Corporate governance and international bond issues by Latin American corporations

cepal.articleNo2
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2018/26-P
cepal.docTypeRevistas
cepal.jelCodeF65
cepal.jelCodeG15
cepal.jelCodeG32
cepal.jobNumberRVI126_Nunez
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.topicEngBUSINESS STRATEGIES
cepal.topicEngECONOMETRICS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFINANCING AND EXTERNAL DEBT
cepal.topicEngCORPORATE GOVERNANCE
cepal.topicSpaECONOMETRÍA
cepal.topicSpaESTRATEGIAS EMPRESARIALES
cepal.topicSpaFINANCIAMIENTO Y DEUDA EXTERNA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaGOBIERNO CORPORATIVO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorLópez-Herrera, Francisco
dc.contributor.authorNúñez Reyes, Georgina
dc.contributor.authorPerrotini Hernández, Ignacio
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2019-04-08T21:42:42Z
dc.date.available2019-04-08T21:42:42Z
dc.date.issued2018-12-17
dc.description.abstractThis 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.
dc.formatTexto
dc.format.extentpáginas. 29-4
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2018/26-P
dc.identifier.urihttps://hdl.handle.net/11362/44556
dc.language.isoeng
dc.physicalDescriptionp. 29-42; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo126
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordGobierno corporativo y deuda internacional de empresas latinoamericanas
dc.relation.translationUrihttps://hdl.handle.net/11362/44301
dc.rights.coarDisponible
dc.subject.unbisEngBUSINESS FINANCING
dc.subject.unbisEngCORPORATE GOVERNANCE
dc.subject.unbisEngRULES AND REGULATIONS
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngBONDS
dc.subject.unbisEngCORPORATE DEBT
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaFINANCIAMIENTO DE EMPRESAS
dc.subject.unbisSpaGOBERNABILIDAD CORPORATIVA
dc.subject.unbisSpaREGLAS Y NORMAS
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaDEUDA DE LAS EMPRESAS
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleCorporate governance and international bond issues by Latin American corporations
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication32464392-ef70-4771-ada9-5f4270a5d127
relation.isAuthorOfPublication7c783f4d-7731-414d-9982-357f0091c70a
relation.isAuthorOfPublication04b73731-0549-48e8-a88d-85121af39ca0
relation.isAuthorOfPublication.latestForDiscovery32464392-ef70-4771-ada9-5f4270a5d127
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