Fusiones y adquisiciones en Latinoamérica, gobierno corporativo y modelo gravitacional

• Autores: Vasco, Mateo, Cortés, Lina M., Gaitán, Sandra, Durán, Iván A.
• Formato: artículo
• Fecha de Publicación: 2014
• Institución: Universidad ESAN
• Repositorio: Revistas - Universidad ESAN
• Lenguaje: inglés
• OAI Identifier: oai:ojs.pkp.sfu.ca:article/188
• Enlace del recurso: https://revistas.esan.edu.pe/index.php/jefas/article/view/188
• Nivel de acceso: acceso abierto
• Materia: Mergers and acquisitions; Corporate governance; Gravity model

In this study, and by making use of a gravity model, an analysis is made on whether transnational mergers and acquisitions (M&A) are influenced by the corporate governance standards of a country. The study only focuses on the M&A flows from the OECD countries towards Latinamerican economies, as well as using the Kaufmann indicators for measuring, among others, the corporate governance of a country. Evidence is found that the gravity model is explicative of the M&A flows, and that the better the level of corporate governance at both origin and destination countries, the greater is the M&As activity. DOI: http://dx.doi.org/10.1016/j.jefas.2014.10.003