Restoring strategies legitimacy versus CEO personality: case study
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.34624/ei.v0i13.4745 |
Resumo: | This study aims to identify the legitimacy strategies of Suchman's typology (1995) evidenced in the CEO letters of Banco BPN, ascertain whether there is evidence in those documents of narcissistic personality traits of the CEO and how these influenced the way the legitimacy strategies were implemented . The research is based on a case study, BPN, and an analysis of letters from the CEO to shareholders for the period 2001 to 2011 was made. We chose the BPN, because it was a bank that grew very rapidly and due to his bad corporate behavior, was nationalized to preventing its bankruptcy and later sold to Banco BIC. Through content analysis the accounting narratives contained in the CEO letters were analised. Findings show that BPN adopted predominantly strategies to gain legitimacy in the period 2001-2007, and strategies to restore legitimacy in the period until 2010. It is also possible to say that the change occurred in the strategies adopted was due to the occurrence of a negative event that has damaged, deeply, the legitimacy of the organization, not to the CEO change. Despite the legitimacy of strategies have been adopted correctly, the fall of the bank was inevitable. Findings clearly document several factors associated with bank failure, as executive fraud, misleading financial reports, inadequate disclosure, among others. The CEO letters do not show traces of destructive narcissism. |
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Restoring strategies legitimacy versus CEO personality: case studyEstratégias de restauro da legitimidade versus personalidade do CEO: estudo de casoThis study aims to identify the legitimacy strategies of Suchman's typology (1995) evidenced in the CEO letters of Banco BPN, ascertain whether there is evidence in those documents of narcissistic personality traits of the CEO and how these influenced the way the legitimacy strategies were implemented . The research is based on a case study, BPN, and an analysis of letters from the CEO to shareholders for the period 2001 to 2011 was made. We chose the BPN, because it was a bank that grew very rapidly and due to his bad corporate behavior, was nationalized to preventing its bankruptcy and later sold to Banco BIC. Through content analysis the accounting narratives contained in the CEO letters were analised. Findings show that BPN adopted predominantly strategies to gain legitimacy in the period 2001-2007, and strategies to restore legitimacy in the period until 2010. It is also possible to say that the change occurred in the strategies adopted was due to the occurrence of a negative event that has damaged, deeply, the legitimacy of the organization, not to the CEO change. Despite the legitimacy of strategies have been adopted correctly, the fall of the bank was inevitable. Findings clearly document several factors associated with bank failure, as executive fraud, misleading financial reports, inadequate disclosure, among others. The CEO letters do not show traces of destructive narcissism.Este estudo objetiva identificar as estratégias de legitimidade da tipologia de Suchman (1995) evidenciadas nas cartas do CEO do Banco BPN, averiguar se existem evidências nesses documentos de traços de personalidade narcisista do CEO e se esses influenciaram a forma como as estratégias de legitimidade foram implementadas. A investigação é feita com base num estudo de caso, o BPN, e é feita a análise das cartas do CEO aos acionistas referentes ao período 2001 a 2011. Escolheu-se o BPN por ter sido um banco que cresceu muito rapidamente e que devido ao seu mau comportamento corporativo, foi nacionalizado para evitar a sua insolvência e, posteriormente vendido ao Banco BIC. Através da análise de conteúdo foram analisadas as narrativas contabilísticas contidas nas cartas do CEO. Os resultados do estudo mostram que o BPN adota, predominantemente, estratégias para ganhar legitimidade durante o período de 2001-2007, e estratégias para recuperar a legitimidade no período subsequente, até 2010. Também é possível afirmar que a alteração ocorrida nas estratégias adotadas deveu-se à ocorrência de um evento negativo que danificou, profundamente, a legitimidade da organização, e não a mudança do CEO. Apesar das estratégias de legitimidade terem sido adotadas corretamente, a queda do banco foi inevitável. Eram evidentes vários fatores associados à falência bancária, como fraude executiva, relatórios financeiros enganosos, divulgação inadequada, entre outros. As cartas do CEO não evidenciam traços de narcisismo destrutivo.Instituto Superior de Contabilidade e Administração da Universidade de Aveiro2016-01-01T00:00:00Zotherinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/otherinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://doi.org/10.34624/ei.v0i13.4745oai:proa.ua.pt:article/4745Estudos do ISCA; No 13 (2016)Estudos do ISCA; n.º 13 (2016)1646-48500873-2019reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPporhttps://proa.ua.pt/index.php/estudosdoisca/article/view/4745https://doi.org/10.34624/ei.v0i13.4745https://proa.ua.pt/index.php/estudosdoisca/article/view/4745/3540https://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessPereira, Liliana dos Santos2022-09-22T16:24:12Zoai:proa.ua.pt:article/4745Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:59:25.053514Repositório 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 |
Restoring strategies legitimacy versus CEO personality: case study Estratégias de restauro da legitimidade versus personalidade do CEO: estudo de caso |
title |
Restoring strategies legitimacy versus CEO personality: case study |
spellingShingle |
Restoring strategies legitimacy versus CEO personality: case study Pereira, Liliana dos Santos |
title_short |
Restoring strategies legitimacy versus CEO personality: case study |
title_full |
Restoring strategies legitimacy versus CEO personality: case study |
title_fullStr |
Restoring strategies legitimacy versus CEO personality: case study |
title_full_unstemmed |
Restoring strategies legitimacy versus CEO personality: case study |
title_sort |
Restoring strategies legitimacy versus CEO personality: case study |
author |
Pereira, Liliana dos Santos |
author_facet |
Pereira, Liliana dos Santos |
author_role |
author |
dc.contributor.author.fl_str_mv |
Pereira, Liliana dos Santos |
description |
This study aims to identify the legitimacy strategies of Suchman's typology (1995) evidenced in the CEO letters of Banco BPN, ascertain whether there is evidence in those documents of narcissistic personality traits of the CEO and how these influenced the way the legitimacy strategies were implemented . The research is based on a case study, BPN, and an analysis of letters from the CEO to shareholders for the period 2001 to 2011 was made. We chose the BPN, because it was a bank that grew very rapidly and due to his bad corporate behavior, was nationalized to preventing its bankruptcy and later sold to Banco BIC. Through content analysis the accounting narratives contained in the CEO letters were analised. Findings show that BPN adopted predominantly strategies to gain legitimacy in the period 2001-2007, and strategies to restore legitimacy in the period until 2010. It is also possible to say that the change occurred in the strategies adopted was due to the occurrence of a negative event that has damaged, deeply, the legitimacy of the organization, not to the CEO change. Despite the legitimacy of strategies have been adopted correctly, the fall of the bank was inevitable. Findings clearly document several factors associated with bank failure, as executive fraud, misleading financial reports, inadequate disclosure, among others. The CEO letters do not show traces of destructive narcissism. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-01-01T00:00:00Z |
dc.type.driver.fl_str_mv |
other info:eu-repo/semantics/article info:eu-repo/semantics/other |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://doi.org/10.34624/ei.v0i13.4745 oai:proa.ua.pt:article/4745 |
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https://doi.org/10.34624/ei.v0i13.4745 |
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oai:proa.ua.pt:article/4745 |
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por |
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por |
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https://proa.ua.pt/index.php/estudosdoisca/article/view/4745 https://doi.org/10.34624/ei.v0i13.4745 https://proa.ua.pt/index.php/estudosdoisca/article/view/4745/3540 |
dc.rights.driver.fl_str_mv |
https://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
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https://creativecommons.org/licenses/by/4.0/ |
eu_rights_str_mv |
openAccess |
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application/pdf |
dc.publisher.none.fl_str_mv |
Instituto Superior de Contabilidade e Administração da Universidade de Aveiro |
publisher.none.fl_str_mv |
Instituto Superior de Contabilidade e Administração da Universidade de Aveiro |
dc.source.none.fl_str_mv |
Estudos do ISCA; No 13 (2016) Estudos do ISCA; n.º 13 (2016) 1646-4850 0873-2019 reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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