The Impact of Differentiated Levels of Corporate Governance on Institutional Image of Companies

Authors

  • Paula Carolina Ciampaglia Nardi
  • Sílvio Hiroshi Nakao

Keywords:

Corporate Governance, Transparency, Institutional Image

Abstract

    The creation of the differentiated levels of corporate governance - Level 1, Level 2 and New Market - had as the one of its main arguments the change in the institutional image of companies, that would be provoked by the fulfillment of the rigid norms of adhesion, directed for the reduction of the uncertainties of the investors and others groups of interest. This paper looked for to verify the impact of the adhesion in these differentiated levels on the institutional image of the company for shareholders and stakeholders, according to perception of the own company. So, the study was based on the answers of questionnaires sent by email to the department of Investors Relations of the companies listed in the differentiated levels of corporate governance. As result, it was possible to verify that the adhesion to the levels in fact affects the institutional image of the company in the perception of the own company, much even so this change is little more related to shareholders than to stakeholders.

Published

2009-05-13

How to Cite

NARDI, P. C. C.; NAKAO, S. H. The Impact of Differentiated Levels of Corporate Governance on Institutional Image of Companies. Contabilidade Vista & Revista, [S. l.], v. 19, n. 2, p. 85–111, 2009. Disponível em: https://revistas.face.ufmg.br/index.php/contabilidadevistaerevista/article/view/355. Acesso em: 22 nov. 2024.