Corporate Governance and Industrialization in Brazil: An Historical Approach

The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 7-23

Posted: 13 Oct 2012

Date Written: 2012

Abstract

The main goal of the paper is to analyze the history of modern Brazilian companies through the ownership and capital structure dimensions, with the goal of justifying the relatively quick process of transition of many Brazilian companies towards a dispersed ownership structure since the 1990s. The paper shows that the relevant features in the historical analysis of the shift towards the relevance of corporate governance in Brazil are: changes in industrialization policies, retained profits and government funding as the major source for investments, and a culture of personalization of the figure of the controller/entrepreneur/founder.

Suggested Citation

Filho, Joaquim Rubens Fontes and Zeidan, Rodrigo M., Corporate Governance and Industrialization in Brazil: An Historical Approach (2012). The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 7-23. Available at SSRN: https://ssrn.com/abstract=2160731

Joaquim Rubens Fontes Filho (Contact Author)

Getulio Vargas Foundation (FGV) ( email )

R. Dr. Neto de Araujo 320 cj 1307
Rio de Janeiro, Rio de Janeiro 22250-900
Brazil

Rodrigo M. Zeidan

NYU Shanghai ( email )

1555 Century Ave
Shanghai, Shanghai 200122
China

HOME PAGE: http://rzeidan.com

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