Blockholders presence is a common attribute of modern corporations around the world. This work studies the effect of the presence of multiple blockholder in firm valuation for a sample of Latin American firms. To this effect, several measures of control contestability were constructed. Using OLS...

This article analyses how the corporate valuation of Latin American firms is affected by the presence of an institutional blockholder investor. The study uses a data set of 562 firms from six Latin American countries for the period 1997 to 2011. As in similar studies, we found that the presence...

This paper enquires whether institutional investors have specific preferences on the composition of the board of directors in Latin American firms they hold shares in. The result show that preferences vary significantly in terms of the type of institutional investor. The econometric results...