PUBLICACIONES

Business group characteristics and firm operating performance: Evidence from Chile

ISI: Business group characteristics and firm operating performance: Evidence from Chile

PABLO FARÍAS N.

2014 - Academia Revista Latinoamericana de Administración - Vol. 27, N° 2, Pp. 226 - 235

Abstract

Purpose: The objective of this article is to examine the impact of business group characteristics on firm operating performance in Chile.

Design/methodology/approach: Using a multiple regression model, this study examines the effect of business group characteristics (interlocking of directors, management concentration and business group specialization) on operating performance (ROA growth) in a sample of 104 publicly traded Chilean firms.

Findings: It is documented that, except for interlocking of directors, the two other business group characteristics (management concentration and business group specialization) are significantly related to the operating performance of firms belonging to Chilean business groups. These findings suggest that Chilean business groups would improve or deteriorate the performance of their affiliated firms modifying its characteristics.

Originality/value: Too little is known about the effect of business group characteristics on firm operating performance in Latin American countries such as Chile because there is no research that analyses its impact on firm operating performance in the region.

Keywords

Corporate Governance, Business Groups, Interlocking of Directors, Management Concentration, Business Group Specialization.

¿Quieres seguir leyendo? [Accede a la publicación completa]

¿Cómo los hombres podemos ser aliados en la prevención de la violencia de género?

El martes 26 de mayo, el Observatorio de Gestión de Personas de la Facultad de Economía y negocios de la Universidad de Chile, junto al centro de Desarrollo Gerencial (Unegocios), rea...

¿Se han agotado los Recursos Naturales de Chile?

El 18 de mayo de 2020 Chile se convirtió en el primer país latinoamericano con sobregiro ecológico, es decir, hemos agotado como país los recursos naturales que tenemos ...

Todos los Derechos © 2014 | Departamento de Administración - Facultad de Economía y Negocios - Universidad de Chile - Diagonal Paraguay 257, torre 26, oficina 1101, piso 11, Santiago, Chile.