Tesina presentada por Jaime David Soto Reyes [jaime.sotors@udlap.mx]

Miembro del Programa de Honores. Licenciatura en Administración de Negocios Internacionales. Departamento de Administración de Negocios Internacionales. Escuela de Negocios y Economía, Universidad de las Américas Puebla.

Jurado Calificador

Presidente: Dr. Manuel Francisco Suárez Barraza
Vocal y Director: Dr. Adrián Duhalt Gómez
Secretario: Dra. Elizabeth Salamanca Pacheco
Suplente: Dr. José Luis Agustín Rodal Arciniega

Cholula, Puebla, México a 21 de mayo de 2018.

Resumen

This paper analyzes the current development of the Mexican Stock Exchange (BMV) and the private equity industry in Mexico. Only 150 companies are listed in the BMV, as well, the PE industry has not fully developed when compared to other developing nations; this is a consequence of misconceptions of the capital markets in the country. The objective of this paper is to present a perspective of the importance of small and medium companies in Mexico and the reasons why they are not considering the participation of public and private investors as shareholders. First, an analysis will be presented about the development of the BMW and its major challenges. It then goes to describe the growth of the private equity industry and the difficulties for its development. Finally, the paper presents the cases of two energy firms that have benefited from the use of market-based and institution-based financing.

Key words: family corporation, Mexican Stock Exchange, public company, financial market, initial public offering, private equity

Palabras clave: Mexican Stock Exchange, public company, financial market, initial public offering, private equity.

Table of content

Portada

Agradecimientos

Índices

Capítulo 1. Introduction

Capítulo 2. Problem

Capítulo 3. Methodology

Capítulo 4. Literature

  • 4.1 Growth and development of the Mexican Stock Exchange
  • 4.2 Requirements for going public
  • 4.3 Family representation in small and medium public companies
  • 4.4 Development of Private Equity industry in Mexico
  • 4.5 Challenges for Private Equity funds in Mexico

Capítulo 5. Discussion

  • 5.1 Vista Oil and Gas (VISTA)
  • 5.2 Zuma Energía

Capítulo 6. Conclusion

Referencias

Apéndice A. Exhibits

Soto Reyes, J. D. 2018. Market-based and institution-based financing: analysis of the development of the financial sector in Mexico. Tesina Licenciatura. Administración de Negocios Internacionales. Departamento de Administración de Negocios Internacionales, Escuela de Negocios y Economía, Universidad de las Américas Puebla. Mayo. Derechos Reservados © 2018.