TY - JOUR
T1 - Corporate governance reform and firm value in Mexico: An empirical assessment
AU - Chong, Alberto
AU - Guillen, Jorge
AU - Lopez-de-Silanes, Florencio
PY - 2009/12/14
Y1 - 2009/12/14
N2 - Based 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.
AB - Based 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.
KW - Corporate governance
KW - Firms
KW - Law reform
KW - Mexico
KW - Regulation
KW - Corporate governance
KW - Firms
KW - Law reform
KW - Mexico
KW - Regulation
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=71549155007&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=71549155007&origin=inward
U2 - 10.1080/17487870903105346
DO - 10.1080/17487870903105346
M3 - Article in a journal
SN - 1748-7870
VL - 12
SP - 163
EP - 188
JO - Journal of Economic Policy Reform
JF - Journal of Economic Policy Reform
IS - 3
ER -