Growth and concentration among the leading business groups in Mexico

Germán Alarco; Patricia del Hierro

doi:10.18356/419ab2e7-en

Growth and concentration among the leading business groups in Mexico

Título traducido de la contribución: Crecimiento y concentración de los principales grupos empresariales en México

Germán Alarco, Patricia del Hierro

Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

2 Citas (Scopus)

Resumen

En este trabajo se discuten diversas hipótesis sobre el origen y operación de los grupos económicos y se plantea un modelo destinado a explicar las fuentes de crecimiento de los activos totales. Se muestra la creciente contribución de los grupos económicos mexicanos al PIB, mientras que sus aportaciones en términos del empleo y las utilidades son menores. Se observa a lo largo del tiempo un claro fenómeno de concentración de las ventas y activos en favor de los grupos más importantes. Se concluye que la principal fuente de financiamiento de la expansión de los activos entre 2005 y 2007 fueron el crecimiento de los pasivos y, en segundo lugar, las aportaciones patrimoniales de los accionistas. Se determina que la inversión de los principales grupos se realiza de manera discreta en el tiempo y que estos tienden a "sobreinvertir" como una forma de obstruir la entrada de otros competidores.

Título traducido de la contribución	Crecimiento y concentración de los principales grupos empresariales en México
Idioma original	Inglés
Páginas (desde-hasta)	173-192
Número de páginas	20
Publicación	CEPAL Review
N.º	101
DOI	https://doi.org/10.18356/419ab2e7-en
Estado	Publicada - oct. 2010

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abstract = "This article discusses various hypotheses relating to the origin and operation of business groups in Mexico, and it proposes a model to explain the sources of their total asset growth. It highlights their growing contribution to Mexican gdp, but notes that their shares of employment and profits are smaller. Over time, sales and assets have clearly tended to become more concentrated in the largest groups. The paper concludes that the main financing sources for asset growth between 2005 and 2007 were firstly debt and secondly capital contributions from shareholders. It also finds that the leading groups invest discretely over time and tend to {"}overinvest{"} to block the entry of other competitors.",

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KW - Investments

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Growth and concentration among the leading business groups in Mexico

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