The effect of family ownership and generation on financial literacy

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.

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Alternative title:	La influencia de la propiedad y la generación familiar en la educación financiera de la empresa
Year of publication:	2020
Authors:	Molina-García, Antonio ; Florido-Ruiz, Belen ; Campos Valenzuela, Marta ; Diéguez-Soto, Julio
Published in:	Small Business International Review (SBIR). - Madrid and Cartagena : Spanish Accounting and Business Administration Association (AECA) and Universidad Politécnica de Cartagena (UPCT), ISSN 2531-0046. - Vol. 4.2020, 1, p. 1-15
Publisher:	Madrid and Cartagena : Spanish Accounting and Business Administration Association (AECA) and Universidad Politécnica de Cartagena (UPCT)
Subject:	family business \| financial literacy \| family ownership \| family generation \| empresa familiar \| educación financiera \| propiedad familiar \| generación familiar

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.26784/sbir.v4i1.236 [DOI] hdl:10419/224309 [Handle] RePEc:aaz:sbir01:v:4:y:2020:i:1:p:1-15 [RePEc]
Classification:	A29 - Economics Education and Teaching of Economics. Other ; G32 - Financing Policy; Capital and Ownership Structure ; G39 - Corporate Finance and Governance. Other
Source:	EconStor

Persistent link: https://www.econbiz.de/10012286567