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Financial Management In The Family And Non-Family Smeâ´S In The Textile Industry In Mexico

Author

Listed:
  • Martha Isabel Bojorquez Zapata
  • Antonio Emmanuel Perez Brito
  • Jorge Humberto Basulto Triay

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.

Suggested Citation

  • Martha Isabel Bojorquez Zapata & Antonio Emmanuel Perez Brito & Jorge Humberto Basulto Triay, 2014. "Financial Management In The Family And Non-Family Smeâ´S In The Textile Industry In Mexico," Accounting & Taxation, The Institute for Business and Finance Research, vol. 6(2), pages 49-57.
    • Handle: RePEc:ibf:acttax:v:6:y:2014:i:2:p:49-57
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Family Business; Financial Management; Textile Industry;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General

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