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MOTIVATING FACTORS IN THE ADOPTION OF BETTER CORPORATE GOVERNANCE PRACTICES BY BRAZILIAN COMPANIES
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Oderlene Vieira de Oliveira 
, Lindenberg Araújo Aragão, Vera Maria Rodrigues Ponte , Marcelle Colares Oliveira , Augusto Marcos Carvalho de Sena
Abstract
The present research aims to identify the main motivating factors leading to the adoption of better Corporate Governance practices by Brazilian companies. A set of questionnaires was applied to the members of the APIMEC. Descriptive statistics, probability distributions and hypothesis test were used as analytical techniques. Evidenced showed that among the motivating factors literature depicts as relevant, investigated analysts considered to be the most important the following: professionalization of the company; transparency and relationship with the capital market; perpetuation of the company; addition of value to shareholders; valuation of the company shares; improvement of institutional image; increase of liquidity of company shares; recovery of investors’ trust; capital opening; reduction of cost of capital; and improvements in decision-making processes.
Keywords: Corporate Governance, Economic Development in Emerging Markets, Capital Market Development
How to cite this paper: De Oliveira, O. V., Aragão, L. A., Ponte, V. M. R., Oliveira, M. C., & de Sena, A. M. C. (2010). Motivating factors in the adoption of better corporate governance practices by Brazilian companies. Corporate Ownership & Control, 8(1-5), 515-525. https://doi.org/10.22495/cocv8i1c5p3
