Abstract

MOLINA-PARRA, Paula Andrea; BOTERO-BOTERO, Sergio  and  MONTOYA-RESTREPO, Alexandra. Performance studies of family businesses. A new perspective. estud.gerenc. [online]. 2017, vol.33, n.142, pp.76-86. ISSN 0123-5923.  https://doi.org/10.1016/j.estger.2016.10.009.

The objective of this paper is to systematize and analyze existing empirical studies of the relationship between family involvement in family businesses and their financial returns. With this purpose in mind, a systematic review of papers has been carried out. These papers have been selected with criteria clearly defined in the most relevant databases of social sciences, aiming at seeing whether this relationship is positive or negative. Based on the findings, three trends of the studies analyzed were obtained: positive relationship, negative relationship and neutral relationship. With these heterogeneous results it has been concluded that the relationship between the family businesses and their performance are complex and probably moderate or affected by factors that are not included in these analysis.

Keywords : Family business; Financial returns; Agency theory.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )