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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dc.contributor.authorNavarrete Oyarce, José
dc.contributor.authorMoraga Flores, Hugo
dc.contributor.authorGallegos Mardones, Juan
dc.date.accessioned2024-03-27T13:55:45Z
dc.date.available2024-03-27T13:55:45Z
dc.date.issued2023
dc.descriptionIndexación: Scopus.
dc.description.abstractOver 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.
dc.description.urihttps://www-tandfonline-com.recursosbiblioteca.unab.cl/doi/full/10.1080/1331677X.2022.2101016
dc.identifier.citationEconomic Research-Ekonomska Istrazivanja, Volume 36, Issue 1, Pages 2527 - 2544, 2023
dc.identifier.doi10.1080/1331677X.2022.2101016
dc.identifier.issn1331-677X
dc.identifier.urihttps://repositorio.unab.cl/handle/ria/55357
dc.language.isoen
dc.publisherTaylor and Francis Ltd.
dc.rights.licenseCC BY 4.0 DEED Attribution 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectAdhesion to good practices
dc.subjectChile
dc.subjectCorporate governance
dc.subjectFinancial performance
dc.subjectCorporate strategy
dc.subjectDeveloping world
dc.subjectFinancial crisis
dc.subjectFinancial system
dc.subjectIndustrial investment
dc.subjectIndustrial performance
dc.subjectLiterature review
dc.subjectPanel data
dc.titleIndex to degree of adhesion to good practices of corporate governance and their effect on financial performance: evidence for Chilean companies
dc.typeArtículo
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