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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 is not published, in press, or submitted elsewhere.

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

    Estudios de Administración disapprove any form of plagiarism, in whole or in part of any manuscript (this includes duplicate previous author’s publications). We use a "plagiarism checking software" as a preliminary step of the editorial revision process. Estudios de Administración encourage authors to use plagiarism checking software previous full submission.

    Manuscripts should be between 5000 and 7000 words in length (including references, tables and figures) in English or Spanish.
    •The submission files are in Microsoft Word, Open Office, or Word Perfect file format.
    •Font: 12-pt Times New Roman.
    •Double spacing should occur throughout the document.
    •Paragraphs should be indented 5-7 spaces or 1/2 inch.
    •Margins: 1 inch all sides margins, including top, bottom, left and right.
    •Page numbers should be located in upper right corner.
    Your article file must not contain any author details or any information that would identify the authors.

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

    Additionally the authors should 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

    Or visit: Style-guide for authors

    Authors should include at least 3 JEL codes with manuscript during submission

Author Guidelines

Editorial Process

For publishing Manuscripts in Estudios de Administración, the authors should send their contribution via the platform Open Journal Systems, by registering, or logging in at the platform.

The editor will review the manuscript and will return it to the authors, in no more than a week to indicate whether the manuscript is sent to peer-revision or not, 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, & contribution to the discipline.

Reviewers may suggest:

  • Acceptance
  • Acceptance with minor revision
  • Conditional acceptance with major revision
  • Invitation to resubmit with a major rewriting
  • Rejection of the manuscript

In any case, the editor of Estudios de Administración will make the final decision. In most cases, the final decision will be made within 60 days from the first communication of the Editor.

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

Estudios de Administración publishes

Original manuscripts not previously published elsewhere. Manuscripts presented or included in conference proceedings will be considered for review. Estudios de Administración publishes academic research and cases in all business disciplines in four categories:

  • Empirical research work: Results of original research projects with empirical data analysis (qualitative, quantitative and/or mixed) linked to existing 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 of validation of measurement instruments, bibliometrics, meta-analyzes, or verifications of experimental procedures, which can be replicated are welcomed.
  • Literature reviews: up-to-date articles that synthesize, integrate or advance conceptually and theoretically within different scopes in business administration disciplines and particularly in Latin America and emerging countries.
  • Teaching cases: educational cases that are of particular importance in the teaching and learning processes at faculties of business and management.

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

Style Guide


Manuscripts should be between 5000 and 7000 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 should occur throughout the document. Paragraphs should be indented 5-7spaces or 1/2 inch.
  • Margins and page numbers: 1 inch all sides margins, including top, bottom, left and right. Page numbers should be located in upper right corner.

Texts in research works usually include the following sections: Introduction; review of literature or theoretical background (which may or may not serve as foundation 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 will need to include a first page with the Title and Authors´ information. The title should be no longer than 20 words in font 14 Times New Roman (bold).

Authors should 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, when 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 mansucripts will include a 250-words abstract in both English and Spanish, synthesizing the major issue addressed by the paper, the method and the major findings. Estudios en Administración will translate the English abstract for those non-spanish speaking authors.

In this page the Title and the paper abstract need to be included. Additionally the authors should provide at least three key words for indexation and search and three 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 opposites factors which may explain the dividend payout policy- transaction costs and agency costs. We do a cross sectional analysis on a sample of fifty fourChilean public companies in the Santiago Stock Exchange during the period 1996-2002. We find that dividends 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 negatively associated with the 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



  1. Manuscripts should not be longer than 7000 words, Font Times New Roman 12, double space, and in MS Word or RTF format.
  2. Section titles and subtitles should be used. Section titles should be centered in UPPER CASE letters. Section subtitles should be left justified and underwritten. The titles and subtitles must be brief, clearly defined.
  3. 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 are presented on separate pages, they need to be referenced within the body of the manuscript to indicate their location in separate lines as: "INSERT TABLE X HERE".
  4. 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 reach in a column, indicate the appropriate cuts.

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



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

Order of references in the reference list is alphabetical, by the name of the group or the last name of an individual author. If 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.


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Any problem with your submission? Please email us at: estudios@unegocios.cl or estudios@uchile.cl

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