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The relationship among family business, corporate governance and firm performance: Evidence from the Mexican stock exchange

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  • San Martin-Reyna, J.M.
  • Duran-Encalada, Jorge A.

Abstract

This study aims to examine whether there are differences in performance between family and non-family firms, taking into account the peculiarities of the Mexican corporate governance system. We propose an analysis that allows us to conduct a comprehensive study and comparison between companies with different (i.e., family vs. non-family) ownership structures, distinguished by developed patterns of governance with heterogeneous characteristics. We also analyze the effects on firm performance depending on the degree of ownership concentration. We find that family firms adopt substantially different corporate governance structures to non-family firms. There is some evidence to suggest that these differentials ultimately impact upon firm performance.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Family Business Strategy.

Volume (Year): 3 (2012)
Issue (Month): 2 ()
Pages: 106-117

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Handle: RePEc:eee:fambus:v:3:y:2012:i:2:p:106-117

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Keywords: Firm performance; Family business; Corporate governance;

References

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Cited by:
  1. Goel, Sanjay & Mazzola, Pietro & Phan, Phillip H. & Pieper, Torsten M. & Zachary, Ramona K., 2012. "Strategy, ownership, governance, and socio-psychological perspectives on family businesses from around the world," Journal of Family Business Strategy, Elsevier, vol. 3(2), pages 54-65.
  2. De Massis, Alfredo & Kotlar, Josip & Campopiano, Giovanna & Cassia, Lucio, 2013. "Dispersion of family ownership and the performance of small-to-medium size private family firms," Journal of Family Business Strategy, Elsevier, vol. 4(3), pages 166-175.

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