Political connections and firm performance: evidence from Brazil

Detalhes bibliográficos
Autor(a) principal: Saúde, Gonçalo Murteira Brito
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/73197
Resumo: This paper studies the influence of politically connected Board of Directors on Brazilian firms’ future performance. We control for the drivers of firm performance on the Brazilian market, the influence of a political related Board of Director’s member on future firm performance and the differences of this influence between outperforming and underperforming companies. Using a sample of 49 ibovespa companies’ Board of Directors from 2010 to 2015 we conclude that politically connected members of the Board have a positive influence on the one-year-ahead firm performance. We also conclude that this influence is stronger in companies that underperform the industry.
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spelling Political connections and firm performance: evidence from BrazilPolitical connectionsFirm performanceBoard of directorsCorporate governanceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper studies the influence of politically connected Board of Directors on Brazilian firms’ future performance. We control for the drivers of firm performance on the Brazilian market, the influence of a political related Board of Director’s member on future firm performance and the differences of this influence between outperforming and underperforming companies. Using a sample of 49 ibovespa companies’ Board of Directors from 2010 to 2015 we conclude that politically connected members of the Board have a positive influence on the one-year-ahead firm performance. We also conclude that this influence is stronger in companies that underperform the industry.Leite, António NogueiraSampaio, JoelsonRUNSaúde, Gonçalo Murteira Brito2019-06-21T09:15:47Z2019-01-182019-01-18T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/73197TID:202226638enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:33:55Zoai:run.unl.pt:10362/73197Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:35:18.031290Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Political connections and firm performance: evidence from Brazil
title Political connections and firm performance: evidence from Brazil
spellingShingle Political connections and firm performance: evidence from Brazil
Saúde, Gonçalo Murteira Brito
Political connections
Firm performance
Board of directors
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Political connections and firm performance: evidence from Brazil
title_full Political connections and firm performance: evidence from Brazil
title_fullStr Political connections and firm performance: evidence from Brazil
title_full_unstemmed Political connections and firm performance: evidence from Brazil
title_sort Political connections and firm performance: evidence from Brazil
author Saúde, Gonçalo Murteira Brito
author_facet Saúde, Gonçalo Murteira Brito
author_role author
dc.contributor.none.fl_str_mv Leite, António Nogueira
Sampaio, Joelson
RUN
dc.contributor.author.fl_str_mv Saúde, Gonçalo Murteira Brito
dc.subject.por.fl_str_mv Political connections
Firm performance
Board of directors
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Political connections
Firm performance
Board of directors
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper studies the influence of politically connected Board of Directors on Brazilian firms’ future performance. We control for the drivers of firm performance on the Brazilian market, the influence of a political related Board of Director’s member on future firm performance and the differences of this influence between outperforming and underperforming companies. Using a sample of 49 ibovespa companies’ Board of Directors from 2010 to 2015 we conclude that politically connected members of the Board have a positive influence on the one-year-ahead firm performance. We also conclude that this influence is stronger in companies that underperform the industry.
publishDate 2019
dc.date.none.fl_str_mv 2019-06-21T09:15:47Z
2019-01-18
2019-01-18T00:00:00Z
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.uri.fl_str_mv http://hdl.handle.net/10362/73197
TID:202226638
url http://hdl.handle.net/10362/73197
identifier_str_mv TID:202226638
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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