Reacción del Mercado de Valores Mexicano ante los Escándalos Financieros: Evidencia Empírica.

Abstract

The present study aims to determine if Mexican companies listed on the Mexican Stock Exchange, suffered negative reaction in the stock price derived from Enron financial scandal and the involvement of the major audit firms. To the above we used the event study methodology, using the market model and the calculation of abnormal returns two dates event. The results reveal that Mexican companies do not suffer negative economic effects on the share price given the loss of reputation of the auditor.