The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Contabilidade, Gestão e Governança |
Texto Completo: | https://revistacgg.org/index.php/contabil/article/view/2068 |
Resumo: | Objective: Evaluate the narrative financial reports released by the Brazilian meatpacker JBS SA and identify how the company has sought to influence its information user while coping with its recent corruption scandals. Method: A qualitative analysis of narrative financial reports – Market Notices, Material Facts, Management Report, and Reference Form and Prospects – was carried out for the base year 2017 based on the Legitimacy Theory (Lindblom, 1994).Originality/Relevance: Parameters are shown that could be used by managers, separately or concurrently, intentionally or unintentionally, to achieve, preserve or recover the company’s legitimacy. Mechanisms of manipulation are also shown as used in corporate reports.Results: JBS used Lindblom’s (1994) first legitimacy strategy in all reports, but more frequently in the Material Facts. Such a strategy was used for regulatory and penal reasons (i.e., the Securities and Exchange Commission of Brazil, and the Federal Public Prosecutor’s Office) as JBS acknowledged the impact of the negative event (i.e., the corruption scandals covered by the media) and provided information related to how it has addressed such a legitimacy-threatening problem.Theoretical/Methodological contributions: Lindblom’s (1994) 2nd and 3rd legitimacy strategies were not as frequent (9% and 12,5% respectively) as reported in the literature. Adding to the literature, this study provides a better understanding of financial reporting as an instrument of legitimacy and manipulation within the political and economic environment. |
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The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy StrategiesOs Escândalos De Corrupção Na JBS S.A. E As Estratégias De Legitimidade Organizacional De LindblomLegitimacyStrategiesReportingLindblomJBS.LegitimidadeEstratégiasEvidenciaçãoLindblomJBSObjective: Evaluate the narrative financial reports released by the Brazilian meatpacker JBS SA and identify how the company has sought to influence its information user while coping with its recent corruption scandals. Method: A qualitative analysis of narrative financial reports – Market Notices, Material Facts, Management Report, and Reference Form and Prospects – was carried out for the base year 2017 based on the Legitimacy Theory (Lindblom, 1994).Originality/Relevance: Parameters are shown that could be used by managers, separately or concurrently, intentionally or unintentionally, to achieve, preserve or recover the company’s legitimacy. Mechanisms of manipulation are also shown as used in corporate reports.Results: JBS used Lindblom’s (1994) first legitimacy strategy in all reports, but more frequently in the Material Facts. Such a strategy was used for regulatory and penal reasons (i.e., the Securities and Exchange Commission of Brazil, and the Federal Public Prosecutor’s Office) as JBS acknowledged the impact of the negative event (i.e., the corruption scandals covered by the media) and provided information related to how it has addressed such a legitimacy-threatening problem.Theoretical/Methodological contributions: Lindblom’s (1994) 2nd and 3rd legitimacy strategies were not as frequent (9% and 12,5% respectively) as reported in the literature. Adding to the literature, this study provides a better understanding of financial reporting as an instrument of legitimacy and manipulation within the political and economic environment.Objetivo: Avaliar os relatórios financeiros narrativos da JBS S.A. e identificar como a empresa tem buscado influenciar o usuário da informação frente aos recentes escândalos de corrupção nos quais está envolvida.Método: Com base na Teoria da Legitimidade, realizou-se uma análise qualitativa dos relatórios financeiros narrativos – Comunicados ao Mercado, Fatos Relevantes, Relatório da Administração e Formulário de Referência e Prospectos – para o ano-base 2017, a partir das estratégias de legitimidade propostas por Lindblom (1994).Relevância: Definir parâmetros que poderiam ser usados pelos gestores, isoladamente ou em conjunto, intencionalmente ou não, buscando alcançar, preservar ou recuperar a legitimidade da JBS S.A. Verificar, na evidenciação corporativa, os mecanismos de manipulação da sociedade em geral.Resultados: Identificada em todos os relatórios analisados, mas com maior frequência no relatório Fatos Relevantes, a JBS S.A. utilizou a 1ª estratégia de legitimidade de Lindblom (1994) por força regulatória e penal (i.e., CVM e Ministério Público Federal), quando reconheceu a influência gerada pelo evento negativo (i.e., os escândalos de corrupção divulgados na mídia) e apresentou informações pertinentes à solução o problema que ameaça sua legitimidade. Tal intenção não deliberativa, mas compulsória de a empresa se mostrar alinhada com os valores sociais, mesmo em momento de crises, corrobora os achados de Archel et al. (2009).Contribuições teóricas/metodológicas: Verificou-se pouca frequência das 2ª e 3ª estratégias de legitimidade de Lindblom (1994), contrariando estudos que identificaram a preponderância de ambas, tais como Sancovschi e Silva (2006) e Beuren e Boff (2008). Somando a literatura pré-existente, o presente estudo pode auxiliar no entendimento do ambiente político-econômico no qual a divulgação financeira parece representar um forte instrumento de legitimação.Contabilidade Gestão e Governança2020-12-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://revistacgg.org/index.php/contabil/article/view/206810.51341/1984-3925_2020v23n3a2Contabilidade Gestão e Governança; v. 23 n. 3 (2020); 309-3261984-39251984-3925reponame:Contabilidade, Gestão e Governançainstname:Universidade de Brasília (UnB)instacron:UNBengporhttps://revistacgg.org/index.php/contabil/article/view/2068/PDF_Enhttps://revistacgg.org/index.php/contabil/article/view/2068/PDF_PtCopyright (c) 2020 Revista Contabilidade, Gestão e Governançainfo:eu-repo/semantics/openAccessOliveira, Pablinne de PaulaRodrigues, Fernanda FernandesGuerra, Mariana2022-09-22T08:50:22Zoai:oai.jamg.cloud:article/2068Revistahttp://www.revistacgg.org/index.php/contabilPUBhttps://revistacgg.org/index.php/contabil/oaijamg.cgg@gmail.com1516-70111984-3925opendoar:2022-09-22T08:50:22Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)false |
dc.title.none.fl_str_mv |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies Os Escândalos De Corrupção Na JBS S.A. E As Estratégias De Legitimidade Organizacional De Lindblom |
title |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
spellingShingle |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies Oliveira, Pablinne de Paula Legitimacy Strategies Reporting Lindblom JBS. Legitimidade Estratégias Evidenciação Lindblom JBS |
title_short |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
title_full |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
title_fullStr |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
title_full_unstemmed |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
title_sort |
The JBS Corruption Scandals in Brazil and Lindblom’s Organizational Legitimacy Strategies |
author |
Oliveira, Pablinne de Paula |
author_facet |
Oliveira, Pablinne de Paula Rodrigues, Fernanda Fernandes Guerra, Mariana |
author_role |
author |
author2 |
Rodrigues, Fernanda Fernandes Guerra, Mariana |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Oliveira, Pablinne de Paula Rodrigues, Fernanda Fernandes Guerra, Mariana |
dc.subject.por.fl_str_mv |
Legitimacy Strategies Reporting Lindblom JBS. Legitimidade Estratégias Evidenciação Lindblom JBS |
topic |
Legitimacy Strategies Reporting Lindblom JBS. Legitimidade Estratégias Evidenciação Lindblom JBS |
description |
Objective: Evaluate the narrative financial reports released by the Brazilian meatpacker JBS SA and identify how the company has sought to influence its information user while coping with its recent corruption scandals. Method: A qualitative analysis of narrative financial reports – Market Notices, Material Facts, Management Report, and Reference Form and Prospects – was carried out for the base year 2017 based on the Legitimacy Theory (Lindblom, 1994).Originality/Relevance: Parameters are shown that could be used by managers, separately or concurrently, intentionally or unintentionally, to achieve, preserve or recover the company’s legitimacy. Mechanisms of manipulation are also shown as used in corporate reports.Results: JBS used Lindblom’s (1994) first legitimacy strategy in all reports, but more frequently in the Material Facts. Such a strategy was used for regulatory and penal reasons (i.e., the Securities and Exchange Commission of Brazil, and the Federal Public Prosecutor’s Office) as JBS acknowledged the impact of the negative event (i.e., the corruption scandals covered by the media) and provided information related to how it has addressed such a legitimacy-threatening problem.Theoretical/Methodological contributions: Lindblom’s (1994) 2nd and 3rd legitimacy strategies were not as frequent (9% and 12,5% respectively) as reported in the literature. Adding to the literature, this study provides a better understanding of financial reporting as an instrument of legitimacy and manipulation within the political and economic environment. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-21 |
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 |
https://revistacgg.org/index.php/contabil/article/view/2068 10.51341/1984-3925_2020v23n3a2 |
url |
https://revistacgg.org/index.php/contabil/article/view/2068 |
identifier_str_mv |
10.51341/1984-3925_2020v23n3a2 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/2068/PDF_En https://revistacgg.org/index.php/contabil/article/view/2068/PDF_Pt |
dc.rights.driver.fl_str_mv |
Copyright (c) 2020 Revista Contabilidade, Gestão e Governança info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2020 Revista Contabilidade, Gestão e Governança |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
dc.source.none.fl_str_mv |
Contabilidade Gestão e Governança; v. 23 n. 3 (2020); 309-326 1984-3925 1984-3925 reponame:Contabilidade, Gestão e Governança instname:Universidade de Brasília (UnB) instacron:UNB |
instname_str |
Universidade de Brasília (UnB) |
instacron_str |
UNB |
institution |
UNB |
reponame_str |
Contabilidade, Gestão e Governança |
collection |
Contabilidade, Gestão e Governança |
repository.name.fl_str_mv |
Contabilidade, Gestão e Governança - Universidade de Brasília (UnB) |
repository.mail.fl_str_mv |
jamg.cgg@gmail.com |
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1798315268158521344 |