On the substitution effect of board capital as a governance mechanism in emerging markets: Evidence from Latin-America

This paper analyzes the substitution effect of board capital as corporate governance mechanism on firm performance proxied by Tobin¿s Q under the context of weak legal regime for investor protection. The study focuses on Latin America as a representative emerging market that includes a dataset of 44...

Full description

Autores:

Pombo, Carlos
Pinto Gutiérrez, Cristian
Villamil Díaz, Jairo

Tipo de recurso:

Work document

Fecha de publicación:

2019

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

spa

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/41112

Acceso en línea:

http://hdl.handle.net/1992/41112

Palabra clave:

Corporate governance
Board capital
Heterogeneous boards
Firm performance
Emerging markets
G32, G34

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/