Relação entre governo corporativo e desempenho financeiro: evidência para as empresas colombianas durante o período de 2006 a 2013
Resumo
Os atributos de governo corporativo de uma empresa são de grande importância para seus investidores devido à relação que estes têm com o desempenho financeiro. Este trabalho pretende apoiar a evidência internacional sobre essa relação e justifica a implantação de boas práticas de governo corporativo nas empresas colombianas que cotam no mercado de valores. Para isso, é estabelecida conjuntamente uma análise não linear de componentes principais e o método generalizado de momentos. Nesse exercício, são extraídas as complexas dimensões de governo corporativo por meio de suas relações locais e, em seguida, é avaliada sua relação com os indicadores de desempenho financeiro: ROA e Q de Tobin.
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