Biblioteca Digital de VanguardiaImpact of the composition of boards of directors and their degree of training on the financial performance of colombian companies
The Colombian stock market has been little studied from the perspective of Corporate Governance and even less, if the composition of the Boards of Directors of companies listed on the Stock Market is considered. This article seeks to show whether the level of training and the composition with ext...
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| Formato: | Revistas |
| Lenguaje: | Español |
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Universidad de Cartagena
2021
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/3650 |
| _version_ | 1782340344222842880 |
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| author | Castaño Ríos, Carlos Eduardo Tabares Higuita, Diana Sirley Osorio Agudelo, Jair Albeiro Zamarra Londoño, Julián Esteban |
| author_facet | Castaño Ríos, Carlos Eduardo Tabares Higuita, Diana Sirley Osorio Agudelo, Jair Albeiro Zamarra Londoño, Julián Esteban |
| author_sort | Castaño Ríos, Carlos Eduardo |
| collection | Revista |
| description |
The Colombian stock market has been little studied from the perspective of Corporate Governance and even less, if the composition of the Boards of Directors of companies listed on the Stock Market is considered. This article seeks to show whether the level of training and the composition with external and internal members of the Boards of Directors affect the financial performance of these entities. For this purpose, a sample of firms that are listed on the stock market was used. The information was analyzed through a data panel model, and it was found that the level of training is not related to the financial performance of the companies, and that the degree of external membership positively influence the EBITDA.
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| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-3650 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2021 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-36502023-04-29T03:10:37Z Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies Incidencia de la composición de juntas directivas y su grado de formación en el desempeño financiero de las empresas colombianas Castaño Ríos, Carlos Eduardo Tabares Higuita, Diana Sirley Osorio Agudelo, Jair Albeiro Zamarra Londoño, Julián Esteban Corporate Governance EBITDA Composition of Board of Directors Colombian stock market Gobierno Corporativo EBITDA Composición Junta Directiva mercado de valores colombiano The Colombian stock market has been little studied from the perspective of Corporate Governance and even less, if the composition of the Boards of Directors of companies listed on the Stock Market is considered. This article seeks to show whether the level of training and the composition with external and internal members of the Boards of Directors affect the financial performance of these entities. For this purpose, a sample of firms that are listed on the stock market was used. The information was analyzed through a data panel model, and it was found that the level of training is not related to the financial performance of the companies, and that the degree of external membership positively influence the EBITDA. El mercado de valores colombiano ha sido poco estudiado desde la perspectiva del Gobierno Corporativo y menos aún, si se considera la composición de las Juntas Directivas de las empresas que cotizan en la Bolsa de Valores. Este artículo busca evidenciar si el nivel de formación y la composición entre externos e internos de las Juntas Directivas inciden en el desempeño financiero de estas entidades. Para tal fin, se emplea una muestra de empresas que cotizan en bolsa y que cuentan con los datos necesarios para el estudio. La información se analizó a través de un modelo de panel de datos y se encuentra que el nivel de formación no tiene relación con el desempeño financiero de las empresas, y que el grado de personas externas (independientes) que están en la organización influyen positivamente en el EBITDA. Universidad de Cartagena 2021-07-15 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/3650 10.32997/pe-2021-3650 Panorama Económico Journal; Vol. 29 No. 3 (2021); 172-184 Panorama Económico; Vol. 29 Núm. 3 (2021); 172-184 Panorama Económico; v. 29 n. 3 (2021); 172-184 2463-0470 0122-8900 10.32997/pe-2021 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/3650/3062 /*ref*/Bansal, P., & Clelland, I. (2004). 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| spellingShingle | Castaño Ríos, Carlos Eduardo Tabares Higuita, Diana Sirley Osorio Agudelo, Jair Albeiro Zamarra Londoño, Julián Esteban Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title | Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title_full | Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title_fullStr | Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title_full_unstemmed | Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title_short | Impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| title_sort | impact of the composition of boards of directors and their degree of training on the financial performance of colombian companies |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/3650 |