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Test power properties of within-firm estimators of ownership and board-related explanatory variables with low time variation
(SpringerUS, 2022-07-16)
Corporate governance research is often limited in its ability to employ within-firm estimators, which address time-invariant endogeneity, when the variables of interest exhibit low time variation (for example, ownership ...
Does family ownership shape performance outcomes?
(ELSEVIER SCIENCE INC, 2008)
This paper analyses the effect of family ownership on performance in an emerging economy. Two dimensions represent family ownership: ownership concentration and characteristics of family control (i.e. family involvement ...
Board independence, firm performance and ownership concentration: Evidence from Chile
(ELSEVIER SCIENCE INC, 2008)
What determines the composition of companies' boards in the context of high ownership concentration? Are independent directors important as an internal governance mechanism in companies with high ownership concentration? ...
MARKET AND ITS PROJECTIONS INTO OWNERSHIP IN ARCHAIC ROME
(PONTIFICA UNIV CATOLICA DE CHILE FACULTAD DE DERECHO, 2015)
Ownership, as a right, has an abstract character, for it can be exercised over a vast set of assets, at least over all corporal goods. It puts under the same transaction rules a large set of assets, without regard to whether ...
Family ties, interlocking directors and performance of business groups in emerging countries: The case of Chile
(ELSEVIER SCIENCE INC, 2006)
The effect of business groups on economic performance is controversial, both theoretically and empirically. We hypothesized that the seemingly contradictory empirical results can be explained by the differentiated governance ...
Diversification and control in emerging markets: The case of Chilean firms
(Elsevier Doyma, 2015)
We analyze the effect of two types of corporate diversification (business diversification
and ownership diversification) on the market value of the Chilean firms. For a sample
of 83 nonfinancial firms listed on the ...
Ownership structure and firm value in Brazil
(Consejo Latinoamericano Escuelas Adm-Cladea, 2010)
This paper examines the relationship between ownership structure and firm value, modeling the ownership structure as an endogenous and multi-dimensional variable. For this purpose, the model developed by Demsetz and ...
Ownership Concentration and the Determinants of Capital Structure in Latin America
(Universidad de los AndesFacultad de Administración, 2008)
In this paper we study the capital structure determinants of Latin American firms using a comprehensive sample from 1996 to 2005 covering seven countries. We argue that ownership control is important for capital structure ...
Is there a corporate diversification discount or premium? Evidence from Chile
(Emerald, 2015)
Purpose - The purpose of this paper is to analyze the effect of the corporate ownership
diversification, i.e. how the involvement in the ownership of other non-financial firms affects the
value of listed firms. The authors ...