La composición del consejo de administración y la estructura accionaria como factores explicativos de la transparencia en el gobierno corporativo en Latinoamérica: evidencia en empresas cotizadas de Argentina, Brasil, Chile y México

  • Guadalupe del Carmen Briano Turrent Profesor-Investigador, Universidad Autónoma de San Luis Potosí, San Luis Potosí, México
  • María Luisa Saavedra García Investigadora, Universidad Nacional Autónoma de México, México, D.F., México
Palabras clave: Consejo de administración, Estructura de la propiedad, Transparencia, Accionariado familiar, Latinoamérica

Resumen

El objetivo del trabajo consistió en obtener evidencia empírica de la relación entre la estructura del consejo de administración y la composición de la propiedad, y el nivel de transparencia de gobierno corporativo en empresas de mayor cotización bursátil en Latinoamérica. Para esto se realizó una investigación de tipo correlacional con un análisis longitudinal utilizando datos de las empresas de mayor cotización bursátil en Argentina, Brasil, Chile y México, durante el periodo 2004-2010. A partir de lo anterior, los resultados ponen de manifiesto que el nivel de transparencia es más elevado en empresas con consejos de administración de mayor tamaño y con un porcentaje mayor de consejeros independientes. Por su parte, la concentración de la propiedad inhibe el nivel de transparencia en el gobierno corporativo, mientras que la presencia familiar en el accionariado motiva a una mayor divulgación de información corporativa.

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Publicado
2015-09-07
Cómo citar
Briano Turrent, G. del C., & Saavedra García, M. L. (2015). La composición del consejo de administración y la estructura accionaria como factores explicativos de la transparencia en el gobierno corporativo en Latinoamérica: evidencia en empresas cotizadas de Argentina, Brasil, Chile y México. Estudios Gerenciales, 31(136), 275-286. https://doi.org/10.1016/j.estger.2015.02.001
Sección
Artículo de investigación