Family Ownership and Firm Performance evidence from Integrated Latin American Stock Market
Claudio Bonilla, University of Chile. Claudio Müller , University of Chile.
Gonzalo Gómez-Betancourt, INALDE, La Sabana University, Colombia. Jose Bernardo Betancourt Ramirez, INALDE, La Sabana University, Colombia
This research explores the empirical relationship between family ownership and firm performance for companies listed in the Integrated Latin American Market, MILA by its Spanish acronym. Our analysis is based on that family firms have a better performance than non-family and present evidence that Tobin’s Qs are higher for family than for non-family firms.