This paper develops and provide evidence for three statements: a) In Argentina, there has been a marked shift in corporate governance structure from big family-owned domestic companies towards foreign groups and investment funds ownership. b)While coping with governance issues, Argentina has been performing as if it were following the common law countries tradition. c) The capital markets development has been nurturing contradictory forces which could bring about alternative governance structures in the foreseeable future.

En épocas recientes ha resurgido con fuerza la consideración del problema del brain drain, que había suscitado el interés de economistas y organismos internacionales en las décadas del sesenta y del setenta. 

objetivo de estos apuntes es doble. Por un lado buscan resumir los principales aportes que la teoría económica ha hecho al campo del análisis del derecho, siguiendo los lineamientos de la literatura que empezó a desarrollarse a partir de los trabajos liminares de Coase (1960) y Calabresi (1961). Por otro lado, tienen también el objetivo de avanzar de manera preliminar sobre el territorio (hasta el momento prácticamente inexplorado por el análisis económico) del derecho vigente en la Argentina.

En épocas recientes se han ido produciendo cambios de importancia en los mercados de trabajo y en las relaciones laborales prevalecientes en los mismos. Estos cambios se han puesto en evidencia a partir de los años ochenta y han sido principalmente consecuencia de profundas transformaciones estructurales de la economía, de innovaciones técnicas de características singulares e inéditas1 y de cambios en la estructura, composición y niveles educativos de la fuerza de trabajo.

This study attempts to explain differentials in production efficiency in Argentine agriculture. The paper focuses attention on the 1970's and 1980's. During this period, technological change was pervasive. Moreover, during the mid 1970’s and the mid to late 1980’s Argentina had the doubtful privilege of ranking as one of the countries with highest inflation of the world.  The principal objective of the paper is to test the hypothesis that human capital (education) is a relevant variable in explaining efficiency differentials.

After major banking crisis, investors and academics alike are left wondering how it could have been avoided. Crises can take an enormous toll on society. Mexico's 1994 crisis cost almost 10% of GDP. Chile's 1983 crisis was even worse, with the ¯nal cost amounting to a stunning 30% of GDP. Moreover, the economy can experience a traumatic recovery process that in some cases lasts several years. The most common explanation of banking crises focuses on the anticipation of government bail out.

El objetivo de este trabajo es describir la experiencia argentina en el proceso de análisis realizado par la adopción de una meta voluntaria de sus emisiones de gases de efecto invernadero. Esta experiencia puede ser de utilidad a otros países en vías de desarrollo que se hallen en proceso de adoptar metas voluntarias de reducción de sus emisiones de gases de efecto invernadero en base a algún indicador de intensidad de carbono.

This paper expands on the extent of the gap between how academic teaching view market transactions and how the market professionals actually work, offering a sensible way of closing as much as possible such a gap. Firstly, transaction costs will be analysed from both the demand and supply sides of securities trading, featuring the essential role intermediaries usually performs. This analysis will lead us to a careful survey of the structure of the transaction costs function, bearing in mind that different users meet different cost items.

La problemática del "cambio tecnológico" resulta de fundamental importancia para comprender la situación actual y perspectivas futuras de sectores económicos.  Esto es especialmente cierto en el sector agropecuario, donde la biotecnología modifica en forma acelerada las opciones productivas con las cuales cuentan los empresarios. El caso argentino resulta notable.

Each company faces day to day investment opportunities. Just by staying in business the company is taking a decision of reinvesting. The question arising for those managers who have the responsability of allocating capital is the criteria they should use to differentiate between investment alternatives. The most proven, traditional and popular method of valuation is Discounted Cash Flow (henceforth DCF), which provides comparable information. This method requires both the assesment of expected future cash flows and a risk adjusted rate (used in the discount coefficient).