Multigenerational family businesses
Keywords:
Multigenerational, family business, long-luved, successful, business, family, ownership, values, principiesAbstract
This document is the research result, in which it was studied different models and theories from authors: Gallo, Amat, Klein, Montemerlo, Tomaselli, Cappuyns, Miller, Le Breton - Miller, Perez Lopez, Ward, Gomez-Betancourt, who defined the key factors that influence on the longevity and success of family businesses. Subsequently, the most relevant factors were analyzed and integrated into the model of multigenerational family businesses, which explains how individuals are influenced by principles and values. While owning families promote the values and principles of the society and the family inside the family business, each system has a purpose that motivates members to belong and achieve the expected results family business has.
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References
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37. PÉREZ- LÓPEZ, Juan. Fundamentos de la dirección de empresas. Madrid: Ediciones Rialp, 1994.
38. PÉREZ- LÓPEZ, Juan. La motivación humana. FHN-245, Nota técnica de la división de investigación del IESE, (Marzo, 1985).
39. PÉREZ- LÓPEZ, Juan. La motivación humana en el trabajo. Barcelona: IESE, 1987.
40. PÉREZ- LÓPEZ, Juan. Teoría de la acción humana en las organizaciones. La acción personal. Madrid: Ed. Rialp, 1991.
41. POZA, Ernesto. Family Business. South-Western College: Cengage, 2010. 42. SCHULZE, William et al. Agency relationships in family firms: theory and evidence. In: Organization Science. Vol. 12, No. 2 (2001); p. 99 -116.
43. SCHULZE, William et al. Toward a Theory of Agency and Altruism in Family Firms. In: Journal of Business Venturing. Vol. 18, No. 4 (2003); p. 473 – 490.
44. SHARMA, P. and NORDVQUIST, M. A typology for capturing the heterogeneity of family firms. In: Academy of Management Proceedings. (2007); p. 1-6.
45. SHLEIFER, Andrei and SUMMERS, Lawrence. Breach of trust in Hostile Takeovers, in Corporate Takeovers: Causes and Consequences. Chicago: University of Chicago Press, 1988. 33- 68 p.
46. SINGERELL, Larry and THORNTON, James. Nepotism, Discrimination, and the Persistence of Utility-Maximizing, Owner-Operated Firms. In: Southern Economic Journal. Vol. 63, No. 4 (1997); p. 904 – 919.
47. TAGIURI, Renato and DAVIS, John. Bivalent attributes of the family firm. In: Family Business review. Vol. 9, No. 2 (1996); p. 199- 208.
48. TANNENBAUM, J. Family Business Index. In: Wall Street Journal, New York: (6, Jun., 1996).
49. WARD, John. Keeping the Family Business Healthy. San Francisco: Jossey - Bass, 1987.
50. WARD, John. Perpetuating the family business: 50 lessons learned from long lasting, successful families in business. New York: Palgrave MacMillan, (2004). 51. WEBBER, Joseph. Family Inc. In: BusinessWeek, In: (10, nov., 2003).
2. ALLOUCHE, José and AMANN, Bruno. Le retour triomphant du capitalisme familial?. In: L’Expansion Management Review, Vol. 85, (1997); p. 92 – 99.
3. ALLOUCHE, José et al. The impact of family control on the performance and financial characteristics of family versus non family business in Japan: A matched-pair investigation. In: Family Business Review. Vol. 21, (2008); p. 315 – 329.
4. ASTRACHAN, Joseph and ALLEN, I. and SPINELLI, S. MassMutual Financial Group and Raymond Institute. American Family Business Survey. 2003.
5. BELAUSTEGUIGOITIA, Imanol. Empresas familiares: su dinámica, equilibrio y consolidación. Ciudad de Mexico: McGravy Hill, 2004.
6. BORNSTEIN, Paul. All in the family. In: Forbes, New York: (29, Ago. 1983); p. 152 -153
7. CAREY, Melissa. and ASTRACHAN, Joseph. Myths and Realities: Family Businesses’ Contribution to the U.S. Economy – A Framework for Assessing Family Business Statistics. In: Family Business Review. Vol. 9, No. 2 (1996); p. 107 – 119.
8. CHU, Wenyi. Family ownership and firm performance: Influence of family management, family control and firm size. In: Asia Pacific Journal of Management. Vol.28, No. 4 (2011); p. 833 – 851.
9. CHU, Wenyi. The influence of family ownership on SME performance: Evidence from Taiwan. In: Small Business Economics. Vol. 33 (2009); p. 353 -373.
10. DAVIS, John; HAMPTON, Marion and LANSBERG, Ivan. Generations to Generations: Life Cycles of Family Business. Boston: Harvard Business School Press, 1997.
11. DEMSETZ, Harold. The Structure of Ownership and the Theory of the Firm. In: Journal of Law and Economics. Vol. 26, No. 2 (1983); p.375-390.
12. FILATOCHEV, Igor; LIEN, Yung-Chih and PIESSE, Jenifer. Corporate governance and performance in publicly listed, familycontrolled firms; Evidence from Taiwan. In: Asia Pacific Journal of Management. Vol. 22 (2005); p. 257 – 283.
13. Forbes. (1995, 22, may., 1995)
14. GAITÁN, Andrés y CASTRO José. Superintendencia de sociedades: sociedades de familia en Colombia, (2001).
15. GALLO, Miguel Ángel y AMAT, Joan. Los secretos de las empresas familiares centenarias. Barcelona: Deusto, 2003. 228 p.
16. GALLO, Miguel Ángel et al. La empresa familiar multigeneracional. Barcelona: EUNSA - Ediciones Universidad de Navarra, 2009. 136 p.
17. GALLO, Miguel Ángel y VILASECA, Álvaro. Finance in Family Business. In: Family Business Review. Vol. 9, No. 4 (Dec. 1996); p. 387 – 401.
18. GÓMEZ, Gonzalo.¿Cómo construir un legado familiar? Un modelo para tener familias empresarias perdurables. Bogotá: Cengage Learning, 2010. 155 p.
19. GÓMEZ, Gonzalo; LÓPEZ, María y BETANCOURT, José. Estudio exploratorio sobre la influencia de la visión familiar y la visión patrimonial en el crecimiento en ventas de la empresa familiar colombiana. En: Cuadernos de Administración – Pontificia Universidad Javeriana. Vol. 22, No. 39 (2009); p. 163-190.
20. GÓMEZ, Gonzalo; LÓPEZ, María; BETANCOURT, Jose y MILLÁN, Javier. Estudio sobre el desempeño de las empresas familiares colombianas que cotizan en la bolsa de valores, frente a las empresas no familiares. En: Entramado. Vol. 8, No. 1 (2012); p. 28-42.
21. Instituto de la Empresa Familiar. Importancia de las empresas familiares en el mundo. En: Instituto de la empresa familiar. [en línea]. 2005. [consultado 2 Ago. 2012]. Disponible en <www. iefamiliar. conVempresafanVdatos.asp>
22. JOHNSTON, Sheelah. The family business: statistics, profiles, and peculiarities. En: Manila Bulletin. [en línea]. 2004. [consultado 3 Ago. 2012]. Dispobible en: <http://www.dlsu.edu.ph/research/ centers/cberd/pdf/papers/2004/The_Family_Business.pdf>
23. KANG, David. Family Ownership and Performance in Public Corporations: A Study of the U.S. Fortune 50, 1982 - 1994. In: Harvard Business School, (2000).
24. KANG, David: The impact of Ownership Type on Organizations Performance. In: Harvard University, (1996).
25. KLEIMAN, R. An index of Controlled Publicly Traded Companies: Comparison of Performance Relative to Traditional Indices. In: Frontiers of Entrepreneurial Research, (1996).
26. LANSBERG, Ivan. Succeeding Generations: Realizing the Dream of Families in Business. Boston: Harvard Business School Press, 1999.
27. LEACH, P.; BALL, B. and DUNCAN, G. Guide to the Family Business. Ontario: Carswell Thomson Professional Publishing, 2000.
28. LEE, Jim. The effects of family ownership and management on firm performance. In: S.A.M. Advanced Management Journal. Vol. 69, No. 4 (2004); p. 46 -52.
29. LEECH, Dennis and LEAHY, John. Ownership Structure, Control Type Classifications and the Performance of large British companies. In: Economic Journal. Vol. 101, No. 409 (1991); p. 1418 – 1437.
30. MACKEI, Robin. Family Ownership and Business Survival. In: Business History. Vol. 43, No. 3 (2001); p. 1-32.
31. MARTINEZ, Joan; STOHR, Bernhard and Q U I R O G A , Bernardo. (2010). Family Ownership and Firm Performance: Evidence from Public Companies in Chile. In: Family Business Review. Vol.20, No. 2 (2007); p. 83 – 94.
32. MCCONAUGHY, Daniel; MATTHEWS, Charles and FIALKO, Anne. Founding Family Controlled Firms: Performance, Risk and Value. In: Journal of Small Business Management. Vol. 39, No. 1 (2001); p. 31 -49.
33. MILLER, Danny and LE BRETON-MILLER Isabelle. Managing for the long run: Lessons in competitive advantage from great family businesses. New York: Harvard Business Press, 2005. 310 p.
34. MILLER, Danny; STEIER, Lloyd. and LE BRETON-MILLER Isabelle. Lost in time: Patterns of Intergenerational Succession in Family Business. In: Journal of Business Venturing. Vol.18, No.4 (2003); p. 513 – 531.
35. ODDO Generation. (Jun, 1996).
36. O’HARA, W.; MANDEL, P. and GUNASTI, J. The world’s oldest family companies: One hundred lessons in endurance from 17 countries. In: Family Business the guide for family companies. [en línea]. (2002). [consultado 6 ago. 2012]. Disponible en: <www. griequity.com/resources/industryandissues/familybusiness/ oldestinworld.html.>
37. PÉREZ- LÓPEZ, Juan. Fundamentos de la dirección de empresas. Madrid: Ediciones Rialp, 1994.
38. PÉREZ- LÓPEZ, Juan. La motivación humana. FHN-245, Nota técnica de la división de investigación del IESE, (Marzo, 1985).
39. PÉREZ- LÓPEZ, Juan. La motivación humana en el trabajo. Barcelona: IESE, 1987.
40. PÉREZ- LÓPEZ, Juan. Teoría de la acción humana en las organizaciones. La acción personal. Madrid: Ed. Rialp, 1991.
41. POZA, Ernesto. Family Business. South-Western College: Cengage, 2010. 42. SCHULZE, William et al. Agency relationships in family firms: theory and evidence. In: Organization Science. Vol. 12, No. 2 (2001); p. 99 -116.
43. SCHULZE, William et al. Toward a Theory of Agency and Altruism in Family Firms. In: Journal of Business Venturing. Vol. 18, No. 4 (2003); p. 473 – 490.
44. SHARMA, P. and NORDVQUIST, M. A typology for capturing the heterogeneity of family firms. In: Academy of Management Proceedings. (2007); p. 1-6.
45. SHLEIFER, Andrei and SUMMERS, Lawrence. Breach of trust in Hostile Takeovers, in Corporate Takeovers: Causes and Consequences. Chicago: University of Chicago Press, 1988. 33- 68 p.
46. SINGERELL, Larry and THORNTON, James. Nepotism, Discrimination, and the Persistence of Utility-Maximizing, Owner-Operated Firms. In: Southern Economic Journal. Vol. 63, No. 4 (1997); p. 904 – 919.
47. TAGIURI, Renato and DAVIS, John. Bivalent attributes of the family firm. In: Family Business review. Vol. 9, No. 2 (1996); p. 199- 208.
48. TANNENBAUM, J. Family Business Index. In: Wall Street Journal, New York: (6, Jun., 1996).
49. WARD, John. Keeping the Family Business Healthy. San Francisco: Jossey - Bass, 1987.
50. WARD, John. Perpetuating the family business: 50 lessons learned from long lasting, successful families in business. New York: Palgrave MacMillan, (2004). 51. WEBBER, Joseph. Family Inc. In: BusinessWeek, In: (10, nov., 2003).
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2017-06-30
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Multigenerational family businesses. (2017). Entramado, 8(2), 38-49. https://revistas.unilibre.edu.co/index.php/entramado/article/view/3426
