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Corporate Governance and Performance during the Aftermath of the 1994 Mexican Crisis

Author

Listed:
  • Karen Watkins

    (Universidad Popular Autonoma del Estado de Puebla)

  • Dick Van Dijk

    (Erasmus Universiteit Rotterdam)

  • Jaap Spronk

    (Erasmus Universiteit Rotterdam)

Abstract

Good corporate governance arrangements have been associated with high performance. This paper studies the effects of family, bank, and business group ties on Mexican firm performance during the period 1995-1997. Two performance variables are taken into account for robustness reasons: return on assets and profit margin on sales. Results show that companies with positive corporate governance schemes performed better than the rest during this period.

Suggested Citation

  • Karen Watkins & Dick Van Dijk & Jaap Spronk, 2006. "Corporate Governance and Performance during the Aftermath of the 1994 Mexican Crisis," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 2(2), pages 39-55, Enero-Jun.
    • Handle: RePEc:qua:journl:v:2:y:2006:i:2:p:39-55
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    References listed on IDEAS

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    More about this item

    Keywords

    gobierno corporativo; desempeno empresarial;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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