AN APPROACH TO THE FACTORS THAT INFLUENCE THE OWNERSHIP VISION IN COLOMBIAN FAMILY-OWNED BUSINESSES (Article published in Spanish)

Authors

  • José Bernardo Betancourt Ramírez Investigador en el área de empresa familiar, INALDE Business School, Universidad de la Sabana, Colombia.
  • Gonzalo Gómez Betancourt Director área de Empresa Familiar, Director del Programa de Continuidades, Profesor titular del Área de Política de Empresa, INALDE Business School, Colombia.
  • María Piedad López Vergara Investigadora en el área Empresa Familiar, Profesora de Análisis de Situaciones de Negocios (Edime), INALDE Business School, Universidad de La Sabana, Colombia.

DOI:

https://doi.org/10.1016/S0123-5923(11)70174-7

Keywords:

Vision, strategy, ownership, property, family-owned business

Abstract

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

Download data is not yet available.

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.

Published

2011-09-30

Issue

Section

Research articles

How to Cite

AN APPROACH TO THE FACTORS THAT INFLUENCE THE OWNERSHIP VISION IN COLOMBIAN FAMILY-OWNED BUSINESSES (Article published in Spanish). (2011). Estudios Gerenciales, 120(27), 165-184. https://doi.org/10.1016/S0123-5923(11)70174-7