Family ties, do they matter? family ownership and firm performance in Peru.
This paper studies the relationship between ownership concentration, family ownership, management, and market and accounting performance for 59 industrial firms listed in the Lima Stock Exchange during the period of 1999 to 2005. An inverted U-shaped relationship was found between ownership concentr...
- Autores:
-
Benavides Franco, Julián
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2012
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- eng
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/79817
- Acceso en línea:
- http://www.virtusinterpress.org/FAMILY-TIES-DO-THEY-MATTER-FAMILY.html
http://hdl.handle.net/10906/79817
http://dx.doi.org/10.22495/cocv9i4art7
- Palabra clave:
- Economía
Empresas familiares
Perú
Bolsa de valores
Negocios y management
Economics
Business
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
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Benavides Franco, JuliánOhio de Lat: 40 00 00 N degrees minutes Lat: 40.0000 decimal degrees Long: 080 50 00 W degrees minutes Long: -80.8333 decimal degrees2016-08-22T19:32:34Z2016-08-22T19:32:34Z2012-01-011727-9232http://www.virtusinterpress.org/FAMILY-TIES-DO-THEY-MATTER-FAMILY.htmlhttp://hdl.handle.net/10906/79817http://dx.doi.org/10.22495/cocv9i4art7instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This paper studies the relationship between ownership concentration, family ownership, management, and market and accounting performance for 59 industrial firms listed in the Lima Stock Exchange during the period of 1999 to 2005. An inverted U-shaped relationship was found between ownership concentration and market performance in both family and non-family firms, pointing out an entrenchment effect or excessive risk aversion of the controlling group. This effect is worsened for family firms. The presence of family members as CEOs, Chairmen and Board Members is also negative for a firm’s performance and family ownership was found to increase the leverage of a firm.11 páginasDigitalengBoardFacultad de Ciencias Administrativas y EconómicasContaduría Pública y Finanzas InternacionalesDepartamento Contable y FinancieroOhioCorporate Ownership And Control, Vol. 9, No.4 - 2012EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos. Toda persona que consulte ya sea la biblioteca o en medio electrónico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2EconomíaEmpresas familiaresPerúBolsa de valoresNegocios y managementEconomicsBusinessFamily ties, do they matter? family ownership and firm performance in Peru.info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Artículoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Comunidad Universidad Icesi – Investigadores9496107ORIGINALDocumento.htmlDocumento.htmltext/html271http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/79817/1/Documento.html7b9fcb8247630e723f26281e8dd08dd2MD5110906/79817oai:repository.icesi.edu.co:10906/798172018-09-19 15:44:29.133Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co |
| dc.title.eng.fl_str_mv |
Family ties, do they matter? family ownership and firm performance in Peru. |
| title |
Family ties, do they matter? family ownership and firm performance in Peru. |
| spellingShingle |
Family ties, do they matter? family ownership and firm performance in Peru. Economía Empresas familiares Perú Bolsa de valores Negocios y management Economics Business |
| title_short |
Family ties, do they matter? family ownership and firm performance in Peru. |
| title_full |
Family ties, do they matter? family ownership and firm performance in Peru. |
| title_fullStr |
Family ties, do they matter? family ownership and firm performance in Peru. |
| title_full_unstemmed |
Family ties, do they matter? family ownership and firm performance in Peru. |
| title_sort |
Family ties, do they matter? family ownership and firm performance in Peru. |
| dc.creator.fl_str_mv |
Benavides Franco, Julián |
| dc.contributor.author.spa.fl_str_mv |
Benavides Franco, Julián |
| dc.subject.spa.fl_str_mv |
Economía Empresas familiares Perú Bolsa de valores |
| topic |
Economía Empresas familiares Perú Bolsa de valores Negocios y management Economics Business |
| dc.subject.none.fl_str_mv |
Negocios y management |
| dc.subject.eng.fl_str_mv |
Economics Business |
| description |
This paper studies the relationship between ownership concentration, family ownership, management, and market and accounting performance for 59 industrial firms listed in the Lima Stock Exchange during the period of 1999 to 2005. An inverted U-shaped relationship was found between ownership concentration and market performance in both family and non-family firms, pointing out an entrenchment effect or excessive risk aversion of the controlling group. This effect is worsened for family firms. The presence of family members as CEOs, Chairmen and Board Members is also negative for a firm’s performance and family ownership was found to increase the leverage of a firm. |
| publishDate |
2012 |
| dc.date.issued.none.fl_str_mv |
2012-01-01 |
| dc.date.accessioned.none.fl_str_mv |
2016-08-22T19:32:34Z |
| dc.date.available.none.fl_str_mv |
2016-08-22T19:32:34Z |
| dc.type.eng.fl_str_mv |
info:eu-repo/semantics/article |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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Artículo |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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publishedVersion |
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1727-9232 |
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http://www.virtusinterpress.org/FAMILY-TIES-DO-THEY-MATTER-FAMILY.html |
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http://hdl.handle.net/10906/79817 |
| dc.identifier.doi.none.fl_str_mv |
http://dx.doi.org/10.22495/cocv9i4art7 |
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instname: Universidad Icesi |
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reponame: Biblioteca Digital |
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repourl: https://repository.icesi.edu.co/ |
| identifier_str_mv |
1727-9232 instname: Universidad Icesi reponame: Biblioteca Digital repourl: https://repository.icesi.edu.co/ |
| url |
http://www.virtusinterpress.org/FAMILY-TIES-DO-THEY-MATTER-FAMILY.html http://hdl.handle.net/10906/79817 http://dx.doi.org/10.22495/cocv9i4art7 |
| dc.language.iso.spa.fl_str_mv |
eng |
| language |
eng |
| dc.relation.ispartof.eng.fl_str_mv |
Corporate Ownership And Control, Vol. 9, No.4 - 2012 |
| dc.rights.uri.none.fl_str_mv |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| dc.rights.accessrights.eng.fl_str_mv |
info:eu-repo/semantics/openAccess |
| dc.rights.license.none.fl_str_mv |
Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) |
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http://purl.org/coar/access_right/c_abf2 |
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https://creativecommons.org/licenses/by-nc-nd/4.0/ Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) http://purl.org/coar/access_right/c_abf2 |
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openAccess |
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11 páginas |
| dc.format.medium.spa.fl_str_mv |
Digital |
| dc.coverage.spatial.eng.fl_str_mv |
Ohio de Lat: 40 00 00 N degrees minutes Lat: 40.0000 decimal degrees Long: 080 50 00 W degrees minutes Long: -80.8333 decimal degrees |
| dc.publisher.spa.fl_str_mv |
Board |
| dc.publisher.faculty.spa.fl_str_mv |
Facultad de Ciencias Administrativas y Económicas |
| dc.publisher.program.spa.fl_str_mv |
Contaduría Pública y Finanzas Internacionales |
| dc.publisher.department.spa.fl_str_mv |
Departamento Contable y Financiero |
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Ohio |
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Universidad ICESI |
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http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/79817/1/Documento.html |
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