A influência da governança corporativa na estrutura de capital e no desempenho financeiro das companhias brasileiras de capital aberto

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dc.contributor.advisorHadad Junior, Eli
dc.contributor.advisor1Latteshttp://lattes.cnpq.br/2030318390506756por
dc.contributor.authorSavelli, Andrea Décourt
dc.creator.Latteshttp://lattes.cnpq.br/8398584393583930por
dc.date.accessioned2020-04-11T21:31:51Z
dc.date.accessioned2020-05-28T18:04:37Z
dc.date.available2020-05-28T18:04:37Z
dc.date.issued2019-02-14
dc.description.abstractThis paper investigates the relationship between corporate governance (CG) in the capital structure and financial performance of non-financial companies listed in the Brazilian index (IBrX-50) between 2010 and 2017. For this purpose, a review of the literature on corporate governance and capital structure and the collection of necessary data in the Bloomberg, Capital IQ and Economática database was done, which were included in the Stata software. After analyzing 14 models (3 regressions with static panel data and fixed effects and 11 regressions with static panel data and random effects), we can see that the most relevant CG variables are ownership concentration, percentage of independent directors on the board and the dual presence of the CEO. The results evince that the ownweship concentration variable shows a negative relation with the company's performance and positive for the indebtedness, as well as indicates that a higher percentage of independent directors is positively related to a higher indebtedness. The results for CEO dual presence in relation to leverage are mixed and suggest that duality improves performance, which is contrary to expectations. The control variables that present statistical significance are: size, age of incorporation (only for the fixed effect panel and in relation to the performance variables), sales growth (only in relation to leverage variables) and current ratio (in relation to the leverage variables).eng
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dc.identifier.citationSAVELLI, Andrea Décourt. A influência da governança corporativa na estrutura de capital e no desempenho financeiro das companhias brasileiras de capital aberto. 2019. 81 f. Dissertação (Mestrado em Administração de Empresas) - Universidade Presbiteriana Mackenzie, São Paulo, 2019.por
dc.identifier.urihttp://dspace.mackenzie.br/handle/10899/23674
dc.keywordscorporate governanceeng
dc.keywordsindebtednesseng
dc.keywordscapital structureeng
dc.keywordsfinancial performanceeng
dc.languageporpor
dc.publisherUniversidade Presbiteriana Mackenziepor
dc.rightsAcesso Abertopor
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectgovernança corporativapor
dc.subjectendividamentopor
dc.subjectestrutura de capitalpor
dc.subjectdesempenho financeiropor
dc.subject.cnpqCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::ADMINISTRACAO DE EMPRESASpor
dc.titleA influência da governança corporativa na estrutura de capital e no desempenho financeiro das companhias brasileiras de capital abertopor
dc.typeDissertaçãopor
local.contributor.board1Nakamura, Wilson Toshiro
local.contributor.board2Silva, Edison Simoni da
local.publisher.countryBrasilpor
local.publisher.departmentCentro de Ciências Sociais e Aplicadas (CCSA)por
local.publisher.initialsUPMpor
local.publisher.programAdministração de Empresaspor
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