O ÍNDICE DE GOVERNANÇA CORPORATIVA E OS INDICADORES DE ENDIVIDAMENTO, DIVIDENDOS, ATIVOS TOTAIS E FONTES DE FINANCIAMENTO ADOTADOS PELAS EMPRESAS LISTADAS NA BOLSA DE VALORES DO BRASIL EM 2017

Abstract

The scope of this dissertation is to present the application of a methodology for the Brazilian Stock Exchange. The article analyzes the correlation between the Corporate Governance Index (IGC) of 429 companies listed on the Brazilian Stock Exchange in 2017and four other ratios, debt, dividends paid to shareholders, external funding source and total assets. The purpose was to raise possibilities for replication of articles whose case study was Brazilian Stock Exchange. The adopted methodological procedures it is wall characterized in two stages. The first one a exploratory bibliographic and documentary research it is wall carried out, through systematic analysis of the literature. The second an empirical study, referring to the selected article, containing descriptive statistics and the use of a non-parametric statistical test to verify the correlation of the variables considered in the proposed study. The Corporate Governance Index correlated with the variables total assets (0.175), external sources of financing (0.188) and dividends paid (0.099), but other hypotheses it is wall also analyzed. The statistical results obtained converge to the conclusion that, based on the indicators used for the sample; we found no evidence of correlation between all variables mentioned with the companies listed in Brazilian Stock Exchange. The conclusion reinforces the need for further study to identify which factors influenced this result. The work becomes relevant, since so far there are no studies in the literature that approach the subject in this way.