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Influencia del directorio en el desempeno del Mercado Integrado Latinoamericano

Author

Listed:
  • Luis Améstica Rivas
  • Andrea King Domínguez
  • Viviana Moraga Dionicio
  • Rodrigo Romero Romero

Abstract

La presente investigación tiene como objetivo comprobar si características de la composición del directorio, tales como porcentaje de mujeres, independencia del directorio o tamano y concentración de propiedad del Mercado Integrado Latinoamericano (MILA), contribuyen en el desempeno económico de las empresas. Como medidas de desempeno se utilizaron los indicadores ROA, ROE y Q de Tobin. Este estudio utiliza análisis de regresión con datos de panel mediante el Modelo Tobit, con paneles dinámicos y estáticos con efectos fijos a una muestra de 83 empresas. Se encontró evidencia de que el tamano del directorio y la concentración de la propiedad influyen en el desempeno de las empresas.

Suggested Citation

  • Luis Améstica Rivas & Andrea King Domínguez & Viviana Moraga Dionicio & Rodrigo Romero Romero, 2021. "Influencia del directorio en el desempeno del Mercado Integrado Latinoamericano," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 13(1), pages 225-251, March.
    • Handle: RePEc:col:000443:019661
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. Dulacha G. Barako & Phil Hancock & H. Y. Izan, 2006. "Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(2), pages 107-125, March.
    3. Manuel R. Agosin & Ernesto Pastén H., 2003. "Corporate Governance in Chile," Working Papers Central Bank of Chile 209, Central Bank of Chile.
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    Cited by:

    1. Karen Watkins Fassler & Guadalupe del Carmen Briano-Turrent & Diana Laura Franco-Ramírez & José Luis Román-Sánchez, 2022. "Independencia de los Consejos de Administración, concentración de la propiedad y rentabilidad de las empresas listadas en México y Chile," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 14(1), pages 245-269, January.

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    More about this item

    Keywords

    consejo de administración; desempeño financiero; MILA; valor.;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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