La experiencia chilena disuadiendo ilícitos corporativos
This paper analyzes the investigations on potential misconducts conducted by the Chilean public enforcer SVS between 1990 and 2012. The evidence reveals two groups of problems: on the one hand, the SVS has leaved a substantial region of the market unmonitored; on the other hand, the level of specifi...
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2012
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| Source: | Revista Derecho Público Iberoamericano, ISSN 0719-2959, Nº. 1, 2012, pags. 55-83 |
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dialnet-ar-18-ART00010281002016-09-23La experiencia chilena disuadiendo ilícitos corporativosPardow Lorenzo, Diegogobierno corporativodeberes fiduciariosfiscalizacióncorporate governancefiduciary dutiesenforcementThis paper analyzes the investigations on potential misconducts conducted by the Chilean public enforcer SVS between 1990 and 2012. The evidence reveals two groups of problems: on the one hand, the SVS has leaved a substantial region of the market unmonitored; on the other hand, the level of specific deterrence is generally low and relies greatly on indirect mechanisms of punishment. Such results suggest that future reforms should facilitate private enforcement on both the extensive and the intensive margin. Whereas improving the performance of the SVS on the extensive margin should mitigate its monitoring bias, the improvements on the intensive margin are meant to increase the punishment experienced by offendersEste artículo analiza las investigaciones sobre potenciales violaciones a deberes fiduciaros llevadas a cabo por la SVS entre 1990 y 2012. Esta evidencia muestra dos grupos de problemas: por un lado, la SVS ha dejado una parte importante del mercado de valores sin vigilancia; por otro, el nivel de disuasión es bajo y descansa en mecanismos indirectos de sanción. Estos resultados sugieren que las reformas futuras deben fomentar el papel de los agentes privados, tanto en el margen extensivo como en el intensivo. Mientras mejorar el desempeño de la SVS en el margen extensivo debiera mitigar el sesgo de monitoreo que se observa actualmente, las mejoras en el margen intensivo apuntan a incrementar la magnitud del castigo experimentado por quienes infringen la ley2012text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=5640546(Revista) ISSN 0719-2959Revista Derecho Público Iberoamericano, ISSN 0719-2959, Nº. 1, 2012, pags. 55-83spaLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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Revista Derecho Público Iberoamericano, ISSN 0719-2959, Nº. 1, 2012, pags. 55-83
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Spanish
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gobierno corporativo
deberes fiduciarios fiscalización corporate governance fiduciary duties enforcement |
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gobierno corporativo
deberes fiduciarios fiscalización corporate governance fiduciary duties enforcement Pardow Lorenzo, Diego La experiencia chilena disuadiendo ilícitos corporativos |
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This paper analyzes the investigations on potential misconducts conducted by the Chilean public enforcer SVS between 1990 and 2012. The evidence reveals two groups of problems: on the one hand, the SVS has leaved a substantial region of the market unmonitored; on the other hand, the level of specific deterrence is generally low and relies greatly on indirect mechanisms of punishment. Such results suggest that future reforms should facilitate private enforcement on both the extensive and the intensive margin. Whereas improving the performance of the SVS on the extensive margin should mitigate its monitoring bias, the improvements on the intensive margin are meant to increase the punishment experienced by offenders
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| format |
Article
|
| author |
Pardow Lorenzo, Diego
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| author_facet |
Pardow Lorenzo, Diego
|
| author_sort |
Pardow Lorenzo, Diego
|
| title |
La experiencia chilena disuadiendo ilícitos corporativos
|
| title_short |
La experiencia chilena disuadiendo ilícitos corporativos
|
| title_full |
La experiencia chilena disuadiendo ilícitos corporativos
|
| title_fullStr |
La experiencia chilena disuadiendo ilícitos corporativos
|
| title_full_unstemmed |
La experiencia chilena disuadiendo ilícitos corporativos
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| title_sort |
la experiencia chilena disuadiendo ilícitos corporativos
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| publishDate |
2012
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| url |
https://dialnet.unirioja.es/servlet/oaiart?codigo=5640546
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1709744566277505024
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