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dc.contributor.author | Enríquez Perales, Sarela | |
dc.contributor.author | García Gómez, Conrado Diego | |
dc.contributor.author | Díez Esteban, José María | |
dc.contributor.author | Lizarzaburu Bolaños, Edmundo R. | |
dc.date.accessioned | 2022-07-05T08:36:13Z | |
dc.date.available | 2022-07-05T08:36:13Z | |
dc.date.issued | 2022 | |
dc.identifier.citation | Eurasian Business Review, 2022 | es |
dc.identifier.issn | 1309-4297 | es |
dc.identifier.uri | https://uvadoc.uva.es/handle/10324/53854 | |
dc.description | Producción Científica | es |
dc.description.abstract | This paper analyzes how a country’s formal institutional quality impacts the performance of listed companies across different Latin American countries (namely, Argentina, Brazil, Colombia, Mexico, Peru, and Chile) and industries. Latin America provides a unique setting to address this question due to the region’s high institutional instability. The sample consists of 571 large listed companies, with a total of 8576 observations, for the period 2004–2019. Results show that the quality of a country’s formal institutions is positively related to firm performance, measured through two alternative variables (ROA and Tobin’s Q). Additionally, countries that are signatories of the ICSID agreement provide companies with a more stable environment in which to do business, which ultimately has a positive impact on their performance. However, as the number of cases recorded before the ICSID increases, the relationship turns negative. The paper provides a more comprehensive understanding of formal institutions by considering six alternative governance dimensions. Moreover, international arbitration is found to be a substitute for formal institutions in Latin American countries. | es |
dc.format.mimetype | application/pdf | es |
dc.language.iso | eng | es |
dc.publisher | Springer | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | * |
dc.subject.classification | Formal institutions | es |
dc.subject.classification | ICSID | es |
dc.subject.classification | Arbitration | es |
dc.subject.classification | Firm performance | es |
dc.subject.classification | Latin America | es |
dc.title | Formal institutions, ICSID arbitration and firm performance: evidence from Latin America | es |
dc.type | info:eu-repo/semantics/article | es |
dc.rights.holder | © 2022 The Authors | es |
dc.identifier.doi | 10.1007/s40821-022-00213-4 | es |
dc.relation.publisherversion | https://link.springer.com/article/10.1007/s40821-022-00213-4 | es |
dc.identifier.publicationtitle | Eurasian Business Review | es |
dc.peerreviewed | SI | es |
dc.description.project | Ministerio de Ciencia e Innovación (Grant PID2020-114797GB-I00) | es |
dc.description.project | Publicación en abierto financiada por el Consorcio de Bibliotecas Universitarias de Castilla y León (BUCLE), con cargo al Programa Operativo 2014ES16RFOP009 FEDER 2014-2020 DE CASTILLA Y LEÓN, Actuación:20007-CL - Apoyo Consorcio BUCLE | es |
dc.identifier.essn | 2147-4281 | es |
dc.rights | Atribución 4.0 Internacional | * |
dc.type.hasVersion | info:eu-repo/semantics/publishedVersion | es |
dc.subject.unesco | 53 Ciencias Económicas | es |
dc.subject.unesco | 56 Ciencias Jurídicas y Derecho | es |
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