Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration

Detalhes bibliográficos
Autor(a) principal: Dami, Anamélia Borges Tannus
Data de Publicação: 2023
Outros Autores: Rogers, Pablo, Ribeiro, Kárem Cristina de Sousa
Tipo de documento: Artigo
Idioma: por
Título da fonte: Contextus (Fortaleza. Online)
Texto Completo: http://periodicos.ufc.br/contextus/article/view/88620
Resumo: This study investigates if there are profit differences, market value, structure of capital, risk and size of assets in relation to the degree of ownership concentration of non-financial Brazilian companies trading in Bovespa from 1997 to 2001. For methodological purpose, the degree of ownership concentration was divided into three categories - disperse, dominant and majoritary - and the differences of the investigated variables were analyzed within those categories, through the statistical methods of Parametric Analysis of Variance and Non-parametric Analysis of Variance. One may conclude that there is more ownership concentration in unstable markets because of the dependence relationship between performance and ownership concentration.
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spelling Ownership structure in Brazil: Empirical evidence on the degree of ownership concentrationEstructura de propiedad en Brasil: Evidencia empírica sobre el grado de concentración de la propiedadEstrutura de propriedade no Brasil: Evidências empíricas no grau de concentração acionáriaownership structureownership concentrationparametric analysis of variancestatistical differencesunstable marketsestrutura de propriedadeconcentração acionáriaanálise de variância paramétricadiferenças estatísticasinstabilidade do mercadoestructura de propiedadconcentración de existenciasanálisis paramétrico de varianzadiferencias estadísticasinestabilidad del mercadoThis study investigates if there are profit differences, market value, structure of capital, risk and size of assets in relation to the degree of ownership concentration of non-financial Brazilian companies trading in Bovespa from 1997 to 2001. For methodological purpose, the degree of ownership concentration was divided into three categories - disperse, dominant and majoritary - and the differences of the investigated variables were analyzed within those categories, through the statistical methods of Parametric Analysis of Variance and Non-parametric Analysis of Variance. One may conclude that there is more ownership concentration in unstable markets because of the dependence relationship between performance and ownership concentration.Este estudio investiga si existen diferencias en la rentabilidad, el valor de mercado, la estructura de capital, el riesgo y el tamaño de los activos en relación con el grado de concentración de la propiedad de las empresas brasileñas no financieras que cotizan en Bovespa entre los años 1997-2001. Como metodología, el grado de la concentración de propiedad se dividió en tres categorías – dispersa, dominante y mayoritaria – y las diferencias de las variables investigadas entre estas categorías se analizaron utilizando los métodos estadísticos de Análisis de Varianza Paramétrico y No Paramétrico. Se concluye que en mercados inestables existe una mayor concentración de la propiedad debido a la relación de dependencia entre el desempeño y la concentración accionaria.Este estudo investiga se existem diferenças de rentabilidade, valor de mercado, estrutura de capital, risco e tamanho do ativo em relação ao grau de concentração acionária de empresas brasileiras não-financeiras, listadas na Bovespa, entre os anos de 1997 a 2001. Como metodologia o grau de concentração acionária foi dividido em três categorias – dispersa, dominante e majoritária – e analisaram-se as diferenças das variáveis investigadas entre essas categorias, pelos métodos estatísticos de Análise de Variância Paramétrica e Não-Paramétrica. Conclui-se que em mercados instáveis há maior concentração de propriedade pela relação de dependência entre performance e concentração acionária.FEAAC/UFC2023-11-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/ziphttp://periodicos.ufc.br/contextus/article/view/8862010.19094/contextus.2023.88620Contextus - Contemporary Journal of Economics and Management; Vol. 21 No. 20 anos (2023): Commemorative Edition - 20 years of Contextus; e88620Contextus – Revista Contemporánea de Economía y Gestión; Vol. 21 Núm. 20 anos (2023): Edición Conmemorativa - 20 años de Contextus; e88620Contextus – Revista Contemporânea de Economia e Gestão; v. 21 n. 20 anos (2023): Edição Comemorativa - 20 anos da Contextus; e886202178-92581678-2089reponame:Contextus (Fortaleza. Online)instname:Universidade Federal do Ceará (UFC)instacron:UFCporhttp://periodicos.ufc.br/contextus/article/view/88620/249723http://periodicos.ufc.br/contextus/article/view/88620/249823http://periodicos.ufc.br/contextus/article/view/88620/249837http://periodicos.ufc.br/contextus/article/view/88620/249838http://periodicos.ufc.br/contextus/article/view/88620/249839Copyright (c) 2023 Revista: apenas para a 1a. publicaçãohttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessDami, Anamélia Borges TannusRogers, PabloRibeiro, Kárem Cristina de Sousa2024-01-24T19:19:18Zoai:periodicos.ufc:article/88620Revistahttp://periodicos.ufc.br/contextusPUBhttp://periodicos.ufc.br/contextus/oairevistacontextus@ufc.br2178-92581678-2089opendoar:2024-01-24T19:19:18Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
Estructura de propiedad en Brasil: Evidencia empírica sobre el grado de concentración de la propiedad
Estrutura de propriedade no Brasil: Evidências empíricas no grau de concentração acionária
title Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
spellingShingle Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
Dami, Anamélia Borges Tannus
ownership structure
ownership concentration
parametric analysis of variance
statistical differences
unstable markets
estrutura de propriedade
concentração acionária
análise de variância paramétrica
diferenças estatísticas
instabilidade do mercado
estructura de propiedad
concentración de existencias
análisis paramétrico de varianza
diferencias estadísticas
inestabilidad del mercado
title_short Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
title_full Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
title_fullStr Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
title_full_unstemmed Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
title_sort Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
author Dami, Anamélia Borges Tannus
author_facet Dami, Anamélia Borges Tannus
Rogers, Pablo
Ribeiro, Kárem Cristina de Sousa
author_role author
author2 Rogers, Pablo
Ribeiro, Kárem Cristina de Sousa
author2_role author
author
dc.contributor.author.fl_str_mv Dami, Anamélia Borges Tannus
Rogers, Pablo
Ribeiro, Kárem Cristina de Sousa
dc.subject.por.fl_str_mv ownership structure
ownership concentration
parametric analysis of variance
statistical differences
unstable markets
estrutura de propriedade
concentração acionária
análise de variância paramétrica
diferenças estatísticas
instabilidade do mercado
estructura de propiedad
concentración de existencias
análisis paramétrico de varianza
diferencias estadísticas
inestabilidad del mercado
topic ownership structure
ownership concentration
parametric analysis of variance
statistical differences
unstable markets
estrutura de propriedade
concentração acionária
análise de variância paramétrica
diferenças estatísticas
instabilidade do mercado
estructura de propiedad
concentración de existencias
análisis paramétrico de varianza
diferencias estadísticas
inestabilidad del mercado
description This study investigates if there are profit differences, market value, structure of capital, risk and size of assets in relation to the degree of ownership concentration of non-financial Brazilian companies trading in Bovespa from 1997 to 2001. For methodological purpose, the degree of ownership concentration was divided into three categories - disperse, dominant and majoritary - and the differences of the investigated variables were analyzed within those categories, through the statistical methods of Parametric Analysis of Variance and Non-parametric Analysis of Variance. One may conclude that there is more ownership concentration in unstable markets because of the dependence relationship between performance and ownership concentration.
publishDate 2023
dc.date.none.fl_str_mv 2023-11-01
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 http://periodicos.ufc.br/contextus/article/view/88620
10.19094/contextus.2023.88620
url http://periodicos.ufc.br/contextus/article/view/88620
identifier_str_mv 10.19094/contextus.2023.88620
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv http://periodicos.ufc.br/contextus/article/view/88620/249723
http://periodicos.ufc.br/contextus/article/view/88620/249823
http://periodicos.ufc.br/contextus/article/view/88620/249837
http://periodicos.ufc.br/contextus/article/view/88620/249838
http://periodicos.ufc.br/contextus/article/view/88620/249839
dc.rights.driver.fl_str_mv Copyright (c) 2023 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/zip
dc.publisher.none.fl_str_mv FEAAC/UFC
publisher.none.fl_str_mv FEAAC/UFC
dc.source.none.fl_str_mv Contextus - Contemporary Journal of Economics and Management; Vol. 21 No. 20 anos (2023): Commemorative Edition - 20 years of Contextus; e88620
Contextus – Revista Contemporánea de Economía y Gestión; Vol. 21 Núm. 20 anos (2023): Edición Conmemorativa - 20 años de Contextus; e88620
Contextus – Revista Contemporânea de Economia e Gestão; v. 21 n. 20 anos (2023): Edição Comemorativa - 20 anos da Contextus; e88620
2178-9258
1678-2089
reponame:Contextus (Fortaleza. Online)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Contextus (Fortaleza. Online)
collection Contextus (Fortaleza. Online)
repository.name.fl_str_mv Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv revistacontextus@ufc.br
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