Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , |
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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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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1798045750979985408 |