Abstract

JARAMILLO OLIVARES, Aurora  and  JARAMILLO JARAMILLO, Marcela. The 2008 Financial Crisis: Impact on Listed Companies on the Mexican Stock Exchange. Rev. mex. econ. finanz [online]. 2016, vol.11, n.3, pp.161-177. ISSN 2448-6795.

The objective of this work is to know if the companies listed on the Mexican Stock Exchange, suffered negative reaction in the price of its shares derived from the financial crisis in 2008. The methodology used was the study of events through the market model and the calculation of the abnormal returns of the event date. The analysis was carried out with 87 companies, of which information was obtained from the daily prices in a period from January 2008 to February 2009. The results reveal that the companies of the BMV do not suffer negative economic effects on the price of their actions; however, the analysis by sector shows that the group of companies in the industrial sector had negative results. The limitations are the number of companies of which we were able to obtain daily contributions and the choice of the date and windows event. This type of studies, support to governments, institutions or companies to act before phenomena as the analyzed, and so find the way to regulate it to avoid a recurrence.

JEL Classification: D53, E44, G14.

Keywords : Mexican Stock Exchange; Financial Crisis; Market Reaction.