A estrutura de propriedade, os benefÃcios privados de controle e o valor das empresas de capital aberto no Brasil

AUTOR(ES)

Luiz Fernando Correia de AraÃjo Filho

DATA DE PUBLICAÇÃO

2003

RESUMO

The corporate governance of public companies has been the subject of many national and international papers and considered by institutions as the World Bank, as fundamental for economic growth in emerging countries. Accordingly, this dissertation investigates the typical ownership structure of publicly traded companies in Brazil, the appropriation potential of private benefits of control, and the agency costs derived from the observed separation between the rights of ownership and control. It is verified that, the high concentration of control in the standard ownership structure is related to the use of minority mechanisms of control. These mechanisms are related, also, to the high appropriation potential of private benefits, observed through the premium of control, and imply increased agency costs to the public companies in Brazil

ASSUNTO(S)

benefÃcios privados empresas administracao controle brasil capital aberto

Documentos Relacionados

• Estrutura de propriedade e de controle das empresas de capital aberto no Brasil
• Estrutura de propriedade e valor das empresas no Brasil
• Prevalência e duração dos benefÃcios auxÃlio-doença decorrentes de asma no Brasil em 2008
• PecuÃria e conservaÃÃo do pantanal: anÃlise econÃmica de alternativas sustentÃveisâ o dilema entre benefÃcios privados e sociais
• Estrutura de propriedade, governança corporativa, valor e desempenho das empresas no Brasil.