Internal control and corporate governance in family businesses: A review of studies and approaches from a Latin American perspective

Huacca-Incacutipa R.; Fernández Argandoña R.A.J.; Valderrama Pérez L.W.M.; Nuñez-Vizcarra A. · Journal of Pharmaceutical Negative Results (2022) · DOI: 10.47750/pnr.2022.13.04.089

Resumen

The study aimed to explore the research and approaches of internal control and corporate governance applied in family businesses in Latin America. For this, a literary review was carried out through the compilation of bibliographic sources of various studies carried out in Peru, Chile, Colombia, Argentina and Ecuador related to the research topic. The results indicate that, if a family business intends to grow and maintain its validity over time, passing on to the following generations, it must develop internal control and corporate governance structures. In conclusion, the study highlights the importance of contributing to the establishment, internal control structures and corporate governance, through different mechanisms, mainly in first and second-generation family businesses, considering the mortality they suffer in different countries. region of.