Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.

Autores:
Bedoya Ríos, Beatriz Elena
Giraldo Prieto, Cesar Augusto
Guevara Sanabria, Jaime Alberto
Tipo de recurso:
Article of journal
Fecha de publicación:
2018
Institución:
Universidad de Cartagena
Repositorio:
Repositorio Universidad de Cartagena
Idioma:
spa
OAI Identifier:
oai:repositorio.unicartagena.edu.co:11227/13822
Acceso en línea:
https://hdl.handle.net/11227/13822
https://doi.org/10.32997/2463-0470-vol.26-num.2-2018-2236
Palabra clave:
Gobierno corporativo
Estructura de propiedad
Accionistas controlantes
Desempeño financiero
Corporate governance
Ownership structure
Controlling shareholder
Financial performance
Rights
openAccess
License
Panorama Económico - 2018
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network_acronym_str UCART2
network_name_str Repositorio Universidad de Cartagena
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dc.title.spa.fl_str_mv Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
dc.title.translated.eng.fl_str_mv Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders.
title Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
spellingShingle Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
Gobierno corporativo
Estructura de propiedad
Accionistas controlantes
Desempeño financiero
Corporate governance
Ownership structure
Controlling shareholder
Financial performance
title_short Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
title_full Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
title_fullStr Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
title_full_unstemmed Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
title_sort Estructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.
dc.creator.fl_str_mv Bedoya Ríos, Beatriz Elena
Giraldo Prieto, Cesar Augusto
Guevara Sanabria, Jaime Alberto
dc.contributor.author.spa.fl_str_mv Bedoya Ríos, Beatriz Elena
Giraldo Prieto, Cesar Augusto
Guevara Sanabria, Jaime Alberto
dc.subject.spa.fl_str_mv Gobierno corporativo
Estructura de propiedad
Accionistas controlantes
Desempeño financiero
topic Gobierno corporativo
Estructura de propiedad
Accionistas controlantes
Desempeño financiero
Corporate governance
Ownership structure
Controlling shareholder
Financial performance
dc.subject.eng.fl_str_mv Corporate governance
Ownership structure
Controlling shareholder
Financial performance
publishDate 2018
dc.date.accessioned.none.fl_str_mv 2018-04-01 00:00:00
dc.date.available.none.fl_str_mv 2018-04-01 00:00:00
dc.date.issued.none.fl_str_mv 2018-04-01
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.doi.none.fl_str_mv 10.32997/2463-0470-vol.26-num.2-2018-2236
dc.identifier.eissn.none.fl_str_mv 2463-0470
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dc.relation.references.spa.fl_str_mv Anderson, R., C. y Reeb., D. M. (2003). Board composition: Balancing family influence in S&P 500 Firms. Administrative Science Quarterly, 49(2), 209-237. https://doi.org/10.2307/4131472
Ayyagari M, (2004), Does cross-listing lead to functional convergence? Empirical evidence, World Bank Policy Research Working Paper No. 3264. https://doi.org/10.1596/1813-9450-3264
Benavides, J., Mongrut, S., and González, M. (2008), Family ownership and firm performance in Peru, Working Paper, Monterrey: Universidad ICESI.
Berle, Adolf y Means, Gardiner. (1932). The modern corporation and private property, New York: Hardcourt, Brace and World.
Burkart, M., Panunzi, F., Shleifer, A. (2003). Family firms, Journal of Finance. 58 (5), 2167-2202. https://doi.org/10.1111/1540-6261.00601
Chong, A., López-de-Silanes, F., (2007). Corporate governance in Latin America, Inter-American development bank. Working paper 59. University of Amsterdam. https://doi.org/10.2139/ssrn.1820067
Claessens, S., Djankov, S., and Pohl, G. (1996). Ownership and corporate governance: Evi-dence from the Czech Republic, Policy Re- search Working Paper 1737. Washington: World Bank.
Dehkalani, N. M., Asadi, A., & Kordlouie, H., R. (2015). The relationship between institutional ownership with the current financial performance of the firms listed in bombay stock exchange. International Journal Of Management, Accounting & Economics, 2(6), 571-583.
Denis, Diane (2001). Twenty-five years of corporate gobernance research … and counting. Review of Financial economics. Vol 10, pp 191-212. https://doi.org/10.1016/S1058-3300(01)00037-4
Demsetz, H., and Lehn, K. (1985). The structure of corporate ownership: Causes and consequences, Journal of Political Economy. 93 (6), 1155-1. https://doi.org/10.1086/261354
Earle, J., Kucsera, C., and Telegdy, A. (2005). Ownership concentration and corporate performance on the Budapest stock exchange: do too many cooks spoil the goulash, Corporate Governance: An International Review. 13(2). 254-264. https://doi.org/10.1111/j.1467-8683.2005.00420.x
Echeverry, J. C. (2015). Ecopetrol reduce 28% su patrimonio con implementación de NIIF. Retrieved December 5, 2015, from http://www.dinero.com/empresas/articulo/ecopetrol-vera-afectados-balances-implementacion-normas-niif/208453
Ersoy, H., & Koy, A. (2015). The relationship between corporate performance and ownership structure: evidence from Turkey, EMAJ: Emerging Markets Journal. 5(2), 9-18, https://doi.org/10.5195/EMAJ.2015.75
Espinosa Méndez, C., & Maquieira Villanueva, C. (2010). Desempeño y concentración de la propiedad en empresas chilenas emisoras de American Depositary Recipts (ADR). Cuadernos de Administración (01203592). 23(40), 95-116.
Fuenzalida D., Mongrut S., Benavides J. (2008) Estructura propietaria y rendimientos bursátiles en Suramérica, Cuadernos de administración. Vol 21, No 35 pp 11-35.
González, Maximiliano; Guzmán, Alexander; Pombo, Carlos; Trujillo, María-A, (2012) Family firms and financial performance: The cost of growing, Emerging Markets Review, 13(4), 626-649. https://doi.org/10.1016/j.ememar.2012.09.003
Hoskisson, Robert, Johnson, Richard y Moesel, Douglas (1994), Corporate divestiture intensity in restructuring firms: Effects of governance, Strategy, and Performance, Academy of Management Journal, 37(5). pp, 1207-1251. https://doi.org/10.2307/256671
Jensen, M., C., y Meckling, W., H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics. 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R. (1998). Law and finance. Journal of Political Economy. 106 (6). 1113-1155. https://doi.org/10.1086/250042
La Porta, R., Lopez-de-Silanes, F., y Shleifer, A. (1999). Corporate ownership around the world. The Journal of Finance. 54(2), 471-517. https://doi.org/10.1111/0022-1082.00115
Leech, D., and Leahy, J. (1991). Ownership structure,control type classifications and the performance of large British companies. The Economic Journal. 101 (409). 1418-1437. https://doi.org/10.2307/2234893
Lefort, F. (2003). Estructura de Propiedad y control de las empresas Latinoamericanas. Administración y economía UC. 53, 12-15.
Lins, K. (2002). Equity ownership and firm value in emerging markets. Journal of Financial and Quantitative Analysis. 38, 159-184. https://doi.org/10.2307/4126768
Loderer, C., y Martin, K. (1997). Executive stock ownership and performance tracking faint traces. Journal of Financial Economics. 45(2), 223-255. https://doi.org/10.1016/S0304-405X(97)00017-2
López Iturriaga, F., & Saona Hoffmann, P. (2007). Endeudamiento, dividendos y Estructura de propiedad como determinantes de los problemas de agencia en la gran empresa española. Cuadernos de Economía y Dirección de la Empresa. 10(31). 119-146, https://doi.org/10.1016/S1138-5758(07)70085-3
Martin de Holan, P., y Sanz, L. (2006). Protected by the family? How closely held family firms protect minority shareholders. Journal of Business Research, 59(3), 356-359. https://doi.org/10.1016/j.jbusres.2005.09.009
Morck, R., Shleifer, A., and Vishny, R., (1988), Management ownership and market valuation: An empirical analysis. Journal of Financial Economics. 20, 293-316. https://doi.org/10.1016/0304-405X(88)90048-7
Pivovarsky, A. (2003). Ownership concentration and performance in Ukraine's privatized enterprises. IMF Staff Paper. 50(1), 10-42.
Shleifer, Andrei and Vishny, Robert. (1997). A Survey of Corporate Governance. The Journal of Finance. Vol, 52, No, 2 (Jun, 1997), pp, 737-783. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x
Xu, X., and Wang, Y., (1997). Ownership structure, corporate governance and corporate performance: The case of Chinese stock companies, Washington: Economic Development Institute- The World Bank.
Zuñiga, Sergio y Soria, Karla (2013). Relación entre desempeño corporativo y Estructura de Propiedad en Chile. Revista venezolana de gerencia. Vol 18, No 63, pp 457-475. https://doi.org/10.31876/revista.v18i63.11123
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spelling Bedoya Ríos, Beatriz ElenaGiraldo Prieto, Cesar AugustoGuevara Sanabria, Jaime Alberto2018-04-01 00:00:002018-04-01 00:00:002018-04-010122-8900https://hdl.handle.net/11227/1382210.32997/2463-0470-vol.26-num.2-2018-22362463-0470https://doi.org/10.32997/2463-0470-vol.26-num.2-2018-2236application/pdfspaUniversidad de CartagenaPanorama Económicohttps://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/download/2236/1831Núm. 2 , Año 2018244222526Anderson, R., C. y Reeb., D. M. (2003). Board composition: Balancing family influence in S&P 500 Firms. Administrative Science Quarterly, 49(2), 209-237. https://doi.org/10.2307/4131472Ayyagari M, (2004), Does cross-listing lead to functional convergence? Empirical evidence, World Bank Policy Research Working Paper No. 3264. https://doi.org/10.1596/1813-9450-3264Benavides, J., Mongrut, S., and González, M. (2008), Family ownership and firm performance in Peru, Working Paper, Monterrey: Universidad ICESI.Berle, Adolf y Means, Gardiner. (1932). The modern corporation and private property, New York: Hardcourt, Brace and World.Burkart, M., Panunzi, F., Shleifer, A. (2003). Family firms, Journal of Finance. 58 (5), 2167-2202. https://doi.org/10.1111/1540-6261.00601Chong, A., López-de-Silanes, F., (2007). Corporate governance in Latin America, Inter-American development bank. Working paper 59. University of Amsterdam. https://doi.org/10.2139/ssrn.1820067Claessens, S., Djankov, S., and Pohl, G. (1996). Ownership and corporate governance: Evi-dence from the Czech Republic, Policy Re- search Working Paper 1737. Washington: World Bank.Dehkalani, N. M., Asadi, A., & Kordlouie, H., R. (2015). The relationship between institutional ownership with the current financial performance of the firms listed in bombay stock exchange. International Journal Of Management, Accounting & Economics, 2(6), 571-583.Denis, Diane (2001). Twenty-five years of corporate gobernance research … and counting. Review of Financial economics. Vol 10, pp 191-212. https://doi.org/10.1016/S1058-3300(01)00037-4Demsetz, H., and Lehn, K. (1985). The structure of corporate ownership: Causes and consequences, Journal of Political Economy. 93 (6), 1155-1. https://doi.org/10.1086/261354Earle, J., Kucsera, C., and Telegdy, A. (2005). Ownership concentration and corporate performance on the Budapest stock exchange: do too many cooks spoil the goulash, Corporate Governance: An International Review. 13(2). 254-264. https://doi.org/10.1111/j.1467-8683.2005.00420.xEcheverry, J. C. (2015). Ecopetrol reduce 28% su patrimonio con implementación de NIIF. Retrieved December 5, 2015, from http://www.dinero.com/empresas/articulo/ecopetrol-vera-afectados-balances-implementacion-normas-niif/208453Ersoy, H., & Koy, A. (2015). The relationship between corporate performance and ownership structure: evidence from Turkey, EMAJ: Emerging Markets Journal. 5(2), 9-18, https://doi.org/10.5195/EMAJ.2015.75Espinosa Méndez, C., & Maquieira Villanueva, C. (2010). Desempeño y concentración de la propiedad en empresas chilenas emisoras de American Depositary Recipts (ADR). Cuadernos de Administración (01203592). 23(40), 95-116.Fuenzalida D., Mongrut S., Benavides J. (2008) Estructura propietaria y rendimientos bursátiles en Suramérica, Cuadernos de administración. Vol 21, No 35 pp 11-35.González, Maximiliano; Guzmán, Alexander; Pombo, Carlos; Trujillo, María-A, (2012) Family firms and financial performance: The cost of growing, Emerging Markets Review, 13(4), 626-649. https://doi.org/10.1016/j.ememar.2012.09.003Hoskisson, Robert, Johnson, Richard y Moesel, Douglas (1994), Corporate divestiture intensity in restructuring firms: Effects of governance, Strategy, and Performance, Academy of Management Journal, 37(5). pp, 1207-1251. https://doi.org/10.2307/256671Jensen, M., C., y Meckling, W., H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics. 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-XLa Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R. (1998). Law and finance. Journal of Political Economy. 106 (6). 1113-1155. https://doi.org/10.1086/250042La Porta, R., Lopez-de-Silanes, F., y Shleifer, A. (1999). Corporate ownership around the world. The Journal of Finance. 54(2), 471-517. https://doi.org/10.1111/0022-1082.00115Leech, D., and Leahy, J. (1991). Ownership structure,control type classifications and the performance of large British companies. The Economic Journal. 101 (409). 1418-1437. https://doi.org/10.2307/2234893Lefort, F. (2003). Estructura de Propiedad y control de las empresas Latinoamericanas. Administración y economía UC. 53, 12-15.Lins, K. (2002). Equity ownership and firm value in emerging markets. Journal of Financial and Quantitative Analysis. 38, 159-184. https://doi.org/10.2307/4126768Loderer, C., y Martin, K. (1997). Executive stock ownership and performance tracking faint traces. Journal of Financial Economics. 45(2), 223-255. https://doi.org/10.1016/S0304-405X(97)00017-2López Iturriaga, F., & Saona Hoffmann, P. (2007). Endeudamiento, dividendos y Estructura de propiedad como determinantes de los problemas de agencia en la gran empresa española. Cuadernos de Economía y Dirección de la Empresa. 10(31). 119-146, https://doi.org/10.1016/S1138-5758(07)70085-3Martin de Holan, P., y Sanz, L. (2006). Protected by the family? How closely held family firms protect minority shareholders. Journal of Business Research, 59(3), 356-359. https://doi.org/10.1016/j.jbusres.2005.09.009Morck, R., Shleifer, A., and Vishny, R., (1988), Management ownership and market valuation: An empirical analysis. Journal of Financial Economics. 20, 293-316. https://doi.org/10.1016/0304-405X(88)90048-7Pivovarsky, A. (2003). Ownership concentration and performance in Ukraine's privatized enterprises. IMF Staff Paper. 50(1), 10-42.Shleifer, Andrei and Vishny, Robert. (1997). A Survey of Corporate Governance. The Journal of Finance. Vol, 52, No, 2 (Jun, 1997), pp, 737-783. https://doi.org/10.1111/j.1540-6261.1997.tb04820.xXu, X., and Wang, Y., (1997). Ownership structure, corporate governance and corporate performance: The case of Chinese stock companies, Washington: Economic Development Institute- The World Bank.Zuñiga, Sergio y Soria, Karla (2013). Relación entre desempeño corporativo y Estructura de Propiedad en Chile. Revista venezolana de gerencia. Vol 18, No 63, pp 457-475. https://doi.org/10.31876/revista.v18i63.11123Panorama Económico - 2018https://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessEsta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2236Gobierno corporativoEstructura de propiedadAccionistas controlantesDesempeño financieroCorporate governanceOwnership structureControlling shareholderFinancial performanceEstructura de propiedad y desempeño financiero de las empresas colombianas desde la perspectiva del accionista controlante.Ownership structure and financial performance of colombian firms from the perspective of controlling shareholders.Artículo de revistainfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articleJournal articlePublicationOREORE.xmltext/xml2649https://repositorio.unicartagena.edu.co/bitstreams/9c79eb59-877a-443c-b4a3-ddc4bf917faa/download75ee5176e3cee386166dd73c0b2ad642MD5111227/13822oai:repositorio.unicartagena.edu.co:11227/138222024-09-05 15:19:40.891https://creativecommons.org/licenses/by-nc-sa/4.0Panorama Económico - 2018metadata.onlyhttps://repositorio.unicartagena.edu.coBiblioteca Digital Universidad de Cartagenabdigital@metabiblioteca.com