Impactos da crise de 2014 nas empresas que compõem a BM&FBovespa: uma análise comparativa entre as empresas pertecentes aos níveis diferenciados de governança corporativa e ao tradicional.

Abstract

In view of the crisis scenario that began in 2014, the Brazilian population lives with various aspects of the economy, feeling its effects and understanding the importance of Corporate Governance, which presupposes that the adoption of best practices results in benefits for organizations and investors. BM & FBovespa understands that adherence to the differentiated Levels of Corporate Governance offers benefits such as protection in periods of insecurity, thus obtaining the companies a higher performance. This research aims to evaluate the impact of the crisis of 2014 on the performance of companies, listed on the BM & FBovespa, belonging to the differentiated levels of corporate governance and the traditional market. Using a descriptive, documentary and quantitative research methodology comparing the Nominal and Abnormal Returns Adjusted to IGOV and Ibovespa of the companies of two sectors of Economatica, the Food and Beverage and Vehicle and Parts sector of Economatica. It can be concluded that participating in the higher levels of Corporate Governance such as the New Market did not bring significant results superior to the others in periods of crisis. Which contradicts and reaffirms some research.