Gobierno corporativo, diversificación estratégica y desempeño empresarial en México

We study the empirical relationships among corporate governance, strategic diversification and financial performance in Mexico. The study uses data from 99 non-financial firms listed in the BMV (Mexican Stock Market) during 2004. The main relationships found are: Firms which property is concentrated use to focus on the domestic market. Family businesses diversify their productive activities and their sources of income. There are no trends, regarding strategies and performance, related to the separation between ownership and control. When independent committees exist in the board of directors, firms diversify on a mean-narrow-spectrum sense.