Corporate governance could be defined as the institutions or mechanisms, which induce incentives in listed firms, in order to recognize benefits between all the stakeholders, and to restrict the discretion over that distribution, in presence of asymmetric information and incomplete contracts....

Corporate governance could be defined as the institutions or mechanisms, which induce incentives in listed firms, in order to recognize benefits between all the stakeholders, and to restrict the discretion over that distribution, in presence of asymmetric information and incomplete contracts....

En este trabajo se revisa el desempeno de las Carteras de Fondos de Jubilaciones y Pensiones durante su primer ano de funcionamiento. El argumento principal es que la estructura de regulaciones y los costos de informacion redujeron el valor de los indicadores de portafolio como senal para los...