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Family businesses: A literature review from an agency perspective

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dc.creatorFerrero M.G.spa
dc.creatorVásquez A.G.spa
dc.creatorBejarano C.P.spa
dc.creatorDávila M.A.T.spa
dc.date.accessioned2020-05-26T00:05:24Z
dc.date.available2020-05-26T00:05:24Z
dc.date.created2010spa
dc.description.abstractThis article presents a comprehensive review of the financial literature consisting of the main studies on family businesses. Focusing on the agency theory*the review describes the main agency problems that arise between managers and owners*between managers and debt holders*and between majority and minority shareholders in a family ownership structure. Three decades of family business articles published in the main financial journals are reviewed. This look at the literature on the topic evidences a field of research that is incipient*little explored in Latin America*for which empirical comparison and contrasting is necessary in order to understand the family ownership structure worldwide. The article ends by proposing a family business research agenda including topics such as financial performance*the role of the heirs*debt structure*the composition of the board of directors*the impact of agency costs on capital costs*and private control benefits.eng
dc.format.mimetypeapplication/pdf
dc.identifier.issn19007205
dc.identifier.issn01203592
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23788
dc.language.isoengspa
dc.relation.citationEndPage33
dc.relation.citationIssueNo. 40
dc.relation.citationStartPage11
dc.relation.citationTitleCuadernos de Administracion
dc.relation.citationVolumeVol. 23
dc.relation.ispartofCuadernos de Administracion, ISSN:19007205, 01203592, Vol.23, No.40 (2010); pp. 11-33spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-78449261357&partnerID=40&md5=43689576fd398b37f7fb152578fd6ec1spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordAgency problemsspa
dc.subject.keywordCorporate governancespa
dc.subject.keywordFamily businessesspa
dc.titleFamily businesses: A literature review from an agency perspectivespa
dc.title.TranslatedTitleEmpresas familiares: Revisión de la literatura desde una perspectiva de agenciaspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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