Family Ownership and Firm Performance in Chile: A Note on Martinez et al.'s Evidence

dc.contributor.author	Bonilla, Claudio A
dc.contributor.author	Sepulveda, Jean
dc.contributor.author	Carvajal, Mariela
dc.date.accessioned	2021-10-15T15:11:49Z
dc.date.available	2021-10-15T15:11:49Z
dc.date.issued	2010
dc.description.abstract	The authors revisit the evidence presented in Martinez et al. using new data and estimation techniques that take into account unobserved firm heterogeneity. The results of the earlier study are found to be robust to the new procedures because performance of family-controlled firms continues to be superior to that of nonfamily firms. The authors then add the risk dimension to the earlier analysis using a risk-adjusted return on assets (ROA) variable, and family-controlled firms again performed better. A test of the standard deviations of ROA for both firm categories revealed that family-controlled firms not only perform better but also show less volatility in their returns.	es
dc.identifier.citation	Family Business Review 23(2) 148-154	es
dc.identifier.uri	https://doi.org/10.1177/089448651002300204	es
dc.identifier.uri	http://hdl.handle.net/11447/4845
dc.language.iso	en	es
dc.subject	family-controlled firms	es
dc.subject	performance	es
dc.subject	ROA	es
dc.subject	risk	es
dc.subject	returns volatility	es
dc.title	Family Ownership and Firm Performance in Chile: A Note on Martinez et al.'s Evidence	es
dc.type	Article	es

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