INSTITUTIONALIZATION OF THE FAMILY BUSINESS THROUGH THE CREATION OF A PROTOCOL TO ACHIEVE THE CONTINUITY

Abstract

The family protocol contains the game rules that will govern the future and succession process of family businesses; this document aims to guarantee the company's continuity through family agreements that lead to its institutionalization. This research identified the influence that the creation of the family protocol has on business institutionalization. The data collection instrument was validated using Pearson's correlation. The chi-square test of statistical independence generates the calculation of the dependency between the variables studied. The theoretical chi-square graph is the pair of variables that make up the hypothesis and its theoretical inverse function: p-value = 0.01 vs. chi-square of 1 degree of freedom to observe the intersection. In conclusion, the statistical tests yielded eight variables more dependent on each other. Items 2 and 7 verified by linear Person resulted in 0.7202771, and items 7 and 9, 6 and 2, and 9 and 6 were associated with 99% reliability in theoretical or critical Chi, and 100% reliability of Chi observed or experimental. We observed that the creation of a protocol in the family business influences institutionalization to guarantee its continuity. This hypothesis verified an observed or experimental chi value of 180.7212 and a theoretical or critical chi of 6.6349.