We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
GOVERNANÇA CORPORATIVA: UMA ANÁLISE DA RELAÇÃO DO CONSELHO DE ADMINISTRAÇÃO COM O VALOR DE MERCADO E DESEMPENHO DAS EMPRESAS BRASILEIRAS.
- Authors
de Andrade, Lélis Pedro; Salazar, German Torres; Calegário, Cristina Lélis Leal; Silva, Sabrina Soares
- Abstract
The objective of this work was to identify the relation between the composition of the board of directors, with the market of value and performance of the Brazilian companies of capital market. The hierarchic multiple regression model was used identify, not only the relation of the main independent variables selected, but, to consider the effect of other characteristics of the companies who also has influence in both the market of value and performance. As results, it can be distinguished that the composition of the administration board has exerted more influence in the value of market of the companies than in their performance. The total of board of directors showed positively related such as with the market of value as the performance. It was also evidenced that the characteristics of the companies, as indebtedness and its size, when they interact with the characteristics of the administration advice, suggest that the recommendations of the code of corporate governance produce different effect in the companies, following its individual characteristics.
- Subjects
BRAZIL; BOARDS of directors; VALUE (Economics); PERFORMANCE; CAPITAL market; CORPORATE governance; MULTIPLE regression analysis; BUSINESS enterprises
- Publication
RAM. Mackenzie Management Review / RAM. Revista de Administração Mackenzie, 2009, Vol 10, Issue 4, p4
- ISSN
1518-6776
- Publication type
Article
- DOI
10.1590/S1678-69712009000400002