Abstract

SANCHEZ MARIN, Gregorio; CARRASCO HERNANDEZ, Antonio J  and  MADERO GOMEZ, Sergio Manuel. Remuneration for employees in family businesses: a regional comparative analysis of Spain and Mexico. Cuad. Adm. [online]. 2010, vol.23, n.41, pp.37-59. ISSN 0120-3592.

This article examines the remuneration for employees based in family businesses in two regions, Spain and Mexico, using the cultural differences between the two countries. The results obtained from the sample of 342 Spanish businesses and 280 Mexican businesses show that remuneration varies among types of family businesses and between countries. Such differences are explained through agency arguments (the composition of company management and interest shared between the owners and the employees) and through institutional arguments (cultural conditioners). The authors found that the remuneration for employees based in family-owned and family-managed businesses is lower and less mobile than the remuneration for employees in family businesses that use professional managers. They found that Mexican employees receive lower fixed remunerations than Spanish employees do although the former receive higher variable remuneration percentages.

Keywords : Family business employee remuneration; theoretical agency and institutional frameworks; Spanish and Mexican businesses.

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