Title: Organizational choice in a French civil law underdeveloped economy
Description: This paper studies the determinants of organizational forms by looking at the case of Mexico, a Civil Law country, between 1886 and 1910. Using a newly assembled dataset of chartered companies, we run Multinomial Logit models to determine the importance of firm characteristics in the election of particular organizational structures. Our findings suggest that although some companies took advantage of the set of organizational options only available in Civil Law countries, these structures had a neglible effect in terms of capital formation. In contrast, the organizational forms associated with the Common Law system emerged as the dominant organizational features.