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Clustering and Principal Component Analysis for the characterization of corporate governance in family businesses

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Abstract:

Family-origin companies have a fundamental importance in the business fabric and significantly contribute to the Colombian national economy. However, the present study aims to understand the characterization of Corporate Governance in family businesses in the city of Barranquilla. This research establishes the scope of characterizing Corporate Governance in family businesses in Barranquilla. For this purpose, a descriptive methodology is constructed and framed within exploratory information analysis through cluster analysis and Principal Component Analysis. As relevant findings of the research, three profiles were identified in the study population with a Silhouette indicator of 0.496: the first profile has room for improvement in all dimensions due to low consolidation compared to the other profiles; the second profile has strength in good governance and selection policy but opportunities for improvement in other variables; and finally, the third profile has strength in all dimensions. These family businesses must define roles and apply Corporate Governance to achieve stability and understanding of subsystems, impacting the economy and family cohesion.

Tópico:

Business, Innovation, and Economy

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Información de la Fuente:

SCImago Journal & Country Rank
FuenteProcedia Computer Science
Cuartil año de publicaciónNo disponible
Volumen231
IssueNo disponible
Páginas496 - 501
pISSNNo disponible
ISSN1877-0509

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