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Value, governance and foreign shareholding in Brazilian companies

Tipo
Artigos

Ano
03/05/2016

Linha de Pesquisa
Administração e Economia de Negócios

Autor(es)
Natalia Simões, André Carvalhal da Silva

Orientador

https://virtusinterpress.org/VALUE-GOVERNANCE-AND-FOREIGN.html


Corporate Ownership & Control, v. 13, n. 3-2, pp. 275-278. Abstract: This study aims to identify the characteristics of Brazilian listed companies that have foreign investors. The purpose is to examine whether such companies have higher performance and valuation and better corporate governance. We study 215 listed companies from 2001 to 2012, and find that there is a significant relationship between the presence of foreign investors and higher firm valuation, higher profitability and better corporate governance.

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