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Análisis Empírico De Las Diferencias De Eficiencia Entre Las Empresas Familiares Y Las No Familiares /

Author

Listed:
  • García de la Borbolla Fernández, A.

    () (Universidad de Cádiz (España))

  • Herrera Madueño, J.

    () (Universidad de Cádiz (España))

  • Larrán Jorge, M.

    () (Universidad de Cádiz (España))

  • Sánchez Gardey, G.

    () (Universidad de Cádiz (España))

  • Suárez Lloréns, A.

    () (Universidad de Cádiz (España))

Abstract

Este trabajo plantea un análisis empírico de las diferencias de eficiencia entre las empresas familiares y no familiares, medida a través de tres indicadores subrogados (rentabilidad financiera, rentabilidad económica y margen de explotación). El estudio empírico, desarrollado sobre una muestra de 765 empresas andaluzas, no permite contrastar ninguna de las hipótesis alternativas planteadas desde las teorías de la Agencia y de los Costes de Transacción sobre la superior o inferior eficiencia de las empresas familiares, mostrándose una clara situación de independencia entre esta característica y cada una de las medidas de eficiencia seleccionadas. / This paper analyses differences of efficiency between family and non family controlled firms. To measure efficiency three subrogate variables have been defined (financial profitability, economic profitability and margin profitability). The empirical study, developed on a sample of 765 andalusian firms do not verify any of the hypothesis extracted from Agency and Transaction Costs theories. On the other hand, data show clearly that family ownership and efficiency are independent variables.

Suggested Citation

  • García de la Borbolla Fernández, A. & Herrera Madueño, J. & Larrán Jorge, M. & Sánchez Gardey, G. & Suárez Lloréns, A., 2007. "Análisis Empírico De Las Diferencias De Eficiencia Entre Las Empresas Familiares Y Las No Familiares /," Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 13(1), pages 103-116.
  • Handle: RePEc:idi:jiedee:v:13:y:2007:i:1:p:103-116
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