<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0123-5923</journal-id>
<journal-title><![CDATA[Estudios Gerenciales]]></journal-title>
<abbrev-journal-title><![CDATA[estud.gerenc.]]></abbrev-journal-title>
<issn>0123-5923</issn>
<publisher>
<publisher-name><![CDATA[Universidad Icesi]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0123-59232024000400460</article-id>
<article-id pub-id-type="doi">10.18046/j.estger.2024.173.6797</article-id>
<title-group>
<article-title xml:lang="pt"><![CDATA[Governança corporativa em tempos de pandemia: análise das empresas brasileiras]]></article-title>
<article-title xml:lang="en"><![CDATA[Corporate governance in times of pandemic: an analysis of Brazilian firms]]></article-title>
<article-title xml:lang="es"><![CDATA[Gobierno corporativo en tiempos de pandemia: un análisis de las empresas brasileñas]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Brandão]]></surname>
<given-names><![CDATA[Isac de Freitas]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Federal de Educação  ]]></institution>
<addr-line><![CDATA[Baturité ]]></addr-line>
<country>Brasil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>40</volume>
<numero>173</numero>
<fpage>460</fpage>
<lpage>476</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0123-59232024000400460&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0123-59232024000400460&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0123-59232024000400460&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo Analisou-se o sistema interno de governança corporativa das empresas brasileiras durante a pandemia da covid-19, investigando os mecanismos de governança corporativa adotados e a relação entre a adoção desses mecanismos e o valor de 156 empresas com ações negociadas na bolsa de valores brasileira (B3) no período 2019-2022. Testes de diferença de média e análise de regressão indicam que, durante o período pandémico, houve crescimento no nível de adoção de práticas de governança corporativa, maior independência e diversidade de gênero no conselho de administração e instalação de órgãos de fiscalização e controle. O valor de mercado das empresas, medido pelo Q de Tobin e pelo índice market-to-book, decresceu gradativamente ao longo do período analisado (2019-2022) e só apresentou relação positiva com a qualidade do sistema interno de governança corporativa no primeiro ano da pandemia (2020).]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The paper analyzed the internal corporate governance system of Brazilian firms during the covid-19 pandemic by investigating the adopted corporate governance mechanisms and the relationship between this and the value of 156 firms with shares traded on Brazilian stock exchange (B3) in the period 2019-2022. Mean difference tests and regression analysis indicate that during the pandemic period the adoption of corporate governance practices increased, there was greater independence and gender diversity on the board of directors and for the installation of supervisory and control bodies. The firm value, measured by Tobin's Q and market-to-book ratio, gradually decreased over the period analyzed and only showed a positive relationship with the quality of the internal corporate governance system in the first year of the pandemic (2020).]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Se analizó el sistema de gobierno corporativo interno de las empresas brasileñas durante la pandemia de covid-19, investigando los mecanismos de gobierno corporativo adoptados y la relación entre ésta y el valor de 156 empresas con acciones cotizadas en bolsa de valores de Brasil (B3) en el período 2019-2022. Las pruebas de diferencia de medias y el análisis de regresión indican que durante el periodo de pandemia creció el nivel de adopción de prácticas de gobierno corporativo, hubo una mayor independencia y diversidad de género en el consejo de administración y en la instalación de órganos de supervisión y control. El valor de mercado de las empresas, medido por la Q de Tobin y la ratio mercado/valor contable, disminuyó gradualmente durante el periodo analizado y solo mostró una relación positiva con la calidad del sistema de gobierno corporativo interno en el primer año de la pandemia (2020).]]></p></abstract>
<kwd-group>
<kwd lng="pt"><![CDATA[governança corporativa]]></kwd>
<kwd lng="pt"><![CDATA[crise econômica]]></kwd>
<kwd lng="pt"><![CDATA[pandemia]]></kwd>
<kwd lng="en"><![CDATA[corporate governance]]></kwd>
<kwd lng="en"><![CDATA[economic crisis]]></kwd>
<kwd lng="en"><![CDATA[pandemic]]></kwd>
<kwd lng="es"><![CDATA[gobierno corporativo]]></kwd>
<kwd lng="es"><![CDATA[crisis económica]]></kwd>
<kwd lng="es"><![CDATA[pandemia]]></kwd>
</kwd-group>
</article-meta>
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