PrÃticas de governanÃa corporativa e geraÃÃo de valor aos acionistas
Autor(a) principal: | |
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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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Biblioteca Digital de Teses e Dissertações da UFC |
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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 hà |
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 Cearà |
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 Cearà |
dc.source.none.fl_str_mv |
reponame:Biblioteca Digital de Teses e Dissertações da UFC instname:Universidade Federal do Ceará instacron:UFC |
reponame_str |
Biblioteca Digital de Teses e Dissertações da UFC |
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Biblioteca Digital de Teses e Dissertações da UFC |
instname_str |
Universidade Federal do Ceará |
instacron_str |
UFC |
institution |
UFC |
repository.name.fl_str_mv |
-
|
repository.mail.fl_str_mv |
mail@mail.com |
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1643295119367995392 |