A influência dos padrões de governança corporativa nos indicadores de rentabilidade dos bancos listados na Bovespa

Abstract

The search of organizations for an ideal management model that guarantees competitive advantages in the market makes corporate governance standards increasingly sought after in any sector in which they operate, with a view to seeking the best profitability results. In this sense, the aim of this study is to analyze whether corporate governance standards influence the profitability indexes of banks listed on Bovespa. As specific objectives, the identification of corporate governance standards, the calculation of the profitability indicators of banking institutions listed on Bovespa, the measurement of which level of corporate governance has the best profitability indicators were listed, in addition to identifying which banking institutions obtain the best and worst profitability indexes. To this end, the Net Margin, Return on Assets and Return on Equity ratios of the 26 banking institutions listed on the Bovespa were calculated, followed by the averages of these indicators for the years 2017 to 2019. The results showed that institutions with governance standards corporate profitability ratios are higher than those of banks without defined governance standards, except in relation to the return on equity ratio. The Level 1 - N1 pattern stood out as the level with the best results in the profitability indicators, while Level 2 - N2 had the lowest averages in the sector, even compared to institutions without corporate governance standards defined by Bovespa. The limiting points of the study were related to the lack of all corporate governance standards with the analyzed banks, such as the Bovespa Mais standard, in addition to the existence of only one banking institution classified as a market level.