del Carmen Briano Turrent, G 
ORCID: 0000-0001-8241-0385, Poletti-Hughes, J and Williams, J
(2023)
Transparency on Corporate Governance and board of directors’ strategies
Revista Mexicana De Economia Y Finanzas Nueva Epoca, 18 (2).
pp. 1-22.
ISSN 1665-5346, 2448-6795
Abstract
Based on agency and asymmetric information theories, the objective of this paper is to investigate whether the transparency on corporate governance is determined by strategies followed by the board of directors (liquidity, investment, capital structure, innovation and board composition impact on the corporate governance transparency). The study sample is composed by 826 observations from Latin American firms during the period 2004-2010 (128 unique firms). A two-way cluster standard errors and GMM methods have been adopted to perform the econometric analysis. Results suggest that corporate governance disclosure is attributable to changes on firm’s decisions made by the board with respect to financial aspects and innovation. However, the impact upon transparency of board composition with regards to female directors, independence and size of boards are attributable to industry and/or country effects. Although the main limitation of the study is focused on the period of analysis, the results provide important implications for the business sector, demonstrating that the board composition and the financial and innovation strategies adopted by the board encourage greater corporate transparency, thus increasing confidence in the markets.
| Item Type: | Article |
|---|---|
| Additional Information: | ## TULIP Type: Articles/Papers (Journal) ## |
| Uncontrolled Keywords: | 3501 Accounting, Auditing and Accountability, 3502 Banking, Finance and Investment, 35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour, 16 Peace, Justice and Strong Institutions |
| Divisions: | Faculty of Humanities & Social Sciences > School of Management |
| Depositing User: | Symplectic Admin |
| Date Deposited: | 28 Apr 2023 08:42 |
| Last Modified: | 30 Jan 2026 02:14 |
| DOI: | 10.21919/REMEF.V18I2.684 |
| Open Access URL: | https://www.remef.org.mx/index.php/remef/article/v... |
| Related Websites: | |
| URI: | https://livrepository.liverpool.ac.uk/id/eprint/3170036 |
| Disclaimer: | The University of Liverpool is not responsible for content contained on other websites from links within repository metadata. Please contact us if you notice anything that appears incorrect or inappropriate. |
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