This study analyses if ownership structure is an important determinant of capital structure decisions, on basis of two sub-samples of family-owned and non-family owned SMEs, sing panel data models. The results suggest that family ownership is an important determinant for: i) the variations of...

Based on two samples: 1) 1589 family-owned SMEs; and 2) 485 non family-owned SMEs, using probit regressions this paper studies the are significant differences in the survival determinants of these two types of SMEs. The empirical evidence obtained lets us conclude there context of family-owned...