Descriptive statistics of the variables used
| Descriptive statistics | |||
|---|---|---|---|
| N | Mean | Standard deviation | |
| Firm size (Firms_LogSize) | 2,490 | 3.9591 | 2.09728 |
| Firm age (Firm_age) | 2,333 | 42.7908 | 43.24326 |
| First generation involved in management (MainGeneration) | 2,372 | 1.85 | 0.995 |
| Impact of COVID-19 pandemic on sales (IOS) | 2,399 | 1.4869 | 0.72006 |
| Owner family affected by COVID-19 (ABC) | 2,431 | 0.10 | 0.306 |
| Family CEO (FamCEO) | 2,502 | 0.6455 | 0.47846 |
| Number of shareholders belonging to the family (Fam_shareholders) | 2,272 | 5.68 | 27,857 |
| Power distance (PDI) | 2,240 | 57.2433 | 19.26984 |
| Individualism (IDV) | 2,240 | 48.5272 | 22.62831 |
| Masculinity (MAS) | 2,240 | 54.3679 | 14.11613 |
| Uncertainty Avoidance Index (UAI) | 2,240 | 69.8187 | 18.02046 |
| Long-Term Orientation (LTO) | 2,240 | 45.9049 | 26.88474 |
| Indulgence (IND) | 2,240 | 46.3571 | 24.51588 |
| Valid N | 2,049 | ||
| Descriptive statistics | |||
|---|---|---|---|
| Mean | Standard deviation | ||
| Firm size (Firms_LogSize) | 2,490 | 3.9591 | 2.09728 |
| Firm age (Firm_age) | 2,333 | 42.7908 | 43.24326 |
| First generation involved in management (MainGeneration) | 2,372 | 1.85 | 0.995 |
| Impact of COVID-19 pandemic on sales (IOS) | 2,399 | 1.4869 | 0.72006 |
| Owner family affected by COVID-19 (ABC) | 2,431 | 0.10 | 0.306 |
| Family CEO (FamCEO) | 2,502 | 0.6455 | 0.47846 |
| Number of shareholders belonging to the family (Fam_shareholders) | 2,272 | 5.68 | 27,857 |
| Power distance (PDI) | 2,240 | 57.2433 | 19.26984 |
| Individualism (IDV) | 2,240 | 48.5272 | 22.62831 |
| Masculinity (MAS) | 2,240 | 54.3679 | 14.11613 |
| Uncertainty Avoidance Index (UAI) | 2,240 | 69.8187 | 18.02046 |
| Long-Term Orientation (LTO) | 2,240 | 45.9049 | 26.88474 |
| Indulgence (IND) | 2,240 | 46.3571 | 24.51588 |
| Valid N | 2,049 | ||
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