Abstract

MOLINA PARRA, Paula Andrea; MONTOYA RESTREPO, Iván Alonso  and  BOTERO BOTERO, Sergio. Impact of the influence family in businesses on the financial management process and value generation in the textile-clothing sector in Medellin and its Metropolitan Area, Colombia. Contad. Adm [online]. 2020, vol.65, n.4, 00003.  Epub Sep 13, 2021. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2020.2092.

The purpose of this research was to measure the impact of the family influence on the financial management process and value generation in the textile-clothing sector in the Medellin metropolitan area. The former was measured with an advanced multivariate statistical method, canonical correlation, and the latter was measured with multiple regression, in a probabilistic sample of 100 companies. It was found that family-ownership had a positive impact on financial planning, financial control, investment decisions, working capital management and financing decisions. The impact on EVA was also positive, but weak.

Keywords : M10; L21; G32; Family businesses; Financial management; Value generation; Family influence.

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