FINANCIAL MANAGEMENT IN THE FAMILY AND NON-FAMILY SME´S IN THE TEXTILE INDUSTRY IN MEXICO

Martha Isabel Bojorquez Zapata, Antonio Emmanuel Perez Brito and Jorge Humberto Basulto Triay

Accounting & Taxation, 2014, vol. 6, issue 2, 49-57

Abstract: In this paper, we analyze differences in financial management practices between family and non-family Small and Medium Enterprises (SMEs) in the textile industry. We hypothesize that family SMEs use different sources of funding for new investments, tend to have less debt, are more profitable and use less financial and accounting information for decision making than non-family SMEs. We survey 24 textile SMEs located in Yucatan, Mexico. The results show that family SMEs rely more heavily on internal sources are more profitable and use less accounting and financial information for decision making than non-family SMEs.

Keywords: Family Business; Financial Management; Textile Industry (search for similar items in EconPapers)
JEL-codes: G00 (search for similar items in EconPapers)
Date: 2014
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