Title
How do good governance practices affect mining companies? Peru’s case
Date Issued
01 May 2024
Access level
metadata only access
Resource Type
journal article
Author(s)
García-Gómez, Conrado
Berggrune, Luis
Pontificia Universidad Católica del Perú
Universidad de Valladolid
CESA Business School
Abstract
El presente trabajo se centra en analizar la relación entre el cumplimiento de los principios de un buen Gobierno Corporativo y el rendimiento de las acciones de las empresas del sector minero que cotizan en la Bolsa de Valores de Lima (BVL)
The purpose of this research is to find a relationship between compliance with the principles of good Corporate Governance and the performance of the shares of companies in the mining sector that are listed on the Lima Stock Exchange. The considered time period goes from June 2013 to June 2018. Two portfolios called TIR 1 and TIR 2 were assembled according to the number of principles fulfilled to separate the companies with the highest compliance, TIR 1, from the companies with the lowest TIR 2 compliance. The Carhart four-factor method has been applied. The results showed that the TIR 1 portfolio is superior in performance of the shares compared to the TIR 2 portfolio, which we could comment that there is a relationship between compliance with good practices and the returns of these companies in the sector studied.
Volume
14
Issue
1
Language
English
OCDE Knowledge area
Economía
Subjects
Publication version
Version of Record
Handle or URL
Source
Review of Development Finance
ISSN of the container
1879-9337
Sources of information:
Directorio de Producción Científica
Universidad ESAN