Family business: transparency in financial information from corporate governance practices

The studies on family businesses hold significance due to the imperative to understand their historical and current influence on regional and national economies globally. This article aims to identify and characterize governance practices in such businesses and determine their impact on crafting and presenting transparent financial information—a strategy that ensures sustainability. The study defines transparency by weaving in intricate factors of family business and bases its evaluation on management theory contributions and professionalization elements. Such an approach serves as a foundation to bolster the prevailing consolidation trends in these entities. The research adopts a case study methodology combined with a descriptive lens, incorporating fundamental aspects of explanatory and correlational research. Employing Pearson's correlation coefficient helped establish causal relationships and discern the interplay between variables, facilitated by a questionnaire. Analysis unveils a pronounced and contemporary correlation between corporate governance variables and financial transparency.

• Autores: Nieto Ramos, Lainet; Gutierrez, Isamar; Villanueva Vásquez, Aydaluz; Calderón, Lauren; González Beleño, Carlos; Reales Correa, Katherine
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2024
• Institución: Corporación Universidad de la Costa
• Repositorio: REDICUC - Repositorio CUC
• Idioma: eng
• OAI Identifier: oai:repositorio.cuc.edu.co:11323/14000
• Acceso en línea: https://hdl.handle.net/11323/14000; https://repositorio.cuc.edu.co/
• Palabra clave: Corporate governance; Family business; Finance information; Transparency information model
• Rights: openAccess
• License: Atribución 4.0 Internacional (CC BY 4.0)