Compliance with good corporate governance practices and the managerial ability of managers
The goal of this study is to analyze the influence of compliance with good corporate governance practices on the managerial skills of managers of companies listed on B3. The investigated sample considered 498 observations of the 100 companies listed on B3, with higher share liquidity, during the per...
| Authors: | , , , |
|---|---|
| Format: | article |
| Status: | Published version |
| Publication Date: | 2023 |
| Country: | Brasil |
| Institution: | Universidade Federal de Santa Catarina (UFSC) |
| Repository: | Revista Contemporânea de Contabilidade (Online) |
| Language: | English Portuguese |
| OAI Identifier: | oai:periodicos.ufsc.br:article/84840 |
| Online Access: | https://periodicos.ufsc.br/index.php/contabilidade/article/view/84840 |
| Access Level: | Open access |
| Keyword: | Corporate governance Managerial skill Compliance Gobierno corporativo Capacidad de gestión Cumplimiento Governança corporativa Habilidade gerencial |
| Summary: | The goal of this study is to analyze the influence of compliance with good corporate governance practices on the managerial skills of managers of companies listed on B3. The investigated sample considered 498 observations of the 100 companies listed on B3, with higher share liquidity, during the period from 2015 to 2019, using the multiple linear regression method for analysis. The results show that companies with deficient corporate governance practices and with less compliance with the requirements of the benchmarks of good corporate governance practices operate with more skilled managers to compensate for the organizational deficiency. The evidence indicated that companies with greater compliance with good corporate governance practices have managers who do not necessarily have greater managerial skills. These findings indicate that companies complying with good corporate governance practices can establish high standards of organizational culture, thus reducing the dependence of the manager’s managerial skill on the organization’s results. |
|---|