Evolution of Family Business
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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.
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Chapter 9: Large family businesses in Honduras: the influence of State intervention and immigration in the twentieth century

Allan Discua Cruz, Concepción Ramos Rodas, Claudia Raudales and Lourdes Fortín


This chapter focuses on the origin and development of large family business in Honduras throughout the twentieth century. While family businesses have dominated the economic landscape in Honduras, little research has been conducted on how and why large family businesses developed in Honduras. Prior research advocates that this is due to lack of appropriate definitions and reliance on theories developed in culturally different contexts (Discua Cruz, 2010; Discua Cruz and Howorth, 2008). To advance understanding this chapter defines family business using broad criteria, including the participation and influence of family members in the control and development of a family firm over time (Chrisman et al., 2005). Defined historical periods in Honduras in the twentieth century are used to pinpoint exogenous and endogenous aspects that influenced the emergence and growth of family businesses (Amaya, 2006, 2011; Barahona, 2005; Becerra, 2011; D’Ans, 2011). To complement existing historical evidence this study relies on interviews with members of families that founded and/or control large family businesses in Honduras. The contribution of this chapter is identifying that State interventions, related to development paradigms (Ocampo, 2008; Ocampo and Ros, 2011) and immigration (Sánchez Alonso, 2007) are closely linked to the development of large family business in Honduras in the twentieth century.

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