Antonio Ruiz-Porras (Tecnológico de Monterrey, Campus Ciudad de México) William Henry Steinwascher Sacio (Tecnológico de Monterrey, Campus Ciudad de México)
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We study the relationships among corporate governance, strategic diversification and financial performance in Mexico. The study uses data from 99 non-financial firms listed in the BMV (Mexican Stock Market) during 2004. The main findings are: Firms which property is concentrated in a principal shareholder focus on the domestic market. Family firms try to diversify their productive activities and sources of income. There are no trends, regarding strategies and performance, related to the separation between ownership and control. Finally, when independent committees exist in the boards of directors, mean-narrow-spectrum diversification is encouraged in the firms.
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Find related papers by JEL classification: G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Shleifer, Andrei & Vishny, Robert W, 1997.
" A Survey of Corporate Governance,"
Journal of Finance,
American Finance Association, vol. 52(2), pages 737-83, June.
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