Resumo

TORRES-CANO, Sandra Milena  e  CORREA-MEJIA, Diego Andrés. Impact of corporate governance on the value of Latin American companies: evidence from the MILA. suma neg. [online]. 2021, vol.12, n.26, pp.73-82.  Epub 11-Dez-2020. ISSN 2215-910X.  https://doi.org/10.14349/sumneg/2021.v12.n26.a8.

Corporate Governance is a mechanism that seeks to strengthen the control bodies and their efforts, by combining principles and techniques to invigorate the value of companies and generate confidence in investors and all Stakeholders. This research seeks to analyze the impact of corporate governance on the values of companies that belong to the Latin American Integrated Market (MILA). The financial statements of the 97 companies from the years 2012 to 2018 were analyzed using a statistical panel data model to establish the relationship between the corporate governance variables and the financial performance variables. Lastly, it is concluded that non-economic mechanisms such as the implementation of adequate control policies positively influence the value of companies and generate support for investors.

Palavras-chave : Corporate governance; duality; Enterprise valuation; emerging markets; stakeholders.

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