Corporate governance reform and firm value in Mexico: An empirical assessment

Alberto Chong, Jorge Guillen, Florencio Lopez-de-Silanes

Producción científica: Contribución a una revistaArtículo de revista revisión exhaustiva

14 Citas (Scopus)

Resumen

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.
Idioma originalInglés
Páginas (desde-hasta)163-188
Número de páginas26
PublicaciónJournal of Economic Policy Reform
Volumen12
N.º3
DOI
EstadoPublicada - 14 dic. 2009
Publicado de forma externa

Palabras clave

  • Corporate governance
  • Firms
  • Law reform
  • Mexico
  • Regulation

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