Abstract

http://ssrn.com/abstract=1915052
 


 



The Brazilian Institutional Environment: The Impact on Companies' Strategies in the Oil and Gas Sector


Luiz Marcelo Martins Almeida


Banco Nacional de Desenvolvimento Econômico e Social (BNDES)

Luiz Alberto N. Campos Filho


Modus MCD Consulting and Business Development

Lourdes Casanova


INSEAD; Cornell University - Johnson Graduate School of Management

August 23, 2011

INSEAD Working Paper No. 2011/86/ST

Abstract:     
Institutional theory explains how interactions between organizations and institutions shape economic activity and consequently managerial performance and strategies. The institutional setting of most emerging countries is in transition, whereby a relationship-based transaction mode is gradually yielding to rule-based transactions. This study investigates how the institutional environment in Brazil influences the strategy of oil and gas companies, based upon a case study approach to exploration and production in the oil and gas sector. The results obtained from secondary data and interviews with executives of the main Brazilian oil and gas companies and members of public organizations demonstrate that institutions have a limited influence on the decisions of these companies, since the regulatory dimension plays the biggest role in decision making.

Number of Pages in PDF File: 37

Keywords: business/government interaction and relations, business and society, institutional theory, resource-based view, resource dependency, stakeholder theory

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Date posted: August 23, 2011  

Suggested Citation

Martins Almeida, Luiz Marcelo and Campos Filho, Luiz Alberto N. and Casanova, Lourdes, The Brazilian Institutional Environment: The Impact on Companies' Strategies in the Oil and Gas Sector (August 23, 2011). INSEAD Working Paper No. 2011/86/ST. Available at SSRN: http://ssrn.com/abstract=1915052 or http://dx.doi.org/10.2139/ssrn.1915052

Contact Information

Luiz Marcelo Martins Almeida
Banco Nacional de Desenvolvimento Econômico e Social (BNDES) ( email )
Av. Republica do Chile
100 - 12nd. Floor
100 Rio de Janeiro, 20001-970
Brazil
Luiz Alberto N. Campos Filho
Modus MCD Consulting and Business Development ( email )
Av. Oswaldo Cruz, 87, Apt 1202
Flamengo
Rio de Janeiro, RJ 22.250-060
Brazil
55 21 8828 2656 (Phone)
HOME PAGE: http://www.modusmcd.com.br
Lourdes Casanova (Contact Author)
INSEAD ( email )
Boulevard de Constance
77305 Fontainebleau
France
Cornell University - Johnson Graduate School of Management ( email )
Ithaca, NY 14853
United States
6072295251 (Phone)

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