Relação entre as práticas do board interlocking e características de empresas de estrutura de propriedade familiar com ações mais negociadas na BM&FBOVESPA
{"title":"Relação entre as práticas do board interlocking e características de empresas de estrutura de propriedade familiar com ações mais negociadas na BM&FBOVESPA","authors":"I. Beuren, A. Dani, Franciele Beck","doi":"10.21529/RECADM.2014022","DOIUrl":null,"url":null,"abstract":"The goal of this study is to investigate the relationship between the Board Interlocking practices and business characteristics of family ownership structure which have more stocks traded in BM&FBovespa. Study descriptive being conducted through desk research, with a quantitative approach. The information was collected from the financial reports of 23 Brazilian open capital companies of family ownership structure, classified by the Open Capital Magazine. The results show that the Board Interlocking practice occurred in 57% of the companies in the sample, indicating that it is a common practice. Show also a significant relationship between the variables Board Interlocking practices and characteristics of family ownership structure and control, with a canonical correlation of 83% and a canonical R of 69%. It is concluded that the Interlocking Board practices by members of the board of directors, directors and supervisory board is adopted in the surveyed companies, despite the tendency of family ownership structure be more concentrated.","PeriodicalId":30138,"journal":{"name":"Revista Eletronica de Ciencia Administrativa","volume":"13 1","pages":"339-355"},"PeriodicalIF":0.0000,"publicationDate":"2014-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista Eletronica de Ciencia Administrativa","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21529/RECADM.2014022","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
Abstract
The goal of this study is to investigate the relationship between the Board Interlocking practices and business characteristics of family ownership structure which have more stocks traded in BM&FBovespa. Study descriptive being conducted through desk research, with a quantitative approach. The information was collected from the financial reports of 23 Brazilian open capital companies of family ownership structure, classified by the Open Capital Magazine. The results show that the Board Interlocking practice occurred in 57% of the companies in the sample, indicating that it is a common practice. Show also a significant relationship between the variables Board Interlocking practices and characteristics of family ownership structure and control, with a canonical correlation of 83% and a canonical R of 69%. It is concluded that the Interlocking Board practices by members of the board of directors, directors and supervisory board is adopted in the surveyed companies, despite the tendency of family ownership structure be more concentrated.