This article was supported by Project SEJ2005-08805 of Spanish Ministry of Education and Science, Project V069 of Madrid Regional Government and University Rey Juan Carlos and Catedra Iberdrola for Research in Business Management and Organization. The authors thank the participants at the 15th Family Business Network Conference, IFERA Research Forum, the editor, and two anonymous referees for their help with previous versions of this article.
Family Ownership and Pyramids in the Spanish Market
Article first published online: 4 AUG 2007
Family Business Review
Volume 20, Issue 3, pages 247–265, September 2007
How to Cite
Sacristán-Navarro, M. and Gómez-Ansón, S. (2007), Family Ownership and Pyramids in the Spanish Market. Family Business Review, 20: 247–265. doi: 10.1111/j.1741-6248.2007.00100.x
- Issue published online: 4 AUG 2007
- Article first published online: 4 AUG 2007
This aim of this article is to describe, in the Spanish setting, family ownership and to explore how families hold their shares (the use of indirect ownership, pyramids, and cross-shareholdings). It also seeks to describe to what extent cash-flow rights differ from control rights and the degree of the firm's professionalization according to every type of owner category, but especially for families.