Board social capital and structure, ownership and financial variables of Brazilian companies: A three levels dataset integrating directors, board networks and firm characteristics

Rossoni, Luciano; Gonçalves, Alex Ferreira

doi:10.1016/j.dib.2019.104502

Cited by 7 publications

(3 citation statements)

References 9 publications

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“…The relatively long study period is critical as it encapsulates the 2008/2009 global financial crisis-era, which helps to clearly understand the role of busy directors in promoting bank stability. The sample information is obtained from a publicly shared dataset constructed by Rossoni and Goncalves (2019). The study drops banks with less than three consecutive years of information to improve the study results' reliability.…”

Section: Data and Sample Descriptionmentioning

confidence: 99%

Do Busy Directors Impede or Spur Bank Performance and Bank Risks? Event Study Evidence From Brazil

Mbanyele

2020

SAGE Open

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The paper investigates the implications of busy directors on bank performance and bank risks in Brazil. The study employs an event study based on a change in board status as an identification strategy, Heckman’s two-stage model, and the propensity score matching method to account for endogeneity. The study findings show that busy directors contribute to an increase in bank market value. Regarding bank risks, the study shows that multiple directorships contribute to an increase in asset risk and insolvency risk. The study contributes to the existing literature by showing that busy directors are associated with high bank risks in foreign-owned banks while they disproportionately reduce bank risks in state-owned banks. Considering the importance of bank stability in promoting economic growth in Brazil and the positive impact of busy directors on bank risks, there is need for the policymakers to craft clear corporate governance clauses which guide the selection of multiple directors and enforce feedback and accountability mechanisms that govern busy directors who serve in Brazilian banks. Reducing excessive participation for busy directors serving in bank boards ensures that the directors have adequate time and attention to discharge their governance responsibilities efficiently, thus resulting in robust risk monitoring strategies in bank operations.

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Section: Data and Sample Descriptionmentioning

confidence: 99%

Do Busy Directors Impede or Spur Bank Performance and Bank Risks? Event Study Evidence From Brazil

Mbanyele

2020

SAGE Open

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“…The study sample comprises of listed firms on the Brazil Stock Exchange. The study collects the stock market daily data for 2,245 listed firms from on the B3-Brazil Stock Exchange website for the period 2002-2018 and merges the data with the other financial information from various data sources, like Economatica, and supplement the information with a dataset constructed by Rossoni and Gonçalves, 2019. Afterward, the study drops all financial companies and firms with missing data to ensure the study results are reliable.…”

Section: Data Descriptionmentioning

confidence: 99%

Economic policy uncertainty and stock liquidity: the role of board networks in an emerging market

Mbanyele

2021

IJOEM

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PurposeThe purpose of this study is to examine the role of board networks in promoting stock liquidity when there is high economic policy uncertainty using a sample of Brazilian firms from 2002 to 2015.Design/methodology/approachThe study employs the ordinary least squares estimation method with standard errors clustered at the firm level for preliminary analysis, besides the study employs the two-step GMM dynamic estimation method to deal with potential endogeneity issues.FindingsFirst, the findings show that economic policy uncertainty disproportionately contributes to stock illiquidity and the impact is mainly prominent for high risky companies, small firms and firms in competitive industries. Second, the author provides evidence that board networks promote stock liquidity more via the information channel when economic policy uncertainty is very high.Practical implicationsGiven the adverse effects of economic policy uncertainty on stock liquidity, governments need to swiftly communicate and implement policies that affect the capital market to avoid the drying up of liquidity, which is exacerbated by communication or implementation lags. Also, there is a need for the regulators to continuously encourage the inclusion of independent directors in boards, which helps to increase board monitoring capacity and the firms' ability to respond to changes in the external environment.Originality/valueUnlike other studies that focus on the adverse effects of economic policy uncertainty on firm outcomes, the novel contribution is that the author uncovers the role of board networks in mitigating the negative effects of economic policy uncertainty on stock liquidity.

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“…Moreover, there are already several open datasets published in the data journal named Data-in-Brief (https://www.journals.elsevier.com/data-in-brief; retrieved in August 10th, 2020). For instance, an article by Rossoni and Gonçalves (2019) contains a dataset with board social capital of Brazilian companies, while an article by Paulo and Camões (2019) includes data about ecological fiscal transfers in the state of Minas Gerais. Data-in-Brief is a multidisciplinary journal that publishes data articles.…”

Section: More Useful Datasetsmentioning

confidence: 99%

Tutorial-Articles: The Importance of Data and Code Sharing

Martins

2021

Rev. adm. contemp.

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Context: this document is designed to be along with those that are in the first edition of the new section of the Journal of Contemporary Administration (RAC): the tutorial-articles section. Objective: the purpose is to present the new section and discuss relevant topics of tutorial-articles. Method: I divide the document into three main parts. First, I provide a summary of the state of the art in open data and open code at the current date that, jointly, create the context for tutorial-articles. Second, I provide some guidance to the future of the section on tutorial-articles, providing a structure and some insights that can be developed in the future. Third, I offer a short R script to show examples of open data that, I believe, can be used in the future in tutorial-articles, but also in innovative empirical studies. Conclusion: finally, I provide a short description of the first tutorial-articles accepted for publication in this current RAC’s edition.

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Board social capital and structure, ownership and financial variables of Brazilian companies: A three levels dataset integrating directors, board networks and firm characteristics

Cited by 7 publications

References 9 publications

Do Busy Directors Impede or Spur Bank Performance and Bank Risks? Event Study Evidence From Brazil

Do Busy Directors Impede or Spur Bank Performance and Bank Risks? Event Study Evidence From Brazil

Economic policy uncertainty and stock liquidity: the role of board networks in an emerging market

Tutorial-Articles: The Importance of Data and Code Sharing

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