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The integration of stock exchanges: The case of the Latin American Integrated Market (MILA) and its impact on ownership and internationalization status in Colombian brokerage firms

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Listed:
  • Yepes-Rios, Beatriz

    () (Universidad EAFIT, Colombia)

  • Gonzalez-Tapia, Kelly
  • Gonzalez-Perez, Maria Alejandra

Abstract

This paper describes the changes in ownership and internationalization of the brokerage firms in Colombia as a result of the regional integration process of its stock exchange market through the Latin American Integrated Market (MILA). It proposes that the integration of stock exchanges generated transformations within the brokerage sector, and affected companies in response pursue different strategies to remain competitive in the current state of affairs. In the case of Colombia, stock exchange integration through MILA has resulted into mergers between local brokerage firms, acquisitions from both national and international companies and changes in ownership.

Suggested Citation

  • Yepes-Rios, Beatriz & Gonzalez-Tapia, Kelly & Gonzalez-Perez, Maria Alejandra, 2015. "The integration of stock exchanges: The case of the Latin American Integrated Market (MILA) and its impact on ownership and internationalization status in Colombian brokerage firms," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 20(39), pages 84-93.
  • Handle: RePEc:ris:joefas:0087
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    Cited by:

    1. Jose Ignacio Lopez, 2018. "Predictibilidad del Mercado Accionario Colombiano," DOCUMENTOS CEDE 016086, UNIVERSIDAD DE LOS ANDES-CEDE.

    More about this item

    Keywords

    Integración; Bolsas de valores; Compañías de corretaje; Mercados de capital; Mercado Integrado Latinoamericano;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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