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Relación entre Concentración de Propiedad Familiar y Discrecionalidad directiva: Evidencia del caso de México

Author

Listed:
  • Juan Manuel San Martín Reyna

    (Departamento de Administración de Empresas, Universidad de las Américas Puebla)

  • Rocío Durán Vázquez

    (Departamento de Finanzas y Contaduría, Universidad de las Américas Puebla)

  • Jorge A. Durán Encalada

    (Centro de Investigación de Empresas Familiares, Universidad de las Américas Puebla)

Abstract

En este trabajo se evaluó el impacto de los tres diferentes tipos de estructura de propiedad (familiar, Institucional-financiera y no-familiares con participación significativa) en la calidad de la información financiera (de naturaleza devengada de los estados financieros), variable conocida como"earnings management" relativa a la discrecionalidad directiva (medida por el modelos de Jones (1991)): Para ello se utilizan los datos de 89 emisoras Mexicanas del periodo de 2005 a 2011, realizando el análisis econométrico considerando datos panel y efectos fijos de frecuencia anual. Se obtiene signo negativo en la relación entre estructura de propiedad familiar y discrecionalidad directiva, en la relación entre estructura de propiedad de financiamiento por medio de instituciones financieras.

Suggested Citation

  • Juan Manuel San Martín Reyna & Rocío Durán Vázquez & Jorge A. Durán Encalada, 2014. "Relación entre Concentración de Propiedad Familiar y Discrecionalidad directiva: Evidencia del caso de México," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 9(1), pages 19-35, Enero-Jun.
    • Handle: RePEc:imx:journl:v:9:y:2014:i:1:p:19-35
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    More about this item

    Keywords

    Estructura de propiedad; Discrecionalidad directiva; Calidad de la información financiera;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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