Gobierno Corporativo y Rendición de Cuentas: ¿Existe Algún Efecto Sobre la Performance Empresarial?

Corporate Governance and Accountability: Any Effect on Business Performance?

  • Isabel Acero
  • Nuria Alcalde
Palabras clave: gobierno corporativo, consejos de administración, informe de responsabilidad social corporativa, rendición de cuentas


El artículo analiza el efecto que la estructura de los consejos de administración y la divulgación de información de responsabilidad social corporativa ejercen sobre la performance empresarial. A partir de un modelo dinámico estimado mediante el método generalizado de momentos (MGM), y utilizando una muestra de 171 sociedades españolas cotizadas en el periodo 2004-2008, se constata que no existe ningún efecto de la estructura de gobierno corporativo y la rendición de cuentas sobre la performance de la organización, tras controlar por la performance previa. El artículo pone de manifiesto la importancia de considerar la endogeneidad dinámica en la relación existente entre gobierno corporativo/responsabilidad social corporativa y performance.


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Biografía del autor/a

Isabel Acero


María de Luna s/n
Edificio Lorenzo Normante
Edificio Lorenzo Normante

Nuria Alcalde




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Cómo citar
Acero, I., & Alcalde, N. (2012). Gobierno Corporativo y Rendición de Cuentas: ¿Existe Algún Efecto Sobre la Performance Empresarial?. Revista De Contabilidad - Spanish Accounting Review, 15(1), 143-178. https://doi.org/10.1016/S1138-4891(12)70041-9