Theoretical considerations on corporate governance in the third sector in the agency theory perspective

Detalhes bibliográficos
Autor(a) principal: Lacruz, Adonai José
Data de Publicação: 2020
Tipo de documento: Artigo
Idioma: por
eng
Título da fonte: Cadernos EBAPE.BR
DOI: 10.1590/1679-395120190007
Texto Completo: https://periodicos.fgv.br/cadernosebape/article/view/81803
Resumo: This article presents a literature review on corporate governance of Non-Governmental Organizations (NGOs) using the agency theory approach, especially aligned to the context of the Brazilian third sector, considering NGO (agent) contracting by the donor (principal) for sponsored projects development. The aim is to understand the relationship between NGOs and donors and contribute to the development of future research. The fundamentals of agency theory are often incompletely addressed by overlapping corporate governance with the context of the third sector. The assumptions and concepts of agency theory were extrapolated for the Brazilian third sector. As a result, it is possible to say that the mismatch of planning horizons between the principal (donor) and agent (NGO) occurs inversely when comparing the phenomenon in the third sector with the general rule observed in business organizations. Also, the study identified that there are agency costs related to residual losses in the third sector, originating problems of property agency versus property management. The structuring of corporate governance in the third sector from the agency theory perspective allowed the formulation of relations that complement the generalities of the theory, contributing to better understand its application and to propose a research agenda.
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spelling Theoretical considerations on corporate governance in the third sector in the agency theory perspectiveConsideraciones teóricas sobre la gobernanza corporativa en el tercer sector desde la perspectiva de la teoría de la agenciaConsiderações teóricas sobre governança corporativa no terceiro setor à luz da teoria da agênciaCorporate governance. Agency theory. Third sector. Non-governmental organization.Gobernanza corporativa. Teoría de la agencia. Tercer sector. Organización no gubernamental.Governança corporativa. Teoria da agência. Terceiro setor. Organização Não Governamental.This article presents a literature review on corporate governance of Non-Governmental Organizations (NGOs) using the agency theory approach, especially aligned to the context of the Brazilian third sector, considering NGO (agent) contracting by the donor (principal) for sponsored projects development. The aim is to understand the relationship between NGOs and donors and contribute to the development of future research. The fundamentals of agency theory are often incompletely addressed by overlapping corporate governance with the context of the third sector. The assumptions and concepts of agency theory were extrapolated for the Brazilian third sector. As a result, it is possible to say that the mismatch of planning horizons between the principal (donor) and agent (NGO) occurs inversely when comparing the phenomenon in the third sector with the general rule observed in business organizations. Also, the study identified that there are agency costs related to residual losses in the third sector, originating problems of property agency versus property management. The structuring of corporate governance in the third sector from the agency theory perspective allowed the formulation of relations that complement the generalities of the theory, contributing to better understand its application and to propose a research agenda.En este estudio teórico se presenta una revisión de literatura sobre la gobernanza corporativa de las organizaciones no gubernamentales (ONG) desde la perspectiva de la teoría de la agencia, especialmente alineando los conceptos con el contexto del tercer sector brasileño y la contratación de la ONG (agente) por parte del donante (principal) para el desarrollo de proyectos patrocinados, con el fin de comprender la relación entre las ONG y los donantes y contribuir al desarrollo de futuras investigaciones. Los fundamentos de la teoría de la agencia a menudo se abordan de manera incompleta al superponer la gobernanza corporativa al contexto del tercer sector. Los supuestos y conceptos de la teoría de la agencia se extrapolaron al entorno del tercer sector en Brasil. Como resultado, se puede destacar que la suposición de la incompatibilidad entre los horizontes de planificación entre el principal (donante) y el agente (ONG) se produce de manera inversa en el tercer sector a lo asumido como regla general para las organizaciones empresariales y el reconocimiento de los costos de la agencia relacionados con las pérdidas residuales, de los cuales surgen problemas de agencia de naturaleza de propiedad contra gestión también en el contexto del tercer sector. La estructuración de la gobernanza corporativa en el tercer sector desde la perspectiva de la teoría de la agencia permitió la formulación de relaciones que complementan las generalidades de la teoría, contribuyendo a una mejor comprensión de su aplicación y proponiendo una agenda de investigación.Apresenta-se neste artigo uma revisão da literatura sobre governança corporativa em Organizações Não Governamentais (ONGs) sob a perspectiva analítica da teoria da agência, em especial alinhando os conceitos ao contexto do terceiro setor brasileiro e à relação de agência na qual o doador (principal) contrata a ONG (agente) para o desenvolvimento de projeto por meio da doação de recursos vinculados. Espera-se, com isso, contribuir para o melhor entendimento da relação entre ONGs e doadores e para o desenvolvimento de futuras pesquisas. Os fundamentos da teoria da agência são muitas vezes abordados de forma incompleta, quando a governança corporativa é sobreposta ao contexto do terceiro setor. Assim, foram extrapolados os pressupostos e conceitos para o ambiente do terceiro setor no Brasil. Como resultados podem-se destacar a proposição de que o pressuposto da incompatibilidade de horizontes de planejamento entre principal (doador) e agente (ONG) ocorre de forma inversa no terceiro setor ao assumido como regra geral para organizações empresariais e o reconhecimento de custos de agência relacionados às perdas residuais, dos quais decorrem problemas de agência de natureza propriedade x gestão também no ambiente do terceiro setor. Assim, a estruturação da governança corporativa no terceiro setor sob a perspectiva da teoria da agência permitiu formular relações que complementam as generalidades da teoria, contribuindo para o melhor entendimento da sua aplicação, bem como para a proposição de uma agenda de pesquisa.Escola Brasileira de AdEscola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas (FGV EBAPE)2020-06-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://periodicos.fgv.br/cadernosebape/article/view/8180310.1590/1679-395120190007Cadernos EBAPE.BR; Vol. 18 No. 3 (2020); 473-485Cadernos EBAPE.BR; Vol. 18 Núm. 3 (2020); 473-485Cadernos EBAPE.BR; v. 18 n. 3 (2020); 473-4851679-3951reponame:Cadernos EBAPE.BRinstname:Fundação Getulio Vargas (FGV)instacron:FGVporenghttps://periodicos.fgv.br/cadernosebape/article/view/81803/77992https://periodicos.fgv.br/cadernosebape/article/view/81803/77995Copyright (c) 2020 Cadernos EBAPE.BRinfo:eu-repo/semantics/openAccessLacruz, Adonai José2022-07-08T19:31:56Zoai:ojs.periodicos.fgv.br:article/81803Revistahttps://periodicos.fgv.br/cadernosebapePRIhttps://periodicos.fgv.br/cadernosebape/oaicadernosebape@fgv.br||cadernosebape@fgv.br1679-39511679-3951opendoar:2022-07-08T19:31:56Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Theoretical considerations on corporate governance in the third sector in the agency theory perspective
Consideraciones teóricas sobre la gobernanza corporativa en el tercer sector desde la perspectiva de la teoría de la agencia
Considerações teóricas sobre governança corporativa no terceiro setor à luz da teoria da agência
title Theoretical considerations on corporate governance in the third sector in the agency theory perspective
spellingShingle Theoretical considerations on corporate governance in the third sector in the agency theory perspective
Theoretical considerations on corporate governance in the third sector in the agency theory perspective
Lacruz, Adonai José
Corporate governance. Agency theory. Third sector. Non-governmental organization.
Gobernanza corporativa. Teoría de la agencia. Tercer sector. Organización no gubernamental.
Governança corporativa. Teoria da agência. Terceiro setor. Organização Não Governamental.
Lacruz, Adonai José
Corporate governance. Agency theory. Third sector. Non-governmental organization.
Gobernanza corporativa. Teoría de la agencia. Tercer sector. Organización no gubernamental.
Governança corporativa. Teoria da agência. Terceiro setor. Organização Não Governamental.
title_short Theoretical considerations on corporate governance in the third sector in the agency theory perspective
title_full Theoretical considerations on corporate governance in the third sector in the agency theory perspective
title_fullStr Theoretical considerations on corporate governance in the third sector in the agency theory perspective
Theoretical considerations on corporate governance in the third sector in the agency theory perspective
title_full_unstemmed Theoretical considerations on corporate governance in the third sector in the agency theory perspective
Theoretical considerations on corporate governance in the third sector in the agency theory perspective
title_sort Theoretical considerations on corporate governance in the third sector in the agency theory perspective
author Lacruz, Adonai José
author_facet Lacruz, Adonai José
Lacruz, Adonai José
author_role author
dc.contributor.author.fl_str_mv Lacruz, Adonai José
dc.subject.por.fl_str_mv Corporate governance. Agency theory. Third sector. Non-governmental organization.
Gobernanza corporativa. Teoría de la agencia. Tercer sector. Organización no gubernamental.
Governança corporativa. Teoria da agência. Terceiro setor. Organização Não Governamental.
topic Corporate governance. Agency theory. Third sector. Non-governmental organization.
Gobernanza corporativa. Teoría de la agencia. Tercer sector. Organización no gubernamental.
Governança corporativa. Teoria da agência. Terceiro setor. Organização Não Governamental.
description This article presents a literature review on corporate governance of Non-Governmental Organizations (NGOs) using the agency theory approach, especially aligned to the context of the Brazilian third sector, considering NGO (agent) contracting by the donor (principal) for sponsored projects development. The aim is to understand the relationship between NGOs and donors and contribute to the development of future research. The fundamentals of agency theory are often incompletely addressed by overlapping corporate governance with the context of the third sector. The assumptions and concepts of agency theory were extrapolated for the Brazilian third sector. As a result, it is possible to say that the mismatch of planning horizons between the principal (donor) and agent (NGO) occurs inversely when comparing the phenomenon in the third sector with the general rule observed in business organizations. Also, the study identified that there are agency costs related to residual losses in the third sector, originating problems of property agency versus property management. The structuring of corporate governance in the third sector from the agency theory perspective allowed the formulation of relations that complement the generalities of the theory, contributing to better understand its application and to propose a research agenda.
publishDate 2020
dc.date.none.fl_str_mv 2020-06-30
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/cadernosebape/article/view/81803
10.1590/1679-395120190007
url https://periodicos.fgv.br/cadernosebape/article/view/81803
identifier_str_mv 10.1590/1679-395120190007
dc.language.iso.fl_str_mv por
eng
language por
eng
dc.relation.none.fl_str_mv https://periodicos.fgv.br/cadernosebape/article/view/81803/77992
https://periodicos.fgv.br/cadernosebape/article/view/81803/77995
dc.rights.driver.fl_str_mv Copyright (c) 2020 Cadernos EBAPE.BR
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Cadernos EBAPE.BR
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Escola Brasileira de AdEscola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas (FGV EBAPE)
publisher.none.fl_str_mv Escola Brasileira de AdEscola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas (FGV EBAPE)
dc.source.none.fl_str_mv Cadernos EBAPE.BR; Vol. 18 No. 3 (2020); 473-485
Cadernos EBAPE.BR; Vol. 18 Núm. 3 (2020); 473-485
Cadernos EBAPE.BR; v. 18 n. 3 (2020); 473-485
1679-3951
reponame:Cadernos EBAPE.BR
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Cadernos EBAPE.BR
collection Cadernos EBAPE.BR
repository.name.fl_str_mv Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv cadernosebape@fgv.br||cadernosebape@fgv.br
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dc.identifier.doi.none.fl_str_mv 10.1590/1679-395120190007

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