Transações com partes relacionadas, governança corporativa e desempenho: um estudo com dados em painel / Related party transactions, Corporate governance and performance: a panel data study.

AUTOR(ES)
FONTE

IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia

DATA DE PUBLICAÇÃO

24/02/2012

RESUMO

The study deals with the relationship between related party transactions (RPT\ s) and firm performance in the Brazilian \"Novo Mercado\", and its goal is to identify whether this relationship can be affected by mechanisms of corporate governance. Audit committee was used to measure corporate governance mechanisms. The two assumptions made by Gordon, Henry and Palia (2004), called \"conflicts of interest\" and \"efficient transactions\" were considered in this study. In an attempt to measure these relationships, it was adopted the model of panel data analysis to reduce the problem of omitted variable bias. The empirical results provide evidence that there is a relationship between related party transactions and firm performance. However, the results regarding the moderating effect of the mechanisms of supervision and use of such contracts have been inconclusive.

ASSUNTO(S)

corporate governance desempenho organizacional firm performance governança corporativa modelos para dados em painel - pesquisa e planejamento panel data analysis

ACESSO AO ARTIGO

Documentos Relacionados