The process of professionalization and governance in long lived family-owned companiesadvances and challenges

Resumo

With the objective of understanding the process of professionalization and governance structuring in family-owned companies, a qualitative research was conducted through the means of two case studies in long lasting, large Brazilian family-owned companies. The longitudinal study, conducted for more than seven years, allowed to pinpoint the usage of two governance models by the researched companies, notably the financial and stakeholders models, even if in a hybrid manner. These arrangements have taken into account the necessity of accommodating political and power issues in the families and companies, as well as aspects related to the expectations of the stock market.

Ficha do documento

Tipo

Artigo científico

Ano

2017

Instituição

Revista Espacios

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/25140

Temas

Governança

Palavras-chave

Family firms governanceFamily-owned companiesGovernance processesGovernance structuresProfessionalizationEmpresas familiaresEmpresas - Finanças