Influence of the Board of Directors on the Performance of the Latin American Integrated Market

被引：3

作者：

Amestica Rivas, Luis ^{[1
]}

King Dominguez, Andrea ^{[2
]}

Moraga Dionicio, Viviana ^{[3
]}

Romero Romero, Rodrigo ^{[4
]}

机构：

[1] Univ Bio Bio, Fac Ciencias Empresariales, Dept Gest Empresarial, Chillan, Chile

[2] Univ Bio Bio, Fac Ciencias Empresariales, Dept Econ & Finanzas, Concepcion, Chile

[3] Univ Bio Bio, Fac Ciencias Empresariales, Concepcion, Chile

[4] Univ Bio Bio, Dept Ingn Ind, Concepcion, Chile

来源：

REVISTA FINANZAS Y POLITICA ECONOMICA | 2021年 / 13卷 / 01期

关键词：

Board behavior; corporate control; governance; principles of corporate governance; CORPORATE GOVERNANCE; FIRM PERFORMANCE; GENDER DIVERSITY; OWNERSHIP; IMPACT; SIZE; INDEPENDENCE; MANAGEMENT; DISCLOSURE; COMPANIES;

D O I：

10.14718/revfinanzpolitecon.v13.n1.2021.10

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The main objective of this research is to determine whether characteristics of the composition of the board of directors, such as percentage of women, board independence, or size and ownership concentration in the Integrated Latin American Market (MILA), contribute to the economic performance of companies. The ROA, ROE, and Tobin's Q were used as performance measures. This study performs a regression analysis using the Tobit Model, with dynamic and static panel data with fixed effects, on a sample of 83 companies. Finally, evidence was found that both board size and ownership concentration influence the performance of companies.

引用

页码：225 / 251

页数：27

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