GARCIA-MENESES, Erika; RODRIGUEZ-ESPINOSA, María de Lourdes    CASTILLO-PONCE, Ramón A. Corporate Ownership Structure and Economic Growth. []. , 23, 49, pp.31-40. ISSN 0121-5051.

In this document we evaluate the relationship between economic growth and firm ownership structure. We consider a sample of 26 countries with investment, openness, education and a measure of ownership structure that distinguishes between family and non-family firms as explanatory variables. The results suggest a significant and positive association between growth and the first three variables. With respect to the ownership measure, we find a negative relationship. That is, when family ownership prevails in a nation, the performance of the aggregate economy tends to be weak; compared with the case when ownership is dispersed.

: Economic Growth; Corporate Ownership Structure; Institutions.

        · | | |     · |     · ( pdf )