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Corporate Governance and Firm Valuation in Colombia

dc.creatorGutiérrez Ramírez, Luis Hernandospa
dc.creatorPombo, Carlosspa
dc.date.accessioned2020-08-06T16:20:21Z
dc.date.available2020-08-06T16:20:21Z
dc.date.created2007spa
dc.description.abstractThis paper studies the separation of ownership and control of 108 listed companies in Colombia from 1996 to 2002, finding that voting rights are greater than cash flow rights because of indirect ownership across firms. The paper also examines the association of various ownership and control measures and separation ratios with a firm’s value and performance for the same sample of companies that traded their stock from 1998 to 2002. Large blockholders were found to exert a positive influence upon a firm’s valuation and performance, which validates the positive monitoring approach of large shareholders, but this relationship is not monotonic. The paper further reports results from a 2004 survey which suggests that Colombian firms have been slow to improve their corporate governance practices.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.2139/ssrn.1820046
dc.identifier.issnISSN: 1556-5068
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/25973
dc.language.isoengspa
dc.publisherEconstorspa
dc.relation.citationIssueNo. 568
dc.relation.citationStartPage18629
dc.relation.citationTitleSSRN Electronic Journal
dc.relation.ispartofSSRN Electronic Journal, ISSN:, No.568 (2007); pp.1-51spa
dc.relation.urihttps://www.econstor.eu/bitstream/10419/87953/1/idb-wp_568.pdfspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.sourceSSRN Electronic Journalspa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordOwnershipspa
dc.subject.keywordControlspa
dc.subject.keywordColombian Corporationsspa
dc.titleCorporate Governance and Firm Valuation in Colombiaspa
dc.title.TranslatedTitleGobierno corporativo y valoración de empresas en Colombiaspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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