<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-4645</journal-id>
<journal-title><![CDATA[Cuadernos de Administración (Universidad del Valle)]]></journal-title>
<abbrev-journal-title><![CDATA[cuad.adm.]]></abbrev-journal-title>
<issn>0120-4645</issn>
<publisher>
<publisher-name><![CDATA[Universidad del Valle]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-46452024000200005</article-id>
<article-id pub-id-type="doi">10.25100/cdea.v40i79.13521</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Current paradigm of corporate governance and determinants of share issuance by Mexican companies]]></article-title>
<article-title xml:lang="es"><![CDATA[Paradigma vigente del control corporativo y determinantes en emisión de acciones por empresas mexicanas]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Pantoja Aguilar]]></surname>
<given-names><![CDATA[Martín P.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rico]]></surname>
<given-names><![CDATA[Artemio Jiménez]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Guanajuato Department of Entrepreneurship and Directing of Businesses, Division of Economic and Administrative Sciences ]]></institution>
<addr-line><![CDATA[Guanajuato ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Guanajuato Department of Entrepreneurship and Directing of Businesses, Division of Economic and Administrative Sciences ]]></institution>
<addr-line><![CDATA[Guanajuato ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2024</year>
</pub-date>
<volume>40</volume>
<numero>79</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-46452024000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-46452024000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-46452024000200005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This research analyzed the issuance of shares by all Mexican companies that were listed on the Mexican Stock Exchange (MSE) during the 2012-2022 period to determine if they continue to maintain the paradigm of corporate control through ownership of the highest percentage of shares among family members and their close circles. Additionally, the extent to which the variables of company age, sales level, and business sector are determinants of using the issuance of shares as a source of financing was evaluated. The methodology applied included a comprehensive analysis of the percentage of issuance of new shares, a Pearson&#8217;s correlational analysis, a simple linear regression, a linear binomial analysis, and the ANOVA model. The results showed that although a few MSE companies have begun to issue shares, the level of issuance is still lower and does not constitute evidence of a paradigm change. Concerning the variables of age, sales, and business sector, it was found that there is insufficient evidence that these variables are determinants of MSE companies that issue shares as a financing method.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El presente estudio analizó la emisión de acciones realizada por el total de las empresas mexicanas que cotizaron en la Bolsa Mexicana de Valores (BMV) durante el periodo 2012-2022 para determinar si éstas continúan manteniendo el paradigma del control corporativo mediante la tenencia del mayor porcentaje de acciones entre miembros de la familia y su círculo cercano. Así mismo, se evaluó hasta que grado las variables de edad de la empresa, nivel de ventas y el sector económico al que pertenecen son determinantes del uso de la emisión de acciones como fuente de financiamiento. La metodología utilizada incluyó el análisis porcentual analítico de la emisión de nuevas acciones, el análisis correlacional de Pearson, la regresión lineal simple, el análisis lineal binomial, y el modelo ANOVA. Los resultados arrojaron que, si bien unas pocas empresas de la BMV han comenzado a emitir acciones, aún dicho nivel de emisión es menor y no constituye evidencia para determinar que el paradigma ha cambiado. Con respecto a las variables de edad, ventas y sector económico, se encontró que no hay evidencia suficiente para inferir que estas variables son determinantes en las empresas de la BMV para utilizar en mayor o menor medida la emisión de acciones como método de financiamiento.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Share issuance]]></kwd>
<kwd lng="en"><![CDATA[Corporate governance]]></kwd>
<kwd lng="en"><![CDATA[Business financing]]></kwd>
<kwd lng="en"><![CDATA[Financial indicators]]></kwd>
<kwd lng="es"><![CDATA[Emisión de acciones]]></kwd>
<kwd lng="es"><![CDATA[Gobierno corporativo]]></kwd>
<kwd lng="es"><![CDATA[Financiamiento empresarial]]></kwd>
<kwd lng="es"><![CDATA[Indicadores financieros]]></kwd>
</kwd-group>
</article-meta>
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