Keywords
How to Cite
Abstract
The adoption of good practices of corporate governance allows transparent management, diminishing the asymmetry of information and the agency conflict. This article investigates the determinants of the corporate governance quality on Brazilian companies with public investment. The sample of the research was constituted by 35 firms for the year 2005 and 34 firms for the year 2006, with public information available on CVM database. It was used econometric techniques of multiple linear regression with application of the ordinary least squares. The results show that the major part of the analyzed companies presents levels of governance above the average. Also, it is evidenced that the greater ownership concentration in the hands of a single shareholder influences positively the corporate governance index, as well as the leverage, tangibility, growth and age, impact negatively on the quality of governance practices.
Key words: Corporate governance. Public companies. Public investment.
If a paper is approved for publication, its copyright has to be transferred by the author(s) to the Review of Business Management – RBGN.
Accordingly, authors are REQUIRED to send RBGN a duly completed and signed Copyright Transfer Form. Please refer to the following template: [Copyright Transfer]
The conditions set out by the Copyright Transfer Form state that the Review of Business Management – RBGN owns, free of charge and permanently, the copyright of the papers it publishes. Although the authors are required to sign the Copyright Transfer Form, RBGN allows authors to hold and use their own copyright without restrictions.
The texts published by RBGN are the sole responsibility of their authors.
The review has adopted the CC-BY Creative Commons Attribution 4.0 allowing redistribution and reuse of papers on condition that the authorship is properly credited.