Da crise à oportunidade: o papel contingente da folga organizacional
Autor(a) principal: | |
---|---|
Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Biblioteca Digital de Teses e Dissertações do UNIOESTE |
Texto Completo: | http://tede.unioeste.br/handle/tede/4789 |
Resumo: | In this research, financial slack is considered as a resource under the management's criterion, which can assume a contingent role to respond to discontinuities in the environment, create innovation and change and, trus, improve a company's response to environmental changes. During the growth process of companies, the emergence of slack is natural, and necessary, leading economic agents to decide in what type of assets these idle resources will be allocated, bearing in mind that, once allocated, they will have different liquidity and profitability attributes. This decision becomes even more important, when the economic environment where the companies are located, presents great instability. Thus, the objective of this research was to measure the probability of each type of organizational slack, to contribute to the better performance of companies, when they face periods in crisis and growth. With accounting data from 281 publicly traded Brazilian companies, from the first quarter of 2007 to the first quarter of 2019 (n = 13,769 observations), the results of the binary response regression models for panel data indicated that in times of crisis, the chances obtaining better performance are reduced, on average, 0.09 times. However, the moderating effect of the crisis on the relationship between slack and performance was not statistically significant, leading to the non-acceptance of the first research hypothesis. Companies with greater investment opportunities, contrary to what was expected, had their chances reduced by up to 85.43%, but, when they have higher levels of available slack and recoverable slack, the chances of obtaining a performance above the expected, can increase up to 115 and 47.15 times respectively. The results suggest that the available slack is the best type of organizational slack to be maintained by the companies, while the recoverable and potential slack should be avoided, unless they have great investment opportunities, in this case, a certain level of recoverable slack can also be maintained. |
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Araújo, Maria da PiedadeToigo, Leandro Augustohttp://lattes.cnpq.br/3973674128626084Barros, Claudio Marcelo Edwardshttp://lattes.cnpq.br/8486915444145984http://lattes.cnpq.br/6500832531155310Silva, Adriano Cavalcante da2020-04-30T16:46:06Z2019-12-16SILVA, Adriano Cavalcante da. Da crise à oportunidade: o papel contingente da folga organizacional. 2019. 116 f. Dissertação( Mestrado em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel PR .http://tede.unioeste.br/handle/tede/4789In this research, financial slack is considered as a resource under the management's criterion, which can assume a contingent role to respond to discontinuities in the environment, create innovation and change and, trus, improve a company's response to environmental changes. During the growth process of companies, the emergence of slack is natural, and necessary, leading economic agents to decide in what type of assets these idle resources will be allocated, bearing in mind that, once allocated, they will have different liquidity and profitability attributes. This decision becomes even more important, when the economic environment where the companies are located, presents great instability. Thus, the objective of this research was to measure the probability of each type of organizational slack, to contribute to the better performance of companies, when they face periods in crisis and growth. With accounting data from 281 publicly traded Brazilian companies, from the first quarter of 2007 to the first quarter of 2019 (n = 13,769 observations), the results of the binary response regression models for panel data indicated that in times of crisis, the chances obtaining better performance are reduced, on average, 0.09 times. However, the moderating effect of the crisis on the relationship between slack and performance was not statistically significant, leading to the non-acceptance of the first research hypothesis. Companies with greater investment opportunities, contrary to what was expected, had their chances reduced by up to 85.43%, but, when they have higher levels of available slack and recoverable slack, the chances of obtaining a performance above the expected, can increase up to 115 and 47.15 times respectively. The results suggest that the available slack is the best type of organizational slack to be maintained by the companies, while the recoverable and potential slack should be avoided, unless they have great investment opportunities, in this case, a certain level of recoverable slack can also be maintained.Nesta pesquisa, a folga financeira é considerada como um recurso sob o critério da administração, que pode assumir um papel contingencial para responder a descontinuidades no ambiente, criar inovação e mudança e, assim, melhorar a resposta de uma empresa a mudanças ambientais. Durante o processo de crescimento das empresas, o surgimento da folga é natural, e necessária, levando os agentes econômicos a decidirem em que tipo de ativos esses recursos ociosos serão alocados, tendo em mente que, uma vez alocados, eles apresentarão atributos diferentes de liquidez e rentabilidade. Essa decisão se torna ainda mais importante, quando o ambiente econômico onde as empresas estão inseridas, apresenta grande instabilidade. Desta forma, o objetivo desta pesquisa foi mensurar a probabilidade de cada tipo de folga organizacional, contribuir para o melhor desempenho das empresas, quando estas enfrentam períodos de crise e de crescimento. Com dados contábeis de 281 empresas brasileiras de capital aberto, do primeiro trimestre de 2007 ao primeiro trimestre de 2019 (n = 13.769 observações), os resultados dos modelos de regressão de resposta binária para dados em painel indicaram que em períodos de crise, as chances de se obter um melhor desempenho são reduzidas, em média, 0,09 vezes. No entanto, o efeito moderador da crise, na relação entre folga e desempenho não obteve significância estatística levando a não aceitação da primeira hipótese de pesquisa. As empresas com maiores oportunidades de investimentos, ao contrário do que se esperava, tiveram suas chances reduzidas em até 85,43%, mas, quando possuem maiores níveis de folga disponível e de folga recuperável, as chances de obter um desempenho acima do esperado, podem aumentar em até 115 e 47,15 vezes respectivamente. Os resultados sugerem que a folga disponível é o melhor tipo de folga a ser mantido pelas empresas da amostra, enquanto a folga recuperável e potencial devem ser evitadas, a menos que elas possuam grandes oportunidades de investimentos, neste caso, um certo nível de folga recuperável também pode ser mantido.Submitted by Rosangela Silva (rosangela.silva3@unioeste.br) on 2020-04-30T16:46:06Z No. of bitstreams: 2 Adriano Cavalcante da Silva.pdf: 2222334 bytes, checksum: 655b6911be799c6cfe08ba37c96f3ec5 (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5)Made available in DSpace on 2020-04-30T16:46:06Z (GMT). No. of bitstreams: 2 Adriano Cavalcante da Silva.pdf: 2222334 bytes, checksum: 655b6911be799c6cfe08ba37c96f3ec5 (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) Previous issue date: 2019-12-16application/pdfpor6588633818200016417500Universidade Estadual do Oeste do ParanáCascavelPrograma de Pós-Graduação em ContabilidadeUNIOESTEBrasilCentro de Ciências Sociais Aplicadashttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessFolga organizacionalIncertezas ambientaisCriseOportunidade de investimentosorganizational slackEnvironmental uncertaintiesCrisisInvestment opportunityCIENCIAS SOCIAIS APLICADASDa crise à oportunidade: o papel contingente da folga organizacionalFrom crisis to opportunity: the contingent role of organizational slackinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis-27825905175950091926006006008872935161184826606-1988061944270133392reponame:Biblioteca Digital de Teses e Dissertações do UNIOESTEinstname:Universidade Estadual do Oeste do Paraná (UNIOESTE)instacron:UNIOESTEORIGINALAdriano Cavalcante da Silva.pdfAdriano Cavalcante da Silva.pdfapplication/pdf2222334http://tede.unioeste.br:8080/tede/bitstream/tede/4789/5/Adriano+Cavalcante+da+Silva.pdf655b6911be799c6cfe08ba37c96f3ec5MD55CC-LICENSElicense_urllicense_urltext/plain; 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dc.title.por.fl_str_mv |
Da crise à oportunidade: o papel contingente da folga organizacional |
dc.title.alternative.eng.fl_str_mv |
From crisis to opportunity: the contingent role of organizational slack |
title |
Da crise à oportunidade: o papel contingente da folga organizacional |
spellingShingle |
Da crise à oportunidade: o papel contingente da folga organizacional Silva, Adriano Cavalcante da Folga organizacional Incertezas ambientais Crise Oportunidade de investimentos organizational slack Environmental uncertainties Crisis Investment opportunity CIENCIAS SOCIAIS APLICADAS |
title_short |
Da crise à oportunidade: o papel contingente da folga organizacional |
title_full |
Da crise à oportunidade: o papel contingente da folga organizacional |
title_fullStr |
Da crise à oportunidade: o papel contingente da folga organizacional |
title_full_unstemmed |
Da crise à oportunidade: o papel contingente da folga organizacional |
title_sort |
Da crise à oportunidade: o papel contingente da folga organizacional |
author |
Silva, Adriano Cavalcante da |
author_facet |
Silva, Adriano Cavalcante da |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Araújo, Maria da Piedade |
dc.contributor.referee1.fl_str_mv |
Toigo, Leandro Augusto |
dc.contributor.referee1Lattes.fl_str_mv |
http://lattes.cnpq.br/3973674128626084 |
dc.contributor.referee2.fl_str_mv |
Barros, Claudio Marcelo Edwards |
dc.contributor.referee2Lattes.fl_str_mv |
http://lattes.cnpq.br/8486915444145984 |
dc.contributor.authorLattes.fl_str_mv |
http://lattes.cnpq.br/6500832531155310 |
dc.contributor.author.fl_str_mv |
Silva, Adriano Cavalcante da |
contributor_str_mv |
Araújo, Maria da Piedade Toigo, Leandro Augusto Barros, Claudio Marcelo Edwards |
dc.subject.por.fl_str_mv |
Folga organizacional Incertezas ambientais Crise Oportunidade de investimentos organizational slack Environmental uncertainties Crisis Investment opportunity |
topic |
Folga organizacional Incertezas ambientais Crise Oportunidade de investimentos organizational slack Environmental uncertainties Crisis Investment opportunity CIENCIAS SOCIAIS APLICADAS |
dc.subject.cnpq.fl_str_mv |
CIENCIAS SOCIAIS APLICADAS |
description |
In this research, financial slack is considered as a resource under the management's criterion, which can assume a contingent role to respond to discontinuities in the environment, create innovation and change and, trus, improve a company's response to environmental changes. During the growth process of companies, the emergence of slack is natural, and necessary, leading economic agents to decide in what type of assets these idle resources will be allocated, bearing in mind that, once allocated, they will have different liquidity and profitability attributes. This decision becomes even more important, when the economic environment where the companies are located, presents great instability. Thus, the objective of this research was to measure the probability of each type of organizational slack, to contribute to the better performance of companies, when they face periods in crisis and growth. With accounting data from 281 publicly traded Brazilian companies, from the first quarter of 2007 to the first quarter of 2019 (n = 13,769 observations), the results of the binary response regression models for panel data indicated that in times of crisis, the chances obtaining better performance are reduced, on average, 0.09 times. However, the moderating effect of the crisis on the relationship between slack and performance was not statistically significant, leading to the non-acceptance of the first research hypothesis. Companies with greater investment opportunities, contrary to what was expected, had their chances reduced by up to 85.43%, but, when they have higher levels of available slack and recoverable slack, the chances of obtaining a performance above the expected, can increase up to 115 and 47.15 times respectively. The results suggest that the available slack is the best type of organizational slack to be maintained by the companies, while the recoverable and potential slack should be avoided, unless they have great investment opportunities, in this case, a certain level of recoverable slack can also be maintained. |
publishDate |
2019 |
dc.date.issued.fl_str_mv |
2019-12-16 |
dc.date.accessioned.fl_str_mv |
2020-04-30T16:46:06Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
SILVA, Adriano Cavalcante da. Da crise à oportunidade: o papel contingente da folga organizacional. 2019. 116 f. Dissertação( Mestrado em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel PR . |
dc.identifier.uri.fl_str_mv |
http://tede.unioeste.br/handle/tede/4789 |
identifier_str_mv |
SILVA, Adriano Cavalcante da. Da crise à oportunidade: o papel contingente da folga organizacional. 2019. 116 f. Dissertação( Mestrado em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel PR . |
url |
http://tede.unioeste.br/handle/tede/4789 |
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