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This article argues that judicial independence is a poor indicator of the capacity of courts to effectively resolve commercial disputes. Judicial power is a more accurate measure because it assesses whether courts have sufficient jurisdiction, discretionary authority and enforcement powers to...
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structures. On the one hand we look at Argentina, Brazil and Chile, on the other hand we analyse South Korea, Taiwan and Thailand …
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We compare group affiliation in seven East Asian countries and Chile, using data for more than 1,000 publicly traded … percent in Chile. We find evidence that group structures are used to diversify risks internally as firms’ market risk is … influenced not only by own characteristics-such as size, price/book ratio-but also by group characteristics, especially in Chile …
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, property and control structures in Chile, Brazil, Mexico and East Asia. Also, the role of pension funds in Chilean corporate … structures are diverse, being notably simpler in Chile. Finally, in this particular article some of the recently proposed legal … reforms in Chile are analyzed, especially those related with mandatory tender offer requirements. …
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