ETDs @PUC-Rio
| Título: | ANALYZING THE RELATION BETWEEN CONTROLLING SHAREHOLDER S ORIGIN, GOVERNANCE, VALUE, PROFITABILITY AND DIVIDEND YIELD OF LISTED FIRMS | ||||||||||||
| Autor: |
EDUARDO BOGEA FLACH |
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| Colaborador(es): |
ANDRE LUIZ CARVALHAL DA SILVA - Orientador |
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| Catalogação: | 26/MAI/2025 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | THESIS | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=70613&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=70613&idi=2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.70613 | ||||||||||||
| Resumo: | |||||||||||||
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This dissertation analyzes the value, profitability and dividend yield of
Brazilian listed companies and their relation to the origin of controlling
shareholder and the quality of governance practices. The sample contains 727
firms from 1995 to 2013 using statistical tests, probit models and panel
regressions. The results indicate that firms that have institutional and joint
control have higher value. Further, firms that have institutional and foreign
control have higher profitability, whereas State-owned firms have lower
profitability. Finally, firms with foreign control and State-owned pay more
dividends. Firms with better governance have improved value and pay more
dividends.
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