A Comparative Analysis of Corporate Governance Systems in Latin America: Argentina, Brazil, Chile, Colombia and Venezuela

Ruth V. Aguilera and Isabel Ermoli
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Ruth V. Aguilera: U of Illinois at Urbana-Champaign
Isabel Ermoli: U of Illinois at Urbana-Champaign

Working Papers from University of Illinois at Urbana-Champaign, College of Business

Abstract: This paper analyzes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment by explaining changes over time as well as existing corporate governance systems. We use a stakeholder definition of corporate governance that includes examining insiders such as owners and boards of directors as well as outsiders such as employees. This corporate governance perspective allows for a systematic cross-national comparison.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:illbus:05-0103

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