%0 Journal Article
%T The Process of Creation of Value Shareholder compared in each Level Segmented on the Bovespa Corporate Governance: A Study with the Companies comprising the Index Stock Portfolio Brazil (Ibrx 100)
%A Davy Antonio da Silva
%A El¨ªzio Marcos dos Reis
%A Wagner Moura Lamounier
%J Revista Sociedade, Contabilidade e Gest£¿o
%D 2012
%I Universidade Federal do Rio de Janeiro (UFRJ)
%X The objective of this article was of to measure and to analyze the creation of value for the shareholder through comparisons among each level of corporate governance segmented in BOVESPA, accomplishing an empiric study with interest of proving the existence of different averages regarding the one of creation of value in the different segments. The research was guided through a descriptive analysis which makes possible to establish relationships among the analyzed variables and to lift hypotheses or possibilities to explain those relationships. The found results didn't demonstrate statistical evidences that the level of corporate governance, in that certain company is inserted at the market, brings differentiation in the process of creation of value for the shareholders. The found conclusions thwarted the null hypothesis of this study, which mentioned that in agreement with the level of classification of the companies there would be a differentiation in the creation of value for the shareholder. It is pointed out that that conclusion not to be generalized by the fact that the sample used to obtain her, in spite of being representative, it was obtained in a limited temporary space, existing the possibility that increasing the space of time here the conclusions presented they can suffer alterations. For future researches it is suggested that this study is accomplished with a larger sample of companies, and with given quarterly with the intention of explaining the studied variables better.
%K Shareholder
%K Bovespa
%K Creation of value
%K Corporate Governance.
%U http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/1473/1321