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La composición del consejo de administración y la estructura accionaria como factores explicativos de la transparencia en el gobierno corporativo en Latinoamérica: evidencia en empresas cotizadas de Argentina, Brasil, Chile y México

Author

Listed:
  • Guadalupe del Carmen Briano Turrent
  • María Luisa Saavedra García

Abstract

El objetivo del trabajo consistió en obtener evidencia empírica de la relación entre la estructura del consejo de administración y la composición de la propiedad, y el nivel de transparencia de gobierno corporativo en empresas de mayor cotización bursátil en Latinoamérica. Para esto se realizó una investigación de tipo correlacional con un análisis longitudinal utilizando datos de las empresas de mayor cotización bursátil en Argentina, Brasil, Chile y México, durante el periodo 2004-2010. A partir de lo anterior, los resultados ponen de manifiesto que el nivel de transparencia es más elevado en empresas con consejos de administración de mayor tamano y con un porcentaje mayor de consejeros independientes. Por su parte,la concentración de la propiedad inhibe el nivel de transparencia en el gobierno corporativo, mientrasque la presencia familiar en el accionariado motiva a una mayor divulgación de información corporativa.

Suggested Citation

  • Guadalupe del Carmen Briano Turrent & María Luisa Saavedra García, 2015. "La composición del consejo de administración y la estructura accionaria como factores explicativos de la transparencia en el gobierno corporativo en Latinoamérica: evidencia en empresas cotizadas de A," Estudios Gerenciales, Universidad Icesi, vol. 31(136), pages 275-286, October.
    • Handle: RePEc:col:000129:013833
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    File URL: http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/2062
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    Cited by:

    1. Derry Quintana Aguilar, 2016. "Impact of Corporate Governance on Peruvian Banks' Financial Strength," IHEID Working Papers 12-2016, Economics Section, The Graduate Institute of International Studies.
    2. María Luisa Saavedra García & María Elena Camarena Adame, 2018. "The Relationship between Profitability and the Participation of Women in the Board of Directors of Listed Companies in Mexico," Revista Equidad y Desarrollo, Universidad de la Salle, issue 23, pages 33-55, July.

    More about this item

    Keywords

    Consejo de administración; Estructura de la propiedad; Transparencia; Accionariado familiar; Latinoamérica;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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