Governança corporativa e intermediações financeiras: reflexo da segregação de funções nos custos de transação sobre a operacionalização de crédito bancário

• Autor(a) principal: Setim, Clever Bonifácio
• Data de Publicação: 2016
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Repositório do Centro Universitário Braz Cubas
• Texto Completo: https://repositorio.cruzeirodosul.edu.br/handle/123456789/3036
• topic: Segregação de funções; Governança corporativa; Custos de transação e crédito; CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO

The present study is to examine how the rules of corporate governance, with a focus on segregation of duties, impacts financial intermediation, specifically on bank credit concessions held by a Brazilian financial institution to the customers, the retail segment. The study is developed from the work based on economics of transaction costs, particularly those written by Oliver Williamson. The analysis focuses on transaction costs on the operationalization of the credit agreements on rules of corporate governance of the institution and on impacts that changes in those rules, over the period by years of 2001 to 2014, had about transaction costs related to contracts. The documentary analysis on the institutional documents allowed describe the organizational structure of the institution object of study, its characteristics regarding the corporate governance model adopted, as well to identify the periods in which were promoted significant changes in the process of granting credit. By using longitudinal data, an ARIMA model has been calculated to identify the capacity of the variables to explain the behavior of the data. The transaction costs were estimated considering the time of reception of contracts, number of instances involved, type of instances involved and salary average in each instance. The econometric model generated indicated statistically significant relationship to the variables adoption of new rules, total employees involved and financial losses on credit operations. Thus, it was possible to analyze the impact of changes to the rules of segregation of duties on transaction costs, represented by the operationalization time of the contracts, number of instances involved, type of instances involved and salary average in each instance.