Financial performance and stock prices into delisting companies in MSE

Autores/as

  • Heriberto García Texas A&M International University,

DOI:

https://doi.org/10.29105/rinn10.19-4

Resumen

Abstract. After the adoption of new regulations in Corporate Governance practices and Transparency following the trend of international financial markets, Mexican Stock Exchange has decreased in number of public companies during the last three decades we explored a comprehensive list of delisted companies during the same period to analyze and understand the motives and reasons of the deregistration process in Mexico. Delisted companies in MSE has experienced low financial performance and unexpected stable stock prices, our results
are related with systemic flaw in regulation, insider information and the opportunity to the MSE to increase in size and number of public companies.

Keywords: corporate governance, financial performance, insider information, regulation transparency

Resumen. Después de la adopción de nuevas regulaciones enfocadas a mejor gobierno corporativo y transparencia, la Bolsa Mexicana de Valores ha seguido la tendencia mundial en ambos conceptos sin embargo el número de compañías listadas ha decrecido en las últimas tres décadas. Exploramos las razones y motivos detrás del proceso de cancelación de registro de las compañías en México durante ese mismo periodo para entender mejor su funcionamiento. Encontramos que dichas compañías han tenido un desempeño financiero bajo y un inesperado precio de la acción estable, los resultados sugieren de que es probable que exista fuga de información a nivel sistema y la oportunidad de poder hacer crecer el número y tamaño de las compañías públicas.

Palabras clave: desempeño financiero, gobierno corporativo, información privilegiada, regulación, transparencia

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Publicado

2017-12-07

Cómo citar

García, H. (2017). Financial performance and stock prices into delisting companies in MSE. Innovaciones De Negocios, 10(19). https://doi.org/10.29105/rinn10.19-4