67828

Fernanda Kreuzberg
Ernesto Fernando Rodrigues Vicente

Revista Universo Contábil

Pela perspectiva da Teoria de Dependência de Recursos, o conselho de administração reflete o ambiente da empresa, buscando a maximização de recursos, uma vez que cada membro contribui com diferentes competências, experiências e vínculos. A literatura sugere que as empresas adaptam suas estruturas conforme evoluem nos estágios do ciclo de vida, afetando de maneira distinta as estruturas de governança das empresas e a estrutura de propriedade. O objetivo da pesquisa consiste em identificar o efeito dos estágios do ciclo de vida nas características do conselho de administração. A amostra é constituída pelas empresas listadas na B3, no período de 2012 a 2018. As variáveis dos constructos referentes ao conselho de administração englobam características de tamanho, gênero, independência, expertise (em gestão, em áreas de suporte e em áreas operacionais), grau de interlocking (com o setor financeiro e no setor de atuação) e cooptação. Para o ciclo de vida foram criadas variáveis dummy com base no modelo desenvolvido por Dickinson (2011), utilizando a composição da Demonstração do Fluxo de Caixa. Concluiu-se que empresas classificadas no estágio de maturidade têm uma redução no número de membros do conselho de administração e na cooptação de membros com expertise na área de gestão. Por outro lado, nas empresas pertencentes ao estágio de crescimento, observou-se um incremento na cooptação de membros com tal expertise. De modo geral, averiguou-se que os estágios do ciclo de vida organizacional (maturidade e crescimento) apresentam efeitos distintos nas mudanças do conselho de administração.

Board interlocking, Ciclo de vida organizacional, Conselho de administração, Teoria de Dependência de Recursos

KREUZBERG, F.; VICENTE, E. F. R. As características do conselho de administração mudam conforme os estágios do ciclo de vida da empresa? . Revista Universo Contábil, v. 17, n. 1, p. 109-129, 2021.

Kreuzberg, F., & Vicente, E. F. R. (2021). As características do conselho de administração mudam conforme os estágios do ciclo de vida da empresa? . Revista Universo Contábil, 17(1), 109-129.

10.4270/ruc.2021106

https://www.spell.org.br/documentos/ver/67828/as-caracteristicas-do-conselho-de-administracao-mudam-conforme-os-estagios-do-ciclo-de-vida-da-empresa--/i/pt-br

Artigo

Português

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