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The authors express gratitude to the UCM-Cofares Research Chair, INBOTS project H2020 and ISDI for its financial support as well as to Spanish Ministry of Economy RTI2018-100823-B-I00 and Research Group Estrategias de Crecimiento Empresarial (940376).

Analysis of institutional authors

Blanco, MrCorresponding Author
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Article

Family firm CEOs: human capital and career success

Publicated to:Academia-Revista Latinoamericana De Administracion. 34 (2): 270-293 - 2021-06-29 34(2), DOI: 10.1108/ARLA-04-2020-0081

Authors: Blanco, MR; Sastre-Castillo, MA; Montoro-Sanchez, MA

Affiliations

Univ Complutense Madrid, Fac Comercio & Turismo, Madrid, Spain - Author
Univ Complutense Madrid, Inst Complutense Estudios Int, Madrid, Spain - Author
Univ Rey Juan Carlos, Fac Ciencias Jurid & Sociales, Madrid, Spain - Author

Abstract

PurposeThis article explores the influence of education and experience on the time to the top in family and non-family CEOs who work for Latin American family firms.Design/methodology/approachIn order to achieve these objectives, this study draws upon human capital theory as well as career and family firm literature. The careers of 129 CEOs of family firms who form part of the America Economia ranking were analyzed and quantitative methods were used.FindingsIn Latin American family firms, family CEOs reach the top faster than their non-family counterparts. In addition, the influence of human capital variables on the way to the top differs between the two groups. For family CEOs, obtaining a graduate degree delays the way to the top, while for non-family ones, it reduces the time to the top. As regards experience, for promoted family CEOs, the greater the percentage of the career spent in the organization they lead, the shorter the time to the top. No support was found for either the influence of having worked for just one firm or having had elite graduate education abroad, in multilatina CEOs.Practical implicationsIndividual career management suggestions for future CEOs as well as specific guidelines for talent managers are proposedOriginality/valueThis is the first study to explore the influence of human capital indicators on the time to the top in Latin American family firm CEOs. PropositoEste articulo explora la influencia de la educacion y la experiencia sobre el time to the top de los Gerentes Generales, miembros de la familia y no miembros, quienes trabajan para empresas familiares latinoamericanas.Diseno/metodologia/enfoquePara lograr estos objetivos, este estudio se basa en la teoria de capital humano y la literatura sobre carreras y empresas familiares. Fueron analizadas las carreras de 129 Gerentes Generales de empresas familiares, integrantes del ranking America Economia, y se utilizaron metodos cuantitativos.ResultadosEn las empresas familiares latinoamericanas, los Gerentes Generales miembros de la familia llegan mas rapido a la cima que los no miembros, y la influencia de las variables de capital humano en el time to the top difiere entre ambos grupos. Para los Gerentes Generales familiares, los estudios de posgrado retrasan el time to the top, mientras que, para los no familiares, lo reducen. En cuanto a la experiencia, para los Gerentes Generales que han sido promovidos, cuanto mayor es el porcentaje de carrera invertido en la organizacion, menor es el time to the top. No se obtuvo respaldo para las hipotesis sobre la influencia de trabajar en unica firma o el posgrado de elite en el extranjero, en este ultimo caso para los Gerentes Generales de multilatinas.Implicancias practicasSe ofrecen sugerencias de gestion de carrera a nivel individual para futuros ejecutivos, asi como lineamientos para los gerentes de talento.Originalidad/valorEste es el primer estudio que explora la influencia de los indicadores de capital humano sobre el time to the top de Gerentes Generales de empresas familiares latinoamericanas.

Keywords
AgencyAmérica latinaBusinessesCapital humanoCognitive-abilityEmerging marketsEmpresas familiaresFamily ceosFamily firmsFutureGerentes generales familiaresGovernanceHuman capitalLatin americaM12M51Management-practicesNonfamily employeesPerformanceSocioemotional wealthTime to the top

Quality index

Bibliometric impact. Analysis of the contribution and dissemination channel

The work has been published in the journal Academia-Revista Latinoamericana De Administracion due to its progression and the good impact it has achieved in recent years, according to the agency Scopus (SJR), it has become a reference in its field. In the year of publication of the work, 2021, it was in position , thus managing to position itself as a Q2 (Segundo Cuartil), in the category Economics, Econometrics and Finance (Miscellaneous). Notably, the journal is positioned en el Cuartil Q4 for the agency WoS (JCR) in the category Management.

Independientemente del impacto esperado determinado por el canal de difusión, es importante destacar el impacto real observado de la propia aportación.

Según las diferentes agencias de indexación, el número de citas acumuladas por esta publicación hasta la fecha 2025-05-13:

  • WoS: 2
  • Scopus: 4
Impact and social visibility

From the perspective of influence or social adoption, and based on metrics associated with mentions and interactions provided by agencies specializing in calculating the so-called "Alternative or Social Metrics," we can highlight as of 2025-05-13:

  • The use of this contribution in bookmarks, code forks, additions to favorite lists for recurrent reading, as well as general views, indicates that someone is using the publication as a basis for their current work. This may be a notable indicator of future more formal and academic citations. This claim is supported by the result of the "Capture" indicator, which yields a total of: 44 (PlumX).
Leadership analysis of institutional authors

There is a significant leadership presence as some of the institution’s authors appear as the first or last signer, detailed as follows: First Author (Blanco Dopazo, María Rita del Carmen) .

the author responsible for correspondence tasks has been Blanco Dopazo, María Rita del Carmen.