O impacto da governança corporativa no Brasil: uma análise comparativa do IGC e Ibovespa no período de 2002-2005

Abstract

This work was carried through has as objective to analyze the good impacts of the adoption of corporative governance in Brazil in the period of 2002-2005 through the analysis of the closings daily of the IGC in relation to the Ibovespa and influence of the macroeconomic factors (Risk - Brazil, Selic tax and North American dollar). In the analysis of the impact of the governance one used the closings daily of the IGC, Ibovespa, Risk - Brazil, Tax Selic and North American Dollar in the period of 02/01/2002 the 30/06/2005 and statistical studies of the linear regression, correlation and determination of the risk coefficient. In the conclusion, it was proven that the corporative governance is an important step for the development of the stock market in Brazil, therefore to create one favorable environment the investments in shares, but Brazil still needs to improve its macroeconomic beddings to create an environment propitiates to the sustainable development.