This paper examines for the first time the association of different ownership and control measures and separation ratios with a firm's value and performance for 108 non-financial firms that traded their stock during the period 1998 to 2002. Large block holders were found to exert a positive...

Resumen: Una de las políticas más importantes en el proceso de reformas estructurales en Colombia a principios de la deécada de 1990 fue la reducción de las rigideces en el mercado laboral. Una posición para evaluar los resultados de tales reformas es analizar la relación entre empleo de...

Since 1991, Colombia has had a market-determined Peso–US Dollar Nominal Exchange Rate (NER), after more than 20 years of controlled and multiple exchange rates. The behaviour (revaluation / devaluation) of the NER is constantly reported in the news, editorials, and op-eds of the major...

Teaching and learning statistics and econometrics requires assessment through a problem set (PS). Often the PS requires some statistical analysis of a single database; therefore there is a unique answer. Although a unique answer guarantees the exercise was done correctly, it also facilitates...

Insurance use and economic growth in Latin America. Some panel data evidence