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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Web page: http://taylorandfrancis.metapress.com/link.asp?id=300262
Other versions of this item:
- 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 and Francis Journals, vol. 12(3), pages 163-188.
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