Spillovers from the international market and the performance of family firms: evidence from an emerging market
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- dc.contributor.author Robles Contreras, Valeria Yamel
- dc.date.accessioned 2020-11-20T16:54:30Z
- dc.date.available 2020-11-20T16:54:30Z
- dc.date.issued 2020
- dc.description Master of Science in Management (UPF Barcelona Shcool of Management) Curs 2019-2020ca
- dc.description Mentor: Mircea Epure
- dc.description.abstract This study analyzes the performance of Ecuadorian firms, depending on their ownership and corporate governance structure, when facing a shock with negative spillovers from the international market. Using data on 67,279 firm-year observations pertaining to 16,468 medium and large companies in Ecuador from 2011 to 2017, I find that firms that are family-owned and controlled suffer more from a negative internationally transmitted shock into the local economy. Furthermore, the results show that the greater negative impact of the shock on family firms could be driven either by their inertia to undertake divestitures or by their lower ability to access alternative sources of financing.ca
- dc.format.mimetype application/pdf*
- dc.identifier.uri http://hdl.handle.net/10230/45828
- dc.language.iso engca
- dc.rights This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licenseca
- dc.rights.accessRights info:eu-repo/semantics/openAccessca
- dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/ca
- dc.subject.other Treball de fi de màster – Curs 2019-2020ca
- dc.subject.other family firmsca
- dc.subject.other spilloversca
- dc.subject.other international marketca
- dc.subject.other trade financingca
- dc.subject.other divestmentca
- dc.title Spillovers from the international market and the performance of family firms: evidence from an emerging marketca
- dc.type info:eu-repo/semantics/masterThesisca