Corporate governance and debt securities issued in Brazil and India: A multi-case study

Marques, Thiago Avila; Ribeiro, Kárem Cristina de Sousa; Barboza, Flávio

doi:10.1016/j.ribaf.2017.07.156

Cited by 19 publications

(7 citation statements)

References 37 publications

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“…However, causal connections of economic growth are studied insufficiently and are not determined by modern economic science, requiring further research. The issues of corporate management are explored in the works of such scholar as Al-Hadi et al (2018) , Bae et al (2018) , Ben-Hassoun et al (2018) , Bobillo et al (2018) , Gaitán et al (2018) , Jacometti et al (2019) , Keay and Zhao (2018) , Marques et al (2018) , Marquis et al (2017) , Oh et al (2018) , Singareddy et al (2018) , and Thomsen (2016) . The existing publications reflect the essence and methodological approaches to corporate management.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries

Popkova

DeLo

Sergi

2021

Research in International Business and Finance

101

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This paper compares today’s corporate management in developing markets (BRICS countries) vs. developed markets (the OECD countries). The influence of determining a new social corporate management season considering social distancing amid the COVID-19 pandemic on emerging markets' economic growth is ascertained and set apart from corporate management in developing markets. This paper helps clarifying and better understanding the role of corporate social responsibility in the conditions of an economic crisis against the background of the COVID-19 pandemic. This work provides scientific arguments that allow solving critical discussions regarding the advantages (growth of quality of life, an increase of business's competitiveness) and costs (limitation of economic growth, non-commercial use of profit, and increased price for goods and services) of domestic production and consumption. In the long-term, responsible financial practices return all investments and allow countries to better cope with a crisis. The research supplies a new view of corporate social responsibility as a measure of crisis management. It reflects its advantages at a time of social distancing in the conditions of the COVID-19 pandemic. The institutionalization of corporate social responsibility in emerging countries is not predetermined by internal factors (approach to doing business or organizational culture), if not by external factors (market status, state regulation, and consumer awareness). These circumstances prove the high complexity of strengthening corporate social responsibility in developing countries. In the conditions of social distancing – due to the COVID-19 pandemic – corporate social responsibility goes to a new level. In both developing and developed countries, one of the most widespread manifestations of corporate social responsibility is the entrepreneurship's transition to the remote form of activities. This envisages the provision of remote employment for workers and the online purchase of goods and services for consumers.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries

Popkova

DeLo

Sergi

2021

Research in International Business and Finance

101

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“…In financial literature, capital structure is addressed from different perspectives in which the strategies adopted by managers to choose a structure that minimizes the agency conflict are investigated. Marques, Ribeiro, and Barboza (2018) point out that corporate governance could provide a balance point in the capital structure that maintains the scale of the company and reconciles the interests of the parties involved. Studies conducted in several countries investigate the determinants of capital structure from different perspectives (Berkman et al, 2016;M'ng et al, 2017;Shahar & Manja, 2018.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…However, corporate governance is seen as an effective tool to monitor the entrenchment behavior of managers, and thus prevent the expropriation of shareholders' rights (Jara et al, 2018;Vazquez et al, 2020). Several studies investigate the relationship between CG mechanisms and capital structure choice of firms in emerging markets (Kajola et al, 2019;Kieschnick & Moussawi, 2018;Marques et al, 2018;Vijayakumaran & Vijayakumaran, 2019). Kieschnick and Moussawi (2018) investigated the impacts of firm age and corporate governance on the capital structure choice of 1,500 listed U.S. firms over the period from 1996 to 2016.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…Vazquez, Carrera, and Cornejo (2020) indicated a similarity to North American and Continental European governance standards, in which, among other mechanisms, the independence of the board of directors is mostly adopted by the companies. There is empirical evidence on the effects of corporate governance on the debt of Latin American firms (Jara et al, 2018;Kayo & Kimura, 2011;Marques et al, 2018;Ruiz, 2017). Ruiz, 2017 investigated the influence of CG on the leverage of 575 firms listed in Brazil, Chile, and Mexico over the period from 2006 to 2014.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

See 1 more Smart Citation

The Effects of Sovereign Rating and Corporate Governance on The Capital Structure of Latin American Companies

Jesuka

Peixoto

2023

BAR, Braz. Adm. Rev.

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1 BAR -Brazilian Administration Review encourages data sharing but, in compliance with ethical principles, it does not demand the disclosure of any means of identifying research subjects.Plagiarism Check: BAR maintains the practice of submitting all documents received to the plagiarism check, using specific tools, e.g.: iThenticate.Peer review: is responsible for acknowledging an article's potential contribution to the frontiers of scholarly knowledge on business or public administration. The authors are the ultimate responsible for the consistency of the theoretical references, the accurate report of empirical data, the personal perspectives, and the use of copyrighted material. This content was evaluated using the double-blind peer review process. The disclosure of the reviewers' information on the first page is made only after concluding the evaluation process, and with the voluntary consent of the respective reviewers.

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“…Although environmental disclose is a social demand, in Brazil there is no standard governing the environmental accounting of the companies to disclose information of that nature, therefore, they are voluntarily made (Brooks & Oikonomou, 2017;Catapan et al, 2013;Pires & Silveira, 2008). There are some guidelines of regulatory agencies linked to open capital companies, such as SEC, the IBRACON, and the CFC, which regulate the accounting activities of companies when disclosing information on financial statements (C. T. C. Costa, Silva, Almeida, & Veiga, 2017;Kronbauer & Silva, 2012;Marques, Ribeiro, & Barboza, 2018).…”

Section: Environmental Disclosurementioning

confidence: 99%

Explanatory Factors of the Environmental Disclosure of Potentially Polluting Companies: Evidence From Brazil

et al. 2019

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When a company conducts environmental disclosure, it increases communication and reduces the asymmetry of information, so that customers, suppliers, investors, civil society, Government, scientific community, and others may have access to the information (Husted & Sousa-Filho, 2018; Rosa, Ensslin, Ensslin, & Lunkes, 2011; M. A. Souza, Rásia, & Jacques, 2010). In Brazil, one of the ways to disclose the information on open capital companies is making the sustainability report (RSUST) available (Calixto, 2013). Although environmental demand comes from society, in Brazil there is no standard governing the environmental 829548S GOXXX10.

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Corporate governance and debt securities issued in Brazil and India: A multi-case study

Cited by 19 publications

References 37 publications

Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries

Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries

The Effects of Sovereign Rating and Corporate Governance on The Capital Structure of Latin American Companies

Explanatory Factors of the Environmental Disclosure of Potentially Polluting Companies: Evidence From Brazil

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