Importancia del Gobierno Corporativo en las sociedades financieras populares en México
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jun 30, 2019
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José Alfredo Torres Grimaldo
Abel María Cano Morales
http://orcid.org/0000-0002-5141-2756
http://orcid.org/0000-0002-5141-2756
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Resumen
El sector de ahorro y crédito popular en México se ha caracterizado por una baja participación en el sistema financiero; sin embargo, a principios de este siglo mostró un gran dinamismo en medio de un entorno regulatorio débil que llevó a la proliferación de supuestas cajas de ahorros. Para el año 2001, México tenía 630 entidades de ahorro y crédito con más de dos millones de miembros. Por lo tanto, era esencial regular este sector a través de la Ley de Ahorro y Crédito Popular del 4 de junio de 2001, además de reformar la Ley General de Sociedades Cooperativas. Hoy es necesario el compromiso de las empresas para que cumplan las regulaciones sobre Gobierno Corporativo y que los administradores y gerentes de las Sociedades Financieras Populares –SOFIPO– integren las prácticas de Gobierno Corporativo, en forma regular y recurrente, en su estrategia de crecimiento, fortalecimiento y permanencia en el sector.
Keywords
Popular savings and credit, popular financial company, corporate governanceahorro y crédito popular, gobierno corporativo, sociedad financiera popularpoupança popular e de crédito, empresa financeira popular, governança corporativa
References
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Weinstein, D. & Yafeh, Y. (1998). On the costs of a bank – Centered financial system: Evidence from the changing main bank relations in Japan. Journal of Finance, LIII(2), 635-672. https://doi.org/10.1111/0022-1082.254893
Zingales, L. (1997). Corporate Governance. Working Paper 6309, NBER, 125-149. DOI: https://doi.org/10.1432/77792:y:2014:i:1-2:p:187-216.
Aoki, M. & Hugh, P. (1994). The Japanese main bank system and it's relevancy for developing and transforming economies. Oxford University Press. DOI: https://doi.org/10.1093/0198288999.001.0001.
Baek, H., Johnson, D. & Kim, J. (2009). Managerial ownership, corporate governance, and voluntary disclosure. Journal of Business and Economic Studies, 15(2), 44-61. https://pdfs.semanticscholar.org/3b95/f12027fdb93d35c3e5f6817c70b92c9fb685.pdf.
Barney, J. (1990). The debate between traditional management theory and organizational economics: Substantive differences or intergroup conflict? Academy of Management Review, 15(3), 382-393. DOI: https://doi.org/10.5465/AMR.1990.4308815.
Barroso, C., Dominguez, M., Vecino, J. & Villegas, M. (2009). Does the team leverage the board ́s decisions? Corporate Governance: An International Review, 17, 744-761. https://www.sciencedirect.com/science/article/pii/S1135252312600379.
Cadbury, A. (1992). Report of the Committee on the Financial Aspects of Corporate Governance. London: Gee & Co. Ltd. DOI: https://doi.org/10.4236/jfrm.2019.82005.
Cadbury, A. (2002). Corporate Governance and Chairmanship: a Personal View. London: Oxford University Press. DOI: https://doi.org/10.4236/jfrm.2019.82004.
Cano, A. (2005) Gobierno corporativo como estrategia de desarrollo para evitar la corrupción empresarial. X Foro internacional de investigación en contaduría, administración y sistemas, México D.F. Memorias. Revista Contaduría y Administración, 217, 68-72.
Cano, A. (2007). Gobierno corporativo. Principales desarrollos en las empresas que cotizan en la Bolsa de Valores de Colombia. Medellín: Editorial Universidad de Medellín.
Cano. A. (2004). El gobierno corporativo y su influencia en el ambiente económico colombiano. Observatorio de la Economía Latinoamericana, 33, octubre. Texto completo en http://www.eumed.net/cursecon/ecolat/co/. Consultado el 7 de diciembre de 2018.
Cerbioni, F. & Parbonetti, A. (2007). Exploring the effects of corporate governance on intellectual capital Disclosure: An analysis of European biotechnology companies. https://doi.org/10.1080/09638180701707011
Denis, D. (2001). International corporate governance. Journal of Financial and Quantitative Analysis, 38, 1-36. DOI: https://doi.org/10.2307/4126771.
Dick, I. (2000). Ownership Structure, Legal Protections and Corporate Governance. Working Paper, Harvard University, pp. 174-192. https://dash.harvard.edu/handle/1/39526299.
Donaldson, L. (1990). The Ethereal hand: Organizational economics and management theory. Academy of Management Review, 15(3), 369-381. DOI: https://doi.org/10.5465/AMR.1990.4308806.
Donaldson, L. & Davis, J. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Australian Journal of Management, 16, 49-64. DOI: https://doi.org/10.1177/031289629101600103.
Dyck, I. (2001). Ownership structure, legal protections, and corporate governance. Annual World Bank Conference on Development Economics. The International Bank for Reconstruction and Development, Washington, 291-329.
Fernández-Rodríguez, J. (2004). Desempeño de las empresas propiedad de sus trabajadores: ¿Un modelo de gobierno corporativo laboral? INNOVAR. Revista de Ciencias Administrativas y Sociales, 22(43), 33-43. Recuperado de http://www.redalyc.org/articulo.oa?id=81824123004.
Franks, J. & Colin, M. (1996). Hostile takeovers and the correction of managerial failure. Journal of Financial Economics, 40(1), 147-159.
Jensen, M. & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3. https://doi.org/10.1016/0304-405X(76)90026-X.
Jensen, M. (2001). Value maximization, stakeholder theory, and the corporate objective function. Working Paper No. 01-09, Amos Tuck School of Business at Dartmouth College. https://doi.org/10.1111/j.1745-6622.2001.tb00434.x
Kirkpatrick, G. (2009). The corporate governance lessons from the financial crisis, Paris, OECD Steering Group on Corporate Governance. https://econpapers.repec.org/article/oecdafkad/5ksgjzphdv0x.htm.
La Porta, R. (2001). Comment on “Ownership structure, legal protections and corporate governance” by A, Dyck. Annual World Bank Conference on Development Economics. The International Bank for Reconstruction and Development, Washington, pp. 361-370. https://doi.org/10.1016/j.jfineco
Lander, G. (2004). What is Sarbanes Oxley? New York: McGraw-Hill.
López de Silanes, F. (1999). Corporate Governance ¿incentiva o frustra el mercado de capitales? Memorias. I Congreso Nacional de Mercado de capitales. Bolsa de Bogotá, Dinero, en asocio con Universidad de los Andes, Asociación de Fiduciarias, Bogotá noviembre 4 y 5.
Mayer, C., Franks, J. & Renneboog, L. (2001). Who disciplines management in poorly performing companies? Journal of Financial Intermediation, 10, 15-43.
Miwa, Y. & Ramseyer, J. (2001). The myth of the main bank: Japan and comparative corporate governance. Discussion Paper 333, Harvard Law School.
Nuevo Código de Comercio (2003). Editorial Legis S.A.
OCDE - Organización para la Cooperación y el Desarrollo Económico (1999). OECD Principles of Corporate Governance. https://www.oecd.org/daf/ca/corporategovernanceprinciples/31557724.pdf
OCDE - Organización para la Cooperación y el Desarrollo Económico (2004). White Paper sobre Gobierno Corporativo en Latinoamérica. Publicado bajo convenio con la OECD, París.
Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependence perspective. New York: Harper & Row. Doi: https://doi.org/10.1177/0892020615586805.
Shleifer, A. & Vishny, R. (1997). A Survey of Corporate Governance. Journal of Finance, 52(2), 737-783. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x
The Economist Intelligence Unit, 2002. Corporate Governance. The New Strategic Imperative. The Economist Intelligence Unit Limited. http://dx.doi.org/10.1108/02686901111151323
Weinstein, D. & Yafeh, Y. (1998). On the costs of a bank – Centered financial system: Evidence from the changing main bank relations in Japan. Journal of Finance, LIII(2), 635-672. https://doi.org/10.1111/0022-1082.254893
Zingales, L. (1997). Corporate Governance. Working Paper 6309, NBER, 125-149. DOI: https://doi.org/10.1432/77792:y:2014:i:1-2:p:187-216.
Cómo citar
Torres Grimaldo, J. A., & Cano Morales, A. M. (2019). Importancia del Gobierno Corporativo en las sociedades financieras populares en México. Cuadernos De Contabilidad, 20(49), 1–16. https://doi.org/10.11144/Javeriana.cc20-49.igcs
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