The Determinants of the Probability of Entrenchment in Unlisted Moroccan Family Businesses (Application of Univariate Binary Models with Normal and Logistic Residues)

Outmane Soussi Noufail, Anass Mdaghri Alaoui II, Meryem El Alaoui Amine, Mehdi El Alaoui Amine

Abstract


One of the major extensions of econometrics in the 60s and 70s was undoubtedly related to the increasing use of the microeconomic data relating to economic characteristics of individual agents such as family businesses. In Morocco, this analysis provides a very interesting idea, and leads us to consider the management entrenchment as a typical phenomenon of the unlisted family businesses. Indeed, to put down roots family leaders who exhibit a longer duration of mandate and they tend to stay in the business sometimes even after the legal retirement age.

This paper proposes through the implementation of the dichotomous models, including logit and probit models to estimate the probability which affects entrenchment of leaders for 101 non-listed family businesses.

Full Text: PDF DOI: 10.5539/ijef.v6n9p253

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International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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