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dc.titleCorporate Governance and Firm Value in Mexico
dc.contributor.authorChong, Alberto E.
dc.contributor.authorLópez-de-Silanes, Florencio
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageUnited States
dc.date.available2011-02-07T00:00:00
dc.date.issue2006-07-10T00:00:00
dc.description.abstractThe 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.
dc.identifier.doihttp://dx.doi.org/10.18235/0010864
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Corporate-Governance-and-Firm-Value-in-Mexico.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Sector
dc.subject.keywordsWP-564
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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