Details

Autor(en) / Beteiligte

• de Almeida Campos, Eline
• Ribeiro, Camilla dos Santos
• Bortolon, Patricia Maria

Titel

EMPIRICAL ANALYSIS OF THE ASSOCIATION BETWEEN FOREIGN INVESTORS AND CORPORATE GOVERNANCE IN BRAILIAN COMPANIES/ ANALISE EMPIRICA DA ASSOCIACAO ENTRE INVESTIDORES ESTRANGEIROS E GOVERNANCA CORPORATIVA NAS EMPRESAS BRASILEIRAS/ ANALISIS EMPIRICO DE LA ASOCIACION ENTRE INVERSIONISTAS EXTRANJEROS Y GOBIERNO CORPORATIVO EN EMPRESAS BRASILNAS

Ist Teil von

• Revista Gestão, finanças e contabilidade, 2019-09, Vol.9 (3), p.3

Ort / Verlag

Universidade do Estado da Bahia

Erscheinungsjahr

2019

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• With the objective of improve transparency and guarantee of shareholders' rights, Corporate governance has been an extremely important element for publicly traded companies. Considering the large participation of foreign investors in the Brazilian market, this study sought to determine if they prefer to invest in companies with better corporate governance practices. Analyzing 174 companies listed in B3 in 2017, through mean difference tests and Logit models, this research found that there is a statistically significant relationship between the presence of foreign investors among the main shareholders of companies and higher scores in a broad corporate governance index. From this result, it can be inferred that foreign investors take into account the corporate governance of the companies in the decision to invest in the Brazilian market. This evidence can motivate companies to invest in better corporate governance practices.