The effect of corporate governance on the financial structure of listed firms

Bibliographic Details
Main Author: Felício, J. Augusto
Publication Date: 2013
Other Authors: Rodrigues, Ricardo
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/25382
Summary: The purpose of this study is to analyse the influence of corporate governance on the financial structure of listed firms. The analysis is founded on the capital structure and agency theories. Corporate governance literature indicates the existence of nonlinear relationships, and hence this research applies multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding to a 3-year period. The results confirm the influence of corporate governance on the financial structure of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the board.
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spelling The effect of corporate governance on the financial structure of listed firmsCorporate GovernanceFinancial StructureAgency TheoryListed FirmsThe purpose of this study is to analyse the influence of corporate governance on the financial structure of listed firms. The analysis is founded on the capital structure and agency theories. Corporate governance literature indicates the existence of nonlinear relationships, and hence this research applies multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding to a 3-year period. The results confirm the influence of corporate governance on the financial structure of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the board.NAISIT PublishersRepositório da Universidade de LisboaFelício, J. AugustoRodrigues, Ricardo2022-09-06T08:42:29Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/25382engFelício, J. Augusto and Ricardo Rodrigues. (2013). "The effect of corporate governance on the financial structure of listed firms". The International Journal of Management Science and Information Technology, Vol. 8, (Apr-Jun): pp. 54-77.1923-0273 (Online)info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:26:21Zoai:repositorio.ulisboa.pt:10400.5/25382Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:14:52.705178Repositórios 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 effect of corporate governance on the financial structure of listed firms
title The effect of corporate governance on the financial structure of listed firms
spellingShingle The effect of corporate governance on the financial structure of listed firms
Felício, J. Augusto
Corporate Governance
Financial Structure
Agency Theory
Listed Firms
title_short The effect of corporate governance on the financial structure of listed firms
title_full The effect of corporate governance on the financial structure of listed firms
title_fullStr The effect of corporate governance on the financial structure of listed firms
title_full_unstemmed The effect of corporate governance on the financial structure of listed firms
title_sort The effect of corporate governance on the financial structure of listed firms
author Felício, J. Augusto
author_facet Felício, J. Augusto
Rodrigues, Ricardo
author_role author
author2 Rodrigues, Ricardo
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Felício, J. Augusto
Rodrigues, Ricardo
dc.subject.por.fl_str_mv Corporate Governance
Financial Structure
Agency Theory
Listed Firms
topic Corporate Governance
Financial Structure
Agency Theory
Listed Firms
description The purpose of this study is to analyse the influence of corporate governance on the financial structure of listed firms. The analysis is founded on the capital structure and agency theories. Corporate governance literature indicates the existence of nonlinear relationships, and hence this research applies multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding to a 3-year period. The results confirm the influence of corporate governance on the financial structure of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the board.
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01T00:00:00Z
2022-09-06T08:42:29Z
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 http://hdl.handle.net/10400.5/25382
url http://hdl.handle.net/10400.5/25382
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Felício, J. Augusto and Ricardo Rodrigues. (2013). "The effect of corporate governance on the financial structure of listed firms". The International Journal of Management Science and Information Technology, Vol. 8, (Apr-Jun): pp. 54-77.
1923-0273 (Online)
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NAISIT Publishers
publisher.none.fl_str_mv NAISIT Publishers
dc.source.none.fl_str_mv 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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