Abstract

This study's objective was to determine if the adoption of corporate governance practices positively and significantly affects the profitability of Chilean companies. The study considered a sample of 903 reports between the years 2015 and 2019. The descriptive-correlational research shows a degree of incipient adoption at the market and economic sectors level, increasing the heterogeneity of results regarding the relationship between corporate governance and financial performance. A significant impact is reached in some economic sectors, concerning the operation of the board of directors and evaluation by an independent third party.