de Málaga, https://orcid.org/0000-0002-9145-2787
Belen Florido-Ruiz: Universidad de Málaga, https://orcid.org/0000-0003-1729-487X
Marta Campos Valenzuela: Universidad de Málaga, https://orcid.org/0000-0003-3191-8984
Julio Diéguez-Soto: Universidad de Málaga, https://orcid.org/0000-0001-5116-5604

Small Business International Review, 2020, vol. 4, issue 1, 1-15

Abstract: The purpose of this article is to study the effect of family ownership and family generation on financial literacy. To do that, we have analysed a sample of 195 Spanish family businesses, reaching the conclusion that the level of family ownership exerts a negative influence on financial literacy. On the other hand, as family generations advance, financial literacy is favoured. This study benefits professionals and entrepreneurs, since they could, through a series of guidelines, improve financial literacy and, with it, the viability of their respective firms

Keywords: family business; financial literacy; family ownership; family generation (search for similar items in EconPapers)
JEL-codes: A29 G32 G39 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:aaz:sbir01:v:4:y:2020:i:1:p:1-15

DOI: 10.26784/sbir.v4i1.236

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