Governance for Growth: How Corporate Structures Drive Performance in Family and Non-family Firms

Mauro Rodríguez-Marín () and Edgar Rogelio Ramírez-Solís ()
Additional contact information
Mauro Rodríguez-Marín: Tecnologico de Monterrey
Edgar Rogelio Ramírez-Solís: Tecnologico de Monterrey

Chapter 5 in The Expanding Horizons of Business and Management, Volume I, 2026, pp 101-122 from Palgrave Macmillan

Abstract: Abstract This study investigates the impact of corporate governance structures on firm performance in Mexican family-owned and non-family businesses, emphasizing the comparative effectiveness of formal and informal governance mechanisms. Drawing on data from the “Best Mexican Companies” program, the research explores how specific governance features—such as boards of directors, audit committees, and ethics committees—affect organizational outcomes. The findings indicate that non-family firms, which tend to adopt more formalized governance structures, benefit from improved performance and scalability. In contrast, family firms, which often rely on less formal mechanisms, derive performance advantages when they incorporate professional governance practices such as external directors and structured boards. Ethics committees emerged as more prevalent in family firms, reflecting a focus on values and reputation. The analysis reveals that while both firm types benefit from governance, the mechanisms that drive performance differ significantly. A Chi-square test confirms a statistically significant relationship between governance structures and company type, highlighting the need for tailored governance strategies. This study contributes to the corporate governance literature by offering practical insights for optimizing governance in different ownership contexts, particularly within emerging markets like Mexico, where family businesses play a dominant economic role.

Keywords: statistical methods; organizational performance; strategic decisions; succession planning; governance structures; family dynamics; The statistical analysis; ethical standards; technology adoption (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pscchp:978-3-032-26496-1_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9783032264961

DOI: 10.1007/978-3-032-26496-1_5

Access Statistics for this chapter

More chapters in Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().