CRITERIA FOR VALUING GOVERNANCE IN THE INTERNATIONAL MARKET

Abstract

This article aimed to understand which corporate governance criteria are used by stock exchanges in China, the United States, and Brazil, seeking to understand the influence of governance on the valuation of their shares. The research was based on historical events and the evolution of governance criteria that have led to value creation and increased investor confidence. It examined how each financial market is regulated and promotes the valuation of listed companies according to its adopted practices. Therefore, the methodology consisted of a bibliographic research, based on academic studies obtained from the contributions of authors of analytical studies, as recommended by Severino (2018, p. 122). Data collection occurred through consultations of digital articles available on the internet, obtained from websites and journals focused on the subject that have an academic collection on the topic of study. The main criteria adopted included the importance of governance policies adopted by companies listed on stock exchanges, the methodologies that added value to shares, and how these practices provide security to stakeholders. The results demonstrated the practices adopted in the three stock exchanges surveyed, each showing specific characteristics that meet the scenario in which they are inserted and the needs of each market.