Micro y pequeñas empresas familiares y no familiares en Latinoamérica: Diferencias en su cultura financiera
DOI:
https://doi.org/10.24275/uam/azc/dcsh/ae/2022v38n97/AguilarPalabras clave:
cultura financiera, micro y pequeña empresa, micro y pequeña empresa familiarResumen
El objetivo del presente artículo es evaluar si la gestión de la cultura financiera es diferente entre las micro y pequeñas empresas (mypes) familiares y no familiares, y medir el impacto de la cultura financiera en la productividad entre los empresarios que dirigen mypes que son familiares y aquellas que no lo son. Se desarrolló una investigación cuantitativa con un instrumento integrado por 57 ítems, el cual se aplicó a 34 163 directores de mypes no familiares y a 7 524 directores de empresas familiares, para un total de 41 687 cuestionarios de 160 zonas geográficas de México, Colombia, Argentina, Perú y Ecuador. A través de una diferencia de medias, los resultados muestran que la cultura financiera es distinta entre las mypes no familiares y familiares, posteriormente, por medio de regresiones lineales, se observa que la gestión financiera es la variable que tiene mayor impacto en la productividad de las empresas.
Clasificación JEL: M21; G00.
Descargas
Citas
Aguilar, O., Peña, N., y Posada, R. (2021). Métodos y resultados generales del estudio de cultura financiera en microempresarios de Latinoamérica. En Carlos Robles Acosta (editor). Cultura financiera en las micro y pequeñas empresas de Latinoamérica Vol. 1, México: McGraw Hill-Interamericana Editores, pp. 1-7.
Anshika, Singla, A., & Mallik, G. (2021). Determinants of financial literacy: Empirical evidence from micro and small enterprises in India. Asia Pacific Management Review, 26(4), 248-255. https://doi.org/10.1016/j.apmrv.2021.03.001
Atkinson, A., & Messy, F.-A. (2012). Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE) Pilot Study (No. 15). OECD Publishing. https://doi.org/10.1787/5k9csfs90fr4-en
Atlas, S. A., Lu, J., Micu, P. D., & Porto, N. (2019). Financial Knowledge, Confidence, Credit Use, and Financial Satisfaction. Journal of Financial Counseling and Planning, 30(2), 175-190. https://doi.org/10.1891/1052-3073.30.2.175
Banco Mundial. (2017). Inclusión financiera. Panorama General. https://www.bancomundial.org/es/topic/financialinclusion/overview#2
Bayrakdaroğlu, A., & Şan, F. B. (2014). Financial Literacy Training as a Strategic Management Tool among Small – Medium Sized Businesses Operating in Turkey. Procedia - Social and Behavioral Sciences, 150, 148-155. https://doi.org/10.1016/j.sbspro.2014.09.019
Brinckmann, J., Salomo, S., & Gemuenden, H. G. (2011). Financial Management Competence of Founding Teams and Growth of New Technology–Based Firms. Entrepreneurship Theory and Practice, 35(2), 217-243. https://doi.org/10.1111/j.1540-6520.2009.00362.x
Emara, N., & El Said, A. (2021). Financial inclusion and economic growth: The role of governance in selected MENA countries. International Review of Economics & Finance, 75, September, 34-54. https://doi.org/10.1016/j.iref.2021.03.014
Erdin, C., & Ozkaya, G. (2020). Contribution of small and medium enterprises to economic development and quality of life in Turkey. Heliyon, 6(2), e03215. https://doi.org/10.1016/j.heliyon.2020.e03215
García-Pérez-de-Lema, D., Ruiz-Palomo, D., & Diéguez-Soto, J. (2021). Analysing the roles of CEO’s financial literacy and financial constraints on Spanish SMEs technological innovation. Technology in Society, 64. February. https://doi.org/10.1016/j.techsoc.2020.101519
Gomes, G., Lélio da Silva, V., Susana da Encarnação, C., & Ratten, V. (2021). Corporate entrepreneurship education’s impact on family business sustainability: A case study in Brazil. International Journal of Management Education, 19(1). https://doi.org/10.1016/j.ijme.2020.100424
Győri, Á., Czakó, Á., & Horzsa, G. (2019). Innovation, Financial Culture, and the Social-Economic Environment of SMEs in Hungary. East European Politics and Societies and Cultures, 33(4), 976–1004. https://doi.org/10.1177/0888325419844828
Harel, R., Schwartz, D., & Kaufmann, D. (2021). The relationship between innovation promotion processes and small business success: the role of managers’ dominance. Review of Managerial Science, 15(7), 1937-1960. https://doi.org/10.1007/s11846-020-00409-w
Hernández-Sampieri, R., Fernández, C., & Baptista, P. (2014). Metodología de la Investigación (6a ed.). McGraw-Hill.
Jawadi, F., Ameur, H. Ben, Bigou, S., & Flageollet, A. (2021). Does the Real Business Cycle Help Forecast the Financial Cycle? Computational Economics. https://doi.org/10.1007/s10614-021-10193-8
Karolyi, G. A. (2016). The gravity of culture for finance. Journal of Corporate Finance, 41, 610-625. https://doi.org/10.1016/j.jcorpfin.2016.07.003
Kettunen, J., Martikainen, M., & Voulgaris, G. (2021). Employment policies in private loss firms: Return to profitability and the role of family CEOs. Journal of Business Research, 135, 373-390. https://doi.org/10.1016/j.jbusres.2021.06.029
Kim, D.-W., Yu, J.-S., & Hassan, M. K. (2018). Financial inclusion and economic growth in OIC countries. Research in International Business and Finance, 43, 1-14. https://doi.org/10.1016/j.ribaf.2017.07.178
Li, Q., Hu, D., & Li, T. (2022). The innovation of family firms in China: New evidence from the China employer-employee survey. China Economic Review, 72, 101754. https://doi.org/10.1016/j.chieco.2022.101754
Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020). Competence, Confidence, and Gender: The Role of Objective and Subjective Financial Knowledge in Household Finance. Journal of Family and Economic Issues, 41(4), 626-638. https://doi.org/10.1007/s10834-020-09678-9
Liu, B., Wang, J., Chan, K. C., & Fung, A. (2021). The impact of entrepreneurs’s financial literacy on innovation within small and medium-sized enterprises. International Small Business Journal: Researching Entrepreneurship, 39(3), 228-246. https://doi.org/10.1177/0266242620959073
Lusardi, A. (2019). Financial literacy and the need for financial education: evidence and implications. Swiss Journal of Economics and Statistics, 155(1). https://doi.org/10.1186/s41937-019-0027-5
Moreno-Menéndez, A. M., & Casillas, J. C. (2021). How do family businesses grow? Differences in growth patterns between family and non-family firms. Journal of Family Business Strategy, 12(3). https://doi.org/10.1016/j.jfbs.2021.100420
Njegomir, V., & Demko-Rihter, J. (2015). The Role and Importance of Insurance of Business and Supply Chain Interruptions. Management - Journal for Theory and Practice of Management, 20(77), 53-60. https://doi.org/10.7595/management.fon.2015.0025
Organización Mundial del Comercio. (2016). Los desafíos de la financiación del comercio. https://www.wto.org/spanish/res_s/booksp_s/tradefinsme_s.pdf
Pallmann, P., Hothorn, L. A., & Djira, G. D. (2014). A Levene-type test of homogeneity of variances against ordered alternatives. Comput Stat, 29, 1593-1608. https://doi.org/10.1007/s00180-014-0508-z
Rai, K., Dua, S., & Yadav, M. (2019). Association of Financial Attitude, Financial Behaviour and Financial Knowledge Towards Financial Literacy: A Structural Equation Modeling Approach. FIIB Business Review, 8(1), 51-60. https://doi.org/10.1177/2319714519826651
Shang, C. (2021). Dare to play with fire? Managerial ability and the use of short-term debt. Journal of Corporate Finance, 70, 102065. https://doi.org/10.1016/j.jcorpfin.2021.102065
Tarka, P., Kukar-Kinney, M., & Harnish, R. J. (2022). Consumers’ personality and compulsive buying behavior: The role of hedonistic shopping experiences and gender in mediating-moderating relationships. Journal of Retailing and Consumer Services, 64. https://doi.org/10.1016/j.jretconser.2021.102802
Vahdat, A., Alizadeh, A., Quach, S., & Hamelin, N. (2021). Would you like to shop via mobile app technology? The technology acceptance model, social factors and purchase intention. Australasian Marketing Journal, 29(2), 187-197. https://doi.org/10.1016/j.ausmj.2020.01.002
Walker, E., & Brown, A. (2004). What Success Factors are Important to Small Business Owners? International Small Business Journal: Researching Entrepreneurship, 22(6), 577-594. https://doi.org/10.1177/0266242604047411
Weber, R. (2021). Embedding futurity in urban governance: Redevelopment schemes and the time value of money. Environment and Planning A: Economy and Space, 53(3), 503-524. https://doi.org/10.1177/0308518X20936686
World Trade Organization. (2016). Trade finance and SMEs. Bridging the gaps in provision (Vol. 1). World Trade Organization. https://www.wto.org/english/res_e/booksp_e/tradefinsme_e.pdf
Yuan, Y., Rong, Z., Xu, N., & Lu, Y. (2021). Credit cards and small business dynamics: Evidence from China. Pacific Basin Finance Journal, 67. https://doi.org/10.1016/j.pacfin.2021.101570
Yue, P., Korkmaz, A. G., Yin, Z., & Zhou, H. (2021). The rise of digital finance: Financial inclusion or debt trap? Finance Research Letters, 102604. https://doi.org/10.1016/j.frl.2021.102604
Zopounidis, C. (1999). Multicriteria decision aid in financial management. European Journal of Operational Research, 119(2), 404-415. https://doi.org/10.1016/S0377-2217(99)00142-3
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
Derechos de autor 2023 Oscar Cuauhtémoc Aguilar
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0.
