Publicação
The effect of corporate governance on the financial structure of listed firms
| Resumo: | The purpose of this study is to analyse the influence of corporate governance on the financial structure of listed firms. The analysis is founded on the capital structure and agency theories. Corporate governance literature indicates the existence of nonlinear relationships, and hence this research applies multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding to a 3-year period. The results confirm the influence of corporate governance on the financial structure of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the board. |
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| Autores principais: | Felício, J. Augusto |
| Outros Autores: | Rodrigues, Ricardo |
| Assunto: | Corporate Governance Financial Structure Agency Theory Listed Firms |
| Ano: | 2013 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | The purpose of this study is to analyse the influence of corporate governance on the financial structure of listed firms. The analysis is founded on the capital structure and agency theories. Corporate governance literature indicates the existence of nonlinear relationships, and hence this research applies multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding to a 3-year period. The results confirm the influence of corporate governance on the financial structure of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the board. |
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