Contaduría y administración
versión impresa ISSN 0186-1042
This paper studies the turnover theory and its application in Mexico. We look for correspondences as well as differences between the literature for developed countries and the Mexican reality (emerging market). We describe both the occurrence of turnovers and their effects on firm performance. We conclude that in Mexico there are very few turnovers, particularly because of the family structure of Mexican enterprises. In addition, these turnovers did not favor firm performance, at least in the short and medium terms.
Palabras llave : turnovers; corporate governance; firm performance; Mexico.