Desempeño de las empresas y factores institucionales en Colombia, 2002-2007
In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analysed companies are affected by these factors. Institutions associated wi...
- Autores:
-
Ramírez Hassan, Andrés
Cadavid Montoya, Ramiro
García Peláez, Santiago
- Tipo de recurso:
- Fecha de publicación:
- 2011
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/7558
- Acceso en línea:
- http://hdl.handle.net/10784/7558
- Palabra clave:
- neo-institutionalism
economic growth
violence
justice
financial development
industrial organization
dynamic models
generalized method of moments
Blundell-Bond method.
- Rights
- License
- openAccess
| Summary: | In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analysed companies are affected by these factors. Institutions associated with property rights and contract compliance have significant effects on the growth of the firms. On the other hand, financial development does not have a significant effect. |
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