دانلود مقاله ISI انگلیسی شماره 80777
ترجمه فارسی عنوان مقاله

شرکت های خانوادگی و عملکرد مالی: هزینه در حال رشد

عنوان انگلیسی
Family firms and financial performance: The cost of growing
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80777 2012 24 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Emerging Markets Review, Volume 13, Issue 4, December 2012, Pages 626–649

ترجمه کلمات کلیدی
کسب و کارهای خانوادگی؛ کنترل خانواده؛ عملکرد مالی؛ کلمبیا
کلمات کلیدی انگلیسی
G3; G32Family businesses; Family control; Financial performance; Colombia
پیش نمایش مقاله
پیش نمایش مقاله  شرکت های خانوادگی و عملکرد مالی: هزینه در حال رشد

چکیده انگلیسی

This study examines the relationship between financial performance and family involvement for 523 listed and non-listed Colombian firms over 1996–2006. Using a detailed database and performing several panel data regression models, we find that family firms exhibit better financial performance on average than non-family firms when the founder is still involved in operations, although this effect decreases with firm size. With heirs in charge, there is no statistical difference in financial performance. Both direct and indirect ownership (control through pyramidal ownership structures within family business groups) affect firms' financial performance positively. However, this positive effect decreases with firm size. The results suggest that some kinds of family involvement appear to make firm growth expensive.