Showing 1 - 5 of 5
We analyze the effect of two types of corporate diversification (business diversification and ownership diversification) on the market value of the Chilean firms. For a sample of 83 nonfinancial firms listed on the Santiago Stock Market from 2005 to 2013, we find a discount for both business and...
Persistent link: https://www.econbiz.de/10012118396
Persistent link: https://www.econbiz.de/10010277447
This paper uses two sources of information and different methodologies to analyze the causal effect of product and process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence suggests there is not a contemporaneous effect of product...
Persistent link: https://www.econbiz.de/10010328209
The long-run economic performance of Latin America has been unsatisfactory especially in comparison with other emerging economies, which have been able to 'catch up' with developed countries. The historically low innovation and dynamic entrepreneurship rates have been identified as two of the...
Persistent link: https://www.econbiz.de/10011985534
This paper studies the separation of ownership and control of 108 listed companies in Colombia from 1996 to 2002, finding that voting rights are greater than cash flow rights because of indirect ownership across firms. The paper also examines the association of various ownership and control...
Persistent link: https://www.econbiz.de/10010327058