Continuity and Change in Latin America and Spain
Edited by Paloma Fernández Pérez and Andrea Lluch
Chapter 6: Family capitalism in Argentina: changes and continuity over the course of a century
The aim of this chapter is to analyse the distinctive features and long-term evolution of Argentinian family capitalism in order to compare this case to other historical experiences and contribute to the international debate on family businesses in emerging countries. We investigate the relevance and organizational forms of the largest Argentinian family firms and provide evidence on how to explain their longevity, survival and failures from a long-term perspective. This chapter presents, for the first time, a quantitative evaluation of the significance and characteristics of the largest Argentinian family firms between 1923 and 2010, based on the nominal analysis of a series of rankings available for the 100 largest businesses for ten benchmark years (1923, 1937, 1944, 1954/56, 1970, 1980, 1990, 2004 and 2010), and the subsequent individualization of family-owned firms. This data allows us to evaluate the relevance and role of family firms between the 1920s and the 2000s. In order to analyse these processes, we have combined quantitative and qualitative analysis, using information from case histories, institutional histories, biographical dictionaries and other research relating to large Argentinian business families and Argentinian family firms.
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