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Capital structure under collusion
(Elsevier, 2021)
Whistleblowers on the board? The role of independent directors in cartel prosecutions
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2015)
Stock market reactions to news of cartel prosecutions are muted when indicted firms have a highproportion of independent directors serving on their boards. This finding is robust to self-selectionand is more pronounced ...
Pobreza, educación y salarios en América Latina
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2010)
Supermarket entry and the survival of small stores
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We analyze the effect of supermarket entry on the exit of small stores in the food retailing sector in Montevideo between 1998 and 2007. We use detailed geographical information to identify the ...
Capital structure under collusion
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)
We study the financial leverage of firms that collude by forming a cartel. We find that cartel firms have lower leverage ratios during collusion periods, consistent with the idea that reductions in ...
Whistleblowers on the board? The role of independent directors in cartel prosecutions
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2017)
Stock market reactions to news of cartel prosecutions are muted when indicted firms have a high
proportion of independent directors serving on their boards. This finding is robust to self-selection
and is more pronounced ...