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Submission Preparation Checklist

As part of the submission process, authors are required to check off their submission's compliance with all of the following items, and submissions may be returned to authors that do not adhere to these guidelines.

    *Confirm that the manuscript has been submitted solely to this Journal and has not been published, is not in press, nor has it been submitted elsewhere.

    *Confirm that all the research meets the ethical guidelines, including adherence to the legal requirements of the study country.

    Estudios de Administración disapproves of any form of plagiarism, in whole or in part, of any manuscript (this includes duplication of an author’s prior publications). We employ plagiarism checking software as a preliminary step in our editorial review process.

    Estudios de Administración encourages authors to use plagiarism checking software prior to full submission

  • The manuscript has been reviewed using plagiarism control software prior to submission.


    Manuscripts should be between 5,000 and 7,000 words in length (including references, tables and figures) in English or Spanish.
    •Submission files must be in Microsoft Word, Open Office or Word Perfect file format.
    •Font: 12-pt Times New Roman.
    •Double-spacing is required throughout the document.
    •Paragraphs should be indented 5-7 spaces or ½ inch.
    •Margins: margins of one (1) inch on all sides - top, bottom, left and right.
    •Page numbers should be located in the upper right-hand corner.
    Your article file must not contain any author details or any information that could identify the author(s).

    It must include a 250-words ABSTRACT in both English and Spanish, synthesizing the main topic addressed by the paper, the method used and its major findings.

    The author(s) must also provide from three to six KEYWORDS for indexation and search.
    Bibliographic references should be inserted in the paper using the (Last name, Year) format.

    For some examples, please see the
    Author Guidelines

    Authors should include at least three (3) Journal of Economic Literature (JEL) codes with the manuscript upon submission.

Author Guidelines

Estudios de Administración publishes

Original manuscripts not previously published elsewhere. Manuscripts presented or included in conference proceedings will be considered for review. Academic research and cases in all business disciplines, divided into four categories:

  • Empirical research work:Results of original research projects with empirical data analysis (qualitative, quantitative and/or mixed) associated with current literature, and research replicas with consistent or non-consistent results.
  • Methods, methodological approaches and measuring instruments:Manuscripts presenting the use of different methodologies and the application of models in different contexts, as well as studies that validate measurement instruments, bibliometrics, meta-analysis, or verifications of experimental procedures, which can be replicated are welcomed.
  • Literature reviews:Contemporary articles that conceptually and theoretically synthesize, integrate or advance different scopes in business administration disciplines, particularly in Latin America and emerging countries.
  • Teaching cases:Educational cases that are of particular importance in the teaching and learning processes at business and management faculties.

In all cases, contributions are double-blind reviewed, and are judged by their merit, rigor, relevance and potential impact on the literature in the region and emerging markets.


Editorial Process

To publish manuscripts in Estudios de Administración, authors should send their contribution via the Open Journal Systems platform by registering or logging in at the platform.

The Editor will review the manuscript and will return it to the author(s), in no more than a week, indicating whether or not the manuscript will be sent for peer review, suggesting different paths for the manuscript.

Manuscripts will be blind reviewed by two referees according to different criteria including: clarity, literature review and conceptual development, method and data analysis, implications and relevance for theory and practice, and contribution to the discipline.

Reviewers may suggest:

  • Acceptance
  • Acceptance with minor revision
  • Conditional acceptance with major revision
  • Rejection of the manuscript

In any event, the Editor of Estudios de Administración will make the final decision. In most cases, the final decision will be made within sixty (60) days following the Editor’s first communication.

The author(s) will have to make the final corrections and prepare the final version of the manuscript within thirty (30) days following the Editor’s decision in order to go to press.

Style Guide


Manuscripts should be between 5,000 and 7,000 words in length (including references, tables and figures) in English or Spanish. Articles in Portuguese are also welcome and, if accepted, will be translated into English for publication.

  • Font: 12-pt Times New Roman.
  • Line spacing and paragraph indentation: Double spacing is required throughout the document. Paragraphs should be indented 5-7 spaces or ½ inch.
  • Margins and page numbers: One (1) inch margins on all sides - top, bottom, left and right. Page numbers should be located in the upper right-hand corner.

Texts in research works usually include the following sections: Introduction; review of literature or theoretical background (which may or may not serve as grounds for formulating hypotheses); research methods; results and analysis; discussion; conclusions, limitations and implications of the research (if any); practical or managerial implications (if any), and directions for future research.

TITLE PAGE (first page)

Articles must include a first page with the title and information on the author(s). The title should be no longer than 20 words in Times New Roman, font 14 (bold).

Authors must include the name, institution, academic degree and university granting the degree, address and email. Avoid identifying the author(s) in the rest of the manuscript in order to ensure anonymity.

If you wish to mention acknowledgments and financial support, these should only be included on the first page, which is removed before sending the manuscript to the peer-reviewers in order to ensure objectivity in the evaluation. In the final version - once accepted for publication - these must go before the References section.

First page example:

Costos de Agencia y Costos de Transacción como Determinantes de la tasa de pago de dividendos en Chile: Extensión

Carlos Maquieira V.

Director de la Escuela de Posgrado, Economía y Negocios, Universidad de Chile

Ph.D. in Business Administration, University of Georgia



Ingrid Moncayo M.

Investigadora, Escuela de Postgrado, Economía y Negocios, Universidad de Chile

Magister en Finanzas, Universidad de Chile




Manuscript Title


All manuscripts must include a 250-word abstract in both English and Spanish, synthesizing the main topic addressed by the paper, the methods employed and the major findings. Estudios de Administración will translate the English abstract for those non-Spanish speaking authors.

The title and the paper abstract must be included on this page. Authors must also provide at least three (3) keywords for indexation and search and three (3) JEL codes.


Costos de Agencia y Costos de Transacción como Determinantes de la tasa de pago de dividendos en Chile: Extensión

Este artículo extiende el estudio realizado por Maquieira y Danús (1998), utilizando el modelo de decisión de pago de dividendos planteado por Rozeff (1982). Este modelo destaca dos factores opuestos que determinan el pago de dividendos -costos de transacción y costos de agencia. El análisis se basa en un estudio de corte transversal durante el período 1996-2002 para una muestra de 54 sociedades anónimas cotizaron en la Bolsa de Comercio de Santiago. Claramente los resultados muestran que los pagos de dividendos tienen un contenido informacional, mostrando que tasas de crecimiento esperadas mayores están asociadas a mayor pago de dividendos. Asimismo mayor propiedad accionaria de los insiders está asociada a mayores pagos de dividendos. Finalmente, la tasa de crecimiento pasado guarda relación inversa con la tasa de pago de dividendos.

Palabras clave: dividendos, costos de transacción, teoría de agencia, Chile

Códigos JEL: Los artículos deberán incluir al menos tres códigos de clasificación, de acuerdo con el sistema Journal of Economic Literature (JEL)


We extend the Maquieira and Danús (1998) study. In doing so, we use the model proposed by Rozeff (1982) to determine dividend payments. This model considers two opposite factors which may explain the dividend payout policy - transaction costs and agency costs. We conduct a cross-sectional analysis of a sample of 54 Chilean corporations listed on the Santiago Stock Exchange during the period 1996-2002. We find that the dividends clearly signal future growth of the companies. Furthermore, the greater the percentage of shares owned by insiders the higher the dividend payout. Finally, we find that the past growth rate of the companies is inversely associated with the rate of dividend payments.

Key words: dividends, transaction costs, agency theory, Chile.

JEL Codes: Articles must include at least three classification codes, in accordance with the Journal of Economic Literature (JEL) system.



  • Manuscripts should not be longer than 7,000 words, Times New Roman, Font 12, double space, and in MS Word or RTF format.
  • Section titles and subtitles should be used. Section titles should be centered in UPPER CASE letters. Section subtitles should be left justified and underscored. The titles and subtitles must be brief, clearly defined.
  • Figures, graphs and tables can be placed either next to the relevant text in the article, or on separate page(s) at the end. Figures and tables should have a correlative number (1, 2, etc.) and a short title. If they are presented on separate pages, they must be referenced within the body of the manuscript to indicate their location on separate lines as follows: "INSERT TABLE X HERE".
  • The mathematical notations should be clearly explained in the text. The formulas must be listed consecutively throughout the manuscript as (1), (2), etc. aligned with the right margin of the page. Unusual symbols and Greek letters must be identified. In the case of equations that do not fit in a column, indicate the appropriate cut-offs.

Do not use footnotes or notes at the end of the text except when they are absolutely necessary.



Bibliographic references should be inserted in the paper using the (Last name, Year) format. For example: “The degree of competition within an industry is key for explaining superior performance (Porter, 1980)”. If two or more works by the same author belong to the same year, distinguish them by adding an ‘a’, ‘b’, etc. after the year of publication. If there are more than six (6) authors, cite only the surname of the first author, followed by et al.; if the author group consists of six (6) authors or fewer, all the authors’ names should be listed when first time cited in the text; subsequent citations in the text should include the surname of the first author, followed by "et al.,". Use "and" between two authors in the text and both surnames should be cited. At the end of the manuscript all these references should be included on the Reference list.

Footnotes should not be used for referencing, and should be used sparsely.



References should be submitted using the American Psychological Association (“APA”) Style.

The order of references in the reference list is alphabetical, by the name of the group or the last name of an individual author. If there are multiple publications per author, order them earliest to latest. Use only initials for an individual author's first name: 'Serrano, J.', not 'Serrano, Juan'. Some citation examples are shown below:

Journal article citation:

Author Surname, First initial.(Publication Year). Article title. Source or Journal TitleVolume(Issue), pp.-pp. DOI:XX.XXXXX

Ainuddin, R. A., Beamish, P. W., Hulland, J. S., & Rouse, M. J. (2007). Resource attributes and firm performance in international joint ventures. Journal of World Business42(1), 47-60.

Newspaper citation:

Author Surname, First initial. (Publication Year). Article title. Periodical TitleVolume(Issue), pp.-pp. DOI:XX.XXXXX or Retrieved from journal URL

Davinsson, h. (2015, July 17). Shopping at Malls: Why we need to consider time?. International Post. Retrieved from http://internationalnationalpost.com/

Book citation:

Author Surname, First initial. (Publication Year). Title of book: subtitle if given (edition if given or if its not first edition). Publication city, Country: Publisher Name.

Franks, A. (2005). Margaret Sanger's eugenic legacy: The control of female fertility. Jefferson, NC: McFarland & Company.

Chapter in book citation:

Author Surname, First initial. (Publication Year). Title of Chapter. In Editor First Initial, Editor Surname (Ed.), Tittle of book: (pp.-pp.). Publication city, Country: Publisher Name.

Hemingway, E. (1999). The killers. In J. Updike & K. Kenison (Eds.), The best American short stories of the century (pp.78-80). Boston, MA: Houghton Mifflin.

Conference Paper in Print Proceedings

Author Surname, First initial. (Publication Year). Article title. In Editor First Initial, Editor Surname (Ed.)Tittle of published proceedings. Paper presented at Title of Conference: Subtitle of Conference.Publication city, Country: Publisher Name.

Wilkinson, R. (1999). Sociology as a marketing feast. In M. Collis, L. Munro, & S. Russell (Eds.), Sociology for the New Millennium. Paper presented at The Australian Sociological Association, Monash University, Melbourne, 7-10 December (pp. 281-289). Churchill, VIC: Celts.