Corporate Governance and firm’s performance: evidence from Euronext Lisbon

Detalhes bibliográficos
Autor(a) principal: Nogueira, João Carlos da Silva
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10773/32668
Resumo: This dissertation aims to examine de relationship between several Corporate Governance (CG) characteristics and performance in Portuguese listed companies. This study is based on a sample of Portuguese listed firms for a period between the years of 2010 to 2020. The main results show that higher level of managerial ownership and gender diversity may drive to a higher level of performance. However, no evidence was found that a representation of three or more female directors leads to an increase in performance. Additionally, the results suggest there is a negative relationship between leverage and performance when this is analysed with a market-based performance measure. Finally, we found evidence that the COVID-19 pandemic had a negative impact on corporate performance.
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spelling Corporate Governance and firm’s performance: evidence from Euronext LisbonCorporate GovernanceBoard of DirectorsPerformanceListed companiesPortugalThis dissertation aims to examine de relationship between several Corporate Governance (CG) characteristics and performance in Portuguese listed companies. This study is based on a sample of Portuguese listed firms for a period between the years of 2010 to 2020. The main results show that higher level of managerial ownership and gender diversity may drive to a higher level of performance. However, no evidence was found that a representation of three or more female directors leads to an increase in performance. Additionally, the results suggest there is a negative relationship between leverage and performance when this is analysed with a market-based performance measure. Finally, we found evidence that the COVID-19 pandemic had a negative impact on corporate performance.Esta dissertação procura examinar a relação entre diversas características de Governo das Sociedades e o desempenho das empresas portuguesas cotadas em bolsa. Este estudo baseou-se numa amostra de empresas portuguesas com títulos cotados em bolsa para o período compreendido entre 2010 e 2020. Os principais resultados sugerem que os gestores que são acionistas e diversidade de género conduzem a um aumento do desempenho das empresas. No entanto, não foi detetada evidência de que uma representação de três ou mais mulheres no conselho de administração conduza a um aumento no desempenho da empresa das empresas. Adicionalmente, os resultados sugerem uma relação negativa entre o endividamento das empresas e a rendibilidade, quando esta é medida através de um rácio de desempenho de mercado. Finalmente, foi encontrada evidência de que a pandemia COVID-19 teve um impacto negativo no desempenho empresarial.2023-07-26T00:00:00Z2021-07-26T00:00:00Z2021-07-26info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10773/32668engNogueira, João Carlos da Silvainfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-17T04:11:41ZPortal AgregadorONG
dc.title.none.fl_str_mv Corporate Governance and firm’s performance: evidence from Euronext Lisbon
title Corporate Governance and firm’s performance: evidence from Euronext Lisbon
spellingShingle Corporate Governance and firm’s performance: evidence from Euronext Lisbon
Nogueira, João Carlos da Silva
Corporate Governance
Board of Directors
Performance
Listed companies
Portugal
title_short Corporate Governance and firm’s performance: evidence from Euronext Lisbon
title_full Corporate Governance and firm’s performance: evidence from Euronext Lisbon
title_fullStr Corporate Governance and firm’s performance: evidence from Euronext Lisbon
title_full_unstemmed Corporate Governance and firm’s performance: evidence from Euronext Lisbon
title_sort Corporate Governance and firm’s performance: evidence from Euronext Lisbon
author Nogueira, João Carlos da Silva
author_facet Nogueira, João Carlos da Silva
author_role author
dc.contributor.author.fl_str_mv Nogueira, João Carlos da Silva
dc.subject.por.fl_str_mv Corporate Governance
Board of Directors
Performance
Listed companies
Portugal
topic Corporate Governance
Board of Directors
Performance
Listed companies
Portugal
description This dissertation aims to examine de relationship between several Corporate Governance (CG) characteristics and performance in Portuguese listed companies. This study is based on a sample of Portuguese listed firms for a period between the years of 2010 to 2020. The main results show that higher level of managerial ownership and gender diversity may drive to a higher level of performance. However, no evidence was found that a representation of three or more female directors leads to an increase in performance. Additionally, the results suggest there is a negative relationship between leverage and performance when this is analysed with a market-based performance measure. Finally, we found evidence that the COVID-19 pandemic had a negative impact on corporate performance.
publishDate 2021
dc.date.none.fl_str_mv 2021-07-26T00:00:00Z
2021-07-26
2023-07-26T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10773/32668
url http://hdl.handle.net/10773/32668
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv
repository.mail.fl_str_mv
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