Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa
Currently, corruption is a highly addressed issue. As anti-corruption practices, which are increasingly required in the financial market, this study aims to analyze the effect of adopting the Anti-Corruption Law on Brazilian companies’ firm value listed onIbovespa. The sample consisted of...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade Federal do Ceará
2021-01-01
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| Series: | Contextus |
| Subjects: | |
| Online Access: | http://periodicos.ufc.br/contextus/article/view/59985 |
| _version_ | 1818339484461170688 |
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| author | Fernando Maciel Ramos Gabrielle Secchi Hohn Lucas Antônio Vargas |
| author_facet | Fernando Maciel Ramos Gabrielle Secchi Hohn Lucas Antônio Vargas |
| author_sort | Fernando Maciel Ramos |
| collection | DOAJ |
| description | Currently, corruption is a highly addressed issue. As anti-corruption practices, which are increasingly required in the financial market, this study aims to analyze the effect of adopting the Anti-Corruption Law on Brazilian companies’ firm value listed onIbovespa. The sample consisted of 229 observations from 2014 -2018. Based on the econometric estimates, the results demonstrated a positive effect of adopting anti-corruption practices on companies’ firm value. Given the problem of corruption in the Brazilian market, this study contributes to information that encourages the regulation of the market, organizations, and stakeholders in adopting and disclosing anti-corruption practices. |
| first_indexed | 2024-12-13T15:27:44Z |
| format | Article |
| id | doaj.art-fb053f7d24564b5287b7fc285c502b4f |
| institution | Directory Open Access Journal |
| issn | 1678-2089 2178-9258 |
| language | English |
| last_indexed | 2024-12-13T15:27:44Z |
| publishDate | 2021-01-01 |
| publisher | Universidade Federal do Ceará |
| record_format | Article |
| series | Contextus |
| spelling | doaj.art-fb053f7d24564b5287b7fc285c502b4f2022-12-21T23:40:18ZengUniversidade Federal do CearáContextus1678-20892178-92582021-01-011911410.19094/contextus.2021.59985Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on IbovespaFernando Maciel Ramos0https://orcid.org/0000-0002-4222-1253Gabrielle Secchi Hohn1https://orcid.org/0000-0003-4166-7103Lucas Antônio Vargas2https://orcid.org/0000-0002-8264-4373University of ContestadoUniversity of ContestadoUnochapecóCurrently, corruption is a highly addressed issue. As anti-corruption practices, which are increasingly required in the financial market, this study aims to analyze the effect of adopting the Anti-Corruption Law on Brazilian companies’ firm value listed onIbovespa. The sample consisted of 229 observations from 2014 -2018. Based on the econometric estimates, the results demonstrated a positive effect of adopting anti-corruption practices on companies’ firm value. Given the problem of corruption in the Brazilian market, this study contributes to information that encourages the regulation of the market, organizations, and stakeholders in adopting and disclosing anti-corruption practices.http://periodicos.ufc.br/contextus/article/view/59985corruptionfirm valuelawbrazilian companiesibovespa |
| spellingShingle | Fernando Maciel Ramos Gabrielle Secchi Hohn Lucas Antônio Vargas Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa Contextus corruption firm value law brazilian companies ibovespa |
| title | Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa |
| title_full | Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa |
| title_fullStr | Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa |
| title_full_unstemmed | Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa |
| title_short | Effect of Anti-Corruption Law adoption on firm value of Brazilian companies listed on Ibovespa |
| title_sort | effect of anti corruption law adoption on firm value of brazilian companies listed on ibovespa |
| topic | corruption firm value law brazilian companies ibovespa |
| url | http://periodicos.ufc.br/contextus/article/view/59985 |
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