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Search results for: BNDES

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mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">1</span> Can a Development Bank Improve the Governance of Investee Companies? Evidence from BNDES in Brazil</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/search?q=Andre%20Luiz%20Carvalhal%20da%20Silva">Andre Luiz Carvalhal da Silva</a>, <a href="https://publications.waset.org/search?q=Fernanda%20Farah%20de%20Abreu%20Zorman"> Fernanda Farah de Abreu Zorman</a> </p> <p class="card-text"><strong>Abstract:</strong></p> There are many studies in the literature on institutional investors- efforts to improve corporate governance, generally focused on the role of pension funds and private equity firms. There are only a few studies that analyze the influence of development banks in the governance of investee companies. The objective of this research is to examine the role of the Brazilian Development Bank (BNDES) in the governance of listed companies. Our analysis provides evidence that companies in which BNDES is a shareholder have better governance. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=BNDES" title="BNDES">BNDES</a>, <a href="https://publications.waset.org/search?q=corporate%20governance" title=" corporate governance"> corporate governance</a>, <a href="https://publications.waset.org/search?q=development%20banks" title=" development banks"> development banks</a>, <a href="https://publications.waset.org/search?q=institutional%20investors." title=" institutional investors."> institutional investors.</a> </p> <a href="https://publications.waset.org/4450/can-a-development-bank-improve-the-governance-of-investee-companies-evidence-from-bndes-in-brazil" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/4450/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/4450/bibtex" 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