Desempeño de las empresas y factores institucionales en colombia, 2002-2007

Translated title of the contribution: Performance of companies and institutional arrangements in Colombia, 2002-2007

Andrés Ramírez Hassan, Ramiro Cadavid Montoya, Santiago García Peláez

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (Scopus)


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.

Translated title of the contributionPerformance of companies and institutional arrangements in Colombia, 2002-2007
Original languageSpanish
Pages (from-to)179-198
Number of pages20
JournalRevista de Economia Institucional
Issue number25
Publication statusPublished - 2011
Externally publishedYes


  • Blundell-Bond method
  • Dynamic models
  • Economic growth
  • Financial development
  • Generalized method of moments
  • Industrial organization
  • Justice
  • Neo-institutionalism
  • Violence

Cite this