Crisis y diversificación de los grupos empresariales colombianos a finales de los noventa
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- William N. Goetzmann & Elisabeth Koll, 2005.
"The History of Corporate Ownership in China: State Patronage, Company Legislation, and the Issue of Control,"
NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 149-184,
National Bureau of Economic Research, Inc.
- William Goetzmann & Elisabeth Köll, 2004. "The History of Corporate Ownership in China: State Patronage, Company Legislation, and the Issue of Control," Yale School of Management Working Papers ysm450, Yale School of Management.
- Simon Johnson, 2000.
"Tunneling,"
American Economic Review, American Economic Association, vol. 90(2), pages 22-27, May.
- Simon Johnson & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1999. "Tunnelling," Harvard Institute of Economic Research Working Papers 1887, Harvard - Institute of Economic Research.
- Simon Johnson & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2000. "Tunnelling," NBER Working Papers 7523, National Bureau of Economic Research, Inc.
- Johnson, Simon & La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2000. "Tunneling," Scholarly Articles 30747165, Harvard University Department of Economics.
- Halit Gonenc & Ozgur B. Kan & Ece C. Karadagli, 2007. "Business Groups and Internal Capital Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(2), pages 63-81, April.
- Julian Franks & Colin Mayer & Stefano Rossi, 2005. "Spending Less Time with the Family: The Decline of Family Ownership in the United Kingdom," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 581-612, National Bureau of Economic Research, Inc.
- Sharon Belenzon & Tomer Berkovitz, 2010.
"Innovation in Business Groups,"
Management Science, INFORMS, vol. 56(3), pages 519-535, March.
- Sharon Belenzon & Tomer Berkovitz, 2007. "Innovation in Business Groups," CEP Discussion Papers dp0833, Centre for Economic Performance, LSE.
- Sharon Belenzon & Tomer Berkovitz, 2007. "Innovation in Business Groups," Economics Series Working Papers 368, University of Oxford, Department of Economics.
- Gonenc, Halit & Hermes, Niels, 2008. "Propping: Evidence from new share issues of Turkish business group firms," Journal of Multinational Financial Management, Elsevier, vol. 18(3), pages 261-275, July.
- Stein, Jeremy C, 1997.
"Internal Capital Markets and the Competition for Corporate Resources,"
Journal of Finance, American Finance Association, vol. 52(1), pages 111-133, March.
- Jeremy C. Stein, 1995. "Internal Capital Markets and the Competition for Corporate Resources," NBER Working Papers 5101, National Bureau of Economic Research, Inc.
- Fernando Lefort, 2005. "Ownership Structure And Corporate Governance In Latin America," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 8(1), pages 55-84.
- Combes, Pierre-Philippe & Lafourcade, Miren & Mayer, Thierry, 2005.
"The trade-creating effects of business and social networks: evidence from France,"
Journal of International Economics, Elsevier, vol. 66(1), pages 1-29, May.
- Pierre-Philippe Combes & Miren Lafourcade & Thierry Mayer, 2005. "The Trade Creating Effects of Business and Social Networks: Evidence from France," Post-Print hal-00268768, HAL.
- Pierre-Philippe Combes & Miren Lafourcade & Thierry Mayer, 2005. "The Trade Creating Effects of Business and Social Networks: Evidence from France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00268768, HAL.
- Richard P. Rumelt, 1982. "Diversification strategy and profitability," Strategic Management Journal, Wiley Blackwell, vol. 3(4), pages 359-369, October.
- Figueroa, Adolfo, 2008. "Competition and circulation of economic elites: Theory and application to the case of Peru," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 263-273, May.
- Friedman, Eric & Johnson, Simon & Mitton, Todd, 2003.
"Propping and tunneling,"
Journal of Comparative Economics, Elsevier, vol. 31(4), pages 732-750, December.
- Eric Friedman & Simon Johnson & Todd Mitton, 2003. "Propping and Tunneling," NBER Working Papers 9949, National Bureau of Economic Research, Inc.
- Antoin Murphy, 2005. "Corporate Ownership in France: The Importance of History," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 185-222, National Bureau of Economic Research, Inc.
- Masahiko Aoki, 2013.
"Toward an Economic Model of the Japanese Firm,"
Chapters, in: Comparative Institutional Analysis, chapter 18, pages 315-341,
Edward Elgar Publishing.
- Aoki, Masahiko, 1990. "Toward an Economic Model of the Japanese Firm," Journal of Economic Literature, American Economic Association, vol. 28(1), pages 1-27, March.
- Boehmer, Ekkehart, 2000.
"Business Groups, Bank Control, and Large Shareholders: An Analysis of German Takeovers,"
Journal of Financial Intermediation, Elsevier, vol. 9(2), pages 117-148, April.
- Ekkehart Boehmer, 1999. "Business Groups, Bank Control and Large Shareholders: An Analysis of German Takeovers," Working Papers 1999.20, Fondazione Eni Enrico Mattei.
- Fisman, Raymond & Khanna, Tarun, 2004. "Facilitating Development: The Role of Business Groups," World Development, Elsevier, vol. 32(4), pages 609-628, April.
- Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2005.
"The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada,"
NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 65-148,
National Bureau of Economic Research, Inc.
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2004. "The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada," NBER Working Papers 10635, National Bureau of Economic Research, Inc.
- Dieleman, Marleen & Sachs, Wladimir M., 2008. "Economies of connectedness: Concept and application," Journal of International Management, Elsevier, vol. 14(3), pages 270-285, September.
- Perotti, Enrico C. & Gelfer, Stanislav, 2001. "Red barons or robber barons? Governance and investment in Russian financial-industrial groups," European Economic Review, Elsevier, vol. 45(9), pages 1601-1617, October.
- Lee, Sangwoo & Park, Kwangwoo & Shin, Hyun-Han, 2009. "Disappearing internal capital markets: Evidence from diversified business groups in Korea," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 326-334, February.
- Bianco, Magda & Nicodano, Giovanna, 2006. "Pyramidal groups and debt," European Economic Review, Elsevier, vol. 50(4), pages 937-961, May.
- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
- Alex Jacquemin, 1975. "Une mesure entropique de la diversification des entreprises," Revue Économique, Programme National Persée, vol. 26(5), pages 834-838.
- Bertrand, Marianne & Johnson, Simon & Samphantharak, Krislert & Schoar, Antoinette, 2008.
"Mixing family with business: A study of Thai business groups and the families behind them,"
Journal of Financial Economics, Elsevier, vol. 88(3), pages 466-498, June.
- Marianne Bertrand & Simon Johnson & Krislert Samphantharak & Antoinette Schoar, 2008. "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them," NBER Working Papers 13738, National Bureau of Economic Research, Inc.
- Tybout, James, 1986. "A firm-level chronicle of financial crises in the Southern Cone," Journal of Development Economics, Elsevier, vol. 24(2), pages 371-400, December.
- Thomas I. Palley, 2002. "Endogenous Money: What it is and Why it Matters," Metroeconomica, Wiley Blackwell, vol. 53(2), pages 152-180, May.
- Tarun Khanna & Yishay Yafeh, 2005. "Business Groups and Risk Sharing around the World," The Journal of Business, University of Chicago Press, vol. 78(1), pages 301-340, January.
- Campbell, Terry II & Keys, Phyllis Y., 2002. "Corporate governance in South Korea: the chaebol experience," Journal of Corporate Finance, Elsevier, vol. 8(4), pages 373-391, October.
- Belenzon, Sharon & Berkovitz, Tomer, 2007. "Innovation in business groups," LSE Research Online Documents on Economics 19661, London School of Economics and Political Science, LSE Library.
- Marco Becht & J. Bradford DeLong, 2005. "Why Has There Been So Little Block Holding in America?," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 613-666, National Bureau of Economic Research, Inc.
- Leff, Nathaniel H, 1978. "Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups," Economic Development and Cultural Change, University of Chicago Press, vol. 26(4), pages 661-675, July.
- Krishna Palepu, 1985. "Diversification strategy, profit performance and the entropy measure," Strategic Management Journal, Wiley Blackwell, vol. 6(3), pages 239-255, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Randall Morck, 2011.
"Finance and Governance in Developing Economies,"
Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 375-406, December.
- Randall Morck, 2011. "Finance and Governance in Developing Economies," NBER Working Papers 16870, National Bureau of Economic Research, Inc.
- Sumon Kumar Bhaumik & Andros Gregoriou, 2010.
"‘Family’ Ownership, Tunnelling And Earnings Management: A Review Of The Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(4), pages 705-730, September.
- Sumon Bhaumik & Andros Gregoriou, 2009. "???Family??? ownership, tunneling and earnings management: A review of the literature," William Davidson Institute Working Papers Series wp954, William Davidson Institute at the University of Michigan.
- Viswanathan Nagarajan & Pitabas Mohanty & Apalak Khatua, 2023. "Financing effects of corporate diversification: A review," Review of Managerial Science, Springer, vol. 17(7), pages 2555-2585, October.
- Khosa,Amrinder & Ahmed,Kamran & Henry,Darren, 2019. "Ownership Structure, Related Party Transactions, and Firm Valuation," Cambridge Books, Cambridge University Press, number 9781108492195, January.
- Morck, Randall & Deniz Yavuz, M. & Yeung, Bernard, 2011.
"Banking system control, capital allocation, and economy performance,"
Journal of Financial Economics, Elsevier, vol. 100(2), pages 264-283, May.
- Randall Morck & M. Deniz Yavuz & Bernard Yeung, 2009. "Banking System Control, Capital Allocation, and Economy Performance," NBER Working Papers 15575, National Bureau of Economic Research, Inc.
- George, Rejie & Kabir, Rezaul, 2008.
"Business groups and profit redistribution: A boon or bane for firms?,"
Journal of Business Research, Elsevier, vol. 61(9), pages 1004-1014, September.
- George, R. & Kabir, M.R. & Douma, S.W., 2004. "Business Groups and Profit Redistribution : A Boon or Bane for Firms," Other publications TiSEM 065c6a3e-5b9a-40b7-9843-5, Tilburg University, School of Economics and Management.
- George, R. & Kabir, M.R. & Douma, S.W., 2004. "Business Groups and Profit Redistribution : A Boon or Bane for Firms," Discussion Paper 2004-124, Tilburg University, Center for Economic Research.
- Luis Alfonso Dau & Randall Morck & Bernard Yin Yeung, 2021. "Business groups and the study of international business: A Coasean synthesis and extension," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(2), pages 161-211, March.
- Claessens, Stijn & Fan, Joseph P.H. & Lang, Larry H.P., 2006.
"The benefits and costs of group affiliation: Evidence from East Asia,"
Emerging Markets Review, Elsevier, vol. 7(1), pages 1-26, March.
- Claessens, Stijn & Lang, Larry & Fan, Joseph P.H., 2002. "The Benefits and Costs of Group Affiliation: Evidence from East Asia," CEPR Discussion Papers 3364, C.E.P.R. Discussion Papers.
- Stijn Claessens & Joseph P. H. Fan & Larry H. P. Lang, 2002. "The Benefits and Costs of Group Affiliation: Evidence from East Asia," WIDER Working Paper Series DP2002-47, World Institute for Development Economic Research (UNU-WIDER).
- Randall Morck, 2005.
"How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy,"
NBER Chapters, in: Tax Policy and the Economy, Volume 19, pages 135-179,
National Bureau of Economic Research, Inc.
- Randall Morck, 2004. "How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy," NBER Working Papers 10944, National Bureau of Economic Research, Inc.
- Morck, Randall, 2006. "How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy," CEI Working Paper Series 2005-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Randall Morck & Bernard Yeung, 2009.
"Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance,"
Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 145-179, November.
- Randall Morck & Bernard Yeung, 2009. "Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance," NBER Working Papers 15042, National Bureau of Economic Research, Inc.
- Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 331-372, June.
- Randall Morck, 2009. "The Riddle of the Great Pyramids," NBER Working Papers 14858, National Bureau of Economic Research, Inc.
- Mario García Molina, 2010. "¿Disminuyó la diversificación de los grupos empresariales colombianos después de la apertura?," Documentos de Trabajo, Escuela de Economía 7659, Universidad Nacional de Colombia, FCE, CID.
- Richardson, Grant & Wang, Bei & Zhang, Xinmin, 2016. "Ownership structure and corporate tax avoidance: Evidence from publicly listed private firms in China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 12(2), pages 141-158.
- Heitor Almeida & Daniel Wolfenzon, 2005. "A Theory of Pyramidal Ownership and Family Business Groups," NBER Working Papers 11368, National Bureau of Economic Research, Inc.
- Yafeh, Yishay & Kandel, Eugene & ,, 2013.
"The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950,"
CEPR Discussion Papers
9759, C.E.P.R. Discussion Papers.
- Eugene Kandel & Konstantin Kosenko & Randall Morck & Yishay Yafeh, 2013. "The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950," NBER Working Papers 19691, National Bureau of Economic Research, Inc.
- Basu, Debarati & Sen, Kaustav, 2015. "Financial decisions by business groups in India: Is it “fair and square”?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 11(2), pages 121-137.
- Bansal, Shashank & Singh, Harminder, 2023. "Does market competition foster related party transactions? Evidence from emerging market," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
- Domenico Scalera & Alberto Zazzaro, 2009. "Do Inter-Firm Networks Make Access to Finance Easier? Issues and Empirical Evidence," Mo.Fi.R. Working Papers 25, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Carney, Michael & Estrin, Saul & Van Essen, Marc & Shapiro, Daniel, 2017. "Business groups reconsidered: beyond paragons and parasites," LSE Research Online Documents on Economics 87340, London School of Economics and Political Science, LSE Library.
More about this item
Keywords
Grupos empresariales; Conglomerados; Crisis financieras; Diversificación; Gobierno corporativo;All these keywords.
JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000178:007571. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Facultad de Ciencias Económicas Unal (email available below). General contact details of provider: https://edirc.repec.org/data/funalco.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.