Bibliographic citations
Pacheco, J., Valdez, P., Sotillo, A., Álvarez, D. (2019). Transparencia corporativa en las compañías generadoras de energía eléctrica en el Perú [Pontificia Universidad Católica del Perú]. http://hdl.handle.net/20.500.12404/13896
Pacheco, J., Valdez, P., Sotillo, A., Álvarez, D. Transparencia corporativa en las compañías generadoras de energía eléctrica en el Perú []. PE: Pontificia Universidad Católica del Perú; 2019. http://hdl.handle.net/20.500.12404/13896
@mastersthesis{sunedu/2652054,
title = "Transparencia corporativa en las compañías generadoras de energía eléctrica en el Perú",
author = "Álvarez Urday, Dennys Santos",
publisher = "Pontificia Universidad Católica del Perú",
year = "2019"
}
Corporate transparency is an effective tool in the fight against corruption by reducing the spaces and opportunities where illicit activities can occur. This is because transparent companies make of public knowledge relevant and timely information about their activities, economic situation and corporate governance, and subject it to the scrutiny of all interested parties or stakeholders. Corporate transparency also affects the sustainable growth of organizations since it generates confidence in their environment and this translates into a social license to operate, better financing conditions, better administration or governance and, finally, better economic results in a sort of virtuous circle. In view of the political context that the country is going through because of the lack of ethics in the business, it is particularly propitious to study corporate transparency and its application in the country with the purpose of disseminating its benefits and promoting its use in all fields of the economic activity. This research deals with corporate transparency in electrical energy generating companies listed on the Lima Stock Exchange. In this sense, it is necessary to mention that electrical energy is a fundamental resource for the social and economic development of the country. In addition, electrical energy generating companies in Peru concentrated most of the investments in the sector and those listed on the stock exchange represented more than the half of the item's turnover (Organismo Supervisor de la Inversión en Energía y Minería [Osinergmin], 2017). The research contemplates a quantitative design with descriptive and correlational approaches, since it analyzes transparency in the indicated sector and identifies relationships between organizational factors and transparency. This work comprised the development of an ad hoc measurement tool called the Corporate Transparency Index on the Internet (ITCI, as per acronym in Spanish), which was created based on valid instruments chosen for their relevance to this research. The reliability of this tool was measured using Cronbach's Alpha and Kuder and Richardson’s KR-20 coefficient. On the other hand, the correlational analysis was validated by testing the critical value of the Spearman correlation coefficient at a significance level of 0.05. With an ITCI of 58.20%, the results show that there is much room for improvement, especially in the transparency of aspects of corporate governance and tools for investors. Likewise, the correlation analysis between the ITCI and organizational variables such as size, profitability, indebtedness and ownership of capital (state or private), showed that the size of the company, presented an average positive correlation with the level of corporate transparency in the companies studied. These results are congruent with academic research that shows the low level of transparency in Latin America and the size of the organization as an internal determinant of the company's level of transparency. The contribution of this research work is reflected in the following: (a) the review of the literature, which serves as a reference for the understanding of corporate transparency; (b) the development of a corporate transparency measurement tool especially tailored for the analyzed sector; (c) the descriptive results of transparency in the companies under study, which serve as a reference for more in- depth studies in the same or similar sectors; (d) the results of correlational analysis, in order to understand which organizational factors relate to transparency in the sector; and (e) the dissemination of the importance, usefulness and benefits of corporate transparency.
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