CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | RAM. Revista de Administração Mackenzie |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712020000600705 |
Resumo: | ABSTRACT Purpose: For the stability of the organizational environment, corporate governance has become an indispensable condition. By adopting corporate governance codes, companies seek to compete differently in the market, valuing transparency as a guiding principle of relationships established in the various business segments. This article aims to compare the characteristics of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru, through the set of practices recommended by the UN. Originality/value: The article studies the adoption of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru. Design/methodology/approach: This is a qualitative and quantitative descriptive study. The data were analyzed in-depth using content analysis techniques and complemented by hierarchical cluster analysis, with the Ward method, using the Jaccard and the Russell and Rao methods. Findings: It was found that the corporate governance codes issued by Brazil, Colombia and Argentina converge with the UN guide. While the corporate governance code issued by Peru partially converges. The observed convergence suggests a concern with the demands of international investors. Finally, it was found that the corporate governance codes issued by Chile and Mexico have low convergence with the UN guide. This represents the lowest level of convergence between the countries investigated, indicating a greater concern with the local context than with international standards. |
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CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICESCorporate governanceGovernance codesUNCluster analysisLatin American countries.ABSTRACT Purpose: For the stability of the organizational environment, corporate governance has become an indispensable condition. By adopting corporate governance codes, companies seek to compete differently in the market, valuing transparency as a guiding principle of relationships established in the various business segments. This article aims to compare the characteristics of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru, through the set of practices recommended by the UN. Originality/value: The article studies the adoption of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru. Design/methodology/approach: This is a qualitative and quantitative descriptive study. The data were analyzed in-depth using content analysis techniques and complemented by hierarchical cluster analysis, with the Ward method, using the Jaccard and the Russell and Rao methods. Findings: It was found that the corporate governance codes issued by Brazil, Colombia and Argentina converge with the UN guide. While the corporate governance code issued by Peru partially converges. The observed convergence suggests a concern with the demands of international investors. Finally, it was found that the corporate governance codes issued by Chile and Mexico have low convergence with the UN guide. This represents the lowest level of convergence between the countries investigated, indicating a greater concern with the local context than with international standards.Editora MackenzieUniversidade Presbiteriana Mackenzie2020-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712020000600705RAM. Revista de Administração Mackenzie v.21 n.6 2020reponame:RAM. Revista de Administração Mackenzieinstname:Universidade Presbiteriana Mackenzie (UPM)instacron:MACKENZIE10.1590/1678-6971/eramd200061info:eu-repo/semantics/openAccessSANTOS,AGNALDO A.CRISPIM,SERGIO F.OLIVA,EDUARDO C.DORNELLES,MARCOSeng2020-11-13T00:00:00Zoai:scielo:S1678-69712020000600705Revistahttps://www.scielo.br/j/ram/https://old.scielo.br/oai/scielo-oai.phprevista.adm@mackenzie.br1678-69711518-6776opendoar:2020-11-13T00:00RAM. Revista de Administração Mackenzie - Universidade Presbiteriana Mackenzie (UPM)false |
dc.title.none.fl_str_mv |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
title |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
spellingShingle |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES SANTOS,AGNALDO A. Corporate governance Governance codes UN Cluster analysis Latin American countries. |
title_short |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
title_full |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
title_fullStr |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
title_full_unstemmed |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
title_sort |
CODES OF CORPORATE GOVERNANCE OF LATIN AMERICAN COUNTRIES: ANALYSIS OF UN PRACTICES |
author |
SANTOS,AGNALDO A. |
author_facet |
SANTOS,AGNALDO A. CRISPIM,SERGIO F. OLIVA,EDUARDO C. DORNELLES,MARCOS |
author_role |
author |
author2 |
CRISPIM,SERGIO F. OLIVA,EDUARDO C. DORNELLES,MARCOS |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
SANTOS,AGNALDO A. CRISPIM,SERGIO F. OLIVA,EDUARDO C. DORNELLES,MARCOS |
dc.subject.por.fl_str_mv |
Corporate governance Governance codes UN Cluster analysis Latin American countries. |
topic |
Corporate governance Governance codes UN Cluster analysis Latin American countries. |
description |
ABSTRACT Purpose: For the stability of the organizational environment, corporate governance has become an indispensable condition. By adopting corporate governance codes, companies seek to compete differently in the market, valuing transparency as a guiding principle of relationships established in the various business segments. This article aims to compare the characteristics of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru, through the set of practices recommended by the UN. Originality/value: The article studies the adoption of corporate governance codes adopted by Latin American countries, including Brazil, Mexico, Argentina, Colombia, Chile, and Peru. Design/methodology/approach: This is a qualitative and quantitative descriptive study. The data were analyzed in-depth using content analysis techniques and complemented by hierarchical cluster analysis, with the Ward method, using the Jaccard and the Russell and Rao methods. Findings: It was found that the corporate governance codes issued by Brazil, Colombia and Argentina converge with the UN guide. While the corporate governance code issued by Peru partially converges. The observed convergence suggests a concern with the demands of international investors. Finally, it was found that the corporate governance codes issued by Chile and Mexico have low convergence with the UN guide. This represents the lowest level of convergence between the countries investigated, indicating a greater concern with the local context than with international standards. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-01-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712020000600705 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712020000600705 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/1678-6971/eramd200061 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Editora Mackenzie Universidade Presbiteriana Mackenzie |
publisher.none.fl_str_mv |
Editora Mackenzie Universidade Presbiteriana Mackenzie |
dc.source.none.fl_str_mv |
RAM. Revista de Administração Mackenzie v.21 n.6 2020 reponame:RAM. Revista de Administração Mackenzie instname:Universidade Presbiteriana Mackenzie (UPM) instacron:MACKENZIE |
instname_str |
Universidade Presbiteriana Mackenzie (UPM) |
instacron_str |
MACKENZIE |
institution |
MACKENZIE |
reponame_str |
RAM. Revista de Administração Mackenzie |
collection |
RAM. Revista de Administração Mackenzie |
repository.name.fl_str_mv |
RAM. Revista de Administração Mackenzie - Universidade Presbiteriana Mackenzie (UPM) |
repository.mail.fl_str_mv |
revista.adm@mackenzie.br |
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1752128650527899648 |