In this chapter, we will deal with the level of involvement in family firms. At the end of this section we will provide the reader with measures from a dataset of Mexico’s largest firms in 2015 as listed in Expansion 500. This data was complemented with several hand-collected measures and it describes:
- A)Type of firm (state-owned, domestic or multinational subsidiary)
- B)Level of family involvement (ownership, boards, and management)
- C)ROE (average measure) for 2015 to 2017
Family Firms
Family enterprises are the most prevalent form of business organizations. They represent 90 percent of worldwide firms and employ 60 percent of the global workforce (Gedajlovic et al. 2012; Neckebrouck, Schulze, and Zellweger 2018). ...
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