Evolution of corporate governance in Chile since the OPASs law

CAPIC REVIEW

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Title Evolution of corporate governance in Chile since the OPASs law
Evolución del gobierno corporativo en Chile desde la ley de OPASs
 
Creator Carvajal Arenas, Lorena
 
Subject corporate governance
public offering of shares
OPASs
Chile
gobierno corporativo
oferta pública de acciones
OPASs
Chile
 
Description The text draws the reader into overlapping academic debates, since the content is not merely theoretical, but, through empirical studies, firstly, evaluates the incorporation of the OECD GC Principles into Chilean regulations; and, secondly, it studies the application of these principles by Open Stock Companies (listed on the Stock Exchange) and the implication that said praxis has on the value of the company and, by rebound, on the Capital Market.
The hypothesis raised, in the sense that in the Chilean Capital Market, good corporate governance based on OECD provisions –measured through a compliance index– is positively related to the value of the company, is partially demonstrated. It is concluded that, in the study period, the least important factor in the value of the company is the quality of the Corporate Governance.
El texto arrastra al lector a debates académicos imbricados, ya que el contenido no es meramente teórico, sino que, a través de estudios empíricos, en primer lugar, evalúa la incorporación de los Principios de GC de la OCDE en la normativa chilena; y, en segundo lugar, estudia la aplicación de dichos principios por Sociedades Anónimas Abiertas (cotizadas en Bolsa) y la implicancia que dicha praxis tiene en el valor de la empresa y, por rebote, en el Mercado de Capitales.
La hipótesis planteada, en el sentido que en el Mercado de Capitales chileno el buen gobierno corporativo basado en disposiciones de la OCDE –medido mediante un índice de cumplimiento– está relacionado positivamente con el valor de la empresa, es parcialmente demostrada. Se concluye que, en el período de estudio, el factor menos importante en el valor de la empresa es la calidad del Gobierno Corporativo.
 
Publisher Conferencia Académica Permanente de Investigación Contable
 
Date 2020-07-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Text review, book not evaluated
Reseña de texto, libro no evaluado
 
Format application/pdf
 
Identifier https://capicreview.com/index.php/capicreview/article/view/80
10.35928/cr.vol17.2019.80
 
Source CAPIC REVIEW; Vol 17 (2019): CAPIC REVIEW; 1-2
CAPIC REVIEW; Vol. 17 (2019): CAPIC REVIEW; 1-2
0718-4662
0718-4654
10.35928/cr.vol17.2019
 
Language spa
 
Relation https://capicreview.com/index.php/capicreview/article/view/80/55
 
Rights Derechos de autor 2019 Berta Silva
https://creativecommons.org/licenses/by-nc-sa/4.0
 

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