Entre familia y amigos: la elección de la estructura de propiedad corporativa

The document presents an analysis, developed under the framework of conflict theory, which models the choice of ownership structure as the result of a power struggle between the owner of a firm and potential shareholders. The theoretical model suggests that, when the system that protects property ri...

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Bibliographic Details
Main Author: Castillo Ponce, Ramón A.
Format: Online
Language:Spanish
Editor: El Colegio de México, A.C. 2007
Subjects:
Online Access:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/150
Journal:

Estudios Económicos

Description
Summary:The document presents an analysis, developed under the framework of conflict theory, which models the choice of ownership structure as the result of a power struggle between the owner of a firm and potential shareholders. The theoretical model suggests that, when the system that protects property rights is inefficient, the choice of keeping the ownership of the firm within the family represents the strategy that provides the owner the highest value when going public.