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Publication
Corporate governance e o desempenho das empresas em portugal
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Authors
Advisor(s)
Abstract(s)
I examine aspects of the concept of corporate governance in general, related to
Portugal in particular. The paper is based on literature review and the comparison of two
annual reports of the Portuguese Securities Market Commission (CMVM, 2009, 2012) on
corporate government in companies in Portugal. Its aim is to scrutinize the results of
investigations on the relationship between corporate governance measures and company’s
economic performance obtained in Portugal, and to compare the improvements in company’s
compliance with the recommendations of the CMVM. Firstly, I discriminate the purpose, the
objectives and the methodology of the study. Then I describe the assumptions of the issue of
corporate governance. When approaching corporate governance in Portugal, I present an
institutional measure at national level – the recommendations of Corporate Governance Code
of the CMVM. I present the results of studies that attempt to relate some measures of
corporate governance with the economic performance of companies, as well as the
performance of Portuguese companies at the level of implementation of the measures of
corporate governance with reference to the annual reports of the CMVM (2009, 2012). Finally
I raise the question of the limitations of the approach and present some future developments.
Description
Comunicação apresentada na 9th Iberoamerican Academy of Management Conference “The Future of Entrepreneurship and Innovation in Iberoamerica”, 3-5 de dezembro de 2015, Universidad del Desarrollo, Santiago, Chile
Keywords
Corporate governance Evaluation of companies Performance Compliance Portugal