Sucesión y desempeño de las empresas familiares listadas en la bolsa mexicana de valores

  1. Karen Watkins-Fassler 1
  2. Guadalupe del Carmen Briano-Turrent 2
  1. 1 Universidad Internacional de La Rioja
    info

    Universidad Internacional de La Rioja

    Logroño, España

    ROR https://ror.org/029gnnp81

  2. 2 Universidad Autónoma de San Luis Potosí
    info

    Universidad Autónoma de San Luis Potosí

    San Luis Potosí, México

    ROR https://ror.org/000917t60

Revista:
Contaduría y administración

ISSN: 0186-1042,  2448-8410

Año de publicación: 2019

Título del ejemplar: Especial Gobierno Corporativo

Volumen: 64

Número: 4

Tipo: Artículo

DOI: 10.22201/FCA.24488410E.2020.2235 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Otras publicaciones en: Contaduría y administración

Resumen

Este trabajo analiza el impacto de los reemplazos de los Directores Generales (CEOs) en la rentabilidad de las empresas familiares listadas en la Bolsa Mexicana de Valores, durante el período 2009-2016. Se construye una base de datos de panel, integrada por 69 firmas familiares no financieras. Se encuentra que el desempeño financiero cae significativamente una vez que se da el traspaso del mando, el cual no se recupera del todo en los años posteriores a este cambio. Esto deja de manifiesto debilidades importantes en el proceso de sucesión de las empresas familiares. Se indaga sobre los efectos moderadores y agravantes en la rentabilidad empresarial, de ciertas características de estos nuevos CEOs. Se estudian variables tales como la naturaleza familiar del nuevo CEO, su edad, número de años laborando en la empresa, educación y presencia en redes empresariales. Los hallazgos señalan la conveniencia de contratar CEOs externos a las familias empresarias, que cuenten con extensos vínculos empresariales. La educación y experiencia de los CEOs no tienen injerencia alguna sobre la rentabilidad empresarial, a partir del momento en que se da el traspaso del mando. Esto tiene implicaciones importantes para los planes de sucesión, para incrementar las posibilidades de éxito y sobrevivencia en el tiempo de estas empresas.

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