The financial profitability in the changes to the third revision to the code of best practices of corporate governance; [La rentabilidad financiera en los cambios a la tercera revisión al código de mejores prácticas del gobierno corporativo]

Paper Details

Authors: Barceló G.M.; Sánchez B.T.; Mora J.A.N.

DOI: 10.22201/fca.24488410e.2026.4899

Journal: Contaduria y Administracion

Year: 2026

Publisher: Universidad Nacional Autonoma de Mexico

Document Type: Article

Open Access: All Open Access; Gold Open Access

Cited by: 0

Abstract

The third review of the code of best corporate governance practices carried out in 2018, generated recent changes and the implementation of a new board named “risk and compliance”. This article seeks to determine, what were the main changes on the code, if the new best practices have been adopted by the companies, and if compliance with the new practices made to the code maintain a positive correlation in the financial profitability of companies listed on the Mexican Stock Market. Profitability indicators and semilogarithmic models were used to specify the correlation. Exploring the correlation between earning per share and the inclusion of women on the Board of Directors. © 2019 Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración. Este es un artículo Open Access bajo la licencia CC BY-NC-SA (https://creativecommons.org/licenses/by-nc-sa/4.0/)

Keywords

corporate governance; profitability; regulations

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