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STUDY ON THE INFLUENCE OF GOVERNANCE MECHANISMS ON PERFORMANCE: EVIDENCE OF NONLINEAR RELATIONSHIPS OF LISTED COMPANIES IN DIFFERENT CONTEXTS

J. Augusto Felício, Ricardo Rodrigues

DOI: 10.22495/cocv11i2c5p1

Abstract

This work concerns the study of the influence of governance mechanisms on the performance of listed companies in different contexts, with evidence for nonlinear relationships. The sample consisting of 146 companies is grouped in 46 Portuguese and 100 British companies. The multiple linear regression and nonlinear regression were used. It was concluded that the influence of governance mechanisms on the performance of companies in different contexts is diverse and that there are nonlinear relationships whose effect represents an important contribution to understand the governance model.

Keywords: Governance Mechanisms, Performance, Agency Theory, Nonlinear Relationships

How to cite this paper: Felício, J. A., & Rodrigues, R. (2014). Study on the influence of governance mechanisms on performance: evidence of nonlinear relationships of listed companies in different contexts. Corporate Ownership & Control, 11(2-5), 429-445. http://doi.org/10.22495/cocv11i2c5p1

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