Examinando por Autor "Restrepo Castro, Luisa Fernanda"

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    Information disclosure and firm value : empirical evidence for MILA
    (Universidad EAFIT, 2020) Restrepo Castro, Luisa Fernanda; Téllez Falla, Diego Fernando
    Information disclosure is an important aspect of a company’s governance policy, affecting investor’s decision-making and firm value. The purpose of this study is to estimate the effect of information disclosed on firm value for firms in the Integrated Latin American Market (MILA) countries over the period 2011-2017. We use Structural Equations Modelling (SEM), where our latent variable “Disclosure Quality” is measured using five textualanalysisvariablesasindicators. Wefindapositiveandstatisticallysignificanteffect of “Disclosure Quality” on Firm Value.