Examinando por Materia "gobierno corporativo"

Mostrando 1 - 5 de 5
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    Análisis de la influencia del gobierno corporativo sobre el desempeño financiero de empresas del índice Bovespa de la Bolsa de Valores de São Paulo, en el período 2015-2024
    (Universidad EAFIT, 2025-08-04) Ordoñez Latorre Carlos Fabian; Ruiz Joaqui Wilmer Emiro; Mejía Jaramillo,Alejandro
    This research conducted a comparative analysis of the corporate governance of companies listed on the Ibovespa index of the São Paulo Stock Exchange (Brazil) to test whether the administrative practices measured by the corporate governance index have the expected effects on their financial performance or, on the contrary, evidence suggests agency problems linked to moral hazard, adverse selection, or other related events. The analysis was conducted in three dimensions of financial performance: operating, leverage, and share price, all from two perspectives: general, for the entire stock exchange; and individual, by economic activity of the industry.
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    Analysis of Corporate Governance practices in the Colombia Stock Exchange
    (Universidad EAFIT, 31/10/2013) Diógenes Lagos Cortés; Docente Fundación Universitaria Monserrate, Facultad de Ciencias Sociales y Económicas. Docente Universidad Santo Tomás, Facultad de Cultura Física, Deporte y recreación. Bogotá, Colombia.
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    Aplicación del modelo gravitacional al impacto del gobierno corporativo en las fusiones y adquisiciones en Latinoamérica
    (Universidad EAFIT, 2012-12-03) Vasco, Mateo; Cortés, Lina M.; Gaitán, Sandra C.; Durán, Iván A.
    In this study we analyze whether transnational mergers and acquisitions (M&As) are influenced by country level corporate governance standards. For this purpose, we use a gravity model. Additionally, this study focuses only on the M&As flows from the OECD countries towards Latinamerican economies, and we use the Kaufmann indicators as measures of country level corporate governance, among others. We find evidence that the gravity model is explicative of the M&As flows, and that the higher the level of corporate governance at both origin and destination countries, the greater the M&As activity.
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    The Evolution of Interlocking Directorates Studies - A Global Trend Perspective
    (Universidad EAFIT, 12/12/2018) Miguel Ignacio Córdova; Pontificia Universidad Católica del Perú
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    The weighted average cost of capital over the lifecycle of the firm: is the overinvestment problem of mature firms intensified by a higher WACC?
    (Universidad EAFIT, 2016-01-18) García, Carlos S; Saravia, Jimmy A; Yepes, David A
    Firm lifecycle theory predicts that the Weighted Average Cost of Capital (WACC) will tend to fall over the lifecycle of the firm (Mueller, 2003, p. 80-81). However, given that previous research finds that corporate governance deteriorates as firms get older (Mueller and Yun, 1998; Saravia, 2014) there is good reason to suspect that the opposite could be the case, that is, that the WACC is higher for older firms. Since our literature review indicates that no direct tests to clarify this question have been carried out up till now, this paper aims to fill the gap by testing this prediction empirically. Our findings support the proposition that the WACC of younger firms is higher than that of mature firms. Thus, we find that the mature firm overinvestment problem is not intensified by a higher cost of capital, on the contrary, our results suggest that mature firms manage to invest in negative net present value projects even though they have access to cheaper capital. This finding sheds new light on the magnitude of the corporate governance problems found in mature firms.