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ETDs @PUC-Rio
Estatística
Título: CORPORATE GOVERNANCE, VALUE AND PERFORMANCE OF COMPANIES WHOSESHAREHOLDERS ARE BRAZILIAN PENSION FUNDS
Autor: LUCIANA DE SOUZA LIMA
Colaborador(es): LUIZ FELIPE JACQUES DA MOTTA - Orientador
ANDRE LUIZ CARVALHAL DA SILVA - Coorientador
Catalogação: 03/AGO/2018 Língua(s): PORTUGUESE - BRAZIL
Tipo: TEXT Subtipo: THESIS
Notas: [pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio.
[en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio.
Referência(s): [pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=34668&idi=1
[en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=34668&idi=2
DOI: https://doi.org/10.17771/PUCRio.acad.34668
Resumo:
Pension funds have been given an important strategic role as the articulator in control of large national companies from the privatization process started in the 90s. Since then, the foundations have adopted an activist attitude in relation to corporate governance through participation in meetings and in the seats of the councils. Research on the relationship between ownership of pension funds and gains in corporate governance, performance and value in companies is still lagging when applied to Brazil. This paper aims to identify the association between the presence of pension funds and evaluation of corporate governance, performance and value of companies. Over the last decade, the Brazilian stock market has experienced a movement of increased volume from foreign investment, increased capital investment from local companies and their adherence to special segments of governance. We do not find any significant influence that the presence of the Brazilian pension funds as relevant shareholders is associated to higher corporate governance scores neither between corporate governance and performance and value of Brazilian companies.
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