Corporate governance and international bond issues by Latin American corporations

This paper analyses the relationship between corporate bond issues and the existence of corporate governance frameworks that influence the development of financial markets by reducing information asymmetries and conflicts of interest. To this end, the international corporate bond market is reviewed...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Núñez Reyes, Georgina, Perrotini Hernández, Ignacio, López-Herrera, Francisco
Formato:	Texto
Lenguaje:	English
Publicado:	2019
Materias:	FINANCIAMIENTO DE EMPRESAS GOBERNABILIDAD CORPORATIVA REGLAS Y NORMAS MERCADOS DE CAPITAL BONOS DEUDA DE LAS EMPRESAS MODELOS ECONOMETRICOS BUSINESS FINANCING CORPORATE GOVERNANCE RULES AND REGULATIONS CAPITAL MARKETS BONDS CORPORATE DEBT ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/44556
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-11362-44556
record_format	dspace
spelling	oai-11362-445562019-06-19T16:45:18Z Corporate governance and international bond issues by Latin American corporations Núñez Reyes, Georgina Perrotini Hernández, Ignacio López-Herrera, Francisco FINANCIAMIENTO DE EMPRESAS GOBERNABILIDAD CORPORATIVA REGLAS Y NORMAS MERCADOS DE CAPITAL BONOS DEUDA DE LAS EMPRESAS MODELOS ECONOMETRICOS BUSINESS FINANCING CORPORATE GOVERNANCE RULES AND REGULATIONS CAPITAL MARKETS BONDS CORPORATE DEBT ECONOMETRIC MODELS This paper analyses the relationship between corporate bond issues and the existence of corporate governance frameworks that influence the development of financial markets by reducing information asymmetries and conflicts of interest. To this end, the international corporate bond market is reviewed and corporate governance standards in Brazil and in the four countries belonging to the Latin American Integrated Market (MILA) —Chile, Colombia, Mexico and Peru— are evaluated using a bond issues indicator developed by the Economic Commission for Latin America and the Caribbean (ECLAC), the Andean Development Corporation (CAF) and the Inter-American Development Bank (IDB). The evidence gathered using a probit panel model and a pooled probit model indicates that adherence to corporate governance standards can increase the likelihood that a firm will be able to carry out a successful international bond issue. 2019-04-08T21:42:42Z 2019-04-08T21:42:42Z 2018-12-17 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/44556 LC/PUB.2018/26-P 2 en CEPAL Review CEPAL Review 126 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN
institution	Cepal
collection	Cepal
language	English
topic	FINANCIAMIENTO DE EMPRESAS GOBERNABILIDAD CORPORATIVA REGLAS Y NORMAS MERCADOS DE CAPITAL BONOS DEUDA DE LAS EMPRESAS MODELOS ECONOMETRICOS BUSINESS FINANCING CORPORATE GOVERNANCE RULES AND REGULATIONS CAPITAL MARKETS BONDS CORPORATE DEBT ECONOMETRIC MODELS
spellingShingle	FINANCIAMIENTO DE EMPRESAS GOBERNABILIDAD CORPORATIVA REGLAS Y NORMAS MERCADOS DE CAPITAL BONOS DEUDA DE LAS EMPRESAS MODELOS ECONOMETRICOS BUSINESS FINANCING CORPORATE GOVERNANCE RULES AND REGULATIONS CAPITAL MARKETS BONDS CORPORATE DEBT ECONOMETRIC MODELS Núñez Reyes, Georgina Perrotini Hernández, Ignacio López-Herrera, Francisco Corporate governance and international bond issues by Latin American corporations
description	This paper analyses the relationship between corporate bond issues and the existence of corporate governance frameworks that influence the development of financial markets by reducing information asymmetries and conflicts of interest. To this end, the international corporate bond market is reviewed and corporate governance standards in Brazil and in the four countries belonging to the Latin American Integrated Market (MILA) —Chile, Colombia, Mexico and Peru— are evaluated using a bond issues indicator developed by the Economic Commission for Latin America and the Caribbean (ECLAC), the Andean Development Corporation (CAF) and the Inter-American Development Bank (IDB). The evidence gathered using a probit panel model and a pooled probit model indicates that adherence to corporate governance standards can increase the likelihood that a firm will be able to carry out a successful international bond issue.
format	Texto
author	Núñez Reyes, Georgina Perrotini Hernández, Ignacio López-Herrera, Francisco
author_facet	Núñez Reyes, Georgina Perrotini Hernández, Ignacio López-Herrera, Francisco
author_sort	Núñez Reyes, Georgina
title	Corporate governance and international bond issues by Latin American corporations
title_short	Corporate governance and international bond issues by Latin American corporations
title_full	Corporate governance and international bond issues by Latin American corporations
title_fullStr	Corporate governance and international bond issues by Latin American corporations
title_full_unstemmed	Corporate governance and international bond issues by Latin American corporations
title_sort	corporate governance and international bond issues by latin american corporations
publishDate	2019
url	http://hdl.handle.net/11362/44556
work_keys_str_mv	AT nunezreyesgeorgina corporategovernanceandinternationalbondissuesbylatinamericancorporations AT perrotinihernandezignacio corporategovernanceandinternationalbondissuesbylatinamericancorporations AT lopezherrerafrancisco corporategovernanceandinternationalbondissuesbylatinamericancorporations
_version_	1718441485177716736

Corporate governance and international bond issues by Latin American corporations

Ejemplares similares