Serviços Personalizados
Journal
Artigo
Indicadores
- Citado por SciELO
- Acessos
Links relacionados
- Citado por Google
- Similares em SciELO
- Similares em Google
Compartilhar
Entramado
versão impressa ISSN 1900-3803versão On-line ISSN 2539-0279
Resumo
DAVILA-VELASQUEZ, Juan Pablo e LAGOS-CORTES, Diógenes. CEO Duality and Firm Value: Evidence from Mexico. Entramado [online]. 2020, vol.16, n.2, pp.12-23. Epub 17-Jan-2021. ISSN 1900-3803. https://doi.org/10.18041/1900-3803/entramado.2.6435.
Regulators and corporate governance activists are lobbying companies to eliminate the CEO duality; however the effectiveness of this recommendation is questioned given that empirical evidence has found conflicting results. This document studied the effects of the CEO's duality on the value of the company in a sample of 104 Mexican companies that were publicly traded between 2000 and 2013. For this, different regression models were estimated using the ordinary least squares technique. The firm value was measured through Tobin's Q and ROA. Empirical results showed that there is no relationship between CEO duality and value after controlling for board characteristics such as size and independence.
JEL CLASSIFICATION M10, G32, G34
Palavras-chave : Corporate governance; CEO duality; firm value; agency theory; stewardship theory.