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Propiedad y gobierno: la empresa familiar

Author

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  • Carmen Galve Górriz

    (Universidad de Zaragoza)

Abstract

From a restrictive definition of family firm (ownership and control in hands of a family and a vocation of continuity to future generations), this paper analyses the benefits and costs of the family as governance structure, paying attention to shareholders concentration and to the level of professional executives in the firm. The institutional overlap between the family and the firm lead to specific conflicts whose solution requires the introduction of several instruments and specific governance mechanisms of the family firm.

Suggested Citation

  • Carmen Galve Górriz, 2002. "Propiedad y gobierno: la empresa familiar," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 50(02), pages 158-181.
    • Handle: RePEc:ekz:ekonoz:2002207
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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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