Gobierno corporativo, diversificación estratégica y desempeño empresarial en México

Corporate governance, strategic diversification and performance of firms in Mexico

Antonio Ruiz-Porras and William Steinwascher

MPRA Paper from University Library of Munich, Germany

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.

Keywords: corporate governance; strategic diversification; performance; family ownership; boards of directors (search for similar items in EconPapers)
JEL-codes: G34 L20 M21 (search for similar items in EconPapers)
Date: 2007-07-03
New Economics Papers: this item is included in nep-bec and nep-cse
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/3819/1/MPRA_paper_3819.pdf original version (application/pdf)

Related works:
Journal Article: Gobierno corporativo, diversificación estratégica y desempeño empresarial en México (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3819

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().