Aplicación del modelo gravitacional al impacto del gobierno corporativo en las fusiones y adquisiciones en Latinoamérica
In this study we analyze whether transnational mergers and acquisitions (M&As) are influenced by country level corporate governance standards. For this purpose, we use a gravity model. Additionally, this study focuses only on the M&As flows from the OECD countries towards Latinamerican econo...
- Autores:
-
Vasco, Mateo
Cortés, Lina M.
Gaitán, Sandra C.
Durán, Iván A.
- Tipo de recurso:
- Fecha de publicación:
- 2012
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/723
- Acceso en línea:
- http://hdl.handle.net/10784/723
- Palabra clave:
- Mergers and Acquisitions
Corporate Governance
Gravity Model
fusiones y adquisiciones
gobierno corporativo
modelo gravitacional
- Rights
- License
- Acceso abierto
| Summary: | In this study we analyze whether transnational mergers and acquisitions (M&As) are influenced by country level corporate governance standards. For this purpose, we use a gravity model. Additionally, this study focuses only on the M&As flows from the OECD countries towards Latinamerican economies, and we use the Kaufmann indicators as measures of country level corporate governance, among others. We find evidence that the gravity model is explicative of the M&As flows, and that the higher the level of corporate governance at both origin and destination countries, the greater the M&As activity. |
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