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Estudios de Administración / Facultad de Economía y Negocios, Universidad de Chile / Diagonal Paraguay 257 / Santiago / Chile /
Style Guide

Abstract:
All mansucripts will include a 2000-characters abstract in both English and Spanish, synthesizing the major issue addressed by the paper, the method and the major findings. Estudios en Administración will translate the English abstract for thos non-spanish speaking authors.

 

Title Page:
Articles will need to include a firt page with the Title and Authors´ information. The title should be no longer than 20 words in font 14 Times New Roman (bold).

Authors should include the name, institution, academic degree and university granting the degree, address and email.

 

Example:
Costos de Agencia y Costos de Transacción como Determinantes de la

tasa de pago de dividendos en Chile: Extensión

 

Carlos Maquieira V.

Director de la Escuela de Posgrado, Economía y Negocios, Universidad de Chile

Ph.D. in Business Administration, University of Georgia

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Ingrid Moncayo M.

Investigadora, Escuela de Postgrado, Economía y Negocios, Universidad de Chile

Magister en Finanzas, Universidad de Chile

imoncayo@fen. uchile.cl

 

Abstract page:
In this page the Title and the paper abstract need to be included. Additionally the authors should provide at least three key words for indexation and search.

 

Example:
Costos de Agencia y Costos de Transacción como Determinantes de la

tasa de pago de dividendos en Chile: Extensión

 

EXTRACTO
Este artículo extiende el estudio realizado por Maquieira y Danús (1998),  utilizando el modelo de decisión de pago de dividendos planteado por Rozeff (1982). Este modelo destaca dos factores opuestos que determinan el pago de dividendos -costos de transacción y costos de agencia. El análisis se basa en un estudio de corte transversal durante el período 1996-2002 para una muestra de 54 sociedades anónimas cotizaron en la Bolsa de Comercio de Santiago. Claramente los resultados muestran que los pagos de dividendos tienen un contenido informacional, mostrando que tasas de crecimiento esperadas mayores están asociadas a mayor pago de dividendos.  Asimismo mayor propiedad accionaria de los insiders está asociada a mayores pagos de dividendos. Finalmente, la tasa de crecimiento pasado guarda relación inversa con la tasa de pago de dividendos.

 

Palabras clave: dividendos, costos de transacción, teoría de agencia, Chile

 

ABSTRACT
We extend the Maquieira and Danús (1998) study. In doing so, we use the model proposed by Rozeff (1982) to determine dividend payments. This model considers two opposites factors which may explain the dividend payout policy- transaction costs and agency costs.  We do a cross sectional analysis on a sample of fifty fourChilean public companies in the Santiago Stock Exchange during the period 1996-2002. We find that dividends signal future growth of the companies. Furthermore, the greater the percentage of shares owned by insiders the higher the dividend payout. Finally, we find that the past growth rate of the companies is negatively associated with the dividend payments.

 

Key words: dividends, transaction costs, agency theory, Chile

 

Body of the Manuscript

 

a)Manuscripts should not be longer than 7000 words, Font Times New Roman 12, 1,5 space, and in MS Word or RTF format.

b)Section titles and subtitles should be used. Section titles should be centered in UPPER CASE letters. Section subtitles should be left justified and underwritten.

c)Figures, graphs and tables should be included at the end of the manuscript after the reference section. They need to be referenced within the body of the manuscript to indicate their location:

 

(INSERT TABLE X AQUI)

 

Figures and Tables should have a correlative number (1, 2, etc.).

 

References.
Bibliographic references shoud be inserted in the paper using the (Last name, Year) format. For example:  “The degrre of competition within an indisustry is key for explaining superior performance (Porter, 1980)”. Footnotes should not be used for referencing, and should be used sparsely. At the end of the manuscript all these references should be included using the following format:

 

Ramanujam, V. y Varadarajan, P. (1989). Research on corporate diversification: A synthesis. Strategic Management Journal, 10(4), 523-551.

 

Tzu, S. (2002). El arte de la guerra. Editorial Esquilo: Bogota.

 

Thomas, H. & Carroll, C. (1994). Theoretical and Empirical links between Strategic Groups, Cognitive Communities, and Networks of Interacting Firms. En Daems, H. & Thomas, H. (Eds.), Strategic Groups, Strategies Moves and Performance (pp. 7-29). Pergamon Press: Oxford.

 

Garcés Cano, J. E. (1992). La teoría neoclásica: equilibrio sin crisis. Unpublished Master Thesis, Facultad de Ciencias Económicas, Universidad Nacional de Colombia.

 

Nelson, M., Hill, T., Remus, B. & O'Connor, M. (1994). Can Neural Networks be applied to Time Series forecasting and learn seasonal patterns: An empirical investigation (pp. 649- 655). In: Proceedings of the twenty seventh Annual Hawaii International Conference on Systems Sciences, Hawaii, USA.

 

Mair, J. & Noboa, E. (2003). The emergence of social enterprises and their place in the new organizational landscape. Working Paper, IESE Business School (No.), Barcelona.

 

Jaramillo, A., Jiménez, A. et al. (2002). Sector bancario y coyuntura económica: el caso colombiano 1990-2000. Extraído el 3 de mayo de 2007, from http://www.eafit. edu/co/NR/rdonlyres.

 

Envío de manuscritos
Los manuscritos serán recibidos a lo largo del año y deberán ser enviados al correo electrónico Esta dirección electrónica esta protegida contra spam bots. Necesita activar JavaScript para visualizarla