2007
DOI: 10.2308/iace.2007.22.4.661
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Actions Speak Louder than Words: A Case Study on Mexican Corporate Governance

Abstract: In this case, you will examine corporate governance in an international context and gain a thorough understanding of the ramifications of the Sarbanes-Oxley Act of 2002 (SOX), as you observe very different reactions to the provisions of SOX by two Mexican companies, both of whom were trading on the NYSE at the time SOX was enacted. One company, TV Azteca, withdrew from the exchange on the grounds that U.S. regulations ignore Mexico's legal framework and corporate culture. You are required to contrast TV Azteca… Show more

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Cited by 5 publications
(3 citation statements)
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“…As noted, in business families, relationships—including those with powerful political figures—often can be transferred across businesses and across generations. In fact, in developing nations there are often close ties between the political and business elite that perpetuate both groups (Austen et al., 2007).…”
Section: Where Business Families Thrivementioning
confidence: 99%
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“…As noted, in business families, relationships—including those with powerful political figures—often can be transferred across businesses and across generations. In fact, in developing nations there are often close ties between the political and business elite that perpetuate both groups (Austen et al., 2007).…”
Section: Where Business Families Thrivementioning
confidence: 99%
“…In fact, in developing nations there are often close ties between the political and business elite that perpetuate both groups (Austen et al, 2007).…”
Section: Institutional Voids and Class Structurementioning
confidence: 99%
“…They draw on various disciplines and often are multi-disciplinary in asking about the context of reform, about influences on reform and about the roles of different parties in reform. Austen et al (2007) construct a case study to examine the response, of two Mexican companies with shares traded in the USA to the passage of the Sarbanes-Oxley Act. Nivar (2007) examines the role of regulators in Dominican Republic relative to a governance structure that is Based on survey data, authors report investors in U.S. will pay a premium for good governance and the size of premium increases with the amount of room there is for improvement in a given country 12) Goldstein ( 1999 They find a one point increase in CGI is associated with a 6.8 percent increase in stock price.…”
Section: Implicit Inquirymentioning
confidence: 99%