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

dc.creator	Marisela Santiago
dc.creator	Cynthia J. Brown
dc.date	2009
dc.date.accessioned	2022-03-17T18:04:48Z
dc.date.available	2022-03-17T18:04:48Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=63112889001
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50315
dc.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.
dc.format	application/pdf
dc.language	en
dc.publisher	Centro de Investigaciones Comerciales e Iniciativas Académicas
dc.relation	http://www.redalyc.org/revista.oa?id=631
dc.rights	Forum Empresarial
dc.source	Forum Empresarial (Puerto Rico) Num.2 Vol.14
dc.subject	Administración y Contabilidad
dc.subject	Corporate governance
dc.subject	minority shareholders' rights
dc.subject	board of directors
dc.title	An Empirical Analysis of Latin American Board of Directors and Minority Shareholders' Rights
dc.type	artículo científico