Power Search
Low Price Guarantee
We Take School POs
Please login or create a free account to submit a review

Investor Protection and Corporate Governance: Firm-Level Evidence Across Latin America
Contributor(s): Chong, Alberto (Editor), de Silanes, Florencio López (Editor)

View larger image

 ISBN: 080470001X     ISBN-13: 9780804700016
Publisher: Stanford University Press
OUR PRICE: $209.00  

Binding Type: Hardcover - See All Available Formats & Editions
Published: June 2007
Qty:

Annotation: Latin America has been surprisingly spared from a generalized wave of corporate governance scandals. One possible explanation is that the region' s level of investor protection is adequate. The evidence from the papers in this book says otherwise. The still relatively low level of protection and transparency has created an environment where problems cannot be easily detected or are not worth pursuing. These circumstances have started to push firms thirsty for capital to unilaterally opt for better corporate governance and alleviate this disadvantage. The papers in this book constitute the largest firm-level corporate governance analysis undertaken across Latin American countries. The new datasets in the book allow the researchers to conclude that companies with better self-imposed firm-level governance practices or with listing in U.S. markets are given higher valuations and can raise capital at a lower cost. Although these results are encouraging, they point to a rocky path for the future growth of local Latin American capital markets.


Click for more in this series: Latin American Development Forum
Additional Information
BISAC Categories:
- Business & Economics | Industries - General
- Business & Economics | Development - Economic Development
Dewey: 338.609
LCCN: 2007003700
Series: Latin American Development Forum
Physical Information: 1.44" H x 6" W x 9" L (2.26 lbs) 400 pages
Features: Bibliography, Index
 
Descriptions, Reviews, Etc.
Publisher Description:
Investor Protection in Latin America represents the largest data-gathering effort of firm-level corporate governance practices, ownership structures, and dividend policies. The results presented show that on top of country-wide legal protection of investors, there is a positive effect on valuation and performance of higher firm-level protections and better corporate governance practices. This evidence matches previous research in the area for other regions of the world.
 
Customer ReviewsSubmit your own review
 
To tell a friend about this book, you must Sign In First!