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A Comparative Analysis of Corporate Governance Systems in Latin America: Argentina, Brazil, Chile, Colombia and Venezuela

Author

Listed:
  • Aguilera, Ruth V.

    (U of Illinois at Urbana-Champaign)

  • Ermoli, Isabel

    (U of Illinois at Urbana-Champaign)

Abstract

This paper analyzes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment by explaining changes over time as well as existing corporate governance systems. We use a stakeholder definition of corporate governance that includes examining insiders such as owners and boards of directors as well as outsiders such as employees. This corporate governance perspective allows for a systematic cross-national comparison.

Suggested Citation

  • Aguilera, Ruth V. & Ermoli, Isabel, 2005. "A Comparative Analysis of Corporate Governance Systems in Latin America: Argentina, Brazil, Chile, Colombia and Venezuela," Working Papers 05-0103, University of Illinois at Urbana-Champaign, College of Business.
    • Handle: RePEc:ecl:illbus:05-0103
    as

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