Science and Technology Production
Book Chapter
Authorship
LLUCH, ANDREA MARI
;
Fernandez Paloma
Date
2025
Publishing House and Editing Place
Routledge
Book
A Business History of Latin America
(pp. 191-215)
Routledge
Routledge
ISBN
9781032522807
Summary
Information provided by the agent in
SIGEVA
The main argument of this chapter is that business families have played a crucial role in the long‑term development of capitalism in Latin America. The question arises, how can we understand their preeminence? In Latin America’s volatile economies, family‑owned businesses with a long‑term approach seem to have a better chance to survive external shocks than other types of non‑family‑controlled companies such as those listed on the stock exchange as their evol...
The main argument of this chapter is that business families have played a crucial role in the long‑term development of capitalism in Latin America. The question arises, how can we understand their preeminence? In Latin America’s volatile economies, family‑owned businesses with a long‑term approach seem to have a better chance to survive external shocks than other types of non‑family‑controlled companies such as those listed on the stock exchange as their evolution appears to depend more on the short‑term interests of shareholders. Furthermore, business families have contributed to the resilience of local cultures and values. However, it is also important to consider whether they have created reputational assets or acted as agents of corruption and backwardness.
Show more
Show less
Key Words
FAMILIAEVOLUCIONAMERICA LATINAEMPRESAS