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Evolution of Family Business

Evolution of Family Business

Continuity and Change in Latin America and Spain

Edited by Paloma Fernández Pérez and Andrea Lluch

Family businesses are everywhere, but there is little information regarding their growth and development. This book is one of the few to analyse the identity and evolution of the largest family businesses in Latin America and Spain. With contributions from 20 scholars from 12 different countries, the book compares the relationship of families in business within their national economies, foreign capital, migration, and politics. The authors deny the existence of a ‘Latin type’ of family capitalism in their countries, and highlight diversity, and national and regional differences.

Chapter 12: Large entrepreneurial families in Chile: their characteristics and contribution to the country, 1830–2012

Jon Mart'nez Echezárraga

Subjects: business and management, family business, organisation studies


The aim of this chapter is to highlight the contribution that entrepreneurs and their families have made to economic development in Chile since its beginnings as an independent nation. It focuses especially on large entrepreneurial families – large in terms of equity – and their relevance as significant players in the economic life of the country. Although information on the nineteenth century is included, gathered from various sources, the main focus is on the twentieth century and the start of the twenty-first, this being the more relevant historical period for the purpose of this book. This work makes no attempt to be a detailed nor exhaustive account of the contribution of entrepreneurial families to the economic history of independent Chile. Instead, it gives priority to identifying the broad tendencies and the players involved rather than a precise telling of events. Furthermore, the author offers his own interpretation to explain the evolution and development of Chilean entrepreneurial families during the years of the analysis. It is quite possible that other authors have a different interpretation of the processes under study. As one of the conclusions of this chapter is that there is an apparent link between the economic environment and the development of entrepreneurial families in Chile, we begin by describing the economic situation in Chile since the beginnings of its republican life, around 1830, to the present day in the twenty-first century.

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