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Re: Argentina--how the asset stripping took off




For what its worth, Universidad del CEMA is one of the most reactionary (i.e. neoliberal) universities/think tanks of Argentina. Ex finance minister Roque Fernandez (the guy who succeeded Cavallo in 1995) was from CEMA.

Alan


At 1/14/2002, you wrote:
Corporate Governance: An International Review

Corporate Governance in Argentina: the outcome of economic freedom (1991-2000)

Volume 9: Issue 4


Rodolfo Apreda: Universidad del Cema, Buenos Aires, Argentina

Abstract:

This paper develops and provides evidence for two statements: a) In
Argentina, there has been a
marked shift in ownership and control from big family-owned domestic
companies towards foreign
groups and investment funds, and b) While coping with governance issues,
Argentina has been
following the common law countries tradition, fostering a
capital-market-based financial system and
swapping its corporate governance practices outright. To ground these
statements on facts, I survey
corporate governance issues in this country before 1991, the underlying
legal framework, the new
rules of the game in capital structure and ownership as from 1991, largely
due to a wave of
privatisations, restructuring, mergers and acquisitions that took place
through the last decade.


Article Type: Original article

Page range: 298 - 310

5 Table(s) 13 Page(s)


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