Crisis and Diversification of Entrepreneur Groups at the End of the Nineties
Mario García Molina
Universidad Nacional de Colombia; Universidad Externado de Colombia
October 7, 2010
Documento FCE No. EE-17
The article studies the relation between the 1997 crisis and the diversification of the 5 main business groups in Colombia. The entropy measure of diversification did not fall during the crisis, which agrees with the risk-sharing hypothesis of business groups. Diversification fell after the crisis but this did not lead to the disappearance of business groups in Colombia.
Note: Downloadable document in Spanish.
Number of Pages in PDF File: 23
Keywords: Business Groups, Conglomerates, Financial Crises, Diversification, Corporate Governance
JEL Classification: G01, G32, G34, L16, L25working papers series
Date posted: October 9, 2010 ; Last revised: February 22, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.406 seconds