Aproximación a Los Factores Que Influyen en La Visión Del Patrimonio en Las Empresas Familiares Colombianas

Abstract

The objective of this exploratory research was to identify factors that influence the ownership vision of Colombian family-owned busi­ness, in other words, the purpose of ownership in the families. The initial research model theoretically established that there are different combinations of these factors that influence ownership vision. A well-structured questionnaire was applied to 32 companies of different sizes, generations, and sectors. A factorial and multiple linear regression analy­sis was performed which indicated an influence of: 1) a percentage of family managers (family factor); 2) the total number of family members (family factor); and 3) the return on equity (wealth factor).

Ownership Governance Practices and Their Influence on Family Businesses Financial Performance

“…Just few authors (Aronoff and Ward, 2002a;Betancourt et al, 2011;Gómez-Betancourt, 2010;Jaffe and Lane, 2004) have highlighted the importance of knowing more about the ownership, its governance frameworks and strategies. Ownership is usually a system assumed implicit in the dynamics of management of enterprises, but it actually deserves more attention than a simple periodic control in the yearly General Shareholder´s Assembly.…”

“…As evidenced previously, research on corporate governance in the family business defines the concept of ownership as a central axis, because it is the most visible way to identify family businesses in data analysis with large volume. The role of ownership in family businesses is much deeper than that, but in this area of research, academics have simply used it as a definition or control variable, not taking into account that it is a system that needs to be managed (Betancourt et al, 2011). The authors of the F-PEC scale (Astrachan et al, 2002) pointed out in their article the need for a widely-accepted definition of family business, although they endeavored to propose a measure of family influence in business through power, experience and culture.…”

“…Source: This study Ownership in Family Business (Betancourt et al, 2011) Family influence F-PEC measure power, experience and culture (Astrachan et al, 2002) Single family business A family shareholder group has the highest proportion of voting rights (Villalonga & Amit, 2006) (Naldi, et al 2007)…”

Influencia de las prácticas de gobierno corporativo y gestión en la percepción de la unidad y armonía en empresas familiares

“…La probabilidad de tener una percepción de mejoría en la unidad y armonía es más alta -3.32 veces-, cuando los miembros de la familia tienen una estrategia familiar explícita con actividades que fomentan la unidad y armonía, y que les facilita resolver conflictos. Una familia empresaria puede mantenerse unida a través de una estrategia conjunta que genere una orientación sobre cómo actuar (Betancourt et al, 2011;Jaffe & Lane, 2004), pues la estrategia familiar permite acordar acciones que fomenten la unidad entre sus miembros, incrementen el sentido de pertenencia a la familia y minimice el efecto negativo de conflictos (Betancourt et al, 2011), además de promover acciones con fines no económicos, como actividades filantrópicas, de ocio, de formación, entre otras.…”