How Does Legitimacy Operate in Emerging Capital Markets? Investigating the Moderating Effects of Premium Listings and Firm Size on Risk

Drawing on an institutional theoretical perspective, we investigate the impact of the origins of organizational legitimacy on systematic risk using a sample of 358 Brazilian companies between the years 2002 and 2007. We regard three origins of legitimacy—formal–regulatory (presence in premium listin...

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Veröffentlicht in:	Canadian journal of administrative sciences 2019-09, Vol.36 (3), p.404-417
Hauptverfasser:	Rossoni, Luciano, Mendes‐Da‐Silva, Wesley
Format:	Artikel
Sprache:	eng
Schlagworte:	board of directors Boards of directors conseil d'administration corporate governance corporate reputation gouvernance d'entreprise Legitimacy légitimité Reputations risque systématique réputation de l'entreprise systematic risk
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