Publicado Jan 26, 2017



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Natalia Escobar-Váquiro

Julián Benavides-Franco

Héctor Fabio Perafán-Peña

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Resumen

Este documento tiene como objetivo la estructuración de un marco de análisis para el estudio de prácticas de gobierno corporativo y su incidencia en los resultados financieros, teniendo en cuenta estudios teóricos y empíricos en países desarrollados y en desarrollo, principalmente latinoamericanos, con énfasis en Colombia. Las prácticas de gobierno corporativo se han convertido en un elemento esencial de los estudios de la teoría de la firma en vista de que proveen a los gestores y propietarios de mecanismos que permiten establecer normas encaminadas a la minimización de conflictos de interés, la consecuente mejora y transparencia en la toma de decisiones y, por ende, elevar los niveles de desempeño financiero. A partir de la metodología de análisis documental propuesta por David Papineau, se encuentran una significativa evolución y convergencia en la normativa internacional y nacional en lo relacionado con prácticas de gobierno corporativo y su relación con el desempeño; resalta el incipiente impacto en Colombia y otros países en desarrollo. Entre los resultados más relevantes están la necesidad de abordar las prácticas de gobierno corporativo y su impacto sobre los retornos financieros de las firmas desde un enfoque multiteórico, al igual que la identificación del problema que para las investigaciones empíricas representa la endogeneidad entre el desempeño financiero y el gobierno corporativo.

Keywords

Corporate governance, financial performance, agency theory, stewardship theory, Latin America, ColombiaGobierno corporativo, desempeño financiero, teoría de la agencia, teoría del servidor o stewardship, Latinoamérica, ColombiaGovernança corporativa, desempenho financeiro, teoria da agência, teoria do servidor o stewardship, Latino-américa, Colômbia

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Cómo citar
Escobar-Váquiro, N., Benavides-Franco, J., & Perafán-Peña, H. F. (2017). Gobierno corporativo y desempeño financiero: conceptos teóricos y evidencia empírica. Cuadernos De Contabilidad, 17(43). https://doi.org/10.11144/Javeriana.cc17-43.gcdf
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