(Universidad Icesi, 2014-04-01) De la Fuente Mella, Hanns Aníbal; Campos Espinoza, Ricardo Alex; Diaz Riffo, Paola Andrea; Palavecinos, Berta Silva
This article provides evidence of the effect the quality of corporate information disclosure has on the
market, particularly the share of ownership that have the pension fund adminstrators who have shares
in the company, and the level of debt that the companies have. Cross-sectional econometric models and
panel data were use to measure and quantify this evidence, found by using information published by
Chilean Corporations between 2001-2009. The study shows that, for this sample, information disclosure
increases when the pension funds ownership is higher, and decreases when the leverage is higher
