THE INCIDENCE OF THE ADOPTION OF CORPORATE GOVERNANCE PRACTICES IN THE RETURNS OF CHILEAN CORPORATIONS

Abstract

This study's objective was to determine if the adoption of corporate governance practices positively and significantly affects the profitability of Chilean companies. The study considered a sample of 903 reports between the years 2015 and 2019. The descriptive-correlational research shows a degree of incipient adoption at the market and economic sectors level, increasing the heterogeneity of results regarding the relationship between corporate governance and financial performance. A significant impact is reached in some economic sectors, concerning the operation of the board of directors and evaluation by an independent third party