Arbeitspapier
Corporate Governance and Firm Value in Mexico
The objective of this paper is twofold. On one hand, we undertake an analysis of the recent evolution of capital markets and their effect on the availability of external financing in Mexico in the last two decades. On the other hand, based on a newly assembled firm-level data set on corporate governance and firm performance, 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 564
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Chong, Alberto
Lopez-de-Silanes, Florencio
- Event
-
Veröffentlichung
- (who)
-
Inter-American Development Bank, Research Department
- (where)
-
Washington, DC
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Chong, Alberto
- Lopez-de-Silanes, Florencio
- Inter-American Development Bank, Research Department
Time of origin
- 2006
Other Objects (12)
Stakeholder capitalism, corporate governance and firm value
Venture capital, corporate governance, and firm value
Stakeholder capitalism, corporate governance and firm value
Does corporate governance influence firm value? Evidence from Indian firms
Corporate reputation and firm value
Corporate governance, shareholder value & finance
Value Creation Through Corporate Governance
Corporate governance and firm value: Evidence from Chinese state-controlled listed firms
Corporate governance in Latin American firms: Contestability of control and firm value
Corporate governance mechanisms, ownership and firm value: Evidence from listed Chinese firms
Stakeholder Governance, Competition and Firm Value
Real earnings management, firm value, and corporate governance: Evidence from the Korean market
Stakeholder capitalism, corporate governance and firm value
Venture capital, corporate governance, and firm value
Stakeholder capitalism, corporate governance and firm value
Does corporate governance influence firm value? Evidence from Indian firms
Corporate reputation and firm value
Corporate governance, shareholder value & finance
Value Creation Through Corporate Governance
Corporate governance and firm value: Evidence from Chinese state-controlled listed firms
Corporate governance in Latin American firms: Contestability of control and firm value
Corporate governance mechanisms, ownership and firm value: Evidence from listed Chinese firms
Stakeholder Governance, Competition and Firm Value
Real earnings management, firm value, and corporate governance: Evidence from the Korean market
Stakeholder capitalism, corporate governance and firm value
Venture capital, corporate governance, and firm value
Stakeholder capitalism, corporate governance and firm value
Does corporate governance influence firm value? Evidence from Indian firms
Corporate reputation and firm value
Corporate governance, shareholder value & finance
Value Creation Through Corporate Governance
Corporate governance and firm value: Evidence from Chinese state-controlled listed firms
Corporate governance in Latin American firms: Contestability of control and firm value
Corporate governance mechanisms, ownership and firm value: Evidence from listed Chinese firms
Stakeholder Governance, Competition and Firm Value