THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS
ABSTRACT This article makes a contribution to the study of family groups in developing economies by analysing the case of the Cousiño-Goyenechea business, one of the most important business groups in nineteenth-century Chile. We provide new evidence of how the Cousiño's original fortune was bui...
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Universidad de Concepción
2017
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oai:scielo:S0718-046220170002000492018-02-16THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESSNazer,Juan RicardoLlorca-Jaña,ManuelNavarrete-Montalvo,Juan Cousiño Goyenechea Chile developing economies family business ABSTRACT This article makes a contribution to the study of family groups in developing economies by analysing the case of the Cousiño-Goyenechea business, one of the most important business groups in nineteenth-century Chile. We provide new evidence of how the Cousiño's original fortune was built, and how after being highly concentrated in copper and silver mining, the family business successfully diversified and integrated vertically through two generations, thus becoming the second most important economic group in the country by the end of the 19th century. This was the result of risky business decisions, particularly after deciding to enter coal mining under much uncertainty, modernising this industry, as well as expanding into copper refining, brick and glass manufacturing, hydroelectric power plants, and wine production. However, their success was also due to a clever strategy of capital increase by creating corporations linked to the group.info:eu-repo/semantics/openAccessUniversidad de ConcepciónAtenea (Concepción) n.516 20172017-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-04622017000200049en10.4067/S0718-04622017000200049 |
| institution |
Scielo Chile |
| collection |
Scielo Chile |
| language |
English |
| topic |
Cousiño Goyenechea Chile developing economies family business |
| spellingShingle |
Cousiño Goyenechea Chile developing economies family business Nazer,Juan Ricardo Llorca-Jaña,Manuel Navarrete-Montalvo,Juan THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| description |
ABSTRACT This article makes a contribution to the study of family groups in developing economies by analysing the case of the Cousiño-Goyenechea business, one of the most important business groups in nineteenth-century Chile. We provide new evidence of how the Cousiño's original fortune was built, and how after being highly concentrated in copper and silver mining, the family business successfully diversified and integrated vertically through two generations, thus becoming the second most important economic group in the country by the end of the 19th century. This was the result of risky business decisions, particularly after deciding to enter coal mining under much uncertainty, modernising this industry, as well as expanding into copper refining, brick and glass manufacturing, hydroelectric power plants, and wine production. However, their success was also due to a clever strategy of capital increase by creating corporations linked to the group. |
| author |
Nazer,Juan Ricardo Llorca-Jaña,Manuel Navarrete-Montalvo,Juan |
| author_facet |
Nazer,Juan Ricardo Llorca-Jaña,Manuel Navarrete-Montalvo,Juan |
| author_sort |
Nazer,Juan Ricardo |
| title |
THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| title_short |
THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| title_full |
THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| title_fullStr |
THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| title_full_unstemmed |
THE COUSIÑO-GOYENECHEA FAMILY (1810-1940): RISE AND FALL OF A CHILEAN FAMILY BUSINESS |
| title_sort |
cousiño-goyenechea family (1810-1940): rise and fall of a chilean family business |
| publisher |
Universidad de Concepción |
| publishDate |
2017 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-04622017000200049 |
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