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"A Comparative Analysis of Corporate Governance Systems in Latin America: Argentina, Brazil, Chile, Colombia and Venezuela"

Ruth V. Aguilera and Isabel Ermoli

 

First Author :

Ruth V. Aguilera
Business Administration
University of Illinois at Champaign-Urbana
College of Business
1206 South Sixth St.
Champaign, IL 61820
USA

217-333-7090
217-244-7969 (Fax)

ruth-agu@uiuc.edu

http://www.business.uiuc.edu/faculty/aguilera.html


Second Author :

Isabel Ermoli
University of Illinois at Champaign-Urbana

iermoli@earthlink.net

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Abstract :
 
This paper analyzes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment by explaining changes over time as well as existing corporate governance systems. We use a stakeholder definition of corporate governance that includes examining insiders such as owners and boards of directors as well as outsiders such as employees. This corporate governance perspective allows for a systematic cross-national comparison.
 
 
Manuscript Received : 2005
Manuscript Published : 2005
 
 
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