The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies

Bibliographic Details
Main Author: Santos de Oliveira, Helena Maria
Publication Date: 2022
Other Authors: Tavares Martins, Catarina Isabel, Couto Ribeiro, Márcia Cristina, Pereira, Marlene, Sousa Lima, Armindo Fernando
Format: Article
Language: por
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: https://doi.org/10.29073/e3.v8i2.508
Summary: This study analyzes the relationship between Corporate Governance and the level of leverage of Portuguese companies. The sample consists in 9,170 Portuguese non-financial companies corresponding to 100,870 observations, over a period from 2008 to 2018. The data for this study were collected by consulting the SABI database and were analyzed using random effects regression models, considering the data model in panel, by using the integrated development software program for R – RStudio, version 1.2.5001. The analysis of the results provides evidence that Corporate Governance influence the choice of capital structure of Portuguese companies.
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spelling The Corporate Governance Characteristics versus Capital Structure of Portuguese CompaniesAs Características de Governo Societário versus Estrutura de Capital das Empresas PortuguesasGoverno das SociedadesDualidade DEO/ChairmanEndividamentoEstrutura de CapitalCapital StructureCorporate GovernanceDuality CEO/ChairmanLeverageThis study analyzes the relationship between Corporate Governance and the level of leverage of Portuguese companies. The sample consists in 9,170 Portuguese non-financial companies corresponding to 100,870 observations, over a period from 2008 to 2018. The data for this study were collected by consulting the SABI database and were analyzed using random effects regression models, considering the data model in panel, by using the integrated development software program for R – RStudio, version 1.2.5001. The analysis of the results provides evidence that Corporate Governance influence the choice of capital structure of Portuguese companies.O presente estudo analisa a relação existente entre as características de Governo Societário  e o nível de endividamento das empresas portuguesas. A amostra é constituída por 9.170 empresas, não financeiras e corresponde a 100.870 observações, no período de 2008 a 2018. Os dados foram recolhidos por consulta da base SABI e foram analisados através de modelos de regressão de efeitos aleatórios, considerando o modelo de dados em painel, com recurso ao programa de software de desenvolvimento integrado para R – RStudio, versão 1.2.5001. A análise dos resultados fornece evidências no sentido de concluirmos que as características de governo influenciam a escolha da estrutura de capital das empresas portuguesas. Este estudo visa contribuir para o debate e o enriquecimento da discussão sobre as características de Governo e a estrutura de capitais e pode ser muito útil para accionistas, administradores, credores e outros investidores, assim como para académicos e reguladores.   Ponteditora2022-11-27info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdftext/xmlhttps://doi.org/10.29073/e3.v8i2.508https://doi.org/10.29073/e3.v8i2.508e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 No. 2 (2022): V.8 N.2 (E3 Journal of Economics, Business and Entrepreneurship in the community of Portuguese-speaking countries); 005-025e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 Núm. 2 (2022): V.8 N.2 (E3 Journal of Economics, Business and Entrepreneurship in the community of Portuguese-speaking countries); 005-025e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 N.º 2 (2022): V.8 N.2 (E3 - Revista de Economia, Empresas e Empreendedores na CPLP); 005-0252183-72012183-380X10.29073/e3.v8i2reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAPporhttps://revistas.ponteditora.org/index.php/e3/article/view/508https://revistas.ponteditora.org/index.php/e3/article/view/508/404https://revistas.ponteditora.org/index.php/e3/article/view/508/473Copyright (c) 2022 e3 - Revista de Economia, Empresas e Empreendedores na CPLPinfo:eu-repo/semantics/openAccessSantos de Oliveira, Helena MariaTavares Martins, Catarina IsabelCouto Ribeiro, Márcia CristinaPereira, MarleneSousa Lima, Armindo Fernando2024-04-30T10:09:27Zoai:revistas.ponteditora.org:article/508Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T13:33:49.400461Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
As Características de Governo Societário versus Estrutura de Capital das Empresas Portuguesas
title The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
spellingShingle The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
Santos de Oliveira, Helena Maria
Governo das Sociedades
Dualidade DEO/Chairman
Endividamento
Estrutura de Capital
Capital Structure
Corporate Governance
Duality CEO/Chairman
Leverage
title_short The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
title_full The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
title_fullStr The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
title_full_unstemmed The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
title_sort The Corporate Governance Characteristics versus Capital Structure of Portuguese Companies
author Santos de Oliveira, Helena Maria
author_facet Santos de Oliveira, Helena Maria
Tavares Martins, Catarina Isabel
Couto Ribeiro, Márcia Cristina
Pereira, Marlene
Sousa Lima, Armindo Fernando
author_role author
author2 Tavares Martins, Catarina Isabel
Couto Ribeiro, Márcia Cristina
Pereira, Marlene
Sousa Lima, Armindo Fernando
author2_role author
author
author
author
dc.contributor.author.fl_str_mv Santos de Oliveira, Helena Maria
Tavares Martins, Catarina Isabel
Couto Ribeiro, Márcia Cristina
Pereira, Marlene
Sousa Lima, Armindo Fernando
dc.subject.por.fl_str_mv Governo das Sociedades
Dualidade DEO/Chairman
Endividamento
Estrutura de Capital
Capital Structure
Corporate Governance
Duality CEO/Chairman
Leverage
topic Governo das Sociedades
Dualidade DEO/Chairman
Endividamento
Estrutura de Capital
Capital Structure
Corporate Governance
Duality CEO/Chairman
Leverage
description This study analyzes the relationship between Corporate Governance and the level of leverage of Portuguese companies. The sample consists in 9,170 Portuguese non-financial companies corresponding to 100,870 observations, over a period from 2008 to 2018. The data for this study were collected by consulting the SABI database and were analyzed using random effects regression models, considering the data model in panel, by using the integrated development software program for R – RStudio, version 1.2.5001. The analysis of the results provides evidence that Corporate Governance influence the choice of capital structure of Portuguese companies.
publishDate 2022
dc.date.none.fl_str_mv 2022-11-27
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://doi.org/10.29073/e3.v8i2.508
https://doi.org/10.29073/e3.v8i2.508
url https://doi.org/10.29073/e3.v8i2.508
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.ponteditora.org/index.php/e3/article/view/508
https://revistas.ponteditora.org/index.php/e3/article/view/508/404
https://revistas.ponteditora.org/index.php/e3/article/view/508/473
dc.rights.driver.fl_str_mv Copyright (c) 2022 e3 - Revista de Economia, Empresas e Empreendedores na CPLP
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 e3 - Revista de Economia, Empresas e Empreendedores na CPLP
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
text/xml
dc.publisher.none.fl_str_mv Ponteditora
publisher.none.fl_str_mv Ponteditora
dc.source.none.fl_str_mv e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 No. 2 (2022): V.8 N.2 (E3 Journal of Economics, Business and Entrepreneurship in the community of Portuguese-speaking countries); 005-025
e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 Núm. 2 (2022): V.8 N.2 (E3 Journal of Economics, Business and Entrepreneurship in the community of Portuguese-speaking countries); 005-025
e3 - Revista de Economia, Empresas e Empreendedores na CPLP; Vol. 8 N.º 2 (2022): V.8 N.2 (E3 - Revista de Economia, Empresas e Empreendedores na CPLP); 005-025
2183-7201
2183-380X
10.29073/e3.v8i2
reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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