Relación entre gobierno corporativo y generación de valor en las empresas con Reconocimiento IR

Abstract

With this study, we can identify the relationship between corporate governance and the value creation -- The result obtained provides the latest measures related to the adoption of the practices of the country code and its implementation -- For the development of the research, to 2017 was chosen a sample of 25 companies that counted with IR recognition, which is granted by the Colombian stock exchange -- This information was collected from the surveys of the year in 2013 to 2016 period, this corresponds to reports from each of the companies to Colombian Financial Superintendence and which are also published on their web pages; they were tabulated manually to find an index of compliance of corporate governance, which created an economic model of linear regression that also includes financial variables -- Finally, the results of the study conclude that there is a positive relationship between corporate governance and the value creation for the study period, which indicates that Colombian companies remain in the position of adopted best practices that generate value for organizations and that lead to contribute to a stable and attractive financial market for investors