IDEAS home Printed from https://ideas.repec.org/a/ibf/riafin/v9y2016i5p15-25.html
   My bibliography  Save this article

The Concept Of Family In The Mexican Culture And Its Impact In The Family Business, Concepto De Familia En La Cultura Mexicana Y Su Impacto En La Empresa Familiar

Author

Listed:
  • Fernando M. Ruiz Díaz
  • Yolanda Saldana Contreras
  • Laura Leticia Gaona Tamez
  • Daniela Guadalupe Jacobo Martínez

Abstract

We live in a global society where the only constant is the transformation of institutions, canons and paradigms in the society. This research shows how, in spite of the changes in the social norms that regulate the individual behavior, the concept of family is still rooted in the Mexican culture. This concept can impact the dynamics and continuity of the family business. We carried out documentary interdisciplinary research. Additionally, a survey was administered to 184 persons with ages varying from 18 to 24 years. The results show that despite the social changes that took place in Mexico, the familiar network still is considerably extensive and complex. The idiosyncrasy that Mexican’s foster respect to family, can impact the family business. The family can exert good influence in the family business. The aim is to manage such influence with the objective of preserving the corporate heritage as well as support and employment of the next generations

Suggested Citation

  • Fernando M. Ruiz Díaz & Yolanda Saldana Contreras & Laura Leticia Gaona Tamez & Daniela Guadalupe Jacobo Martínez, 2016. "The Concept Of Family In The Mexican Culture And Its Impact In The Family Business, Concepto De Familia En La Cultura Mexicana Y Su Impacto En La Empresa Familiar," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(5), pages 15-25.
    • Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:15-25
    as

    Download full text from publisher

    File URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Mexican Idiosyncrasy; Family and Family Business;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:15-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mercedes Jalbert (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.