TY  -  JOUR 
TI  - Are Governance Practices Associated with Good Results? The Case of Colombia
PB  - SSRN
PY  - 2012
AB  - Since 2007 Colombian listed firms, non-financial and financial, are required to disclose their compliance to a governance country code. The compliance is interpreted as the level of governance and used as independent variable for regressions looking for the determinants of performance and dividends. The results mostly confirm a positive association of governance with performance, and a U-shaped effect of governance on dividend payout. The effect of governance is higher for non-financial firms and for large non-financial firms.
KW  - Economía
KW  - Economics
KW  - Gobierno corporativo
KW  - Rendimiento
KW  - Dividendos
KW  - Gobernanza
UR  - http://repository.icesi.edu.co/biblioteca_digital/handle/10906/83463
ER  -