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CORPORATE GOVERNANCE: CHALLENGES FOR LATIN AMERICA

LEFORT, FERNANDO; WALKER, EDUARDO - In: Abante 2 (2000) 2, pp. 99-111

, 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. …

Persistent link: https://www.econbiz.de/10005813742

Oligarchs, Foreign Powers and the Oppressed Minority : Regulating Corporate Control in Latin America

Berdejó, Carlos - 2019

Corporate law and governance scholarship has traditionally focused on understanding the agency costs that result from unresolved conflicts of interest between shareholders and management. This agency problem becomes trivial when corporate ownership is concentrated, as is the case in many...

Persistent link: https://www.econbiz.de/10012871106

Stock Liquidity and Second Blockholder as Drivers of Corporate Value : Evidence from Latin America

Pombo, Carlos; Taborda, Rodrigo - 2015

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,...

Persistent link: https://www.econbiz.de/10014131495

Capital Structures in Developing Countries : The Latin American Case

Espinosa, Christian - 2013

, Chile, Mexico, Peru and United States of America, to analyze whether the four common determinants also explain the capital …

Persistent link: https://www.econbiz.de/10013073519

Corporate governance in Latin America

Chong, Alberto (contributor); … - 2007

This paper analyzes recent trends of Latin America's institutional development regarding investor protection. In spite of the underdevelopment of the region's financial markets, there is slow movement towards legal reforms intended to protect investors and make regional markets more attractive...

Persistent link: https://www.econbiz.de/10003775790

Corporate Governance and Its Effect on Productivity under Different Business Environments : Evidence from Latin America

Gaitan Riaño, Sandra Constanza - 2017

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...

Persistent link: https://www.econbiz.de/10012951898

Ownership and Capital Structure in Latin America

Céspedes, Jacelly - 2011

This study evaluates the capital-structure determinants of Latin American firms using a comprehensive sample covering seven countries. Firms in the region have debt levels similar to those of U.S. firms, which is puzzling, given that Latin American firms experience relatively lower tax benefits...

Persistent link: https://www.econbiz.de/10013130468

Effects of Foreign Institutional Ownership on Foreign Bank Lending : Evidence from South America

Jiang, Liangliang - 2012

Using data from five South American countries from 2001 to 2008, this paper examines how foreign ownership affects the loan cost of borrowers. We find that the cost of debt financing is significantly higher for firms whose largest shareholder is a foreign institutional one. The results suggest...

Persistent link: https://www.econbiz.de/10013114023

Profitability in Banks Affiliated to a Business Group. Evidence from a Latin American Country

Chavarín, Rubén - 2016

In certain institutional contexts, where there are business groups, banks affiliated to these business networks are faced by incentives that might condition their profitability. The objective of this work is to test whether there is a difference between the performance of affiliated banks and...

Persistent link: https://www.econbiz.de/10013006082

Real earnings management and corporate governance : a study of Latin America

Mellado, Cristhian; Saona, Paolo - In: Economic research 33 (2020) 1,2, pp. 2229-2268

Persistent link: https://www.econbiz.de/10013191676

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