Corporate Governance and Profitability of Closed Entities of Complementary Pension Funds Outros Idiomas

ID:
62514
Resumo:
Objective: This study analyzes the relationship between good corporate governance practices (access to information, content of published information and management structure) and the performance (measured by the profitability of the plans) of the Closed Entities of Complementary Pension Funds (Entidades Fechadas de Previdência Complementar - EFPC). Method: The sample comprises 76 EFPCs ranked among the 89 publicly funded entities and the data were collected in the Annual Information Reports (Relatórios Anuais de Informação), statutes and information on the entities' websites and in the statistical statement published by the Brazilian Association of Closed Pension Funds for the year 2017. In order to test the research hypothesis, the Multiple Linear Regression method performed with the support of STATA® software. Originality/Relevance: The relevance of EFPC is highlighted, a sector that has been growing in Brazil, mainly with the pension reform in the public and private sectors. Results: The study's evidence does not support the acceptance of the established hypotheses, which foresee a positive and significant relationship between governance practices and profitability, considering as practices the access and content of information and the structure of governance bodies. It is conjectured that the level of information disclosure and / or the governance practices analyzed may have influenced the findings. Theoretical/methodological contributions: Although the proposed relationships did not indicate statistical significance, the survey highlights the importance of good corporate governance practices in EFPC in order to achieve better results and fulfill obligations to stakeholders.
Citação ABNT:
OLIVEIRA, R. M.; BEUREN, I. M.; VICENTE, E. F. R. Corporate Governance and Profitability of Closed Entities of Complementary Pension Funds. Contabilidade, Gestão e Governança, v. 24, n. 1, p. 55-71, 2021.
Citação APA:
Oliveira, R. M., Beuren, I. M., & Vicente, E. F. R. (2021). Corporate Governance and Profitability of Closed Entities of Complementary Pension Funds. Contabilidade, Gestão e Governança, 24(1), 55-71.
DOI:
http://dx.doi.org/10.51341/1984-3925_2021v24n1a4
Link Permanente:
http://www.spell.org.br/documentos/ver/62514/corporate-governance-and-profitability-of-closed-entities-of-complementary-pension-funds/i/pt-br
Tipo de documento:
Artigo
Idioma:
Inglês