Efecto moderador del gobierno corporativo sobre la relación entre diversificación y desempeño operativo en las empresas mexicanas
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Arango Herrera, E. ., Briseño García, A., García Mata, O., & Rubalcava de Leon, C. A. (2024). Efecto moderador del gobierno corporativo sobre la relación entre diversificación y desempeño operativo en las empresas mexicanas. Acta Universitaria, 34, 1–19. https://doi.org/10.15174/au.2024.3991

Resumen

Este documento tiene como objetivo analizar el efecto moderador del gobierno corporativo en la relación entre la diversificación de negocios y el desempeño operativo. La literatura sobre diversificación muestra evidencia empírica de que la diversificación puede generar rendimientos negativos y positivos en la empresa; sin embargo, hasta donde sabemos, pocos estudios empíricos han tenido en cuenta el impacto del gobierno corporativo para arrojar luz sobre esta relación. Se utilizaron datos secundarios de 134 compañías listadas en la Bolsa Mexicana de Valores (BMV) durante el periodo 2011-2018, los cuales fueron sometidos a técnicas de análisis de datos panel. El principal hallazgo muestra un efecto positivo en la implementación de prácticas de gobierno corporativo cuando la diversificación se presenta en su forma no relacionada. Este hallazgo permite identificar las condiciones en las cuales la diversificación alcanza mejores resultados para las empresas que utilizan esta estrategia de crecimiento.

https://doi.org/10.15174/au.2024.3991
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