Ramírez Hassan, Andrés, Cadavid Montoya, Ramiro, and García Peláez, Santiago
Subjects
*ECONOMIC development, *TWENTY-first century, COLOMBIAN economy
Abstract
In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analysed companies are affected by these factors. Institutions associated with property rights and contract compliance have significant effects on the growth of the firms. On the other hand, financial development does not have a significant effect. [ABSTRACT FROM AUTHOR]
Published
2011
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