CORPORATE GOVERNANCE AND AGENCY THEORY: MEGACABLE CASE

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Abstract

The objective of this research is to determine the importance of the implementation of a corporate governance system in the Mexican company Megacable in its development, from the review of the theoretical and empirical literature. Therefore, a descriptive and explanatory study was carried out that describes the concepts related to the aforementioned elements. and financial reports of two periods are analyzed, as well as the main attributes that explain the success of the company. Among the main results obtained are that the Megacable group is the cable operator; Mexico’s largest internet and telephony in terms of subscribers, its structure as a controlling company that is managed through a series of subsidiaries and controlling companies and smaller operating companies in the same sector. It can be concluded that implementing efficient corporate governance among small and medium enterprises will have a clearer way of how to implement and execute the plans and best practices that will allow them to be leaders in their sector.

Keywords: Ethics, Corporate Governance, Better Practices, Business, Megacable

JEL Classification: M10, M21, O31, M15

Received: 17.07.2017

Accepted: 21.01.2018

Published: 22.02.2018

How to cite this paper: Vargas-Hernández, J. G., & Teodoro Cruz, M. E. (2018). Corporate governance and agency theory: Megacable case. Corporate Governance and Sustainability Review, 1(2), 59-69.
https://doi.org/10.22495/cgsrv2i1p5