AN APPROACH TO THE FACTORS THAT INFLUENCE THE OWNERSHIP VISION IN COLOMBIAN FAMILY-OWNED BUSINESSES (Article published in Spanish)
DOI:
https://doi.org/10.1016/S0123-5923(11)70174-7Keywords:
Vision, strategy, ownership, property, family-owned businessAbstract
The objective of this exploratory research was to identify factors that influence the ownership vision of Colombian family-owned business, in other words, the purpose of ownership in the families. The initial research model theoretically established that there are different combinations of these factors that influence ownership vision. A well-structured questionnaire was applied to 32 companies of different sizes, generations, and sectors. A factorial and multiple linear regression analysis was performed which indicated an influence of: 1) a percentage of family managers (family factor); 2) the total number of family members (family factor); and 3) the return on equity (wealth factor).
Downloads
References
Anderson, R. y Reeb, D. (2003). Founding-Family Ownership and Firm Performance: Evidence from the S&P 500. Journal of Finance, 58(3), 1301-1327.
Andrews, R. (1971). The Concept Of Corporate Strategy. New York, NY: Dow Jones-Irwin.
Aronoff, C.E. (1998). Megatrends in family business. Family Business Review, 11(3), 181-185.
Bird, B., Welch, H., Astrachan, J.H. y Pistrui D. (2002). Family Business Research: The Evolution of an Academic Field. Family Business Review, 15(4), 337-350.
Birley, R. (1986). Succession in the family firm: The inheritor's view. Journal of Small Business Management, 24(3), 36-43.
Christenson, C. (1976). Concepts, Theory, and Techniques: Proposal for a program of empirical research into the properties of triangles. Decision Sciences, 7(4),631-648.
Chua, J., Chrisman, J. y Sharma, P. (1999). Defining family business by behavior. Entrepreneurship Theory and Practice, 23(4), 19-39.
Covin, T.J. (1994). Profiling preference for employment in family owned firms. Family Business Review, 7(3), 287-296.
Daily, C. y Dollinger, M. (1993). Alternative methodologies for identifying familyversus nonfamilymanaged businesses. Journal of Small Business Management, 31(2),79-90.
Daily, C. y Tompson, S. (1994). Ownership Structure, Strategic Posture, and Firm Growth: An Empirical Examination. Family Business Review, 7(3), 237-249.
Davis, J. y Tagiuri R. (1982). Bivalent Attributes of a Family Firm. En C.E. Aronoff y J.L. Ward (Eds.), Family Business Sourcebook (pp. 62-74). Detroit, MI: Omnigraphics.
Davis, J. y Tagiuri, R. (1989). The influence of life stage on father-son work relationships in family companies. Family Business Review, 2(1), 47-74.
Davis, P. y Stern, D. (1980). Adaptation, survival, and growth of the family business: An Integrated Systems Perspective. Human Relations, 34(4), 207-224.
Donckels, R. y Frohlich, E. (1991). Are family business really different? European experiences from STRATOS. Family Business Review , 4(2), 149-160.
Eisenhardt, K.M. (1991). Better stories and better constructs: The case for rigor and comparative logic. Academy of Management Review, 16(3), 620-627.
Gallo, M.A. (1995). La Empresa Familiar. Textos y Casos. Barcelona: Estudios y ediciones IESE, S. L.
Gallo, M.A. (2001). La Empresa Familiar 7. Consejos de Administración. Barcelona: Estudios y ediciones IESE, S. L.
Gallo, M.A. y Estapé, M.J. (1993). La empresa familiar entre las 1.000 mayores empresas de España. La Empresa Familiar 4. Barcelona: Estudios y Ediciones IESE.
Gersick, C. (1991). Revolutionary change theories: A multilevel exploration of the punctuated equilibrium paradigm. Academy of Management Review, 16(1), 10-36.
Gersick, K., Davis, J.,McCollom, M. y Lansberg, I. (1997). Generation to generation: Life cycles of the family business. Boston, MA: Harvard Business School Press.
Gersick, K., Landsberg, I., Desjardins M. y Dunn B. (1999). Stages and Transitions: Managing Change in the Family Business. Family Business Review, 4(12), 287-297.
Gómez, G. (2000). Tipologías de Empresas Familiares: un marco conceptual basado en los factores de la dirección estratégica y la confianza. Tesis doctoral no publicada, IESE, Universidad de Navarra, Navarra, España.
Gómez, G. (2005). ¿Son iguales todas las empresas familiares? Caminos por recorrer. Barcelona: Granica.
Gómez, G., López, M.P. y Betancourt, J.B. (2008). Estudio exploratorio de los factores que influyen en la selección de un mecanismo de sucesión patrimonial en las empresas familiares colombianas. Cuadernos de Administración, 21(37), 269-292.
Gómez, G., López, M.P. y Betancourt, J.B. (2009). Estudio exploratorio sobre la influencia de la visión familiar y la visión patrimonial en el crecimiento en ventas de la empresa familiar colombiana. Cuadernos de Administración, 22(39), 163-190.
Gugler, K. (Ed.). (2001). Corporate governance and economic performance. Oxford, UK: Oxford University Press.
Habbershon, T. y Pistrui, J. (2002). Enterprising families domain: family-influenced ownership groups in pursuit of transgenerational wealth. Family Business Review, 15(3), 223-237.
Harris, D., Martinez, J.L. y Ward, J.L. (1994). Is strategy different for the family owned businesses? Family Business Review, 7(2), 159-174.
Jaffe, D.T. y Lane, S.H. (2004). Sustaining a Family Dynasty: Key Issues Facing Complex Multigenerational Businessand Investment-Owning Families. Family Business Review, 17(1), 81-98.
Jussila, I. (2006). A Framework for Analyzing Managers' Self-serving and Cooperative Behaviors. Documento presentado en la North American Management Society Conference (NAMS), Chicago, Estados Unidos.
Karlsson, N. y Koiranen M. (2003). Yes, I am an owner so what? Exploring the dimensions of ownership. Recuperado el 10 de agosto de 2010, de Frontiers of Entrepreneurship Research, Babson College: http://www.babson.edu/entrep/fer/BABSON2003/XXI/XXI-S3/XXI-S3.html
King, S.W., Solomon, G.T. y Fernald, L.W. (2001). Issues in growing a family business: A strategic human resource model. Journal of Small Business Management, 39(1), 3-13.
Lansberg, I. (1999). Succeeding generations: Realizing the dream of families in business. Boston, MA: Harvard Business School Press.
Le Breton-Miller, I. y Miller, D. (2006). Why Do Some Family Businesses Outcompete? Governance, Long-Term Orientations, and Sustainability Capability. Entrepreneurship Theory and Practice, 30(6), 731-746.
Leach, D. y Leahy, J. (1991). Ownership structures, control and the performance of large British companies. Economic Journal, 101(409), 1418-1437.
Lozano, M. (2006). La relación intrafamiliar en entornos empresariales. Incursión a un modelo de diagnóstico. Estudios Gerenciales, 22(100), 125-151. Recuperado de https://dspace.icesi.edu.co/biblioteca_digital/bitstream/item/993/1/relacion_intrafamiliar_empresariales.PDF
Lozano, M. y Urbano, D. (2008). La vinculación de descendientes a la empresa familiar. Un estudio de casos colombianos. Estudios Gerenciales, 24(109), 37-63. Recuperado de http://bibliotecadigital.icesi.edu.co/biblioteca_digital/bitstream/item/1851/1/2vinculacion_descendientes.pdf
Lussier, R.N. (1995). A non financial business success versus failure prediction model for young firms. Journal of Small Business Management, 33(1), 8-20.
Moores, K.J. y Barrett, M. (2003). Learning family business: Paradox and pathways. Londres: Ashgate Publishing.
Neubauer, F. y Lank, A.G. (1998). The family business: Its governance for sustainability. Londres: Macmillan Press.
Porter, M.E. (2008). Las cinco fuerzas competitivas que le dan forma a la estrategia. Harvard Business Review, 86(1), 58-77.
Ricart, J.E. y Vilá, J. (1991). Estrategia y Niveles de Estrategia. DGN-434. Barcelona: IESE.
Román, R.E. (2009). Una perspectiva heterodoxa sugerida para el estudio: de las empresas familiares en Colombia. Estudios Gerenciales, 25(112), 101-129. Recuperado de http://bibliotecadigital.icesi.edu.co/biblioteca_digital/bitstream/item/2099/1/5Perspectiva_heterodoxa.pdf
Sacristán-Navarro, M. y Gómez-Ansón, S. (2007). Family Ownership and Pyramids in the Spanish Market. Family Business Review, 20(3), 247-265.
Sharma, P. (2004). An overview of family business studies: Current status and directions for the future. Family Business Review, 17(1), 1-36.
Sharma, P., Chrisman, J.J. y Chua, J.H. (1997). Strategic management of the family business: Past research and future challenges. Family Business Review, 10(1), 1-35.
Shleifer, A. y Vishny, R.W. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737-784.
Sorenson, R.L. (2000). Planning for family and financial success in family businesses. Family Business Review, 13(2), 133-142.
Tagiuri, R. y Davis, J.A. (1996). Bivalent attributes on the family businesses. Family Business Review, 9(2), 199-208.
Thomas, J. (2002). Freeing the Shackles of Family Business Ownership. Family Business Review, 15(4), 321-336.
Triandis, H.C. (1995). Individualism and collectivism. Boulder, CO: Westview Press.
Ward, J.L. (2004). Perpetuating The Family Business: 50 Lessons Learned from Long Lasting, Successful Families in Business. Londres: Palgrave Macmillan.
Ward, J.L. (2006). El éxito en los negocios de familia. Bogotá: Norma.
Ward, J.L. y Dolan, C. (1998). Defining and Describing Family Business Ownership Configurations. Family Business Review, 11(4), 305-310.
Westhead, P. y Cowling, M. (1998). Family Firm Research: The Need for a Methodological Rethink. Entrepreneurship: Theory and Practice, 23(1), 31-57.
Zahra, S.A. y Sharma, P. (2004). Family Business Research: A Strategic Reflection. Family Business Review, 17(4), 331-346.
Downloads
Published
Issue
Section
License
Articles are the sole responsibility of their authors, and will not compromise Icesi’s University principles or policies nor those of the Editorial Board of the journal Estudios Gerenciales. Authors authorize and accept the transfer of all rights to the journal, both for its print and electronic publication. After an article is published, it may be reproduced without previous permission of the author or the journal but the author(s), year, title, volume, number and range of pages of the publication must be mentioned. In addition, Estudios Gerenciales must be mentioned as the source (please, refrain from using Revista Estudios Gerenciales).