An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights

This paper examines the link between corporate governance structures and the potential for expropriation of minority shareholders' rights. Analysis of 97 firms from Brazil, Chile and Mexico that traded ADR shares in the United States between 2000 and 2002, indicates that increasing the size of...

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Detalles Bibliográficos
Autores principales: Marisela Santiago, Cynthia J. Brown
Formato: Artículo científico
Publicado: Centro de Investigaciones Comerciales e Iniciativas Académicas 2009
Materias:
Administración y Contabilidad
Corporate governance
minority shareholders' rights
board of directors
Acceso en línea:http://www.redalyc.org/articulo.oa?id=63112889001
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pr/pr-004&d=63112889001oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-63112889001oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Administración y Contabilidad
Corporate governance
minority shareholders' rights
board of directors
spellingShingle Administración y Contabilidad
Corporate governance
minority shareholders' rights
board of directors
Marisela Santiago
Cynthia J. Brown
An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
topic_facet Administración y Contabilidad
Corporate governance
minority shareholders' rights
board of directors
description This paper examines the link between corporate governance structures and the potential for expropriation of minority shareholders' rights. Analysis of 97 firms from Brazil, Chile and Mexico that traded ADR shares in the United States between 2000 and 2002, indicates that increasing the size of the board by inclusion of additional independent outside directors lowers the potential for expropriation of minority shareholders' rights. Also, increases in the tenure of independent outside directors, decreases in CEOs' shareholdings and more interlocking directors on a board all serve to lower the potential for expropriation of minority shareholders' rights.
format Artículo científico
Artículo científico
author Marisela Santiago
Cynthia J. Brown
author_facet Marisela Santiago
Cynthia J. Brown
author_sort Marisela Santiago
title An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
title_short An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
title_full An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
title_fullStr An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
title_full_unstemmed An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
title_sort empirical analysis of latin american board of directors and minority shareholders' rights
publisher Centro de Investigaciones Comerciales e Iniciativas Académicas
publishDate 2009
url http://www.redalyc.org/articulo.oa?id=63112889001
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pr/pr-004&d=63112889001oai
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