RT Journal Article
T1 Does corporate governance differ by sector? An analysis under good practice criteria. The case of Spain.
A1 Corral-Lage, Javier
A1 Garayeta, Asier
A1 Trigo-Martínez, Eduardo
A1 De la Peña, J. Iñaki
K1 Gobierno de la empresa - España
AB The aim of this paper is to analyse how the factors remuneration, supervision and board structure influence the good corporate governance of companies in the Spanish Continuous Market. This paper develops, for the first time, an index based on the recommendations defined in the Good Governance Code of Listed Companies. This paper measures remuner ation, monitoring and governance structure and employs a multiple linear regression model modelling corporate governance as a latent factor. Based on this model, this research pres ents empirical evidence of the relationship between corporate governance and the defined variables, considering Spanish Continuous Market firms disaggregated by sector. To date, there are no studies that have taken into account the analysis for all sectors in the same country. Among the conclusions, the research finds that the larger a company is, the better the mechanisms for providing an optimal degree of governance, as is the case in the oil, energy and technology sectors. In another sense, the higher the number of proprietary directors the lower the levels of good governance, mainly in basic materials, industrial, con- struction and consumer goods and services companies. The empirical results also justify the inclusion of Corporate Governance-related factors in governance regulation.
PB PLOS
SN 1932-6203
YR 2024
FD 2024
LK https://hdl.handle.net/10630/36881
UL https://hdl.handle.net/10630/36881
LA eng
NO Corral-Lage J, Garayeta A, Trigo E, De la Peña JI (2024) Does corporate governance differ by sector? An analysis under good practice criteria. The case of Spain. PLoS ONE 19(10): e0307806. https://doi.org/10.1371/journal.pone.0307806
NO This research was funded by the ClioBasque Consolidated Research Group Eusko Jaurlaritza/Gobierno Vasco EJ/GV grant number IT 1523-22.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 15 abr 2026