Document
type: Class

Continuant
type: Class

Entity
type: Class

Generically Dependent Continuant
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individual
rights: termsOfUse
date: 2026-08-28T02:05:40
publisher: vivo
type: Document
label: RDF description of Performance and abilities of family-member ceos in a context of formal institutional weakness [Desempeño y habilidades de los directores generales familiares en un contexto de debilidad de las instituciones formales] - http://orbis.uaslp.mx/vivo/individual/scopus6089

Article
type: Class

Trimestre Economico
type: Generically Dependent Continuant
type: Entity
type: Collection
type: Journal
type: Continuant
type: Document
type: Information Content Entity
publication venue for: scopus6089
type: Periodical
type: Thing

scopus6089
related by: authorship_39121
type: Continuant
has publication venue: Trimestre Economico
type: Document
freetext keyword: Family business; Financial performance; Institutional theory; Managerial competence; Mexico. jel codes: G32, G34
date time value: article date 6090
page end: 219
accesstype: All Open Access, Gold, Green
most specific type: Document
issue: 341
origen: scopus
label: Performance and abilities of family-member ceos in a context of formal institutional weakness [Desempeño y habilidades de los directores generales familiares en un contexto de debilidad de las instituciones formales]
type: Thing
type: Generically Dependent Continuant
e iscopus: 2-s2.0-85063073354
type: Article
abstract: Background: From the perspective of institutional theory, this paper studies the relation between the abilities of family-member ceos and the financial performance of listed family companies, in a setting of formal institutional weakness. Methodology: The study sample is composed of non-financial family firms listed in the Mexican Stock Exchange during the 2001-2014 period. Econometric analysis is attained through linear models for panel data, estimated by ordinary least squares (ols). To take into account endogeneity concerns, regressions are run through the generalized method of moments (gmm). Results: The results obtained indicate that better corporate financial outcomes are achieved with external ceos than with family-member ceos, even when their abilities, in terms of experience and academic background, are similar. The inverse relation found between family-member ceos and financial performance was moderated when the ceos had a high business-related academic background, thus acquiring the skills and greater perspective needed to cope with the higher transaction costs and increased business risks present in environments of formal institutional weakness as is the case in Mexico. Conclusions: In a context of formal institutional weakness, investment in business-related higher education —of high quality, and in one’s own country— is a good long-term strategy for family businesses that wish to promote a family-member ceo. © 2019 Fondo de Cultura Economica. All Rights Reserved.
page start: 179
volume: 86
type: Entity
doi: 10.20430/ete.v86i341.657
type: Information Content Entity
estado: published
most specific type: Article
related by: authorship_39122
crisid: 6090
related by: authorship_39123

Information Content Entity
type: Class