This paper examines the relationship between firm value and blockholders in Latin America. Econometric results for a comprehensive data set of more than 550 firms listed in the six largest stock markets of the region support a positive effect of variables measuring the existence, contestability,...

This paper examines the impact of industrial productivity on transnationals M&As from OECD countries towards Latin American countries in the period 1996 to 2010. It also analyzes the relationship between external mechanism of corporate governance and transnational M&As. For this purpose we use a...

Lack of a significant separation between ownership and control in Latin American companies imposes a necessary departure from applicable principles of corporate governance designed for market systems. Therefore, it may prove difficult, for instance, to adopt US norms, in the region due to...

We study the relationship between corporate governance and productivity in non-financial publicly traded firms based in Latin America. Using a sample of 670 firm-year observations during the period 2006-2014, we show that board size, gender diversity, institutional ownership, and the presence of...

This paper investigates the impact of announcements of material weaknesses on internal controls on share prices of Latin America companies listed with ADRs levels II and III. An event study methodology was applied based on the Filing Date of Annual Report 20-F submitted to Securities and...

This chapter analyses the Pacific Alliance – an economic bloc formed by Chile, Colombia, Mexico, and Peru in 2011 – and its integrated stock exchange, the Mercado Integrado Latinoamericano (MILA). It contends that the Alliance has the potential to foster the transition toward a sustainable...