Influence of corporate governance on cost of family open debt

Detalhes bibliográficos
Autor(a) principal: Einsweiller, André Carlos
Data de Publicação: 2020
Outros Autores: Moura, Geovanne Dias de, Kruger, Silvana Dalmutt
Tipo de documento: Artigo
Idioma: por
Título da fonte: Contextus (Fortaleza. Online)
Texto Completo: http://periodicos.ufc.br/contextus/article/view/42682
Resumo: The study verified the influence of corporate governance on the cost of debt of family owned companies. To this end, a descriptive, documentary and quantitative research was conducted on a sample of family companies that had data available for the period from 2012 to 2017. To measure the cost of debt, the ratio between financial expenses and the liability was identified. For corporate governance were used: a) adherence to the new market; b) have independent members on the board of directors; c) percentage of independent board members; d) majority of independent board members; e) non-duality as CEO and chairman. The results showed that corporate governance does not influence a reduction in the cost of debt in family businesses.
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spelling Influence of corporate governance on cost of family open debtInfluencia del gobierno corporativo sobre el costo de la deuda abierta de la familiaInfluência da governança corporativa no custo da dívida de companhias abertas familiarescorporate governanceadministrative councilindependent memberscost of debtfamily owned companiesgobierno corporativojunta directivamiembros independientescosto de la deudaempresas familiaresgovernança corporativaconselho de administraçãomembros independentescusto da dívidacompanhias abertas familiaresThe study verified the influence of corporate governance on the cost of debt of family owned companies. To this end, a descriptive, documentary and quantitative research was conducted on a sample of family companies that had data available for the period from 2012 to 2017. To measure the cost of debt, the ratio between financial expenses and the liability was identified. For corporate governance were used: a) adherence to the new market; b) have independent members on the board of directors; c) percentage of independent board members; d) majority of independent board members; e) non-duality as CEO and chairman. The results showed that corporate governance does not influence a reduction in the cost of debt in family businesses.El estudio verificó la influencia del gobierno corporativo en el costo de la deuda de las empresas familiares. Con este fin, se realizó una investigación descriptiva, documental y cuantitativa sobre una muestra de empresas familiares que tenían datos disponibles para el período de 2012 a 2017. Para medir el costo de la deuda, se identificó la relación entre los gastos financieros y el pasivo. Para el gobierno corporativo se utilizaron: a) adhesión al nuevo mercado; b) tener miembros independientes en el consejo de administración; c) porcentaje de consejeros independientes; d) mayoría de los miembros independientes de la junta; e) no dualidad como CEO y presidente. Los resultados mostraron que el gobierno corporativo no influye en la reducción del costo de la deuda en las empresas familiares.O estudo verificou a influência da governança corporativa no custo da dívida de companhias abertas familiares. Para tal, realizou-se pesquisa descritiva, documental e quantitativa em uma amostra de companhias familiares que possuíam dados disponíveis para o período de 2012 a 2017. Para mensurar o custo da dívida, identificou-se a razão entre as despesas financeiras e o passivo oneroso. Para governança corporativa foram utilizadas: a) aderência ao novo mercado; b) possuir membros independentes no conselho de administração; c) percentual de membros independentes no conselho; d) maioria de membros independentes no conselho; e) não dualidade no cargo de CEO e de presidente do conselho. Os resultados evidenciaram que a governança corporativa não influencia uma redução no custo da dívida em empresas familiares.FEAAC/UFC2020-03-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/ziphttp://periodicos.ufc.br/contextus/article/view/4268210.19094/contextus.2020.42682Contextus - Contemporary Journal of Economics and Management; Vol 18: jan/dec 2020; 14-24Contextus – Revista Contemporánea de Economía y Gestión; Vol. 18: ene/dic 2020; 14-24Contextus – Revista Contemporânea de Economia e Gestão; v. 18: jan/dez 2020; 14-242178-92581678-2089reponame:Contextus (Fortaleza. Online)instname:Universidade Federal do Ceará (UFC)instacron:UFCporhttp://periodicos.ufc.br/contextus/article/view/42682/100241http://periodicos.ufc.br/contextus/article/view/42682/165535http://periodicos.ufc.br/contextus/article/view/42682/165536http://periodicos.ufc.br/contextus/article/view/42682/165537http://periodicos.ufc.br/contextus/article/view/42682/165538Copyright (c) 2020 Revista: apenas para a 1a. publicaçãohttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessEinsweiller, André CarlosMoura, Geovanne Dias deKruger, Silvana Dalmutt2022-02-08T12:37:48Zoai:periodicos.ufc:article/42682Revistahttp://periodicos.ufc.br/contextusPUBhttp://periodicos.ufc.br/contextus/oairevistacontextus@ufc.br2178-92581678-2089opendoar:2022-02-08T12:37:48Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv Influence of corporate governance on cost of family open debt
Influencia del gobierno corporativo sobre el costo de la deuda abierta de la familia
Influência da governança corporativa no custo da dívida de companhias abertas familiares
title Influence of corporate governance on cost of family open debt
spellingShingle Influence of corporate governance on cost of family open debt
Einsweiller, André Carlos
corporate governance
administrative council
independent members
cost of debt
family owned companies
gobierno corporativo
junta directiva
miembros independientes
costo de la deuda
empresas familiares
governança corporativa
conselho de administração
membros independentes
custo da dívida
companhias abertas familiares
title_short Influence of corporate governance on cost of family open debt
title_full Influence of corporate governance on cost of family open debt
title_fullStr Influence of corporate governance on cost of family open debt
title_full_unstemmed Influence of corporate governance on cost of family open debt
title_sort Influence of corporate governance on cost of family open debt
author Einsweiller, André Carlos
author_facet Einsweiller, André Carlos
Moura, Geovanne Dias de
Kruger, Silvana Dalmutt
author_role author
author2 Moura, Geovanne Dias de
Kruger, Silvana Dalmutt
author2_role author
author
dc.contributor.author.fl_str_mv Einsweiller, André Carlos
Moura, Geovanne Dias de
Kruger, Silvana Dalmutt
dc.subject.por.fl_str_mv corporate governance
administrative council
independent members
cost of debt
family owned companies
gobierno corporativo
junta directiva
miembros independientes
costo de la deuda
empresas familiares
governança corporativa
conselho de administração
membros independentes
custo da dívida
companhias abertas familiares
topic corporate governance
administrative council
independent members
cost of debt
family owned companies
gobierno corporativo
junta directiva
miembros independientes
costo de la deuda
empresas familiares
governança corporativa
conselho de administração
membros independentes
custo da dívida
companhias abertas familiares
description The study verified the influence of corporate governance on the cost of debt of family owned companies. To this end, a descriptive, documentary and quantitative research was conducted on a sample of family companies that had data available for the period from 2012 to 2017. To measure the cost of debt, the ratio between financial expenses and the liability was identified. For corporate governance were used: a) adherence to the new market; b) have independent members on the board of directors; c) percentage of independent board members; d) majority of independent board members; e) non-duality as CEO and chairman. The results showed that corporate governance does not influence a reduction in the cost of debt in family businesses.
publishDate 2020
dc.date.none.fl_str_mv 2020-03-28
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://periodicos.ufc.br/contextus/article/view/42682
10.19094/contextus.2020.42682
url http://periodicos.ufc.br/contextus/article/view/42682
identifier_str_mv 10.19094/contextus.2020.42682
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv http://periodicos.ufc.br/contextus/article/view/42682/100241
http://periodicos.ufc.br/contextus/article/view/42682/165535
http://periodicos.ufc.br/contextus/article/view/42682/165536
http://periodicos.ufc.br/contextus/article/view/42682/165537
http://periodicos.ufc.br/contextus/article/view/42682/165538
dc.rights.driver.fl_str_mv Copyright (c) 2020 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/zip
dc.publisher.none.fl_str_mv FEAAC/UFC
publisher.none.fl_str_mv FEAAC/UFC
dc.source.none.fl_str_mv Contextus - Contemporary Journal of Economics and Management; Vol 18: jan/dec 2020; 14-24
Contextus – Revista Contemporánea de Economía y Gestión; Vol. 18: ene/dic 2020; 14-24
Contextus – Revista Contemporânea de Economia e Gestão; v. 18: jan/dez 2020; 14-24
2178-9258
1678-2089
reponame:Contextus (Fortaleza. Online)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Contextus (Fortaleza. Online)
collection Contextus (Fortaleza. Online)
repository.name.fl_str_mv Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv revistacontextus@ufc.br
_version_ 1798045753301532672

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