Are Governance Practices Associated with Good Results? The Case of Colombia

Since 2007 Colombian listed firms, non-financial and financial, are required to disclose their compliance to a governance country code. The compliance is interpreted as the level of governance and used as independent variable for regressions looking for the determinants of performance and dividends....

Full description

Autores:
Benavides Franco, Julián
Tipo de recurso:
http://purl.org/coar/resource_type/c_c94f
Fecha de publicación:
2012
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
eng
OAI Identifier:
oai:repository.icesi.edu.co:10906/83463
Acceso en línea:
http://dx.doi.org/10.2139/ssrn.1986196
http://www.ssrn.com/abstract=1986196
http://repository.icesi.edu.co/biblioteca_digital/handle/10906/83463
Palabra clave:
Economía
Gobierno corporativo
Rendimiento
Dividendos
Gobernanza
Economics
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/
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repository_id_str
spelling Benavides Franco, Juliánjbenavid@icesi.edu.coLima de Lat: 12 03 00 S degrees minutes Lat: -12.0500 decimal degrees Long: 077 03 00 W degrees minutes Long: -77.0500 decimal degrees2018-05-09T13:38:50Z2018-05-09T13:38:50Z2012-06-29http://dx.doi.org/10.2139/ssrn.1986196http://www.ssrn.com/abstract=1986196http://repository.icesi.edu.co/biblioteca_digital/handle/10906/83463instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/Since 2007 Colombian listed firms, non-financial and financial, are required to disclose their compliance to a governance country code. The compliance is interpreted as the level of governance and used as independent variable for regressions looking for the determinants of performance and dividends. The results mostly confirm a positive association of governance with performance, and a U-shaped effect of governance on dividend payout. The effect of governance is higher for non-financial firms and for large non-financial firms.26 páginasDigitalapplication/pdfengSSRNFacultad de Ciencias Administrativas y EconómicasContaduría Pública y Finanzas InternacionalesDepartamento Contable y FinancieroLimaSimposio Internacional Niif, Universidad Icesi, Del Valle, Iaaer, Lima - Perú - 2012EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos Todo persona que consulte ya sea la biblioteca o en medio electrónico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2EconomíaGobierno corporativoRendimientoDividendosGobernanzaEconomicsAre Governance Practices Associated with Good Results? The Case of Colombiainfo:eu-repo/semantics/conferenceObjecthttp://purl.org/coar/resource_type/c_c94fDocumento de conferenciainfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Comunidad Universidad Icesi – InvestigadoresORIGINALbenavides_governance_practices_2012.pdfbenavides_governance_practices_2012.pdfapplication/pdf359736http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/83463/1/benavides_governance_practices_2012.pdf53eed381c0942565a77f0ca00ab339e3MD5110906/83463oai:repository.icesi.edu.co:10906/834632018-05-15 09:32:18.26Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co
dc.title.eng.fl_str_mv Are Governance Practices Associated with Good Results? The Case of Colombia
title Are Governance Practices Associated with Good Results? The Case of Colombia
spellingShingle Are Governance Practices Associated with Good Results? The Case of Colombia
Economía
Gobierno corporativo
Rendimiento
Dividendos
Gobernanza
Economics
title_short Are Governance Practices Associated with Good Results? The Case of Colombia
title_full Are Governance Practices Associated with Good Results? The Case of Colombia
title_fullStr Are Governance Practices Associated with Good Results? The Case of Colombia
title_full_unstemmed Are Governance Practices Associated with Good Results? The Case of Colombia
title_sort Are Governance Practices Associated with Good Results? The Case of Colombia
dc.creator.fl_str_mv Benavides Franco, Julián
dc.contributor.author.spa.fl_str_mv Benavides Franco, Julián
dc.subject.spa.fl_str_mv Economía
Gobierno corporativo
Rendimiento
Dividendos
Gobernanza
topic Economía
Gobierno corporativo
Rendimiento
Dividendos
Gobernanza
Economics
dc.subject.eng.fl_str_mv Economics
description Since 2007 Colombian listed firms, non-financial and financial, are required to disclose their compliance to a governance country code. The compliance is interpreted as the level of governance and used as independent variable for regressions looking for the determinants of performance and dividends. The results mostly confirm a positive association of governance with performance, and a U-shaped effect of governance on dividend payout. The effect of governance is higher for non-financial firms and for large non-financial firms.
publishDate 2012
dc.date.issued.none.fl_str_mv 2012-06-29
dc.date.accessioned.none.fl_str_mv 2018-05-09T13:38:50Z
dc.date.available.none.fl_str_mv 2018-05-09T13:38:50Z
dc.type.eng.fl_str_mv info:eu-repo/semantics/conferenceObject
dc.type.coar.none.fl_str_mv http://purl.org/coar/resource_type/c_c94f
dc.type.local.spa.fl_str_mv Documento de conferencia
dc.type.version.eng.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.none.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
format http://purl.org/coar/resource_type/c_c94f
status_str publishedVersion
dc.identifier.none.fl_str_mv http://dx.doi.org/10.2139/ssrn.1986196
dc.identifier.other.none.fl_str_mv http://www.ssrn.com/abstract=1986196
dc.identifier.uri.none.fl_str_mv http://repository.icesi.edu.co/biblioteca_digital/handle/10906/83463
dc.identifier.instname.none.fl_str_mv instname: Universidad Icesi
dc.identifier.reponame.none.fl_str_mv reponame: Biblioteca Digital
dc.identifier.repourl.none.fl_str_mv repourl: https://repository.icesi.edu.co/
url http://dx.doi.org/10.2139/ssrn.1986196
http://www.ssrn.com/abstract=1986196
http://repository.icesi.edu.co/biblioteca_digital/handle/10906/83463
identifier_str_mv instname: Universidad Icesi
reponame: Biblioteca Digital
repourl: https://repository.icesi.edu.co/
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Simposio Internacional Niif, Universidad Icesi, Del Valle, Iaaer, Lima - Perú - 2012
dc.rights.uri.none.fl_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.eng.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.license.none.fl_str_mv Atribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
dc.rights.coar.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
Atribuci�n-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 26 páginas
dc.format.medium.spa.fl_str_mv Digital
dc.format.mimetype.eng.fl_str_mv application/pdf
dc.coverage.spatial.none.fl_str_mv Lima de Lat: 12 03 00 S degrees minutes Lat: -12.0500 decimal degrees Long: 077 03 00 W degrees minutes Long: -77.0500 decimal degrees
dc.publisher.none.fl_str_mv SSRN
dc.publisher.faculty.spa.fl_str_mv Facultad de Ciencias Administrativas y Económicas
dc.publisher.program.spa.fl_str_mv Contaduría Pública y Finanzas Internacionales
dc.publisher.department.spa.fl_str_mv Departamento Contable y Financiero
dc.publisher.place.none.fl_str_mv Lima
publisher.none.fl_str_mv SSRN
institution Universidad ICESI
bitstream.url.fl_str_mv http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/83463/1/benavides_governance_practices_2012.pdf
bitstream.checksum.fl_str_mv 53eed381c0942565a77f0ca00ab339e3
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Biblioteca Digital - Universidad icesi
repository.mail.fl_str_mv cdcriollo@icesi.edu.co
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