Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência

Detalhes bibliográficos
Autor(a) principal: Mano, Joaquim Chacur Biasotto
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/32488
Resumo: This paper analyzes the corporate governance of pension plan investment funds, to determine if their relevant corporate governance structures are efficient. This paper's theorical framework is agency theory, which discusses the problems caused by the separation of decision (control) and risk-bearing (ownership) functions. Pursuant to agency theory, ineffective governance structures result in agency problems which, at their most benign level, may result in poor investment decisions, but, at higher levels, can lead to serious losses to investors due to misconducts carried out by the management. To study this problem, this paper reviews Brazilian Law concerning governance of pension plan investment funds to assess whether it imposes an optimal governance structure to such funds, according to agency theory.
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spelling Mano, Joaquim Chacur BiasottoEscolas::DIREITO RIORibeiro, Leandro MolhanoDias, Luciana PiresIbrahim, Fábio ZambittePorto, Antônio José Maristrello2022-09-12T19:59:36Z2022-09-12T19:59:36ZMANO, Joaquim Chacur Biasotto. Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência. 110 p. Dissertação (Mestrado) – Escola de Direito do Rio de Janeiro da Fundação Getulio Vargas, Rio de Janeiro, 2022.https://hdl.handle.net/10438/32488This paper analyzes the corporate governance of pension plan investment funds, to determine if their relevant corporate governance structures are efficient. This paper's theorical framework is agency theory, which discusses the problems caused by the separation of decision (control) and risk-bearing (ownership) functions. Pursuant to agency theory, ineffective governance structures result in agency problems which, at their most benign level, may result in poor investment decisions, but, at higher levels, can lead to serious losses to investors due to misconducts carried out by the management. To study this problem, this paper reviews Brazilian Law concerning governance of pension plan investment funds to assess whether it imposes an optimal governance structure to such funds, according to agency theory.Este estudo analisa as entidades fechadas de previdência complementar, visando verificar se as suas estruturas de governança corporativa são eficientes. O referencial teórico do trabalho é a teoria da agência, cuja escolha se justifica na medida em que esta analisa os problemas que costumam surgir da separação entre propriedade e gestão. Segundo a teoria, uma governança ineficiente gera problemas que, em níveis mais brandos, acarretam má performance de investimentos, mas, em níveis extremos, podem causar graves danos a investidores, em razão de má conduta dos administradores. Em uma primeira etapa, analisa-se o arcabouço normativo que rege as entidades fechadas de previdência complementar, visando identificar se as regras impõem a adoção de estruturas de governança eficientes para tais entidades. Em um segundo momento, procede-se à análise das regras de governança corporativa dos maiores fundos de pensão do País, investigando em que medida seus estatutos sociais e outros documentos internos de gestão criam as estruturas que podem ser consideradas ineficientes do ponto de vista da teoria da agência.porCDD;341.6251RegulationPension Plans Investments FundsGovernanceAgency theoryAgency problemsRegulaçãoFundos de PensãoGovernançaTeoria da AgênciaProblemas de AgênciaDireitoFundos de pensão - Administração - BrasilDireito regulatórioPrevidência privada - BrasilAgências reguladoras de atividades privadasAnálise das entidades fechadas de previdência complementar sob a ótica da teoria da agênciainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis2022-02-22info:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas 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dc.title.por.fl_str_mv Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
title Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
spellingShingle Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
Mano, Joaquim Chacur Biasotto
Regulation
Pension Plans Investments Funds
Governance
Agency theory
Agency problems
Regulação
Fundos de Pensão
Governança
Teoria da Agência
Problemas de Agência
Direito
Fundos de pensão - Administração - Brasil
Direito regulatório
Previdência privada - Brasil
Agências reguladoras de atividades privadas
title_short Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
title_full Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
title_fullStr Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
title_full_unstemmed Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
title_sort Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência
author Mano, Joaquim Chacur Biasotto
author_facet Mano, Joaquim Chacur Biasotto
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::DIREITO RIO
dc.contributor.member.none.fl_str_mv Ribeiro, Leandro Molhano
Dias, Luciana Pires
Ibrahim, Fábio Zambitte
dc.contributor.author.fl_str_mv Mano, Joaquim Chacur Biasotto
dc.contributor.advisor1.fl_str_mv Porto, Antônio José Maristrello
contributor_str_mv Porto, Antônio José Maristrello
dc.subject.eng.fl_str_mv Regulation
Pension Plans Investments Funds
Governance
Agency theory
Agency problems
topic Regulation
Pension Plans Investments Funds
Governance
Agency theory
Agency problems
Regulação
Fundos de Pensão
Governança
Teoria da Agência
Problemas de Agência
Direito
Fundos de pensão - Administração - Brasil
Direito regulatório
Previdência privada - Brasil
Agências reguladoras de atividades privadas
dc.subject.por.fl_str_mv Regulação
Fundos de Pensão
Governança
Teoria da Agência
Problemas de Agência
dc.subject.area.por.fl_str_mv Direito
dc.subject.bibliodata.por.fl_str_mv Fundos de pensão - Administração - Brasil
Direito regulatório
Previdência privada - Brasil
Agências reguladoras de atividades privadas
description This paper analyzes the corporate governance of pension plan investment funds, to determine if their relevant corporate governance structures are efficient. This paper's theorical framework is agency theory, which discusses the problems caused by the separation of decision (control) and risk-bearing (ownership) functions. Pursuant to agency theory, ineffective governance structures result in agency problems which, at their most benign level, may result in poor investment decisions, but, at higher levels, can lead to serious losses to investors due to misconducts carried out by the management. To study this problem, this paper reviews Brazilian Law concerning governance of pension plan investment funds to assess whether it imposes an optimal governance structure to such funds, according to agency theory.
publishDate 2022
dc.date.accessioned.fl_str_mv 2022-09-12T19:59:36Z
dc.date.available.fl_str_mv 2022-09-12T19:59:36Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv MANO, Joaquim Chacur Biasotto. Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência. 110 p. Dissertação (Mestrado) – Escola de Direito do Rio de Janeiro da Fundação Getulio Vargas, Rio de Janeiro, 2022.
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/32488
identifier_str_mv MANO, Joaquim Chacur Biasotto. Análise das entidades fechadas de previdência complementar sob a ótica da teoria da agência. 110 p. Dissertação (Mestrado) – Escola de Direito do Rio de Janeiro da Fundação Getulio Vargas, Rio de Janeiro, 2022.
url https://hdl.handle.net/10438/32488
dc.language.iso.fl_str_mv por
language por
dc.relation.ispartofseries.none.fl_str_mv CDD;341.6251
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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https://repositorio.fgv.br/bitstreams/c49daad3-0c0c-46ef-880d-0ea9b3b00b3a/download
bitstream.checksum.fl_str_mv 710000a041fda2cfeae029b0eeca63cb
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046b4483fec753c18078e9ecd2ac194c
4e3796c3cf21ceeeff0579b3f760fc5f
4e3796c3cf21ceeeff0579b3f760fc5f
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
MD5
MD5
MD5
repository.name.fl_str_mv Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv
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