• Family firms and debt : risk aversion versus risk of losing control 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pombo Vejarano, Carlos; Trujillo Dávila , María Andrea (Elsevier Inc., 2013-11)
      This study examines the effect of family management, ownership, and control on capital structure for 523 Colombian firms between 1996 and 2006. The study finds that debt levels tend to be lower for younger firms when the ...
    • Family firms and financial performance : the cost of growing 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pombo Vejarano, Carlos; Trujillo Dávila , María Andrea (Elsevier BV, 2012-12)
      This study examines the relationship between financial performance and family involvement for 523 listed and non-listed Colombian firms over 1996–2006. Using a detailed database and performing several panel data regression ...
    • Family involvement and dividend policy in closely held firms 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pombo Vejarano, Carlos; Trujillo Dávila , María Andrea (Sage Publications Inc, 2014-06-11)
      This article examines the effects of family involvement on dividend policy in closely held firms that face agency problems involving majority?minority shareholders. We argue that minority shareholders press for dividends ...
    • Revisión de la literatura de empresas familiares : una perspectiva financiera 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pombo Vejarano, Carlos; Trujillo Dávila , María Andrea (Consejo Latinoamericano de Escuelas de Administración, 2011)
      Las empresas familiares son la estructura organizacional más difundida en el mundo inclusive en las economías más desarrolladas. Por ello, siempre han sido un objeto de estudio interesante para las distintas áreas de la ...
    • The role of family involvement on CEO turnover : evidence from colombian family firms 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pombo Vejarano, Carlos; Trujillo Dávila , María Andrea (Wiley-Blackwell Publishing Ltd, 2015)
      Manuscript Type Empirical Research Question/Issue We analyze CEO turnover in closely held firms with some level of ownership dispersion in a context of low investor protection. In particular, we examine the impact of ...