Propuesta para la mejora y modernización de la legislación societaria en Ecuador [Proposal for the improvement and modernization of corporate law in Ecuador] in Spanish

• Main Authors: Aurelio GURREA-MARTINEZ, CORONEL JONES, Cesar
• Format: text
• Language: Spanish
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: corporate law; corporate governance; controlling shareholders; SOEs; judiciary; capital markets; tunneling; related party transactions; access to finance; economic growth; Ecuador; Business Organizations Law; Commercial Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3638; https://ink.library.smu.edu.sg/context/sol_research/article/5596/viewcontent/SSRN_id3383861.pdf
• Institution: Singapore Management University

This paper seeks to provide some policy recommendations for the improvement and modernization of corporate law in Ecuador. These proposals have been based on the international literature and the particular features of Ecuador (that is, a country with many micro and small companies, state-owned enterprises, underdeveloped capital markets, unsophisticated courts, among other aspects). Secondly, since the legal, economic and institutional features of Ecuador can be found in other Latin American countries, this paper also seeks to be helpful to other countries in the region planning to reform their corporate laws. Finally, this paper seeks to contribute to the improvement and internationalization of the academic and policy debate in Ibero-America, with the ultimate purpose of advocating for legal and institutional reforms that can promote entrepreneurship, innovation, access to finance, and economic growth.