Regulatory Dualism as an Alternative Trust‐Enhancing Mechanism for Dividends and Debt: Evidence from Brazil

We test whether a market‐level corporate governance reform in Brazil influences the behavior of firms. To do so, we first verify whether the Novo Mercado (NM)—the segment applying more stringent corporate governance practices—impacts specific firms’ financial characteristics. We also investigate if...

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Veröffentlicht in:	International review of finance 2021-03, Vol.21 (1), p.121-144
Hauptverfasser:	Lozano, María Belén, López‐Iturriaga, Félix J., Braz‐Bezerra, Victor Hugo
Format:	Artikel
Sprache:	eng
Schlagworte:	Corporate governance
Online-Zugang:	Volltext
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