CORPORATE GOVERNANCE IN BRAZIL: A STUDY ON 647 OPEN CORPORATIONS

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Abstract

This article draws on a sample of 647 Brazilian publicly traded corporations to explore some of the features of corporate governance in this country. The results that due to the size of the sample (80% of total population) are particularly reliable, show that ownership concentration is by far the mostly used governance mechanism what matches the patterns observed in Continental European countries. Results also raise doubts about the real role boards of directors play in Brazilian open corporations, what offers new streams for researchers willing to tackle issues in emerging economies.

Keywords: Corporate Governance, Voting Rights, Ownership Structure, Boards of Directors

How to cite this paper: Monaco, D. C. (2007). Corporate governance in Brazil: A study on 647 open corporations. Corporate Ownership & Control, 4(4), 160-165. https://doi.org/10.22495/cocv4i4p14