Análisis del rendimiento de la empresa familiar chilena: una mirada a través de la estructura accionarial

Carlos  Cid-Aranda; Pablo San Martín Mosqueira

Analysis of the Performance of the Chilean Family Business: A View Through the Share Structure

Authors

Carlos Cid-Aranda b Facultad de Ciencias Económicas y Administrativas Universidad Católica de la Santísima Concepción
Pablo San Martín Mosqueira Facultad de Ciencias Económicas y Administrativas Universidad Católica de la Santísima Concepción

Keywords:

Family business, family control, founding family, accounting performance, economic performance

Abstract

This research analyses the impact of founding-family ownership on financial performance, using data from 131 Chilean non-financial firms listed on the Bolsa de Comercio de Santiago, in the period 2005-2014. The results illus- trate a positive relationship between founder-family and performance, either by market or accounting performance. Moreover, the presence of the founder or a member of the founding family in the position of CEO or chairman of the board generates an increase in financial performance.

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Published

2016-12-16

How to Cite

Cid-Aranda, C. ., & San Martín Mosqueira, P. (2016). Analysis of the Performance of the Chilean Family Business: A View Through the Share Structure. Multidisciplinary Business Review, 9(2), 37–49. Retrieved from https://journalmbr.net/index.php/mbr/article/view/312