CONEXÕES POLÍTICAS EM ESTRUTURAS DE PROPRIEDADE: O GOVERNO COMO ACIONISTA EM UMA ANÁLISE DESCRITIVA

From the perspective of the theory of corporate political strategy, the main objective of this work is to analyze the structure of ownership with government shareholding in Brazilian companies listed on the BM&FBovespa, on the period 1999-2010. The study explores the government's presence i...

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Bibliographic Details
Published in:Revista de administração Mackenzie 2014, Vol.15 (1), p.98
Main Authors: Brey, Nathanael Kusch, Camilo, Silvio ParodiOliveira, Marcon, Rosilene, Bandeira-De-Mello, Rodrigo
Format: Article
Language:Portuguese
Subjects:
Business government relations
Nationalization
Organizational structure
Politics
Public companies
Stockholders
Studies
Online Access:Get full text
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Summary:From the perspective of the theory of corporate political strategy, the main objective of this work is to analyze the structure of ownership with government shareholding in Brazilian companies listed on the BM&FBovespa, on the period 1999-2010. The study explores the government's presence in various spheres which they federal, state and municipal structures owned Brazilian companies listed on the BM&FBovespa, which demonstrates its uniqueness in relation to other studies in the country. The result shows that majority of Brazilian companies listed on the BM&FBovespa have the concentrated structure of ownership, indicating the presence of the figure of a controlling shareholder, in which it was found that on average the largest shareholder owns 62.77% of the voting capital and 49.78 of the total capital of the company. Also the results indicate that the government, when you compose the ownership structure of firms, has a significant share in the economy, even participated directly 13.71% of public companies traded on the BM&FBovespa.
ISSN:1518-6776
1678-6971
DOI:10.1590/S1678-69712014000100005