Desempeño de las empresas y factores institucionales en Colombia, 2002-2007
Fecha
2011
Autores
Ramírez Hassan, Andrés
Cadavid Montoya, Ramiro
García Peláez, Santiago
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Título de la revista
ISSN de la revista
0124-5996
Título del volumen
Editor
Universidad Externado
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Resumen
In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analysed companies are affected by these factors. Institutions associated with property rights and contract compliance have significant effects on the growth of the firms. On the other hand, financial development does not have a significant effect.