IDEAS home Printed from https://ideas.repec.org/a/abg/anprac/v6y2002i1156.html
   My bibliography  Save this article

Estrutura de controle das companhias brasileiras de capital aberto

Author

Listed:
  • Ricardo Pereira Câmera Leal
  • André Luiz Carvalhal da Silva
  • Silvia Mourthé Valadares

Abstract

This paper analyzes the control structure of Brazilian public companies at the end of 1998. We show a high degree of ownership concentration. Even when there is no majority shareholder, the largest one owns a significant portion of the voting capital, and the company is, on average, controlled by its three largest shareholders. We also conclude that the utilization of pyramid structures does not appear to be an effort to avoid the one share-one vote rule in Brazilian companies.

Suggested Citation

  • Ricardo Pereira Câmera Leal & André Luiz Carvalhal da Silva & Silvia Mourthé Valadares, 2002. "Estrutura de controle das companhias brasileiras de capital aberto," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 6(1), pages 7-18.
    • Handle: RePEc:abg:anprac:v:6:y:2002:i:1:156
    as

    Download full text from publisher

    File URL: https://rac.anpad.org.br/index.php/rac/article/view/156/160
    Download Restriction: no
    File URL: https://rac.anpad.org.br/index.php/rac/article/download/156/160
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. André Luiz Carvalhal da Silva & Ricardo Pereira Câmara Leal, 2005. "Corporate Governance Index, Firm Valuation and Performance in Brazil," Brazilian Review of Finance, Brazilian Society of Finance, vol. 3(1), pages 1-18.
    2. Fernando Lefort, 2005. "Ownership Structure And Corporate Governance In Latin America," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 8(1), pages 55-84.
    3. Isac Freitas Brandão & Vicente Crisóstomo & Félix J. López-Iturriaga, 2024. "A multidimensional analysis of corporate governance and firm value," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(4), pages 985-1016, December.
    4. Marcos Barbosa Pinto & Ricardo Pereira Câmara Leal, 2013. "Ownership concentration, top management and board compensation," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 17(3), pages 304-324.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abg:anprac:v:6:y:2002:i:1:156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Information Technology of ANPAD (email available below). General contact details of provider: http://anpad.org.br .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.