Notes: The universe of companies covered by Economatica includes all Latin American listed companies that have at least a minimal trading activity. This universe is believed to represent more than 95% of each country’s total market capitalization. The companies from the covered universe that did not have all the data points used in this survey were eliminated. Earnings for 1996, 1997 and 1998 are for the 12 months of the calendar year, even for companies whose fiscal year doesn’t coincide with the calendar year. Market capitalization and stockholders’ equity for 1996, 1997 and 1998 are for the end of each year. Market capitalization for 1999 is as of Nov. 2, 1999 and stockholders’ equity for 1999 is as of June 1999.