Corporate governance reform and firm value in Mexico: an empirical assessment
AbstractBased on a newly assembled firm-level data set on corporate governance and firm performance for Mexico, we show that better firm-level corporate governance practices are linked to higher valuations, better performance and more dividends disbursed to investors. These results hold after controlling for endogeneity. Overall, the evidence shows that the Mexican legal environment poses serious problems for access to capital.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Journal of Economic Policy Reform.
Volume (Year): 12 (2009)
Issue (Month): 3 ()
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- Alberto Chong & Jorge Guillen & Florencio Lopez-de-Silanes, 2009. "Corporate governance reform and firm value in Mexico: an empirical assessment," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 12(3), pages 163-188.
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- Karen Watkins Fassler, 2013. "Efecto de la Ley corporativa y la concentración de la propiedad en el desempeño empresarial en Chile y México," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 1-22, November.
- Jesus Sáenz González & Emma García-Meca, 2014. "Does Corporate Governance Influence Earnings Management in Latin American Markets?," Journal of Business Ethics, Springer, vol. 121(3), pages 419-440, May.
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