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DC Field | Value | Language |
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dc.contributor.author | Lameira, Valdir | - |
dc.date.accessioned | 2018-06-18T08:32:05Z | - |
dc.date.available | 2018-06-18T08:32:05Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Lameira, V. (2013). Value and governance of the Brazilian corporations : how is the relationship between these variables?. International Journal of Economics & Business Administration, 1(3), 93-110. | en_GB |
dc.identifier.issn | 23817356 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/31073 | - |
dc.description.abstract | This study estimated the quality of governance practiced by a significant sample of Brazilian publicly traded companies between 2002 and 2006, and related it to risk, performance and value. An index composed of twenty questions, with all answers in binary form, was constructed to measure the quality of governance. Hausman test was used and the results showed endogeneity between governance and value. Afterwards the structural equations method was applied and constructed several models involving the relationships among governance; performance measured by roe (return on assets) and ets (ebit-to-sales); risk measured by the wacc (weighted average cost of capital), and value measured by mts (market-to-book sales) and mtbv (market-to-book value). Statistically significant results between higher levels of governance, lower risk, better performance and higher value were observed. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Eleftherios Thalassinos | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Business enterprises -- Brazil | en_GB |
dc.subject | Corporate governance -- Brazil | en_GB |
dc.subject | Risk management -- Brazil | en_GB |
dc.subject | Economic development -- Brazil | en_GB |
dc.title | Value and governance of the Brazilian corporations : how is the relationship between these variables? | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | International Journal of Economics & Business Administration | en_GB |
Appears in Collections: | IJEBA, Volume 1, Issue 3 |
Files in This Item:
File | Description | Size | Format | |
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Value_and_Governance_of_the_Brazilian_Corporations_How_is_the_Relationship_between_these_Variables_2013.pdf | 330.37 kB | Adobe PDF | View/Open |
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