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Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
related to size and negatively related to performance. This is not only true for book leverage but also for market leverage … significant. Nevertheless, those determinants are not the same when we use book leverage versus market leverage …
Persistent link: https://www.econbiz.de/10013073519
Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in … issuing debt locally or abroad, whereas domestic equity issuance is nearly twice as expensive as debt. While the Chilean … domestic corporate debt market is well developed by emerging market standards (size of the market and maturity of issues …
Persistent link: https://www.econbiz.de/10012749040
The impact of issuing American Depository Receipts on the wealth of Latin American shareholders has been rarely discussed in the specialized literature. The Event Study methodology is used to analyze the reaction to Public Announcement of ADRs. Using several model specifications the results...
Persistent link: https://www.econbiz.de/10005813747
1990 - 2001. Our results support the disciplinary view of debt in absence of profitable growth opportunities …
Persistent link: https://www.econbiz.de/10005075758
In this paper we provide an accurate descriptive analysis of consolidated ownership and capital structures in Chilean conglomerates, emphasizing the implications of these structures for corporate governance. We avoid double counting investments made through pyramid schemes, and consider the...
Persistent link: https://www.econbiz.de/10005690184
La Ley General de Telecomunicaciones define el marco legal que regula al sector de las telecomunicaciones en Chile. La Subsecretaria de Telecomunicaciones (SUBTEL, perteneciente al Ministerio de Transporte y Telecomunicaciones) es la entidad reguladora, también la Comisión Antimonopolios...
Persistent link: https://www.econbiz.de/10013106091
The performance of clusters has been linked in several studies to their historical and geographical contexts as well as to the drivers that shape the competitive strength of nations. Among these drivers, the human factor and universities play a key role in the competitiveness of nations, as well...
Persistent link: https://www.econbiz.de/10012929231
Companies restate when material misstatements are identified in previously issued financial statements. Misstatement research in Latin America is sparse, even though they are an important context to study this phenomenon. Chile’s corporate governance regulations are considered exemplars for...
Persistent link: https://www.econbiz.de/10012422499
The World Bank has published a series of reports on corporate governance as part of its project on the Reports on the Observance of Standards and Codes (ROSC). The corporate governance principles in its ROSC Reports are benchmarked against the OECD’s Principles of Corporate Governance (OECD...
Persistent link: https://www.econbiz.de/10014044794