PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas

Detalhes bibliográficos
Autor(a) principal: Francisco Viana e Silva
Data de Publicação: 2005
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Biblioteca Digital de Teses e Dissertações da UFC
Texto Completo: http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=1517
Resumo: The aim of this research is to verify to what extent corporative governance practices influence on value generation to Brazilian stockholders. In Brazil, we highlight the IBGC (Brazilian Institute of Corporate Governance) and the CVM (Brazilian Securities and Exchange Commission) codes. In such context, conflicts generated by the break-up between property and control in the open capital companies have been examined, as well as the need of procedures which might line up the interests between stockholders and business men. This dissertation investigates if the corporate governance structure was important to Brazilian listed companies in 2003 and if the companies more adjusted to the IBGC and CVM recommendations achieved higher market value. Five governance variables were considered: the separation of chief executive officer and chairman positions, board size, the company with diferent levels of corporate governance o in Bovespa (Level 1, Level 2 or New Market), compensation to employees variable to senior executives of company and board independence.
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spelling info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisPrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistasPractical of corporative governance and generation of value to the shareholders2005-05-02Paulo de Melo Jorge Neto35625660344http://lattes.cnpq.br/7568927888412924Ronaldo de Albuquerque e Arraes09170812349http://lattes.cnpq.br/1044002003893499Pichai Chumvichitra00000000000http://lattes.cnpq.br/064877455708200300000000082http://lattes.cnpq.br/4223718684336700Francisco Viana e SilvaUniversidade Federal do CearÃPrograma de PÃs-GraduaÃÃo em Economia - CAENUFCBRpractise of governance commission of movable values CVM stock marketpraticas de governanÃa comissÃo de valores mobiliÃrios CVM mercado de capitaisECONOMIAThe aim of this research is to verify to what extent corporative governance practices influence on value generation to Brazilian stockholders. In Brazil, we highlight the IBGC (Brazilian Institute of Corporate Governance) and the CVM (Brazilian Securities and Exchange Commission) codes. In such context, conflicts generated by the break-up between property and control in the open capital companies have been examined, as well as the need of procedures which might line up the interests between stockholders and business men. This dissertation investigates if the corporate governance structure was important to Brazilian listed companies in 2003 and if the companies more adjusted to the IBGC and CVM recommendations achieved higher market value. Five governance variables were considered: the separation of chief executive officer and chairman positions, board size, the company with diferent levels of corporate governance o in Bovespa (Level 1, Level 2 or New Market), compensation to employees variable to senior executives of company and board independence.O objetivo desse trabalho à verificar a influÃncia das prÃticas de governanÃa corporativa sobre a geraÃÃo de valor aos acionistas brasileiros. No Brasil, destacam-se os cÃdigos do Instituto Brasileiro de GovernanÃa Corporativa (IBGC) e da ComissÃo de Valores MobiliÃrios (CVM). Nesse contexto, estuda os conflitos oriundos da separaÃÃo entre propriedade e controle nas companhias de capital aberto e a necessidade de procedimentos que alinhem os interesses entre acionistas e executivos. Esta dissertaÃÃo investiga se a estrutura de governanÃa corporativa foi relevante para as companhias abertas brasileiras em 2003 e se as companhias adequadas Ãs recomendaÃÃes do IBGC e da CVM alcanÃaram maior valor de mercado. Cinco variÃveis de governanÃa foram consideradas: separaÃÃo dos cargos de diretor executivo e presidente do conselho, tamanho do conselho, companhia participante dos nÃveis diferenciados de governanÃa corporativa da Bovespa (NÃvel 1, NÃvel 2 ou Novo Mercado), existÃncia de remuneraÃÃo variÃvel para os administradores da companhia e independÃncia do conselho.nÃo hÃhttp://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=1517application/pdfinfo:eu-repo/semantics/openAccessporreponame:Biblioteca Digital de Teses e Dissertações da UFCinstname:Universidade Federal do Cearáinstacron:UFC2019-01-21T11:14:31Zmail@mail.com -
dc.title.pt.fl_str_mv PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
dc.title.alternative..fl_str_mv Practical of corporative governance and generation of value to the shareholders
title PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
spellingShingle PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
Francisco Viana e Silva
praticas de governanÃa
comissÃo de valores mobiliÃrios
CVM
mercado de capitais
ECONOMIA
title_short PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
title_full PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
title_fullStr PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
title_full_unstemmed PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
title_sort PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
author Francisco Viana e Silva
author_facet Francisco Viana e Silva
author_role author
dc.contributor.advisor1.fl_str_mv Paulo de Melo Jorge Neto
dc.contributor.advisor1ID.fl_str_mv 35625660344
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/7568927888412924
dc.contributor.referee1.fl_str_mv Ronaldo de Albuquerque e Arraes
dc.contributor.referee1ID.fl_str_mv 09170812349
dc.contributor.referee1Lattes.fl_str_mv http://lattes.cnpq.br/1044002003893499
dc.contributor.referee2.fl_str_mv Pichai Chumvichitra
dc.contributor.referee2ID.fl_str_mv 00000000000
dc.contributor.referee2Lattes.fl_str_mv http://lattes.cnpq.br/0648774557082003
dc.contributor.authorID.fl_str_mv 00000000082
dc.contributor.authorLattes.fl_str_mv http://lattes.cnpq.br/4223718684336700
dc.contributor.author.fl_str_mv Francisco Viana e Silva
contributor_str_mv Paulo de Melo Jorge Neto
Ronaldo de Albuquerque e Arraes
Pichai Chumvichitra
dc.subject.por.fl_str_mv praticas de governanÃa
comissÃo de valores mobiliÃrios
CVM
mercado de capitais
topic praticas de governanÃa
comissÃo de valores mobiliÃrios
CVM
mercado de capitais
ECONOMIA
dc.subject.cnpq.fl_str_mv ECONOMIA
dc.description.sponsorship.fl_txt_mv nÃo hÃ
dc.description.abstract..fl_txt_mv The aim of this research is to verify to what extent corporative governance practices influence on value generation to Brazilian stockholders. In Brazil, we highlight the IBGC (Brazilian Institute of Corporate Governance) and the CVM (Brazilian Securities and Exchange Commission) codes. In such context, conflicts generated by the break-up between property and control in the open capital companies have been examined, as well as the need of procedures which might line up the interests between stockholders and business men. This dissertation investigates if the corporate governance structure was important to Brazilian listed companies in 2003 and if the companies more adjusted to the IBGC and CVM recommendations achieved higher market value. Five governance variables were considered: the separation of chief executive officer and chairman positions, board size, the company with diferent levels of corporate governance o in Bovespa (Level 1, Level 2 or New Market), compensation to employees variable to senior executives of company and board independence.
dc.description.abstract.por.fl_txt_mv O objetivo desse trabalho à verificar a influÃncia das prÃticas de governanÃa corporativa sobre a geraÃÃo de valor aos acionistas brasileiros. No Brasil, destacam-se os cÃdigos do Instituto Brasileiro de GovernanÃa Corporativa (IBGC) e da ComissÃo de Valores MobiliÃrios (CVM). Nesse contexto, estuda os conflitos oriundos da separaÃÃo entre propriedade e controle nas companhias de capital aberto e a necessidade de procedimentos que alinhem os interesses entre acionistas e executivos. Esta dissertaÃÃo investiga se a estrutura de governanÃa corporativa foi relevante para as companhias abertas brasileiras em 2003 e se as companhias adequadas Ãs recomendaÃÃes do IBGC e da CVM alcanÃaram maior valor de mercado. Cinco variÃveis de governanÃa foram consideradas: separaÃÃo dos cargos de diretor executivo e presidente do conselho, tamanho do conselho, companhia participante dos nÃveis diferenciados de governanÃa corporativa da Bovespa (NÃvel 1, NÃvel 2 ou Novo Mercado), existÃncia de remuneraÃÃo variÃvel para os administradores da companhia e independÃncia do conselho.
description The aim of this research is to verify to what extent corporative governance practices influence on value generation to Brazilian stockholders. In Brazil, we highlight the IBGC (Brazilian Institute of Corporate Governance) and the CVM (Brazilian Securities and Exchange Commission) codes. In such context, conflicts generated by the break-up between property and control in the open capital companies have been examined, as well as the need of procedures which might line up the interests between stockholders and business men. This dissertation investigates if the corporate governance structure was important to Brazilian listed companies in 2003 and if the companies more adjusted to the IBGC and CVM recommendations achieved higher market value. Five governance variables were considered: the separation of chief executive officer and chairman positions, board size, the company with diferent levels of corporate governance o in Bovespa (Level 1, Level 2 or New Market), compensation to employees variable to senior executives of company and board independence.
publishDate 2005
dc.date.issued.fl_str_mv 2005-05-02
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
status_str publishedVersion
format masterThesis
dc.identifier.uri.fl_str_mv http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=1517
url http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=1517
dc.language.iso.fl_str_mv por
language por
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.publisher.none.fl_str_mv Universidade Federal do CearÃ
dc.publisher.program.fl_str_mv Programa de PÃs-GraduaÃÃo em Economia - CAEN
dc.publisher.initials.fl_str_mv UFC
dc.publisher.country.fl_str_mv BR
publisher.none.fl_str_mv Universidade Federal do CearÃ
dc.source.none.fl_str_mv reponame:Biblioteca Digital de Teses e Dissertações da UFC
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instname_str Universidade Federal do Ceará
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