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This paper studies private saving decisions in Latin America in the 1990s, with special focus on corporate saving. We investigate the puzzling omission of corporate saving in private saving studies, and afterwards we cal...

The goal of this paper is twofold. First, we put together, for the first time, quantitative measures on the quality of the corporate governance and the ownership structure for 65 non-financial listed companies in Argenti...

ABSTRACT This article surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world.

In a corporation with many small owners, it may not pay any one of them to monitor the performance of the management. We explore a model in which the presence of a large minority shareholder provides a partial solution t...

This work proposal, addresses the problem of the limited capacity of local governments and corporations to generate value and improve their competitiveness through sustainable innovation. This is due to a lack of strateg...

If options are correctly priced in the market, it should not be possible to make sure profits by creating portfolios of long and short positions in options and their underlying stocks. Using this principle, a theoretical...