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Corporate Governance and Corporate Investment: an Exploratory Research in the Brazilian Publicly Traded Companies Listed in Bovespa
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sousa, Nádia Vieira Da Silva Dalmácio, Flávia Zóboli |
| Copyright Year | 2011 |
| Abstract | This paper aims to study the influence of Corporate Governance practices in the institutional decision to invest. It was developed a Governance Index (iGov), a descending rank was prepared and a test was applied to check if the companies in the first 25% of this rank have the highest number of institutional investors among their biggest investors than the companies of the last 25%. For the validation of IGov it was tested if the companies with the best marks present highest Returns, lowest Capital Cost, highest Market Value, highest Competiveness within the sector, lowest Beta, highest EVA® and lowest Share concentration. It has been proved that the best Corporate Governance practices do not have any statistical relation with the presence of more Institutional Investor. |
| File Format | PDF HTM / HTML |
| DOI | 10.22495/cocv9i1c5art4 |
| Volume Number | 9 |
| Alternate Webpage(s) | https://www.virtusinterpress.org/IMG/pdf/10-22495cocv9i1c5art4.pdf |
| Alternate Webpage(s) | https://doi.org/10.22495/cocv9i1c5art4 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |