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)