Influência da governança corporativa no custo da dívida de companhias abertas familiares

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 deb...

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Detalles Bibliográficos
Autores: Einsweiller, André Carlos, Moura, Geovannne Dias de, Kruger, Silvana Dalmutt
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:Brasil
Institución:Universidade Federal do Ceará (UFC)
Repositorio:Repositório Institucional da Universidade Federal do Ceará (UFC)
Idioma:portugués
OAI Identifier:oai:repositorio.ufc.br:riufc/52500
Acceso en línea:http://www.repositorio.ufc.br/handle/riufc/52500
Access Level:acceso abierto
Palabra clave:Governança corporativa
Conselho de administração
Membros independentes
Custo da dívida
Companhias abertas familiares
Descripción
Sumario: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.