Entrelazamientos de juntas directivas y desempeño empresarial: evidencia empírica del mercado colombiano

Luis Ángel Meneses Cerón; Juana Patricia Diaz Olaya; Yudith Cristina Caicedo Domínguez

doi:10.22490/ECACEN.7473

No. 2 (2023)

Published

2023-11-21

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Meneses Cerón, L. Ángel, Diaz Olaya, J. P., & Caicedo Domínguez, Y. C. (2023). Board interlocks and firm performance: empirical evidence from colombian market. Documentos De Trabajo ECACEN, 2, 23-40. https://doi.org/10.22490/ECACEN.7473

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Board interlocks and firm performance

DOI: https://doi.org/10.22490/ECACEN.7473

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Artículos

Luis Ángel Meneses Cerón Universidad Nacional Abierta y a Distancia

Juana Patricia Diaz Olaya Universidad Nacional Abierta y a Distancia

Yudith Cristina Caicedo Domínguez Universidad Nacional Abierta y a Distancia

In the present work, he plans to study the effect of the structure of the board of directors (Board interlocks) on the financial performance of Colombian companies listed on the stock exchange during the period 2014-2018, from a mixed perspective that links the theory of the agency, the dependence on resources and corporate governance. Four factors are evaluated: the relative resources of the firm, the size effect, the concentration of ownership and CEO ownership. Methodologically, firms that are listed on the Colombian stock exchange and that are part of the Colcap index are examined. The relationship will be analyzed through regression models in a balanced data panel. The empirical results of the study are expected to be extremely useful for investors involved in financial markets, as well as contributing to the literature on corporate governance and corporate finance from the perspective of emerging markets.

Agency theory, Board interlocks, Firm performance, Colombian companies, Corporate governance

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