Biblioteca Digital de VanguardiaCorporate governance as a critical factor of business success in the health sector.
The benefits that Good Corporate Governance (BGC) entails for companies, such as the characteristics of its structuring and its strengthening that greater consensus has been achieved in businessmen and scholars, allowed to determine its presence in two health insurance companies in the Caribbean reg...
| Autores principales: | , , , , |
|---|---|
| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2019
|
| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2591 |
| _version_ | 1782340329460989952 |
|---|---|
| author | Jervis Jálabe, David Orozco Africano, Julio Ortiz Ibañez, Luis Alvis Zakzuk, Jannina Beltran Venegas, Tulia |
| author_facet | Jervis Jálabe, David Orozco Africano, Julio Ortiz Ibañez, Luis Alvis Zakzuk, Jannina Beltran Venegas, Tulia |
| author_sort | Jervis Jálabe, David |
| collection | Revista |
| description | The benefits that Good Corporate Governance (BGC) entails for companies, such as the characteristics of its structuring and its strengthening that greater consensus has been achieved in businessmen and scholars, allowed to determine its presence in two health insurance companies in the Caribbean region Colombian, in addition to assessing the cause effect relationship between the two from the perception of their respective General Managers. Structured interviews were carried out, from which it was sought to test the hypothesis that the business success exhibited by the two companies is strongly related to the structuring and strengthening of a BGC. In the case of the companies analyzed, the results show that although all the characteristics recommended in the literature were not found, nor the perception of the relationship between them and all the organizational achievements referred to, if evidence of the relationship between the characteristics was found present and the expected developments that form the basis of its organizational success. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-2591 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2019 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-25912021-10-25T17:36:42Z Corporate governance as a critical factor of business success in the health sector. El gobierno corporativo como factor crítico del éxito empresarial en el sector salud. La gouvernance d’entreprise comme facteur critique du succès des entreprises dans le secteur de la santé. Jervis Jálabe, David Orozco Africano, Julio Ortiz Ibañez, Luis Alvis Zakzuk, Jannina Beltran Venegas, Tulia Corporate governance Best corporate governance practices Interest groups Shareholders Corporate conduct Business success Gobierno corporativo Mejores prácticas de gobierno corporativo Grupos de interés Accionistas Conducta corporativa Éxito empresarial Gouvernance d’entreprise Meilleures pratiques de gouvernance d’entreprise Groupes d’intérêt Actionnaires Conduite des entreprises Réussite commerciale The benefits that Good Corporate Governance (BGC) entails for companies, such as the characteristics of its structuring and its strengthening that greater consensus has been achieved in businessmen and scholars, allowed to determine its presence in two health insurance companies in the Caribbean region Colombian, in addition to assessing the cause effect relationship between the two from the perception of their respective General Managers. Structured interviews were carried out, from which it was sought to test the hypothesis that the business success exhibited by the two companies is strongly related to the structuring and strengthening of a BGC. In the case of the companies analyzed, the results show that although all the characteristics recommended in the literature were not found, nor the perception of the relationship between them and all the organizational achievements referred to, if evidence of the relationship between the characteristics was found present and the expected developments that form the basis of its organizational success. Los beneficios que el Buen Gobierno Corporativo (BGC) acarrea para las empresas, como las características propias de su estructuración y su fortalecimiento que mayor consenso han logrado en empresarios y estudiosos, permitió determinar su presencia en dos empresas del aseguramiento en salud de la región caribe colombiana, además de valorar la relación de causa-efecto entre ambas desde la percepción de sus respectivos Gerentes Generales. Se realizaron de entrevistas estructuradas, a partir de las cuales se buscó probar la hipótesis que el éxito empresarial exhibido por las dos empresas, se encuentra fuertemente relacionado con la estructuración y fortalecimiento de un BGC. Para el caso de las empresas analizadas, los resultados muestran que aunque no se encontraron la totalidad de las características recomendadas en la literatura, ni la percepción de relación entre ellas y todos los logros organizacionales referidos, si se encontró evidencia de la relación entre las características presentes y los desarrollos esperados que constituyen la base de su éxito organizacional. Les avantages que la bonne gouvernance d’entreprise (BGC) entraîne pour les entreprises, tels que les caractéristiques de sa structuration et son renforcement qu’un plus grand consensus a été atteint chez les hommes d’affaires et les universitaires, ont permis de déterminer sa présence dans deux compagnies d’assurance maladie dans la région colombienne des Caraïbes, en plus d’évaluer la relation de cause à effet entre les deux à partir de la perception de leurs directeurs généraux respectifs. Des entretiens structurés ont été menés, à partir desquels on a cherché à tester l’hypothèse selon laquelle la réussite commerciale des deux sociétés est fortement liée à la structuration et au renforcement d’un BGC.Dans le cas des entreprises analysées, les résultats montrent que, bien que toutes les caractéristiques recommandées dans la littérature n’aient pas été trouvées, ni la perception de la relation entre elles et toutes les réalisations organisationnelles mentionnées, si des preuves de la relation entre les caractéristiques ont été trouvées présente et les développements attendus qui sont à la base de son succès organisationnel. Universidad de Cartagena 2019-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2591 10.32997/2463-0470-vol.27-num.3-2019-2591 Panorama Económico Journal; Vol. 27 No. 3 (2019); 734-757 Panorama Económico; Vol. 27 Núm. 3 (2019); 734-757 Panorama Económico; v. 27 n. 3 (2019); 734-757 2463-0470 0122-8900 10.32997/2463-0470-vol.27-num.3-2019 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2591/2169 /*ref*/Aguirre Brand, M. L. (2010). Gobierno corporativo en la sociedad por acciones. Santiago: Thomson Reuters Puntolex. /*ref*/Alchian, A. A., & Woodward, S. L. (1988). The Firm is Dead; Long Live the Firm: A Review of Oliver E. Williamson's The Economic Institutions of Capitalism. Journal of Economic Literature, 26(1), 65-79. /*ref*/Berle, A. A., & Means, G. G. C. (1936). The modern corporation and private property: Transaction Publishers. /*ref*/Black, B. S., Jang, H., & Kim, W. (2006). Does corporate governance predict firms' market values? Evidence from Korea. Journal of Law, Economics, and Organization, 22(2), 366-413. https://doi.org/10.1093/jleo/ewj018 /*ref*/Cano Morales, A. M. a., Orduz Aguilar, C. I., & Hoyos Ramírez, A. E. (2007). Gobierno corporativo: principales desarrollos en las empresas que cotizan en la bolsa de valores de Colombia (1. ed.). Medellín Colombia: Sello Editorial, Universidad de Medellín. /*ref*/Carney, M. (2005) Corporate Governance and Competitive Advantage in Family? Controlled Firms. Entrepreneurship Theory and Practice, 29(3), 249-265. https://doi.org/10.1111/j.1540-6520.2005.00081.x /*ref*/Coffee Jr, J. C. (2002). Racing towards the top?: The impact of cross-listings and stock m arket competition on international corporate governance. Columbia law review, 1757-1831. https://doi.org/10.2307/1123661 /*ref*/Da Silveira, A. D. M., & Barros, L. (2007). Corporate governance quality and firm value in Brazil. Universidade de Sao Paulo, Working Paper. https://doi.org/10.2139/ssrn.923310 /*ref*/Flores Konja, J. V., & Rozas Flores, A. E. (2013). El gobierno corporativo: un enfoque moderno. Quipukamayoc, 15(29), 7-22. https://doi.org/10.15381/quipu.v15i29.2065 /*ref*/Friedman, M. (1962). Capitalism and freedom. Chicago: University of Chicago Press. /*ref*/Gompers, P. A., Ishii, J. L., & Metrick, A. (2001). Corporate governance and equity prices: National bureau of economic research. https://doi.org/10.3386/w8449 /*ref*/Gorbaneff, Y., Torres, S., & Contreras, N. (2004). Anatomía de la cadena de prestación de salud en Colombia en el régimen contributivo. Gerencia y Políticas de Salud, 3(6). /*ref*/Grossman, S. J., & Hart, O. D. (1986). The costs and benefits of ownership: A theory of vertical and lateral integration. The Journal of Political Economy, 691-719. https://doi.org/10.1086/261404 /*ref*/Hart, O. (1995). Corporate governance: some theory and implications. The economic journal, 678-689. https://doi.org/10.2307/2235027 /*ref*/Hellwig, M. (1998). On the economics and politics of corporate finance and corporate control. Manheim: Universität Mannheim & Sonderforschungsbereich 504. /*ref*/IFC/OECD/GCGF. (2010). Guía Práctica de Gobierno Corporativo. Experiencias del Círcu lo de Empresas de la Mesa Redonda Latinoamericana (pp. 288). Washington D.C.: Internacional Financial Corporate. /*ref*/Klapper, L. F., & Love, I. (2004). Corporate governance, investor protection, and performance in emerging markets. Journal of corporate Finance, 10(5), 703-728. https://doi.org/10.1016/S0929-1199(03)00046-4 /*ref*/Klein, M. (2013). Firms Behaving Nicely: Incentives and Commitment. Washington DC: International Finance Corporation. /*ref*/Leal, R. P., & Carvalhal da Silva, A. (2005). Corporate governance and value in Brazil (and in Chile). Available at SSRN 726261. https://doi.org/10.2139/ssrn.726261 /*ref*/Lemmon, M. L., & Lins, K. (2003). Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis. The Journal of Finance, 58(4), 1445-1468. https://doi.org/10.1111/1540-6261.00573 /*ref*/Mayer, C. P. (2013). Firm commitment: why the corporation is failing us and how to restore trust in it (1st ed.). Oxford: Oxford Univ. Press. /*ref*/Mejía Reyes, S., Ruiz Gómez, F., Acosta Ramírez, N., Eslava Rincón, J. I., Puente Burgos, C. A., Ardila Carrillo, Z., & Peñaloza Quintero, E. (1999). Entorno, aseguramiento y acceso en el Régimen Subsidiado en Colombia: seis casos de acceso (pp. 199). Santafé de Bogotá: Pontificia Universidad Javeriana/Fundación Ford/Fundación Corona/Cendex. /*ref*/Morck, R., Wolfenzon, D., & Yeung, B. (2004). Corporate governance, economic entrenchment and growth: National Bureau of Economic Research. https://doi.org/10.3386/w10692 /*ref*/OECD. (2004). Principios de gobierno corporativo de la OECD (pp. 68). Paris. /*ref*/Quintana, J. (2012). Guía práctica para el buen gobierno de las empresas familiares. Instituto de la Empresa. /*ref*/Rajan, R. G., & Zingales, L. (1997). Power in a Theory of the Firm: National Bureau of Economic Research. https://doi.org/10.3386/w6274 /*ref*/Restrepo Zea, J. H. (2004). ¿Qué enseña la reforma colombiana sobre los mercados de salud? Gerencia y Políticas de Salud, 3(6). /*ref*/Rodríguez, J. C. P.-A. (2004). El gobierno corporativo como estrategia de creación de valor. Indret: Revista para el Análisis del Derecho (1), 182. /*ref*/Salud, D. U. M. d. (1993). Documento CONPES SOCIAL DNP-UDS-Minsalud 001. (0001). Bogotá D.C.: Departamento Nacional de Planeación. /*ref*/Santonja, A. O., & Borges, A. M. (2005). Teoría y práctica del buen gobierno corporativo: Marcial Pons. /*ref*/Shleifer, A., & Vishny, R. W. (1989). Management entrenchment: The case of manager-specific investments. Journal of financial economics, 25(1), 123-139. https://doi.org/10.1016/0304-405X(89)90099-8 /*ref*/Short, H. (1994). Ownership, control, financial structure and the performance of firms. Journal of economic surveys, 8(3), 203-249. https://doi.org/10.1111/j.1467-6419.1994.tb00102.x /*ref*/Turrent, B., & del Carmen, G. (2012). Factores institucionales que inciden en la transparencia del gobierno corporativo: un estudio en empresas cotizadas. /*ref*/Williamson, O. E. (1988). Corporate finance and corporate governance. The Journal of Finance, 43(3), 567-591. https://doi.org/10.1111/j.1540-6261.1988.tb04592.x /*ref*/Wong, S. C. (2008). Developing and implementing corporate governance codes. Private Sector Opinion Issue(10), 10-31. Derechos de autor 2019 Panorama Económico https://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Jervis Jálabe, David Orozco Africano, Julio Ortiz Ibañez, Luis Alvis Zakzuk, Jannina Beltran Venegas, Tulia Corporate governance as a critical factor of business success in the health sector. |
| title | Corporate governance as a critical factor of business success in the health sector. |
| title_full | Corporate governance as a critical factor of business success in the health sector. |
| title_fullStr | Corporate governance as a critical factor of business success in the health sector. |
| title_full_unstemmed | Corporate governance as a critical factor of business success in the health sector. |
| title_short | Corporate governance as a critical factor of business success in the health sector. |
| title_sort | corporate governance as a critical factor of business success in the health sector. |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2591 |