The influence of family and pyramidal ownership on corporate diversification in Chile
| Author | dc.contributor.author | Espinosa Méndez, Christian | |
| Author | dc.contributor.author | Jara Bertín, Mauricio | |
| Author | dc.contributor.author | Maquieira, Carlos | |
| Admission date | dc.date.accessioned | 2018-07-17T16:53:00Z | |
| Available date | dc.date.available | 2018-07-17T16:53:00Z | |
| Publication date | dc.date.issued | 2018 | |
| Cita de ítem | dc.identifier.citation | North American Journal of Economics and Finance, 43 (2018): 158–168 | es_ES |
| Identifier | dc.identifier.other | https://doi.org/10.1016/j.najef.2017.10.012 | |
| Identifier | dc.identifier.uri | https://repositorio.uchile.cl/handle/2250/149943 | |
| Abstract | dc.description.abstract | In this paper we analyse the moderating effects of family nature and pyramidal ownership on the relationship between corporate diversification and performance in Chilean companies. Using a sample of 104 companies listed on the Santiago Stock Exchange between 2005 and 2016, we report a diversification discount. Second, we find that when firms are owned by a family, the relationship between performance and diversification is positive. However, when family ownership is pyramidal, the relationship between performance and diversification becomes negative. | es_ES |
| Lenguage | dc.language.iso | en | es_ES |
| Publisher | dc.publisher | Elsevier | es_ES |
| Type of license | dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Chile | * |
| Link to License | dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | * |
| Source | dc.source | North American Journal of Economics and Finance | es_ES |
| Keywords | dc.subject | Family firms | es_ES |
| Keywords | dc.subject | Pyramidal ownership | es_ES |
| Keywords | dc.subject | Corporate diversification | es_ES |
| Keywords | dc.subject | Firm value | es_ES |
| Título | dc.title | The influence of family and pyramidal ownership on corporate diversification in Chile | es_ES |
| Document type | dc.type | Artículo de revista | |
| Cataloguer | uchile.catalogador | tjn | es_ES |
| Indexation | uchile.index | Artículo de publicación ISI | es_ES |
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Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile