COMPARATIVE STUDY BETWEEN ECONOMIC AND MARKET PERFORMANCE: THE CASE OF COMPANIES INCLUDED IN THE LEVELS OF CORPORATE GOVERNANCE

  • Rosilene Marcon UNIVALI
  • Everson Manoel de Souza UNIVALI

Abstract

This study had the objective to investigate the economical and of market performance of the Brazilian companies before and after the inclusion in the levels of corporate governance proposed by BOVESPA. The study period understood the years from 1999 to 2004, where the ratios were collected: Return on Equity, Return on Assets and Price-to-Book. The results showed good acting of the indicator P/VPA, due his/her the best performance of the Price-to-book. This conclusion is obtained through the evaluation of the behavior of the ratios, confronting the periods before and after event, as well as when being drawn comparative among the acting of the companies in relationship economic sector of performance. The comparative general of the ratios regarding the performance of the participant companies of the system of listing of BOVESPA it indicated that the great majority reached improvement of the performance, in other words, they presented larger return on assets and equity, as well as in the value of their actions after they migrate for some of the levels of corporate governance

Key words: Economic performance. Bovespa. Corporate Governance.
Published
Oct 4, 2007
How to Cite
MARCON, Rosilene; DE SOUZA, Everson Manoel. COMPARATIVE STUDY BETWEEN ECONOMIC AND MARKET PERFORMANCE: THE CASE OF COMPANIES INCLUDED IN THE LEVELS OF CORPORATE GOVERNANCE. Revista de Negócios, [S.l.], v. 12, n. 1, p. 88-103, oct. 2007. ISSN 1980-4431. Available at: <https://proxy.furb.br/ojs/index.php/rn/article/view/310>. Date accessed: 18 oct. 2021. doi: http://dx.doi.org/10.7867/1980-4431.2007v12n1p88-103.

Keywords

Desempenho econômico; Bovespa; Governança corporativa