Influência da conexão política na diversificação dos grupos empresariais brasileiros

Costa, Maick William Oliveira; Bandeira-de-Mello, Rodrigo; Marcon, Rosilene

doi:10.1590/s0034-75902013000400005

Cited by 18 publications

(20 citation statements)

References 46 publications

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“…Camilo et al (2012) studied political connections and their eff ects on company performance using three proxies: donations to political campaigns, the hiring of members with political backgrounds to compose executive boards or boards of directors, and board interlocking activities. Costa et al (2013) verifi ed the infl uence of political connections in the diversifi cation of Brazilian business groups. Macedo et al (2015) examined the issue from an analyst perspective and whether they would be likely to maintain their portfolios of investments in companies that have explicit political connections.…”

Section: Board Of Director Interlockingmentioning

confidence: 98%

Influence of board interlocking on earnings management

Cunha

Piccoli

2017

Rev. contab. finanç.

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The participation of directors on more than one board is called "board interlocking". This phenomenon contributes to the spread of management and governance practices, through directors sharing their knowledge and experiences on other boards. Thus, directors could "carry" the earnings management practices present in one company into another in which they sit on the board. It is assumed that the greater directors' direct or indirect connections on boards, the greater the sharing of information, especially information that can be reflected in company earnings quality. In light of the above, the aim of this study is to verify the influence of board interlocking on earnings management in companies listed on the São Paulo Stock, Commodities, and Futures Exchange (BM&FBovespa). The study is characterized as descriptive, quantitative, and documentary, and uses a sample of companies listed on the BM&FBOVESPA between 2011 and 2013. For earnings management, the model from Kang and Sivaramakrishnan (1995) was used, while for interlocking, degree centrality measures were used for direct board member connections, and intermediation centrality for indirect connections. The results indicate that earnings management is influenced by the interlocking of board members. It is concluded that the greater the degree centrality, the greater positive earnings management is, and that variations in positive and negative accruals are influenced by board member intermediation. The results reinforce the idea that earnings management behavior can be transferred between companies by the directors that make up their boards.

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Section: Board Of Director Interlockingmentioning

confidence: 98%

Influence of board interlocking on earnings management

Cunha

Piccoli

2017

Rev. contab. finanç.

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“…Por exemplo, o BNDES ofereceu linhas de crédito para investimentos de longo prazo e representou o principal instrumento fomentador da formação de grandes conglomerados de empresas brasileiras voltados para a internacionalização (GUEDES, 2006;CERVO;BUENO, 2011). MARCON, 2013). Garcia (2012) afirma que, por trás de uma grande empresa há sempre um Estado forte, que organiza o campo político e jurídico para que a organização possa operar e crescer.…”

Section: Referencial Teóricounclassified

Internacionalização De Empresas Brasileiras Para Angola: Desafios E Oportunidades

Pinheiro¹,

Borini²,

Pereira³

2017

ALCANCE

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Doi: alcance.v24n1.p81-96RESUMO O objetivo deste artigo é analisar se as empresas brasileiras que estão indo explorar vazios institucionais em Angola estão sendo apoiadas pelo Estado. Foram adotadas as perspectivas teóricas relacionadas às temáticas de vazios institucionais, de vantagens específicas da firma (FSA) e o papel do Estado na internacionalização de empresas. A amostra do estudo foi composta de entrevistas com 12 especialistas das relações Brasil-Angola. Os resultados da investigação apontam que as empresas brasileiras que foram para Angola possuíam vantagens competitivas bem definidas e, em sua maioria, foram para o país africano visando explorar os vazios institucionais locais. Entretanto, na percepção dos atores envolvidos, as empresas brasileiras que estão indo explorar vazios institucionais, se valendo das suas vantagens competitivas, não foram apoiadas eficientemente pelo Estado brasileiro. Os achados também indicam que, para ter sucesso nos negócios em Angola, é fundamental construir parcerias com agentes locais como empresários e, sobretudo, o governo.Palavras-Chave: Internacionalização de empresas. Vantagens competitivas da firma (FSA). Estado. ABSTRACTThe objective of this article is to analyze whether companies that plan to explore institutional vacuums in Angola, using their competitive advantages, are being supported by the State. Theories of institutional gaps, firm specific advantages (FSA) and the role of the state in the internationalization of companies were adopted. The study sample consisted of interviews with twelve experts in Brazil-Angola relations. The results of the study indicate that the Brazilian companies seeking to form relations with Angola to have well-defined competitive advantage and, in most Disponível em: www.univali.br/periodicos

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“…In India, they belong to 4.2 sectors, and, in the Philippines, 3.5 sectors (Khanna & Yafeh, 2007). Additionally, a recent study showed that, in Brazil, diversification of family business groups is at around 4 sectors per group (Costa, Bandeira-de-Mello, & Marcon, 2013). Concerning vertical integration, there are groups that belong to different and correlated industries.…”

Section: Family Business Groupsmentioning

confidence: 99%

“…Valor Grandes Groups is an annual publication available on the newspaper Valor Econômico, Brazil's leading periodical on business and finance. Information gathered from Valor Grandes Grupos has previously been used in other academic studies (Aldrighi & Postali, 2010;Costa et al, 2013;Xavier, Marcon, & Bandeira-de-Mello, 2013). Data showed that, among the top 200 Brazilian business groups, only 38 run foreign operations.…”

Section: Datamentioning

confidence: 99%

Business group internationalization: choosing a host country according to institutional distance

Gama¹,

Lana²,

Calixto³

et al. 2016

RBGN

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Purpose -This research analyzes to what extent committing resources to the internationalization of family business groups is related to the institutional distance of the host country.Design/methodology/approach -We used OLS panel data with fixed effects.Findings -We identified that family business groups decide to internationalize themselves committing fewer resources to countries that present a positive institutional distance, and that are more institutionally developed than the country of origin. On the other hand, when family business groups choose to expand abroad committing more resources, they tend to invest in countries with a negative institutional distance, and that are less institutionally developed than the country of origin.Originality/value -Our main contribution to existing theory on internationalization of family business groups is to test the relationship between the level of resource commitment by family business groups in their international expansion and the institutional distance between the country of origin and the host country.

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Influência da conexão política na diversificação dos grupos empresariais brasileiros

Cited by 18 publications

References 46 publications

Influence of board interlocking on earnings management

Influence of board interlocking on earnings management

Internacionalização De Empresas Brasileiras Para Angola: Desafios E Oportunidades

Business group internationalization: choosing a host country according to institutional distance

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