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Gobierno Corporativo y Rendición de Cuentas: ¿Existe Algún Efecto Sobre la Performance Empresarial?

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  • Fraile, Isabel acero
  • Fradejas, Nuria alcalde

Abstract

El artículo analiza el efecto que la estructura de los consejos de administración y la divulgación de información de responsabilidad social corporativa ejercen sobre la performance empresarial. A partir de un modelo dinámico estimado mediante el método generalizado de momentos (MGM), y utilizando una muestra de 171 sociedades españolas cotizadas en el periodo 2004-2008, se constata que no existe ningún efecto de la estructura de gobierno corporativo y la rendición de cuentas sobre la performance de la organización, tras controlar por la performance previa. El artículo pone de manifiesto la importancia de considerar la endogeneidad dinámica en la relación existente entre gobierno corporativo/responsabilidad social corporativa y performance.

Suggested Citation

  • Fraile, Isabel acero & Fradejas, Nuria alcalde, 2012. "Gobierno Corporativo y Rendición de Cuentas: ¿Existe Algún Efecto Sobre la Performance Empresarial?," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 15(1), pages 143-178.
    • Handle: RePEc:eee:spacre:v:15:y:2012:i:1:p:143-178
    DOI: 10.1016/S1138-4891(12)70041-9
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    gobierno corporativo; consejos de administración; informe de responsabilidad social corporativa; rendición de cuentas; performance; M14; G32; L25; corporate governance; boards of directors; social responsibility report; accountability; performance; M14; G32; L25;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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