Index to degree of adhesion to good practices of corporate governance and their effect on financial performance: evidence for Chilean companies
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Archivos
Fecha
2023
Profesor/a Guía
Facultad/escuela
Idioma
en
Título de la revista
ISSN de la revista
Título del volumen
Editor
Taylor and Francis Ltd.
Nombre de Curso
Licencia CC
CC BY 4.0 DEED Attribution 4.0 International
Licencia CC
https://creativecommons.org/licenses/by/4.0/
Resumen
Over recent decades, numerous financial crises have affected the global economy, which were caused by the lack of ethical values and conflicts of interest amongst the leaders of organisations. To protect organisations and their interest groups, regulators have developed norms to discourage and prohibit unethical practices through promotion of good practices of corporate governance. However, the literature on good corporate governance practices focuses mainly on developed economies without considering the challenges of developing countries. Therefore, this research proposes an index to measure the degree of adherence to good corporate governance practices in an emerging economy, like Chile, and estimate its effect on the financial performance of companies. Through a panel analysis, this research provides evidence that shows the existence of a positive and significant relationship between this index and financial performance of organisations, as well as a persistence of its benefits over time when companies adopt good practices. © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
Notas
Indexación: Scopus.
Palabras clave
Adhesion to good practices, Chile, Financial performanc
Citación
Economic Research-Ekonomska Istrazivanja. Open Access. Volume 36, Issue 1, Pages 2527 - 2544. 2023
DOI
10.1080/1331677X.2022.2101016