Ownership Governance Practices and their Influence on Family Businesses Financial Performance

24 páginas

Detalles Bibliográficos
Autor: Betancourt Ramirez, Jose B
Tipo de recurso: artículo
Fecha de publicación:2020
País:Colombia
Institución:Universidad de la Sabana
Repositorio:Repositorio Universidad de la Sabana
Idioma:inglés
OAI Identifier:oai:intellectum.unisabana.edu.co:10818/51044
Acceso en línea:https://tesis.pucp.edu.pe/repositorio/bitstream/handle/20.500.12404/16196/BETANCOURT_RAMIREZ_OWNERSHIP_GOVERNANCE.pdf?sequence=5&isAllowed=y
http://hdl.handle.net/10818/51044
Access Level:acceso abierto
Palabra clave:Shareholders
Ownership
Corporate governance
Practices
Family business
Financial performance
Accionistas|Propiedad
Gobierno corporativo
Practicas
Empresa familiar
Desempeño financiero.
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network_acronym_str CO
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dc.title.none.fl_str_mv Ownership Governance Practices and their Influence on Family Businesses Financial Performance
Prácticas de Gobernanza de la Propiedad y su Influencia en las Empresas Familiares
title Ownership Governance Practices and their Influence on Family Businesses Financial Performance
spellingShingle Ownership Governance Practices and their Influence on Family Businesses Financial Performance
Betancourt Ramirez, Jose B
Shareholders
Ownership
Corporate governance
Practices
Family business
Financial performance
Accionistas|Propiedad
Gobierno corporativo
Practicas
Empresa familiar
Desempeño financiero.
title_short Ownership Governance Practices and their Influence on Family Businesses Financial Performance
title_full Ownership Governance Practices and their Influence on Family Businesses Financial Performance
title_fullStr Ownership Governance Practices and their Influence on Family Businesses Financial Performance
title_full_unstemmed Ownership Governance Practices and their Influence on Family Businesses Financial Performance
title_sort Ownership Governance Practices and their Influence on Family Businesses Financial Performance
dc.creator.none.fl_str_mv Betancourt Ramirez, Jose B
author Betancourt Ramirez, Jose B
author_facet Betancourt Ramirez, Jose B
author_role author
dc.subject.none.fl_str_mv Shareholders
Ownership
Corporate governance
Practices
Family business
Financial performance
Accionistas|Propiedad
Gobierno corporativo
Practicas
Empresa familiar
Desempeño financiero.
topic Shareholders
Ownership
Corporate governance
Practices
Family business
Financial performance
Accionistas|Propiedad
Gobierno corporativo
Practicas
Empresa familiar
Desempeño financiero.
description 24 páginas
publishDate 2020
dc.date.none.fl_str_mv 07/27/2022 13:50
07/27/2022 13:50
2020
dc.type.none.fl_str_mv journal article
publishedVersion
info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv Ramirez, J. B. B. (2020). Ownership Governance Practices and their Influence on Family Businesses Financial Performance (Doctoral dissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)).
2146-4138
https://tesis.pucp.edu.pe/repositorio/bitstream/handle/20.500.12404/16196/BETANCOURT_RAMIREZ_OWNERSHIP_GOVERNANCE.pdf?sequence=5&isAllowed=y
http://hdl.handle.net/10818/51044
identifier_str_mv Ramirez, J. B. B. (2020). Ownership Governance Practices and their Influence on Family Businesses Financial Performance (Doctoral dissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)).
2146-4138
url https://tesis.pucp.edu.pe/repositorio/bitstream/handle/20.500.12404/16196/BETANCOURT_RAMIREZ_OWNERSHIP_GOVERNANCE.pdf?sequence=5&isAllowed=y
http://hdl.handle.net/10818/51044
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ramirez, J. B. B. (2020). Ownership Governance Practices and their Influence on Family Businesses Financial Performance (Doctoral dissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)).
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Ownership Governance Practices and their Influence on Family Businesses Financial Performance
publisher.none.fl_str_mv Ownership Governance Practices and their Influence on Family Businesses Financial Performance
dc.source.none.fl_str_mv reponame:Repositorio Universidad de la Sabana
instname:Universidad de la Sabana
instacron:Universidad de la Sabana
instname_str Universidad de la Sabana
instacron_str Universidad de la Sabana
institution Universidad de la Sabana
reponame_str Repositorio Universidad de la Sabana
collection Repositorio Universidad de la Sabana
_version_ 1825050735694315520
spelling Ownership Governance Practices and their Influence on Family Businesses Financial PerformancePrácticas de Gobernanza de la Propiedad y su Influencia en las Empresas FamiliaresBetancourt Ramirez, Jose BShareholdersOwnershipCorporate governancePracticesFamily businessFinancial performanceAccionistas|PropiedadGobierno corporativoPracticasEmpresa familiarDesempeño financiero.24 páginasOwnership was usually a system implicitly assumed in the dynamics of company management, but it deserved more attention than a periodic control in the yearly general shareholder´s assembly. Empowerment of owners was required given the magnitude of decisions made in terms of capital and business purpose, and not just delegating it to the Board or the CEO. Despite the relevance of the topic, a gap was identified in the literature of corporate governance in family business from the ownership dimension. This longitudinal study used a quantitative approach with an explanatory scope that which sought to answer the question: Do shareholders corporate governance practices and family control influence financial performance on businesses? 104 public companies were analyzed and 36.5% of them were identified as family businesses, data were used from National Registry of Values and Issuers, which also responded the country Code 'survey of Colombia in the period 2008 to 2014. Data was processed with Student's t test and Random Effects analysis as a panel data technique. Results shown that family and non-family businesses had significant differences in ownership governance practices, but no significant relationship were identified between corporate governance practices of shareholders or family control with financial performance. The theoretical contribution to the areas of corporate governance and family business was to opening a new scenario for the study of ownership governance; the practical contribution was giving rise to the design of a model of practices for shareholders, where they develop a more active role in terms of capital and strategy decisions that exceeded the decision limits of the Board of Directors; Finally, a contribution in public policy was created by supporting the need to highlight corporate governance practices at the owners level, with models that differentiate Family Business and others.La propiedad era generalmente un sistema implícito en la dinámica de la gestión de la empresa, pero merecía más atención que un control periódico en la asamblea general anual de accionistas. Se requería el empoderamiento de los propietarios dada la magnitud de las decisiones tomadas en términos de capital y propósito comercial, y no solo delegarlo en la Junta o el CEO. A pesar de la relevancia del tema, se identificó una brecha en la literatura de gobierno corporativo de la empresa familiar desde la dimensión de propiedad. Este estudio longitudinal utilizó un enfoque cuantitativo con un alcance explicativo que buscaba responder a la pregunta: ¿Las prácticas de gobierno corporativo de los accionistas y el control familiar influyen en el desempeño financiero de las empresas? Se analizaron 104 empresas públicas y el 36,5% de ellas se identificaron como empresas familiares, se utilizaron datos del Registro Nacional de Valores y Emisores, que también respondió a la encuesta del Código de país de Colombia en el período 2008 a 2014. Los datos se procesaron con la prueba t de Student y análisis de efectos aleatorios como técnica de datos de panel. Los resultados mostraron que las empresas familiares y no familiares tenían diferencias significativas en las prácticas de gobierno de propiedad, pero no se identificaron relaciones significativas entre las prácticas de gobierno corporativo de los accionistas o el control familiar con el desempeño financiero. La contribución teórica a las áreas de gobierno corporativo y empresa familiar fue abrir un nuevo escenario para el estudio del gobierno de propiedad; la contribución práctica fue dar lugar al diseño de un modelo de prácticas para los accionistas, donde desarrollen un papel más activo en términos de decisiones de capital y estrategia que exceden los límites de decisión de la Junta de Directiva; Finalmente, se creó una contribución en las políticas públicas al apoyar la necesidad de resaltar las prácticas de gobierno corporativo a nivel de los propietarios, con modelos que diferencien a las empresas familiares y otras.Ownership Governance Practices and their Influence on Family Businesses Financial Performance07/27/2022 13:5007/27/2022 13:502020journal articlepublishedVersioninfo:eu-repo/semantics/articleRamirez, J. B. B. (2020). Ownership Governance Practices and their Influence on Family Businesses Financial Performance (Doctoral dissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)).2146-4138https://tesis.pucp.edu.pe/repositorio/bitstream/handle/20.500.12404/16196/BETANCOURT_RAMIREZ_OWNERSHIP_GOVERNANCE.pdf?sequence=5&isAllowed=yhttp://hdl.handle.net/10818/51044engRamirez, J. B. B. (2020). Ownership Governance Practices and their Influence on Family Businesses Financial Performance (Doctoral dissertation, Pontificia Universidad Catolica del Peru-CENTRUM Catolica (Peru)).Attribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessreponame:Repositorio Universidad de la Sabanainstname:Universidad de la Sabanainstacron:Universidad de la Sabana2022-07-28T16:22:56Z
score 15,808905

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