Gobierno corporativo, diversificación estratégica y desempeño empresarial en México

Ruiz-Porras, Antonio and Steinwascher, William (2007): Gobierno corporativo, diversificación estratégica y desempeño empresarial en México. Unpublished.

Abstract

We study the empirical relationships among corporate governance, strategic diversification and financial performance in Mexico. The study uses data from 99 non-financial firms listed in the BMV (Mexican Stock Market) during 2004. The main relationships found are: Firms which property is concentrated use to focus on the domestic market. Family businesses diversify their productive activities and their sources of income. There are no trends, regarding strategies and performance, related to the separation between ownership and control. When independent committees exist in the board of directors, firms diversify on a mean-narrow-spectrum sense.

• Item Type: MPRA Paper
• Additional Information: The paper also exists as a working paper. The reference is the following - RUIZ-PORRAS A. and STEINWASCHER-SACIO W. (2007) “Gobierno corporativo, diversificación estratégica y desempeño empresarial en México”, Mexico DF (Mexico), ITESM-Accounting and Finance Department, (July 2007), Working paper 2007/03 Available at: http://www.ccm.itesm.mx/dn/dfinanzas/archivos/dt_2007_03.pdf
• Institution: Tecnológico de Monterrey, Campus Ciudad de México
• Language: Spanish
• Keywords: corporate governance; strategic diversification; performance; family ownership; boards of directors
• Subjects: M - Business Administration and Business Economics; Marketing; Accounting > M2 - Business Economics > M21 - Business Economics; G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General

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