Estrategias de solución al Problema de Agencia en la gobernanza de las PYME
DOI:
https://doi.org/10.17268/sciendo.2024.060Palabras clave:
Problema de Agencia, PYME (Pequeñas y Medianas Empresas), Gobierno CorporativoResumen
El artículo de revisión se enfoca en explorar las estrategias de solución al Problema de Agencia en la gobernanza de las PYME a nivel mundial. Se empleó el método Elementos de Informes Preferidos para Revisiones Sistemáticas y Metaanálisis (PRISMA) para llevar a cabo la revisión de la literatura. A partir de una exhaustiva búsqueda en 5 bases de datos, se identificaron inicialmente 216 artículos que contenían al menos uno de los términos de interés en su título o resumen; sin embargo, tras un riguroso proceso de selección, únicamente 7 artículos satisficieron todos los criterios de inclusión y exclusión establecidos. Los resultados destacan la escasez de investigaciones que aborden integralmente el Problema de Agencia en el contexto de las PYME. Se evidencia la complejidad inherente a estos problemas, subrayando la necesidad de considerar una variedad de factores, tales como la estructura de propiedad, el financiamiento y la gobernanza, al abordar estos desafíos. En consecuencia, se resalta la necesidad de futuros trabajos que profundicen en este campo, con el fin de proporcionar un mayor entendimiento y desarrollar estrategias efectivas para mejorar la gobernanza en las PYME.
Citas
Abor, J., y Biekpe, N. (2006). An empirical test of the agency problems and capital structure of South African quoted SMEs. SA journal of accounting research, 20(1), 51–65.
Banga, C., y Gupta, A. (2017). Effect of firm characteristics on capital structure decisions of Indian SMEs. International Journal of Applied Business and Economic Research, 15(10), 281–301.
Ben Bouheni, F., Ammi, C., y Levy, A. (2016). Banking Governance, Performance and Risk-Taking : Conventional Banks vs Islamic Banks. John Wiley y Sons, Incorporated.
Brunninge, O., Nordqvist, M., y Wiklund, J. (2007). Corporate governance and strategic change in SMEs: The effects of ownership, board composition and top management teams. Small Business Economics, 29(3), 295–308.
Burgstaller, J., y Wagner, E. (2015). How do family ownership and founder management affect capital structure decisions and adjustment of SMEs?: Evidence from a bank-based economy. Journal of Risk Finance, 16(1), 73–101.
Duppati, G., Gulati, R., Matlani, N., y Kijkasiwat, P. (2023). Institutional Ownership, Capital Structure and Performance of SMEs in China. South Asian Journal of Macroeconomics and Public Finance, 12(2), 135–159.
Elmagrhi, M. H., Ntim, C. G., Crossley, R. M., Malagila, J. K., Fosu, S., y Vu, T. V. (2017). Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics. International Journal of Accounting and Information Management, 25(4), 459–483.
Franco, N. M., Rubio, A. E., y Salazar, J. A. V. (2021). Gobernanza corporativa en pequeñas y medianas empresas: una revisión sistemática de literatura. Revista Venezolana de Gerencia: RVG, 26(93), 245–263.
Fuad Rahman, A., y Mohd‐Saleh, N. (2008). The effect of free cash flow agency problem on the value relevance of earnings and book value. Journal of Financial Reporting and Accounting, 6(1), 75–90.
Gyamera, E., Abayaawien Atuilik, W., Eklemet, I., Adu-Twumwaah, D., Baba Issah, A., Alexander Tetteh, L., y Gagakuma, L. (2023). Examining the effect of financial accounting services on the financial performance of SME: The function of information technology as a moderator. Cogent Business and Management, 10(2).
Gyamera, E., Williams, A. A., Eklemet, I., Matey, A. H., Lexis, A. T., y Apreku-Djan, P. K. (2023). An analysis of the effects of management accounting services on the financial performance of SME: The moderating role of information technology. Cogent Business y Management, 10(1).
Hernández-Cánovas, G., Mínguez-Vera, A., y Sánchez-Vidal, J. (2016). Ownership structure and debt as corporate governance mechanisms: an empirical analysis for Spanish SMEs. Journal of Business Economics and Management, 17(6), 960–976.
Huang, W., Boateng, A., y Newman, A. (2016). Capital structure of Chinese listed SMEs: an agency theory perspective. Small Business Economics, 47(2), 535–550.
Langer, A., Schröder-Bäck, P., Brink, A., y Eurich, J. (2009). The agency problem and medical acting: an example of applying economic theory to medical ethics. Medicine, Health Care and Philosophy, 12, 99–108.
Lee, C.-W., Chen, H. C., Peng, C. L., y Chen, S. H. (2023). Sustainability of Taiwanese SME Family Businesses in the Succession Decision-Making Agenda. Sustainability (Switzerland), 15(2).
Lopez-Gracia, J., y Mestre-Barberá, R. (2015). On the Relevance of Agency Conflicts in SME Debt Maturity Structure. Journal of Small Business Management, 53(3), 714–734. https://doi.org/10.1111/jsbm.12083
McMahon, R. G. P. (2004). Equity agency costs amongst manufacturing SMEs. Small Business Economics, 22(2), 121–140.
Moher, D., Liberati, A., Tetzlaff, J., Altman, D. G., y PRISMA Group*, t. (2009). Preferred reporting items for systematic reviews and meta-analyses: the PRISMA statement. Annals of internal medicine, 151(4), 264–269.
Moher, D., Pham, B., Lawson, M. L., y Klassen, T. P. (2003). The inclusion of reports of randomised trials published in languages other than English in systematic reviews. Health Technol Assess, 7(41), 1–90.
Mokdadi, S., y Naoui, K. (2019). Agency conflicts in French SMEs: Are banks shareholders still influent? International Journal of Management and Enterprise Development, 18(1–2), 85–106.
Morton, S., Berg, A., Levit, L., y Eden, J. (2011). Finding What Works in Health Care : Standards for Systematic Reviews. National Academies Press.
Odit, M. P., y Gobardhun, Y. D. (2011). The Determinants Of Financial Leverage Of SME’s In Mauritius. The International Business y Economics Research Journal, 10(3), 113–125.
Orens, R., y Reheul, A.-M. (2013). Do CEO demographics explain cash holdings in SMEs? European Management Journal, 31(6), 549–563.
Rodríguez-Valencia, L., y Lamothe Fernández, P. (2023). Managerial concentration, ownership concentration, and firm value: Evidence from Spanish SMEs. Small Business International Review, 7(1), e541.
Savio, R., Castellaneta, F., Vismara, S., y Zattoni, A. (2024). Exploring the Third Type of Agency Problem: An Empirical Study of the Impact of Debt Suspension Programmes on SMEs’ Resource Allocations. British Journal of Management.
Singh, K., y Rastogi, S. (2023a). Corporate governance and financial performance: evidence from listed SMEs in India. Benchmarking, 30(4), 1400–1423.
Singh, K., y Rastogi, S. (2023b). Corporate governance, configurational approach and financial performance: some evidence from Indian listed SMEs. Benchmarking.
So, J. C., Bharati, R., y Crain, S. (2001). Risk-taking, agency problem, and small business loan guarantee: An application of option pricing theory. Journal of Entrepreneurial Finance, 6(1), 24–43.
Sun, K., Wickramasekera, R., y Tan, A. (2022). Exploring the Relationship Between Family Involvement and Innovative Capability in Chinese Family SMEs: The Role of HR Redundancy. SAGE Open, 12(2).
Yu, H. (1994). Participation financing as a solution to the agency problem of perk consumption in small firms. Journal of Small Business Finance, 3(3), 215–227.
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
Derechos de autor 2024 Kevin Litman Florez Tolentino
Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
