Maximiliano Gonzalez

Universidad de los Andes

Associate Professor

Calle 21 No. 1-20

Costado Occidental

Bogotá, AK Cundinamarca 1

Colombia

Universidad de los Andes, Colombia - School of Management

Associate Professor

Carrera Primera # 18A-12

Bogotá

Colombia

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 18,322

SSRN RANKINGS

Top 18,322

in Total Papers Downloads

5,645

TOTAL CITATIONS
Rank 17,218

SSRN RANKINGS

Top 17,218

in Total Papers Citations

39

Scholarly Papers (28)

1.

Ownership and Capital Structure in Latin America

Journal of Business Research, Vol. 63, No. 3, 2010
Number of pages: 7 Posted: 08 Feb 2011
Jacelly Céspedes, Maximiliano Gonzalez and Carlos Alberto Molina
Instituto de Estudios Superiores de Administración (IESA), Universidad de los Andes and IESA
Downloads 591 (95,252)
Citation 3

Abstract:

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Capital Structure, Ownership Control, Emerging Markets, Latin America

2.

Family Firms and Debt: Risk Aversion versus Risk of Losing Control

Journal of Business Research, 66(11):2308-2320
Number of pages: 29 Posted: 12 Jul 2010 Last Revised: 19 Aug 2013
Universidad de los Andes, CESA School of Business, Universidad de los Andes, Colombia - School of Management and CESA School of Business
Downloads 447 (134,019)
Citation 9

Abstract:

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Family businesses, family control, capital structure, Colombia

Corporate Governance and Firm Value: The Case of Venezuela

Corporate Governance International Review, Vol. 16, No. 3, pp. 194-209, 2008
Number of pages: 17 Posted: 07 Feb 2011
Urbi Garay and Maximiliano Gonzalez
Instituto de Estudios Superiores de Administración (IESA) and Universidad de los Andes
Downloads 420 (142,711)

Abstract:

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Corporate governance rating/index, corporate performance, South America

Corporate Governance and Firm Value: The Case of Venezuela

Corporate Governance: An International Review (2008, 16, 3, May, pp. 194-209)
Posted: 28 Feb 2023
Urbi Garay and Maximiliano Gonzalez
Instituto de Estudios Superiores de Administración (IESA) and Universidad de los Andes

Abstract:

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Corporate Governance Rating/index, Corporate Performance, South America

4.

The Effect of Ownership Concentration and Composition on Dividends: Evidence from Latin America

Number of pages: 42 Posted: 06 Oct 2014 Last Revised: 22 Jul 2016
Maximiliano Gonzalez, Carlos Alberto Molina, Eduardo Pablo and John Rosso
Universidad de los Andes, IESA, Minnesota State University Moorhead and UPTC - Faculty of Economics and Management Sciences
Downloads 407 (149,532)

Abstract:

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Dividends; ownership concentration; international corporate governance

5.

Family Firms and Financial Performance: The Cost of Growing

Emerging Markets Review, 13(4), 626-649
Number of pages: 48 Posted: 12 Jul 2010 Last Revised: 29 Oct 2012
Universidad de los Andes, CESA School of Business, CESA School of Business and Universidad de los Andes, Colombia - School of Management
Downloads 374 (164,368)
Citation 1

Abstract:

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Family businesses, family control, financial performance, Colombia

6.

Tests of the Put-Call Parity Relation Using Options on Futures on the S&P 500 Index

Trading & Regulation, Vol. 9, No. 3, pp. 259-280, 2003
Number of pages: 23 Posted: 26 Jan 2011
Urbi Garay, Maximiliano Gonzalez and Maria Celina Ordonez
Instituto de Estudios Superiores de Administración (IESA), Universidad de los Andes and affiliation not provided to SSRN
Downloads 355 (174,186)

Abstract:

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put-call parity

7.

Family Businesses: A Literature Review from an Agency Perspective (In Spanish)

Cuadernos de Administración, Vol. 23, No. 40, pp. 11-33, 2010
Number of pages: 24 Posted: 26 Jul 2010 Last Revised: 12 Feb 2011
Universidad de los Andes, CESA School of Business, Universidad de los Andes, Colombia - School of Management and CESA School of Business
Downloads 353 (175,242)

Abstract:

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Family businesses, Agency problems, Corporate governance

8.

Family Involvement and Dividend Policy in Closely Held Firms

Midwest Finance Association 2013 Annual Meeting Paper, Family Business Review, DOI 10.1177/0894486514538448, Forthcoming
Number of pages: 43 Posted: 01 Sep 2012 Last Revised: 14 Jun 2014
Universidad de los Andes, CESA School of Business, Universidad de los Andes, Colombia - School of Management and CESA School of Business
Downloads 318 (195,931)
Citation 2

Abstract:

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Family firms, Dividend policy, Agency problems, Closely held firms, Colombia

9.

Internet-Based Corporate Disclosure and Market Value: Evidence from Latin America

Midwest Finance Association 2013 Annual Meeting Paper, Emerging Markets Review, Vol. 17, No. 1, 150-168
Number of pages: 35 Posted: 16 Sep 2012 Last Revised: 26 Jul 2014
Instituto de Estudios Superiores de Administración (IESA), Universidad de los Andes, CESA School of Business and CESA School of Business
Downloads 316 (197,309)
Citation 1

Abstract:

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corporate disclosure index, Internet, firm value, Latin America

10.

Governance, Sentiment Analysis and IPO Underpricing

Number of pages: 42 Posted: 06 Dec 2018
Universidad de los Andes, CESA School of Business, Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) and CESA School of Business
Downloads 209 (298,598)

Abstract:

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Governance, Sentiment Analysis, IPO Underpricing, Family Firms, Latin America

11.

The Role of Family Involvement on CEO Turnover: Evidence from Colombian Family Firms

Number of pages: 45 Posted: 20 Aug 2013 Last Revised: 08 Nov 2024
Universidad de los Andes, CESA School of Business, Universidad de los Andes, Colombia - School of Management and CESA School of Business
Downloads 192 (323,002)
Citation 5

Abstract:

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family businesses, CEO turnover, family control

12.

Family Firms and Financial Performance: The Cost of Growing

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 41 Posted: 29 Aug 2011
Universidad de los Andes, Colombia - School of Management, Universidad de los Andes, CESA School of Business and CESA School of Business
Downloads 191 (324,590)
Citation 5

Abstract:

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Family businesses, family control, financial performance, Colombia

13.

The Impact of CEO and Director Turnover on Financial Performance in Venezuela

Latin American Business Review, Vol. 7, No. 2, pp. 1-18, 2006
Number of pages: 19 Posted: 27 Jan 2011
Maximiliano Gonzalez, Rafael Garcia and Carolina Ortega
Universidad de los Andes, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 157 (385,630)

Abstract:

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Corporate governance, CEO and director turnover, financial performance, emerging markets, Venezuela

14.

Firm Performance and CEO Reputation Costs: New Evidence from Venezuelan Banking Crisis

Emerging Market Finance and Trade, Vol. 43, pp. 16-33, 2007
Number of pages: 19 Posted: 08 Feb 2011
Maximiliano Gonzalez, Urbi Garay and Carlos Alberto Molina
Universidad de los Andes, Instituto de Estudios Superiores de Administración (IESA) and IESA
Downloads 150 (400,625)

Abstract:

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Banking Crisis, CEO Reputation, Performance

15.

Herding Behavior Inside the Board: An Experimental Approach

Corporate Governance: An International Review, Vol. 14, No. 5, pp. 388-405, 2006
Number of pages: 19 Posted: 08 Feb 2011
Maximiliano Gonzalez, Renato Modernell and Elisa París
Universidad de los Andes, Instituto de Estudios Superiores de Administración (IESA) and Banco Mercantil - Mercantil Servicios Financieros
Downloads 140 (423,227)

Abstract:

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Corporate Boards, Herding Behaviour, Experimental Research Design

16.

What You Say and How You Say It: Information Disclosure in Latin American Firms

Center for Research in Economics and Finance (CIEF), Working Papers, No. 17-05
Number of pages: 38 Posted: 14 Apr 2019
Universidad de los Andes, CESA School of Business, Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) and CESA School of Business
Downloads 137 (430,570)
Citation 6

Abstract:

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Disclosure, Content Analysis, Corporate Governance, Firm Value

17.

CAPM Performance in the Caracas Stock Exchange from 1992 to 1998

International Review of Financial Analysis, Vol. 10, No. 3, 2001
Number of pages: 9 Posted: 27 Jan 2011
Maximiliano Gonzalez
Universidad de los Andes
Downloads 137 (430,570)
Citation 1

Abstract:

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CAPM, Venezuelan Stock Exchange

18.
Downloads 124 (465,565)
Citation 6

CEO and Director Turnover in Venezuela

IDB Working Paper No. 212
Number of pages: 72 Posted: 20 Apr 2011
Urbi Garay and Maximiliano Gonzalez
Instituto de Estudios Superiores de Administración (IESA) and Universidad de los Andes
Downloads 124 (467,611)
Citation 6

Abstract:

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CEO and Director Turnover in Venezuela

Interamerican Development Bank Working Paper No. R-517
Posted: 02 Jul 2008
Urbi Garay and Maximiliano Gonzalez
Instituto de Estudios Superiores de Administración (IESA) and Universidad de los Andes

Abstract:

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19.

Herding Behavior and Board Effectiveness

ACADEMIA: Revista LatinoAmericana de Administracion, Vol. 36, pp. 82-100, 2006
Number of pages: 20 Posted: 08 Feb 2011
Maximiliano Gonzalez
Universidad de los Andes
Downloads 118 (483,727)

Abstract:

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Board of Directors, Herding Behavior, Bayesian Models

20.

Dividends as a Signalling Mechanism: The Case of Illiquid Stock Markets

IMA Journal of Mathematical Management, Vol. 18, pp. 75-84, 2006
Number of pages: 10 Posted: 08 Feb 2011
Maximiliano Gonzalez and Luis Zamudio
Universidad de los Andes and affiliation not provided to SSRN
Downloads 110 (509,610)

Abstract:

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dividends, signalling, emerging markets, liquidity shocks

21.

The Value Effect of Sustainability: Evidence From Latin American ESG Bond Market

Number of pages: 31 Posted: 29 Aug 2023
Universidad de los Andes, Universidad de los Andes, Colombia - School of Management, CESA School of Business and CESA School of Business
Downloads 104 (530,701)

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ESG bonds, signaling theory, information asymmetry, stock prices, Latin American capital market.

22.

Topics and Methods in Economics, Finance, and Business Journals: A Content Analysis Enquiry

Number of pages: 27 Posted: 16 Dec 2018
Fundación Universitaria Konrad Lorenz, Universidad de los Andes, CESA School of Business, Universidad de los Andes, Colombia - School of Business Administration and CESA School of Business
Downloads 96 (560,225)

Abstract:

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Publish or perish, topics and methods, economics, finance, business and management

23.

The Role of Heirs in Family Businesses: The Case of Carvajal

Innovar, Vol. 20, No. 36, pp. 49-66
Number of pages: 17 Posted: 11 Aug 2010 Last Revised: 12 Feb 2011
Maximiliano Gonzalez, Alexander Guzmán and Maria-Andrea Trujillo
Universidad de los Andes, CESA School of Business and CESA School of Business
Downloads 90 (583,331)

Abstract:

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Family businesses, successions, heirs as managers

24.

Colombian ADRs: Why so Few?

Innovar Journal, Vol. 21, No. 42, pp. 69-87, December 2011
Number of pages: 19 Posted: 09 Mar 2012
Maria-Andrea Trujillo, Alexander Guzmán and Maximiliano Gonzalez
CESA School of Business, CESA School of Business and Universidad de los Andes
Downloads 86 (599,525)

Abstract:

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Corporate governance, ADRs, Economic and financial development, Internal conflict

25.

The Cost of Equity in Emerging Markets: The Latin American Case

Editorial UPTC, Colombia
Number of pages: 74 Posted: 29 Nov 2023
Urbi Garay, Maximiliano Gonzalez and John Rosso
Instituto de Estudios Superiores de Administración (IESA), Universidad de los Andes and UPTC - Faculty of Economics and Management Sciences
Downloads 23 (1,027,515)

Abstract:

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Asset pricing, international financial markets, country risk premium

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Agency theory, Corporate governance mechanisms, Functional Convergence

27.

Firm Performance and CEO Reputation Costs: New Evidence from the Venezuelan Banking Crisis

Emerging Markets Finance and Trade, Vol. 43, No. 3, 2007
Posted: 02 Jul 2008
Urbi Garay, Maximiliano Gonzalez and Carlos Alberto Molina
Instituto de Estudios Superiores de Administración (IESA), Universidad de los Andes and IESA

Abstract:

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Banking crisis, CEO reputation, performance

28.

Test of the Put-Call Parity Relation Using Options on Futures on the S&P 500 Index

Derivatives Use, Trading and Regulation, Vol. 9, No. 3, 2002
Posted: 02 Jul 2008
Urbi Garay, Maria Ordoñez and Maximiliano Gonzalez
Instituto de Estudios Superiores de Administración (IESA), affiliation not provided to SSRN and Universidad de los Andes

Abstract:

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Put-call parity, options on futures, S&P 500