Purpose: The relationship between the role played by corporate governance (CG) mechanisms and shareholder wealth is an important and mature topic in some countries and regions. However, despite the considerable number of studies, the results are still inconclusive. The purpose of this paper is...

(Disponible en idioma inglés únicamente) En este trabajo se elabora un índice de prácticas de conducción empresarial (CGI, por sus siglas en inglés) basándose en un conjunto de 24 preguntas que se pueden responder objetivamente a partir de información disponible públicamente. El...

This paper constructs a corporate governance practices index (CGI) from a set of 24 questions that can be objectively answered from publicly available information. The goal is to measure the overall quality of corporate governance practices of the largest possible number of firms. CGI levels...

This study extends the international evidence on initial public offerings (IPOs) and is the first comprehensive analysis examining new issues in the Latin American countries of Brazil, Chile, and Mexico. These countries have been among the best performing markets in the early 1990s and are...

This study examines the kinds of events that cause large shifts in the volatility of emerging stock markets. We first determine when large changes in the volatility of emerging stock market returns occur and then examine global and local events (social, political, and economic) during the...