Cristian Pinto Gutierrez

Cristian Pinto Gutierrez
Universidad de Talca · School of Business

Ph.D. in Finance, Tulane University

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14
Publications
1,658
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34
Citations

Publications

Publications (14)
Article
This paper examines the effects of family control and pyramidal ownership on firms’ capital structure decisions. After studying a sample of listed family and non-family firms in Chile, we find that families take a conservative approach to debt and financial risk exposure. We test the hypothesis that family firms restrict the use of debt in order to...
Article
We examine the effects of internal capital markets on the propensity of firms to save cash from cash flows. We argue that firms that are providers of funds to related parties must maintain a higher cash flow sensitivity of cash to prevent high levels of pressure on their cash holdings in contrast to receivers of intra-holding funds. Based on a samp...
Article
Full-text available
We analyze the effects of attention to global warming on the success of environmental initial coin offerings (ICOs) measured by the total funding amount raised in the actual ICOs and the long-term survival of the projects. Using a database featuring 324 environmental initial coin offerings between 2017 and 2019, we find that attention to global war...
Article
Full-text available
Non-fungible tokens (NFTs) can be used to represent ownership of digital art or any other unique digital item where ownership is recorded in smart contracts on a blockchain. NFTs have recently received enormous attention from both cryptocurrency investors and the media. We examine why NFTs have gotten so much attention. Using vector autoregressive...
Article
Full-text available
This paper examines the impact of COVID-19 lockdowns on Bitcoin trading volume. Using data from Apple mobility trends and several time-series econometric models, we find that investors became active participants during the COVID-19 pandemic period and traded more bitcoins on days with low mobility associated with lockdown mandates. These results re...
Book
Full-text available
Este libro explica los conceptos fundamentales de Bitcoin, la primera moneda digital que puede ser transferida electrónicamente de un usuario a otro, en cualquier lugar del mundo, a través de Internet y sin ningún tipo de intermediarios. El propósito del libro es responder de manera breve y en un formato simple algunas de las preguntas que se hacen...
Article
This paper analyzes the effects of board capital as a corporate governance mechanism on firm performance in the context of a weak legal regime for investor protection. The study focuses on Latin America as a representative emerging market that includes a dataset of 442 firms in six countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru) fr...
Article
Full-text available
We analyze women’s participation and the effects of team gender diversity on initial coin offering (ICO) success measured by the total funding amount raised in the actual ICO and the project’s long-term survival. Using a database featuring 875 initial coin offerings between 2017 and 2019, we find that women are significantly under-represented in IC...
Article
We analyze women's participation and the effects of team gender diversity on initial coin offering (ICO) success measured by the total funding amount raised in the actual ICO and the project's long-term survival. Using a database featuring 875 initial coin offerings between 2017 and 2019, we find that women are significantly under-represented in IC...
Article
We examine the effects of internal capital markets on the propensity of firms to save cash from cash flows. We argue that firms that are providers of funds to related parties must maintain a higher cash flow sensitivity of cash to prevent high levels of pressure on their cash holdings in contrast to receivers of intra‐holding funds. Based on a samp...
Article
Full-text available
This paper examines the role of media coverage and investor attention on the outcomes of seasoned equity offerings (SEOs). I use an archive of Thomson Reuters news articles to proxy for firm visibility and investor attention. I find that the volumes of news articles prior to the offerings are positively associated with the offer price discounts of...
Article
This paper examines the effects of family control and pyramidal ownership on firms’ capital structure decisions. After studying a sample of listed family and non-family firms in Chile, we find that families take a conservative approach to debt and financial risk exposure. We test the hypothesis that family firms restrict the use of debt in order to...
Article
Full-text available
Purpose – This paper examines the impact that financial media coverage has on share repurchase outcomes in the U.S. Design/methodology/approach – I perform regression analysis to examine how the volume of firm-specific news articles about the announcements relates to firms’ decisions to actually repurchase shares following those announcements. I al...

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Projects (3)