REGE-Revista de Gestao最新文献

In recent decades, the sustainability theme was thoroughly discussed by conferences and establishing protocols. Therefore, corporations had to adapt to the new expectations of the society and the government that seek the balance between social, environmental and economic spheres. The impact on the capital market reflects the creation of theoretical portfolios composed by companies considered benchmark in sustainable corporate management. In this context, the research's objective is to evaluate the performance of corporations listed on the Corporate Sustainability Index of São Paulo Stock Market (ISE), in opposition to companies of the same economic sector but which are absent from this index. Eight companies belonging to four different segments were analyzed in the 2006 to 2014‐time period, considering quantitative aspects such as volatility of stock prices and profitability were evaluated. The results showed that from a strictly quantitative point of view, based on the companies that this paper have considered, those listed on the index and from Banks and Petrochemical segments had a good performance, while the ones from Electricity and Paper segment showed unsatisfactory performance. In this sense, it was impossible to determine a specific relationship between ISE and appreciation of shares or their volatility.

The environmental organizations aim at boosting the implementation of public policies for the defense of the environment among rural, indigenous, riparian and other communities. These organizations are influenced by environmental conceptions, ideological commitments and basic theories that support them. The objective of this study is to understand the influences of the ideological commitments discussed by Eduardo J. Viola and of the socioeconomical, “environmental knowledge” and “environmental rationality” basic theories, discussed by Enrique Leff, on the environmental conceptions that conduct the management and operation of the Association Kanindé (Kanindé) for Ethno‐environmental Defense. Located in the Brazilian part of the Amazon rainforest, KanindÉ’s goals are to combat the installation of hydroelectric stations that degrade the environment, to take part in local councils and to provide the indigenous and riverine populations with projects aimed at sustainability. Three strategies for data collection were used: interviews, documental analysis and participant observation. The results identified the ecosocialist and ecorealist ideological commitments and the socioeconomical and “environmental knowledge” basic theories as influences on the environmental concepts and on the ways of operation and management of this organization. The ecofundamentalist and ecocapitalist commitments and the theory of the “environmental rationality” were not identified as influences on the performance of the organization.

This article focuses on the ways that luxury companies found so far to recreate in the virtual world the personal interactivity between client‐salesperson which happens in the physical stores. The objective is to understand how luxury brands are interacting through their main homepage. The personalized online interaction experience is one more touch point that the companies can have with their customers in the value co‐creation process of luxury brands, which can be an advantage in the market. For that, it was done a qualitative research in 148 luxury brands websites that belongs to the biggest luxury conglomerates in the world, to identify the techniques most common used to promote interaction. The results revealed that the most used tools are: (1) possibility of registering to receive newsletters (75%), (2) possibility for the consumer send an e‐mail through the website (69%) and (3) links to social networks (63%). Moreover, even though only 41% of the websites researched are also e‐commerce websites, it was possible to notice that the need to create interactivity solutions with the costumers rises when the company also decides to sell online.

The literature presents a number of reasons for conducting mergers and acquisitions, which would lead to gains generically called “synergy”. The efficient capital markets in the semi‐strong form would realize such gains, increasing corporate value. However, empirical studies indicate that, on average, shareholders of acquiring firms experience zero or negative abnormal returns when such transactions are announced, with high dispersion. One possible explanation for these results is the possibility that some transactions are carried out by agency problems in acquiring firms. In firms with dispersed ownership and control, executives can perform such transactions seeking benefits for themselves at the expense of shareholders. In the presence of private benefits of control and separation between voting and cash flow rights, such a problem can also be present in firms with defined control. Based on this framework, this paper aims to investigate the relationship between the quality of corporate governance and abnormal returns of acquirers in Brazil, a market characterized by the presence of controllers that often hold excess voting rights. It was found evidence of a positive relationship between the abnormal returns of acquirers and listing in Novo Mercado, the higher premium listing segment of BM&FBovespa, in which firms must follow the “one share ‐ one vote” rule.

This study investigates the influence of public spending in the economic growth of municipalities in the Southeast of Brazil. The sample consisted of ten and ten smaller municipalities in each state of the region. Public expenditures were analyzed regarding the Assistance, Health, Education and Culture, in the year 2010. This is a descriptive research with quantitative approach and cross section. Therefore, the study presents a mathematical model of nonlinear multivariable regression, this is evaluated empirically because during the research is intended to examine the relationship between economic growth and public spending. The results revealed a pet 14.98% on average error for all municipalities analyzed, and the power model of explanation was 97.7%, with high reliability. The State of São Paulo presented the highest economic growth among the largest municipalities and the Rio de Janeiro between minors. The evidence suggests that in Brazil's Southeast region for positive influence of public spending on economic growth, with the largest expenditures incurred were in education and health. In addition, by applying the mathematical model, it can be inferred that spending public analyzed, eventually boost GDP municipal and/or state. It follows that public spending have an important role to occur economic growth in the Southeast region of Brazil.

This paper aims to present and discuss the contribution of the Technological Incubator of Guarulhos (TIG) to the development of micro and small technology‐based companies, focused on value creation, resources and capabilities, with the reasoning in the Resource‐Based View. Entrepreneur‐managers in six companies TIG residents were interviewed by means of a standard script with open questions. The responses were processed and analyzed using qualitative methods with the application of the technique of content analysis. The results showed the importance of the contribution of TIG for having undertaken to incubated companies: a) offering innovative products associated with personalized customer service as a differentiator in creating value for them; b) developing the infrastructure and technical knowledge as their tangible and intangible strategic resources; c) developing the capabilities for efficient business management and effective networking in their business sector, allowing the exploitation of market opportunities and reduce threats from competitors. It was also possible to observe aspects of the culture immanent into the development of entrepreneurs, namely the absorption of the strategic vision and business management concepts, and the value given by them as recognition of the support received from TIG.

The goal of this research is to analyze the inclusion of professionals with disabilities in the Oil and Gas industry of Rio de Janeiro, seeking to understand the policies adopted, and initiatives developed by industry companies in the light of affirmative action. The empirical study involved a qualitative social survey conducted with key informants and representatives of the interests of people with disabilities. As a main result, it has concluded that, despite more than two decades after the enactment of the People with Disabilities Quota Law, that inclusion is still seen as an issue for companies in the sector, many of which ignore and/or violate the law, claiming to be impossible to reach the defined quotas.

This paper aims to identify the main characteristics of the Brazilian scientific production and publications on management area regarding to Junior Company (JC) topics, as well as analyze their meaning to the academic formation context. Given the theme importance, we developed a bibliometric research followed by the content analysis in academic publications about the JC thematic on the main management events and journals. A search for the keywords on titles and abstracts from 2004 to 2014 publications was conducted, on which 23 articles were selected. Findings of the bibliometric research indicates that the scientific production on JC fields are poorly developed, showing that this area has much to be explored. The content analysis was conducted though eleven levels of analysis, that reflected the JC meaning as a space where students learn by their experiences, knowledge and skills improved on the junior‘s advisory. Analysis also allowed indicate that one of the main difficulties of EJ is the immaturity and inexperience of its members, as well as the lack of teacher‐advisor to assist in consulting activities.

The governance allows to overcome the challenges of LPA as the forms of cooperation and coordination of joint actions. The participation of actors in the decision‐making process of LPA is an important element to characterize governance, as some research suggests that the development of LPA is directly related to this participation. In this context, the aim of this study was to understand the participation of actors in decision‐making LPA Clothing Muriaé‐MG. A qualitative descriptive character was realized. Primary data was collected through semi‐structured interviews with nineteen actors of LPA, in July 2014 and analyzed by the content analysis technique, with support of NVivo® software. With the research it was found that the company representatives did not participate in the decision‐making process. Contrary to what occurs with the representatives of the entities of which it was perceived greater involvement in the decision making process of LPA. It is concluded that the LPA Clothing Muriaé‐MG, decision‐making is centralized in entities, which features the participation in decision making as incipient. Result that raises interest in investigating other elements such as the mechanisms that may be indicated, suggested or created for the participation of actors from occurring effectively.