The Role of Institutional Investors in Promoting Good Corporate Governance Practices in Latin America: The Case of Argentina

In the last decade, corporate governance emerged as a worldwide concern, initially in developed countries and then spread to emerging ones. Good corporate governance, defined as “the set of rules and practices that govern the relationship between the managers and shareholders of corporations, as well as stakeholders like employees and creditors” is not only beneficial for corporations but also bolsters the level of market confidence and integrity, and strengthens financial stability. Therefore, they are a key element to be addressed both by the private and the public sector in order to promote economic growth and development