• Advisors in corporate governance of family firms 

      Trujillo Dávila , María Andrea; González Ferrero, Maximiliano; Guzmán Vásquez, Alexander (Pontificia Universidad Javeriana. Facultad de Ciencias Económicas y Administrativas, 2021-10-15)
      Este estudio examina el impacto de los asesores especializados en la implementación de prácticas de buen gobierno a nivel de empresa y familia. Aplicamos un enfoque cualitativo de estudio de casos en diversas industrias ...
    • Does gender really matter in the boardroom? Evidence from closely held family firms 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pablo, Eduardo; Trujillo Dávila , María Andrea (Springer, 2020)
      In this study, using a unique hand-collected sample of 523 closely held Colombian family firms and 5.094 firm-year observations, with 4907 board members, including 833 female board members, we show that female directors ...
    • 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 ...
    • Governance of family firms 

      Villalonga, Belén; Amit, Raphael; Trujillo Dávila , María Andrea; Guzmán Vásquez, Alexander (Annual Reviews, 2015)
      We review what the financial economics literature has to say about the unique ways in which the following three classic agency problems manifest themselves in family firms: (a) shareholders versus managers, (b) controlling ...
    • Governance, sentiment analysis, and initial public offering underpricing 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Téllez Falla, Diego Fernando; Trujillo Dávila , María Andrea (Wiley-Blackwell Publishing Ltd., 2019-01-28)
      Research Question/Issue What is the relationship between governance, tone in language, and underpricing of initial public offerings (IPOs) in Latin America? Research Findings/Insights We find a positive (negative) and ...
    • Is board turnover driven by performance in family firms? 

      González Ferrero, Maximiliano; Guzmán Vásquez, Alexander; Pablo, Eduardo; Trujillo Dávila , María Andrea (Elsevier Inc., 2019-04)
      We study director turnover as a corporate governance mechanism in family firms; specifically, the effect that family involvement in management, ownership, and control has on director turnover (direct effect) and on director ...
    • 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 ...