<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1794-4449</journal-id>
<journal-title><![CDATA[Revista Lasallista de Investigación]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. Lasallista Investig.]]></abbrev-journal-title>
<issn>1794-4449</issn>
<publisher>
<publisher-name><![CDATA[Corporación Universitaria Lasallista]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1794-44492021000200042</article-id>
<article-id pub-id-type="doi">10.22507/rli.v18n2a4</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Cumplimiento de Gobierno Corporativo: un Análisis para Empresas Familiares y no Familiares Colombianas]]></article-title>
<article-title xml:lang="en"><![CDATA[Corporate Governance Compliance: an Analysis for Colombian Family and Non-Family Businesses]]></article-title>
<article-title xml:lang="pt"><![CDATA[Conformidade com a Governança Corporativa: uma Análise para Empresas Familiares e não Familiares na Colômbia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Lagos-Cortés]]></surname>
<given-names><![CDATA[Diógenes]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[López-Vergara]]></surname>
<given-names><![CDATA[María Piedad]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,INALDE Business School-Universidad de La Sabana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<aff id="Af2">
<institution><![CDATA[,INALDE Business School-Universidad de La Sabana Departamento de Dirección General ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2021</year>
</pub-date>
<volume>18</volume>
<numero>2</numero>
<fpage>42</fpage>
<lpage>57</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S1794-44492021000200042&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S1794-44492021000200042&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S1794-44492021000200042&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen  Introducción. Recientemente el estudio del gobierno corporativo en las empresas familiares ha recibido mayor atención debido al predominio, la importancia y el impacto de estas empresas y a los problemas de agencia que por su estructura se presentan. En este sentido, el gobierno corporativo puede ayudar a las empresas familiares a monitorear eficientemente la gestión para reducir comportamientos oportunistas tanto de los gerentes como de aquellos accionistas que controlan la empresa.  Objetivo. Estudiar la relación que se presenta entre el carácter familiar y la adopción de prácticas de gobierno corporativo en empresas listadas en el mercado de valores de Colombia.  Materiales y métodos. Se realizó un análisis cuantitativo con datos de panel. Los modelos de regresión fueron estimados mediante efectos aleatorios para tratar la heterogeneidad no observable y las variables omitidas. La muestra correspondió a 479 observaciones-año de 124 empresas listadas en el mercado de valores de Colombia entre 2015 y 2018.  Resultados. Se encontró un menor cumplimiento en cuanto a gobierno corporativo en las empresas familiares.  Conclusión. El menor cumplimiento en las empresas familiares puede deberse a que estas empresas tienen menores incentivos para implementar buenas prácticas de gobierno corporativo dado que los costos de dicha implementación superan a los posibles beneficios, sumado a que estos beneficios terminan diluyéndose entre todos los accionistas que hacen parte de la familia.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract  Introduction. Recently, the study of corporate governance in family businesses has received greater attention due to the prevalence, importance, and impact of these companies and the agency problems that arise due to their structure. In this sense, corporate governance can help family businesses efficiently monitor management to reduce opportunistic behaviors both from managers and those shareholders who control the company.  Objective. Study the relationship between family nature and the adoption of corporate governance practices in companies listed on the Colombian stock market.  Materials and Methods. A quantitative analysis was performed with panel data. Regression models were estimated using random effects to deal with unobservable heterogeneity and omitted variables. The sample corresponded to 479 observations-year of 124 companies listed in the Colombian stock market between 2015 and 2018.  Results. Lower compliance with corporate governance was found in family businesses.  Conclusion. The lower compliance in family businesses may be since these companies have fewer incentives to implement good corporate governance practices given that the costs of such implementation exceed the possible benefits, added to the fact that these benefits end up being diluted among all the shareholders that are part of the family.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo  Introdução. Recentemente, o estudo da governança corporativa em empresas familiares tem recebido maior atenção devido à prevalência, importância e impacto dessas empresas e dos problemas de agência que surgem devido à sua estrutura. Nesse sentido, a governança corporativa pode ajudar as empresas familiares a monitorar de forma eficiente a gestão para reduzir comportamentos oportunistas tanto dos administradores quanto dos acionistas que controlam a empresa.  Objetivo. Estudar a relação entre o caráter familiar e a adoção de práticas de governança corporativa em empresas listadas na bolsa de valores colombiana.  Materiais e métodos. Uma análise quantitativa foi realizada com dados em painel. Modelos de regressão foram estimados usando efeitos aleatórios para lidar com heterogeneidade não observável e variáveis omitidas. A amostra correspondeu a 479 observações anuais de 124 empresas listadas na bolsa de valores colombiana entre 2015 e 2018.  Resultados. Observou-se menor conformidade com a governança corporativa nas empresas familiares.  Conclusão. A menor conformidade em empresas familiares pode ser devido ao fato de essas empresas terem menos incentivos para implementar boas práticas de governança corporativa tendo em vista que os custos dessa implantação superam os possíveis benefícios, somado ao fato de que esses benefícios acabam se diluindo entre todos os acionistas que fazem parte da família.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Cumplimiento]]></kwd>
<kwd lng="es"><![CDATA[gobierno corporativo]]></kwd>
<kwd lng="es"><![CDATA[código país]]></kwd>
<kwd lng="es"><![CDATA[empresa familiar]]></kwd>
<kwd lng="en"><![CDATA[Compliance]]></kwd>
<kwd lng="en"><![CDATA[corporate governance]]></kwd>
<kwd lng="en"><![CDATA[country code]]></kwd>
<kwd lng="en"><![CDATA[family business]]></kwd>
<kwd lng="pt"><![CDATA[Conformidade]]></kwd>
<kwd lng="pt"><![CDATA[governança corporativa]]></kwd>
<kwd lng="pt"><![CDATA[código do país]]></kwd>
<kwd lng="pt"><![CDATA[empresa familiar]]></kwd>
</kwd-group>
</article-meta>
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