Determinants of firms’ ownership concentration in Mexico

Karen Watkins Fassler () and Diana Rubí Flores Vargas
Additional contact information
Karen Watkins Fassler: Universidad Popular Autónoma del Estado de Puebla, México
Diana Rubí Flores Vargas: Universidad Popular Autónoma del Estado de Puebla, México

Contaduría y Administración, 2016, vol. 61, issue 2, 224–242

Abstract: High ownership concentration is common for non-financial companies, listed in the Mexican Stock Market during the period 2001-2012. This characteristic does not change considerably in time, except taking into account normal versus financial crisis periods. Through panel data analysis it is possible to determine that two of the most important variables in order to explain ownership concentration are return on assets and the percentage of independent Board members. Nevertheless, ownership structure is also conditioned by psychological and cultural factors, and the degree of investor protection has an important influence on proprietorship.

Keywords: Ownership concentration; Corporate governance; Mexico (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cya.unam.mx/index.php/cya/article/view/826 (application/pdf)

Related works:
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:nax:conyad:v:61:y:2016:i:2:p:224-242

Access Statistics for this article

Contaduría y Administración is currently edited by Francisco López-Herrera (Editors in Chief)

More articles in Contaduría y Administración from Accounting and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alberto García-Narvaez (Technical Editor) ().