000057839 001__ 57839
000057839 005__ 20190131141431.0
000057839 0247_ $$2doi$$a10.1016/j.brq.2015.04.002
000057839 0248_ $$2sideral$$a94112
000057839 037__ $$aART-2016-94112
000057839 041__ $$aeng
000057839 100__ $$0(orcid)0000-0001-9304-3517$$aUtrero-González, N.
000057839 245__ $$aDo investors react to corporate governance news? An empirical analysis for the Spanish market
000057839 260__ $$c2016
000057839 5060_ $$aAccess copy available to the general public$$fUnrestricted
000057839 5203_ $$aThis work adds to the debate on corporate governance regulations and its effects on performance and firm value. The paper empirically tests whether there is a significant price reaction to corporate governance announcements following the publication of the Aldama Code of Best practice (2003) in Spain. In particular, news announcements are classified according to the code principles to distinguish among different dimensions of corporate governance and have a better understanding of investors'' reaction. Results show first, that investors react to this kind of practices, second, that the sign of their reaction depends crucially on the nature and extension of the recommendation and finally that firms that disclose more do not enjoy higher market prices or return on the medium-long term.
000057839 536__ $$9info:eu-repo/grantAgreement/ES/MEC/SEJ2010-21393-C04-01-ECO$$9info:eu-repo/grantAgreement/ES/MEC/SEJ2010-16353-ECON
000057839 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000057839 590__ $$a1.325$$b2016
000057839 591__ $$aBUSINESS$$b85 / 121 = 0.702$$c2016$$dQ3$$eT3
000057839 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000057839 700__ $$0(orcid)0000-0003-1399-5484$$aCallado-Muñoz, F.J.
000057839 773__ $$g19, 1 (2016), 13-25$$pBus. res. q.$$tBusiness research quarterly$$x2340-9436
000057839 8564_ $$s311517$$uhttps://zaguan.unizar.es/record/57839/files/texto_completo.pdf$$yVersión publicada
000057839 8564_ $$s81062$$uhttps://zaguan.unizar.es/record/57839/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000057839 909CO $$ooai:zaguan.unizar.es:57839$$particulos$$pdriver
000057839 951__ $$a2019-01-31-14:10:56
000057839 980__ $$aARTICLE