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IFRS introduction, corporate governance and firm performance: evidence from Portugal
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| 8.78 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
This paper assesses the relation between corporate governance, firm performance and the application of the International Financial Reporting Standings (IFRS) in Portugal. A corporate governance index is created to measure the compliance with the CMVM (Portuguese Security Market Commission) recommendations.
Performance is measured by return on assets.
Results indicate the existence of a statistically significant positive effect of corporate government on the performance of Portuguese companies, although the level of compliance to the recommendations is still low. Finally, IFRS adoption, per se, is not associated with a higher level of corporate governance.
Descrição
A Work Project, presented as part as the requirements for the Award of a Masters Degree in Economics from the Nova School in Business and Economics
Palavras-chave
Corporate Governance IFRS CMVM recommendations performance