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PROPMANProperty Management
PROPMANProperty Manager (software)
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EXHIBIT 1 Variables Used in the Models The two logistic regression equations took the following form: log [[Pi].sub.[Iota]]/1-[[Pi].sub.[Iota]] = log[O.sub.i(eayes)] = [Alpha] + [[Beta].sub.1](PROPMAN) + [B.sub.2](PROPDIR) + [B.sub.3](SIZEPACT) + [B.sub.4](DEBTA) where [O.sub.i(eayes)] = the conditional odds of a family business adopting an external audit.
A univariate comparison of organizations revealed significant differences (PROPDIR (t(184) = 4.27, p [is less than] .0005) and PROPMAN (t(184) = 4.57, p [is less than] .0005)) in the expected direction for the two measures capturing separation of ownership and control in family business (refer to Table 3).
Frank Butler Tom Wopat Charlie Davenport Peter Marx Buffalo Bill Ron Holgate Dolly Tate Valerie Wright Tommy Keeler Andrew Palermo Winnie Tate Nicole Ruth Snelson Mac, the Propman Kevin Bailey Foster Wilson Ronn Carroll Annie Oakley Bernadette Peters Jessie Oakley Cassidy Ladden Neillie Oakley Mia Walker Little Jake Trevor McQueen Eaton Running Deer Kevin Bailey Eagle Feather Carlos Lopez Mrs.