Corporate Governance in Colombia

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Publisher : OECD Publishing
ISBN 13 : 9264281134
Total Pages : 128 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Corporate Governance in Colombia by : OECD

Download or read book Corporate Governance in Colombia written by OECD and published by OECD Publishing. This book was released on 2017-09-28 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review was prepared as part of the process of Colombia's accession to OECD Membership. It describes the corporate governance setting for both listed companies in Colombia and the state-owned sector.

Corporate Governance in Colombia

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Publisher :
ISBN 13 : 9789264189942
Total Pages : 124 pages
Book Rating : 4.1/5 (899 download)

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Book Synopsis Corporate Governance in Colombia by :

Download or read book Corporate Governance in Colombia written by and published by . This book was released on 2017 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance and Firm Valuation in Colombia

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Author :
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (313 download)

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Book Synopsis Corporate Governance and Firm Valuation in Colombia by : Luis H. Gutiérrez

Download or read book Corporate Governance and Firm Valuation in Colombia written by Luis H. Gutiérrez and published by . This book was released on 2007 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the separation of ownership and control of 108 listed companies in Colombia from 1996 to 2002, finding that voting rights are greater than cash flow rights because of indirect ownership across firms. The paper also examines the association of various ownership and control measures and separation ratios with a firm's value and performance for the same sample of companies that traded their stock from 1998 to 2002. Large blockholders were found to exert a positive influence upon a firm's valuation and performance, which validates the positive monitoring approach of large shareholders, but this relationship is not monotonic. The paper further reports results from a 2004 survey which suggests that Colombian firms have been slow to improve their corporate governance practices.

Corporate Valuation and Governance

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Publisher :
ISBN 13 :
Total Pages : 71 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Corporate Valuation and Governance by : Luis H. Gutierrez

Download or read book Corporate Valuation and Governance written by Luis H. Gutierrez and published by . This book was released on 2009 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines for the first time the association of different ownership and control measures and separation ratios with a firm's value and performance for 108 non-financial firms that traded their stock during the period 1998 to 2002. Large block holders were found to exert a positive influence upon a firm's valuation and performance, which validates the positive monitoring approach of large shareholders, but it was also found that this relationship is not monotonic, implying that when separation of control and ownership tends to increase, a negative effect is exerted on firm's valuation. This paper also reports the first estimates of a survey of corporate governance practices conducted in 2004 for 43 Colombian non-financial companies. The corporate governance index's (CGI) scores suggest that implementation of good governance in Colombian firms has been slow and poor, as measured by an index average that is below half the maximum attainable value. Regrettably, it was not possible to find any support to recent theories that predict a positive association between good governance practices-as measured by the CGI-and performance. At most, there exists a positive relationship for the sub-index, but the results were not statistically significant in general.

International Competition between Corporate Governance

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Publisher : Cuvillier Verlag
ISBN 13 : 3736917848
Total Pages : 208 pages
Book Rating : 4.7/5 (369 download)

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Book Synopsis International Competition between Corporate Governance by : Blanca-Monica Panqueva-Bernal

Download or read book International Competition between Corporate Governance written by Blanca-Monica Panqueva-Bernal and published by Cuvillier Verlag. This book was released on 2006-02-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation has shown that indeed the internationalization of production systems and the globalization of the markets for goods, services and capital have triggered and intensified the competition between corporate governance systems. Similar to the competition in other economic areas, where, for example, domestic goods and factor prices tend to converge to the world prices after opening to international competition, over the years the traditionally diverse corporate governance systems have become more homogeneous. The elements, provisions and aspects where convergence has made more progress are: boards’ form and functions, strong minority shareholders’ rights, universal banking systems, bankruptcy law, the capital market as an important corporate financing source, investor-oriented accounting standards (e.g. IFRS) and employee ownership as a means to motivate staff to undertake firm-specific investments. However, convergence does not mean that the national systems have equally moved towards each other, rather the Principal-Agent model, followed by the USA, has prevailed. The main reason for the dominance of the Principal-Agent model seems to be the preponderance of the US-economy, particularly on global financial markets. Although this is not a topic of this dissertation, in the last two decades a competition between capital market- and bank-centered financial systems can be observed. The capitalmarket centered financial system, recommended by the Principal-Agent model, has gained importance, whereas the traditional leading position of credit institutions has impressively decreased.

Corporate Governance and Firm Valuation in Colombia

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Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Corporate Governance and Firm Valuation in Colombia by : Luis H. Gutierrez

Download or read book Corporate Governance and Firm Valuation in Colombia written by Luis H. Gutierrez and published by . This book was released on 2009 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the separation of ownership and control of 108 listed companies in Colombia from 1996 to 2002, finding that voting rights are greater than cash flow rights because of indirect ownership across firms. The paper also examines the association of various ownership and control measures and separation ratios with a firm's value and performance for the same sample of companies that traded their stock from 1998 to 2002. Large blockholders were found to exert a positive influence upon a firm's valuation and performance, which validates the positive monitoring approach of large shareholders, but this relationship is not monotonic. The paper further reports results from a 2004 survey which suggests that Colombian firms have been slow to improve their corporate governance practices.

Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264116052
Total Pages : 78 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors by : OECD

Download or read book Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors written by OECD and published by OECD Publishing. This book was released on 2011-07-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.

Mercados de capitales y gobierno corporativo en Colombia

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (916 download)

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Book Synopsis Mercados de capitales y gobierno corporativo en Colombia by : Carlos Pombo Vejarano

Download or read book Mercados de capitales y gobierno corporativo en Colombia written by Carlos Pombo Vejarano and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance Country Assessment

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Corporate Governance Country Assessment by : Weltbank

Download or read book Corporate Governance Country Assessment written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report assesses the corporate governance policy framework, enforcement and compliance practices in Colombia. The capital markets are small relative to the economy and trading volume is low. The corporate sector is largely owned and controlled by family groups and conglomerates. The challenge is to create an environment where medium-sized companies can raise capital in the market and help them make the transition from tightly-controlled family firms to public companies. While pension funds represent a large and rapidly growing source of funds, they are reluctant to invest in equities. It has been demonstrated across countries that capital market development correlates positively with the degree of shareholder protection and good corporate governance. Awareness of the importance of corporate governance issues is growing. Success stories of privatizations linked with good corporate governance highlight the importance of the issue. Colombia is an interesting example of the interplay between legal changes and voluntary initiatives based on the incentive to attract capital. It has put a minimum corporate governance disclosure regime in place for companies that wish to be eligible for pension fund investments. The report makes policy recommendations that may be grouped under three broad headings: legislative reform, institutional strengthening and voluntary/private initiatives. The report recommends (1) adopting a securities bill as proposed by the securities regulator Supevalores; (2) adopting international standards and creating an independent audit oversight board; (3) improving enforcement; (4) enhancing compliance monitoring with the code of good governance; and (5) creating a director training organization.

Colombian SOEs: A Review Against the OECD Guidelines on Corporate Governance of State-owned Enterprises

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Author :
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (869 download)

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Book Synopsis Colombian SOEs: A Review Against the OECD Guidelines on Corporate Governance of State-owned Enterprises by : Héctor Lehuedé

Download or read book Colombian SOEs: A Review Against the OECD Guidelines on Corporate Governance of State-owned Enterprises written by Héctor Lehuedé and published by . This book was released on 2013 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the corporate governance practices of Colombian SOEs against the OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The assessment was prepared based on information provided by the Colombian authorities, an analysis of the available literature and interviews with authorities, consultants, academics, and company as well as stakeholder representatives. Following a brief introduction, Part A of the report provides information about the context in which Colombian SOEs operate, including the main aspects of the regulatory framework and its key actors. Part B refers successively to the different chapters of the Guidelines, evaluating Colombian norms and practices in their light. The final section sets out the report's conclusions and recommendations. Complementary information can be found in the five annexes. The review was prepared at the request of the Colombian authorities and approved by the OECD Working Party on State Ownership and Privatisation Practices.

Towards an Ownership Strategy for the Development of the Corporate Governance of Colombia Using Ecopetrol as a Role Model

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (841 download)

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Book Synopsis Towards an Ownership Strategy for the Development of the Corporate Governance of Colombia Using Ecopetrol as a Role Model by : Felipe Quintero Serrano

Download or read book Towards an Ownership Strategy for the Development of the Corporate Governance of Colombia Using Ecopetrol as a Role Model written by Felipe Quintero Serrano and published by . This book was released on 2012 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance of Company Groups in Latin America

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Publisher : OECD Publishing
ISBN 13 : 9264241728
Total Pages : 96 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Corporate Governance of Company Groups in Latin America by : OECD

Download or read book Corporate Governance of Company Groups in Latin America written by OECD and published by OECD Publishing. This book was released on 2015-09-18 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an overview of the challenges associated with corporate governance of company groups. Country-specific chapters look at Argentina, Brazil, Chile, Colombia, Mexico and Peru.

Corporate Governance and Firm Valuation in Colombia

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Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (821 download)

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Book Synopsis Corporate Governance and Firm Valuation in Colombia by : Estefania Molina Ungar

Download or read book Corporate Governance and Firm Valuation in Colombia written by Estefania Molina Ungar and published by . This book was released on 2011 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 241 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Corporate Governance and Firm Value

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Corporate Governance and Firm Value by : Juan Pablo Davila

Download or read book Corporate Governance and Firm Value written by Juan Pablo Davila and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Colombian SOEs

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis Colombian SOEs by : Héctor Lehuedé

Download or read book Colombian SOEs written by Héctor Lehuedé and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governing in Latin America

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Author :
Publisher : Springer Nature
ISBN 13 : 3030857808
Total Pages : 424 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Corporate Governing in Latin America by : Jonathan Callund

Download or read book Corporate Governing in Latin America written by Jonathan Callund and published by Springer Nature. This book was released on 2023-01-01 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Grounded in institutional theories, this volume offers a framework for understanding the evolution of corporate governance in the six leading Latin American countries, namely Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Applying inductive qualitative methods, it postulates the notion of governing as a dynamic, emergent and contextual process and traces its evolution and adaption to the different configurations of institutional logics in each country and the region as a whole over several decades. Adopting corporate governance scandals as the lens through which to observe institutional change in each country, this book reveals the sources of societal transformations, identifying key lessons as well as meaningful setbacks along the way. This edited collection helps appreciate the role and interactions of corporate elites, stakeholders and watchdogs, including the visible hands of government and multinational corporations, presenting comparisons across the countries, the region and the broader evolution of governing practices around the globe. The result is a book combining scholarly rigor and practical relevance, looking to serve as an emerging markets benchmark guide for practitioners, researchers and thinktanks alike.