Table 2 Description of the clusters... | Emerald Publishing

Table 2

Description of the clusters

Cluster	% of FBs	Management and ownership	Firm age	Employee number
Male-managed and family-dominated (CL1)	26.2%	Family-owned and managed, extremely low share of female managers (2.75%)	17.69 years	24.29
Female-managed and family-dominated (CL2)	18.3%	Family-owned and managed, extremely high share of female managers (81.48%)	17.42 years	20.43
Co-managed (CL3)	25.6%	Half of the managers are non-family members (52.95%), but still family-owned The share of female managers is at the median	19.25 years	23.38
Co-owned and co-managed (CL4)	20.6%	Close family majority in both ownership (55.18%) and in management (55.89%). The share of female managers is at the median	19.7 years	22.14
Mature family firm (CL5)	9.3%	Significant family involvement in management (66.91%) and dominant family ownership (83.39%). The share of female managers is at the median	30.2 years	84.83

Cluster	% of FBs	Management and ownership	Firm age	Employee number
Male-managed and family-dominated (CL1)	26.2%	Family-owned and managed, extremely low share of female managers (2.75%)	17.69 years	24.29
Female-managed and family-dominated (CL2)	18.3%	Family-owned and managed, extremely high share of female managers (81.48%)	17.42 years	20.43
Co-managed (CL3)	25.6%	Half of the managers are non-family members (52.95%), but still family-ownedThe share of female managers is at the median	19.25 years	23.38
Co-owned and co-managed (CL4)	20.6%	Close family majority in both ownership (55.18%) and in management (55.89%). The share of female managers is at the median	19.7 years	22.14
Mature family firm (CL5)	9.3%	Significant family involvement in management (66.91%) and dominant family ownership (83.39%). The share of female managers is at the median	30.2 years	84.83

Source(s): Authors’ own work