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Efecto de la Ley corporativa y la concentración de la propiedad en el desempeño empresarial en Chile y México

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  • Karen Watkins Fassler

    (Investigadora. Centro de Investigación e Inteligencia Económica CIIE-UPAEP. Profesora de la Facultad de Economía y Posgrados UPAEP, Profesora afiliada al Centro de Gobierno Corporativo UC. Puebla, México.)

Abstract

This study questions the new Corporate Governance legislations´ immediate effects on firm performance, for corporates listed in the industrial sector both in Chile and Mexico. It is concluded that these are not significant (within countries), although the positive firm effect in Chile is greater than in Mexico (between countries). In addition, property concentration convenience in Chile and Mexico is addressed. It is found that in both countries there is a negative association (which is stable pre-post legislation) between property dispersion and ROA, for companies belonging to the industrial sector.

Suggested Citation

  • 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.
    • Handle: RePEc:ere:journl:v:xxxii:y:2013:i:2:p:1-22
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    References listed on IDEAS

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    More about this item

    Keywords

    Corporate Governance; Corporate Law; Property Concentration; Firm Performance; Chile; Mexico;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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