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

• Briano Turrent, Guadalupe del Carmen ^[1] ; Saavedra García, María Luisa ^[2]
  1. [1] Universidad Autónoma de San Luis Potosí

     Universidad Autónoma de San Luis Potosí

     México

     
  2. [2] Universidad Nacional Autónoma de México

     Universidad Nacional Autónoma de México

     México

     
• Localización: Estudios Gerenciales: Journal of Management and Economics for Iberoamerica, ISSN 0123-5923, Vol. 31, Nº. 136, 2015, págs. 275-286
• Idioma: español
• DOI: 10.1016/j.estger.2015.02.001
• Títulos paralelos:
  • A composição do conselho de administração e a estrutura accionaria como factores explicativos da transparência no governo corporativo na América Latina: Evidência em empresas quotizadas da Argentina, Brasil, Chile e México
  • The composition of the board and ownership structure as explanatory factors of transparency in corporate governance in Latin America: Evidence from listed companies in Argentina, Brazil, Chile and Mexico
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 17 Citas
• Resumen
  • español

    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 tamaño 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, mientras que la presencia familiar en el accionariado motiva a una mayor divulgación de información corporativa.

  • português

    O objectivo do trabalho consistiu em obter a evidência empírica da relação entre a estrutura do conselho de administração e a composição da propriedade e o nível de transparência do governo corporativo em empresas de maior quotização de acções na América Latina. Para isso realizou-se uma investigação do tipo de correlação com uma análise longitudinal utilizando dados das empresas de maior quotização de acções na Argentina, Brasil, Chile e México, durante o período 2004-2010. A partir do anterior, os resultados mostram que o nível de transparência é mais elevado em empresas com conselhos de administração de maior tamanho e com uma percentagem maior de conselheiros independentes. Por seu lado, a concentração da propriedade inibe o nível de transparência no governo corporativo, enquanto a presença familiar no accionista motiva uma maior divulgação de informação corporativa.

  • English

    The objective of this paper is to obtain empirical evidence of the relationship between board structure, ownership composition, and the level of corporate governance transparency in the largest listed companies of Latin America. A correlational study was conducted with a longitudinal analysis using data from the largest listed comanies in Argentina, Brazil, Chile and Mexico during the period 2004-2010.

    The results show that the level of transparency is higher in companies with larger boards and with a higher percentage of independent directors. Meanwhile, the composition of ownership inhibits the level of transparency in corporate governance, while the presence of family shareholders encourages greater disclosure of corporate information

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