Corporate Governance and firm’s performance: evidence from Euronext Lisbon
Main Author: | |
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Publication Date: | 2021 |
Format: | Master thesis |
Language: | eng |
Source: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Download full: | http://hdl.handle.net/10773/32668 |
Summary: | 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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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:RCAAP2024-02-22T12:02:52Zoai:ria.ua.pt:10773/32668Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:04:14.266588Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
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 |
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embargoedAccess |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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