Assessing Legislative Innovation and its Impact on Corruption Control and Constitutional Rights: Advancements and Setbacks

Castilhos, Tiago Oliveira de

doi:10.37497/corruptionreview.3.2021.62

Cited by 15 publications

(1 citation statement)

References 6 publications

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“…In general, studies on corporate governance and its mechanisms suggest that if internal mechanisms are not sufficient to protect the interests of the shareholders, external mechanisms can function as a complement to assure good corporate performance. However, research is not yet conclusive about the extent of these mechanisms' direct and indirect influence on corporate Governance (Aguilera et al, 2015;Castilhos, 2021).…”

Section: Corporate Governance Mechanismsmentioning

confidence: 99%

Ownership Structure and Shareholders: Perspectives on Conflict between State Participation in the Value of Companies on the Brazilian Stock Exchange - B3

et al. 2023

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Purpose: The main objectives are the influence on the various interested shareholders, the role of institutionalized the State in the shareholding structure of companies, and their influence on share prices after the events of media about disclose of these in this study. Design/methodology/approach: In the first moment, the investigation had a quantitative approach of a relational nature based on the events investigated between 2010 and 2020 and were published in the newspapers. In addition to the share prices, the variables investigated corresponded to the various forms of state participation. Based on stock valuation data, statistical methods were applied to a secondary database containing measurable information provided by organizations operating in the Brazilian stock market and documentary evidence provided by companies. Findings: The presence of the State as a shareholder has significant relevance in the Brazilian capital market and the application of public resources. It is the responsibility of society and academia to monitor such applications and ascertain whether it generates value for the business and the country. Within the study's boundaries on the management of public resources and investments, Corporate Governance has been arising the debate and questioning about the government's performance as a shareholder in the firm. Originality/value: When investigating the perspective of the State as a shareholder has significant relevance in the Brazilian capital market and the application of public resources. Society and academia's responsibility is to monitor such applications and ascertain whether it generates value for the business and the country.

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Section: Corporate Governance Mechanismsmentioning

confidence: 99%

Ownership Structure and Shareholders: Perspectives on Conflict between State Participation in the Value of Companies on the Brazilian Stock Exchange - B3

et al. 2023

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Mecanismos de governança e valor de mercado das concessionárias De rodovias listadas na B3 (BM&FBOVESPA)

Carlos Santos,

Raupp,

Orso

2023

RGC

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Objetivo do estudo: Esse estudo visa, integrar a teoria da agência, os mecanismos de governança corporativa e as características do Programa de Exploração de Rodovias (PER) administrado pela ANTT (Agencia Nacional de Transporte Terrestre), partir da análise das características dos mecanismos de governança das 33 concessionárias de rodovias listadas na B3 (BMF&Bovespa) no período de 2010 a 2022, e a influência no seu valor de mercado. Metodologia/abordagem: Em termos metodológicos, a pesquisa teve caráter documental, utilizando como base de pesquisa os relatórios da B3 (BMF&Bovespa), CVM que operam tanto na Bolsa de Valores do Brasil quanto nos Estados Unidos. A pesquisa utilizou o modelo de regressão de dados em painel, com efeitos fixos e aleatórios. Originalidade/Relevância: Ao relacionar as características dos mecanismos de governança e o valor de mercado das concessionárias brasileiras, os resultados foram significantes para as variáveis: a presença de investidores estrangeiros, o que confirma a teoria de que a presença de estrangeiro como acionista influencia positivamente o valor de mercado das empresas reguladas; os membros independentes do conselho de administração, possui efeito positivo na gestão e maximização de valor para os acionistas e, a fiscalização efetuada pela agência reguladora como processos do sistema regulatório que afeta positivamente o controle e o desenvolvimento de novos regulamentos, destinados a reduzir benefícios do acionista controlador e conflitos na gestão. Principais resultados: A Governança Corporativa vem ganhando destaque e se desenvolvendo nos últimos anos no meio empresarial, especialmente a partir do ano de 2002, após os escândalos de fraudes envolvendo grandes empresas norte-americanas, quando o assunto passou a ser mais valorizado e de maior exigência dentro das organizações. Foram operacionalizados indicadores que trazem um capital de investidores estrangeiros atrás de processo de concessão de rodovias, as empresas já estão cumprindo política internacionais e as implicadas legais exigidas pela B3, CVM, ANTT pelos órgãos nacionais.

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Academic Literature on Compliance Programs, ESG, Corporate Governance, Fraud Prevention, Human Rights, Corruption, Data Protection, and SDGs

Silva

2023

RGC

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This academic summary provides an overview of key themes in recent open-access articles pertaining to compliance programs, environmental, social, and governance (ESG) practices, corporate governance, fraud prevention, human rights, corruption, data protection, and Sustainable Development Goals (SDGs) as set forth by the United Nations. Scholars have extensively explored the significance of compliance programs in organizations, evaluating their role in ensuring ethical practices, legal adherence, and risk mitigation. Additionally, research has focused on the adoption and impact of ESG strategies, addressing their influence on corporate decision-making, sustainability, and stakeholder engagement. Corporate governance remains a vital area of investigation, investigating board structures, executive compensation, and the effectiveness of governance mechanisms in enhancing firm performance and accountability. Simultaneously, efforts to combat fraud and corruption have led to analyses of fraud detection techniques, whistleblowing systems, and anti-corruption measures. The literature also highlights the evolving landscape of data protection, emphasizing regulatory developments, privacy frameworks, and organizational responsibilities in safeguarding data. Furthermore, there is a growing emphasis on the integration of human rights principles into business practices, exploring the implications of human rights violations and strategies for promoting responsible corporate behavior. Lastly, articles have explored the alignment of corporate practices with the SDGs, examining businesses' contributions to global sustainability goals.

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Assessing Legislative Innovation and its Impact on Corruption Control and Constitutional Rights: Advancements and Setbacks

Cited by 15 publications

References 6 publications

Ownership Structure and Shareholders: Perspectives on Conflict between State Participation in the Value of Companies on the Brazilian Stock Exchange - B3

Ownership Structure and Shareholders: Perspectives on Conflict between State Participation in the Value of Companies on the Brazilian Stock Exchange - B3

Mecanismos de governança e valor de mercado das concessionárias De rodovias listadas na B3 (BM&FBOVESPA)

Academic Literature on Compliance Programs, ESG, Corporate Governance, Fraud Prevention, Human Rights, Corruption, Data Protection, and SDGs

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