The Role of Heirs in Family Businesses: The Case of Carvajal
In this article we study why, contrary to international empirical evidence, CEO successions at Carvajal have been successful, although all the CEOs have belonged to the founding family. We develop a theoretical model which explains, given certain conditions, that the efforts of heirs can be similar...
- Autores:
-
González Ferrero, Maximiliano
Trujillo Dávila, María Andrea
Guzmán Vásquez, Álvaro Alexander
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2009
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/46374
- Acceso en línea:
- http://hdl.handle.net/1992/46374
- Palabra clave:
- Family businesses
Successions
Heirs as managers
Carvajal S.A. (Colombia) - Estudio de casos
Empresas familiares
Sucesiones
Administración
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2González Ferrero, Maximiliano8532600Trujillo Dávila, María Andrea5e161ddb-f902-45b0-bb70-79288bf634ac600Guzmán Vásquez, Álvaro Alexandera9d25b6b-263a-48a9-aa36-2924a7fff7146002020-09-21T15:18:59Z2020-09-21T15:18:59Z20091900-1606http://hdl.handle.net/1992/46374instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/In this article we study why, contrary to international empirical evidence, CEO successions at Carvajal have been successful, although all the CEOs have belonged to the founding family. We develop a theoretical model which explains, given certain conditions, that the efforts of heirs can be similar to those of the founder and greater than outsiders'. We point out the importance of private knowledge, the non-monetary benefit of managing the firm, and the personal abilities, as determinants of the productivity achieved by family management.1. Introduction. 2. The model. 3. Analysis of the case of Carvajal. 4. Empirical predictions. 5. Conclusion. References. Appendix.30 páginasapplication/pdfspaUniversidad de los AndesFacultad de AdministraciónGaleras de Administración, No. 24instname:Universidad de los Andesreponame:Repositorio Institucional SénecaThe Role of Heirs in Family Businesses: The Case of CarvajalEl papel de los herederos en las empresas familiares: el caso de Carvajal S.A.Documento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPFamily businessesSuccessionsHeirs as managersCarvajal S.A. (Colombia) - Estudio de casosEmpresas familiaresSucesionesAdministraciónFacultad de AdministraciónPublicationTEXTGaleras-de-administración-24.pdf.txtGaleras-de-administración-24.pdf.txtExtracted texttext/plain68775https://repositorio.uniandes.edu.co/bitstreams/b3413723-fe35-41df-aea6-538c995b60e9/download18332bef5a4f88c5300578f89dfb29e3MD54THUMBNAILGaleras-de-administración-24.pdf.jpgGaleras-de-administración-24.pdf.jpgIM Thumbnailimage/jpeg6651https://repositorio.uniandes.edu.co/bitstreams/4e6148bd-a4e2-4272-8655-74f3a1b0055f/downloadbbced10258146c667c88ce2e8effe4f5MD55ORIGINALGaleras-de-administración-24.pdfGaleras-de-administración-24.pdfapplication/pdf3377973https://repositorio.uniandes.edu.co/bitstreams/cbf02943-e8b0-4a23-a367-11803fe85c67/download08a8e9b762f508774327f3bfac488a69MD511992/46374oai:repositorio.uniandes.edu.co:1992/463742023-10-10 15:39:56.342http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
| dc.title.none.fl_str_mv |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| dc.title.alternative.none.fl_str_mv |
El papel de los herederos en las empresas familiares: el caso de Carvajal S.A. |
| title |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| spellingShingle |
The Role of Heirs in Family Businesses: The Case of Carvajal Family businesses Successions Heirs as managers Carvajal S.A. (Colombia) - Estudio de casos Empresas familiares Sucesiones Administración |
| title_short |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| title_full |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| title_fullStr |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| title_full_unstemmed |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| title_sort |
The Role of Heirs in Family Businesses: The Case of Carvajal |
| dc.creator.fl_str_mv |
González Ferrero, Maximiliano Trujillo Dávila, María Andrea Guzmán Vásquez, Álvaro Alexander |
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González Ferrero, Maximiliano Trujillo Dávila, María Andrea Guzmán Vásquez, Álvaro Alexander |
| dc.subject.keyword.none.fl_str_mv |
Family businesses Successions Heirs as managers |
| topic |
Family businesses Successions Heirs as managers Carvajal S.A. (Colombia) - Estudio de casos Empresas familiares Sucesiones Administración |
| dc.subject.armarc.none.fl_str_mv |
Carvajal S.A. (Colombia) - Estudio de casos Empresas familiares Sucesiones |
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Administración |
| description |
In this article we study why, contrary to international empirical evidence, CEO successions at Carvajal have been successful, although all the CEOs have belonged to the founding family. We develop a theoretical model which explains, given certain conditions, that the efforts of heirs can be similar to those of the founder and greater than outsiders'. We point out the importance of private knowledge, the non-monetary benefit of managing the firm, and the personal abilities, as determinants of the productivity achieved by family management. |
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2009 |
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2009 |
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2020-09-21T15:18:59Z |
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2020-09-21T15:18:59Z |
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1900-1606 |
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spa |
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Galeras de Administración, No. 24 |
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