The Tink’s Saga? is It the Time for the Corporate Governance?

Authors

DOI:

10.14211/regepe.v10i1.1850

Keywords:

Multifamily company, Interest conflicts, Information asymmetry, Corporate governance, Teaching Cases

Abstract

Objective: To promote a discussion on the benefits and challenges of the process of implementing mechanisms and good corporate governance practices in a multifamily company. Method: the case was based on real problems of a privately held multifamily organization and fictitious narratives were developed for its construction. Originality/relevance: Multifamily companies potentialize the existence of conflicts between the main ones due to the plurality of partners regarding corporate management and control. In this teaching case, some of these dilemmas were presented and how corporate governance could avoid, mitigate or remedy them in order to find adequate alignment between family members. Results: Conflicts of interest and information asymmetries indicated the need for new solutions for business continuity. Among these solutions, there was the possibility of implementing mechanisms and good corporate governance practices. Theoretical/methodological contributions: It is expected that the student develops an understanding of the need to consider inherent gains and losses in decision making and the particularities of the organization, such as shareholder composition, maturity of the organization and protection of capital and property.

Downloads

Download data is not yet available.

Author Biographies

Eleandra Maria Prigol Meneghini, Post-Graduate Program in Administration, Universidade do Vale do Itajaí, UNIVALI, Itajaí / SC, Brazil

Eleandra Maria Prigol Meneghini is a doctoral student in Business Strategy at the Postgraduate Program in Administration at the University of Vale do Itajaí (UNIVALI). Master in Administration from the Graduate Program in Administration at UNIVALI (2020). Specialist lato sensu Executive MBA in Economics and Management: Agribusiness, FGV (2016). Graduated in Administration with Qualification in Foreign Trade - University of the West of Santa Catarina (2002). Professor hired by the University of the State of Mato Grosso (2016 - 2017). Professional experience in the private sector of the food industry (1994 - 2016). Member of the Study Group on Strategy and Performance - GEEP (UNIVALI). Researcher in the field of Organizational Strategies; Industrial Organization (IO); Nonmarket strategy: Corporate Political Activity (CPA), Corporate Social Responsibility (CSR); Corporate Governance and Cooperatives.  

Ana Paula Pereira dos Passos, Post-Graduate Program in Administration, Universidade do Vale do Itajaí, UNIVALI, Itajaí / SC, Brazil

Ana Paula Pereira dos Passos is a doctoral student, Master and Graduated in Administration at the University of Vale do Itajaí (UNIVALI). Member of the Strategy and Performance Study Group (GEEP). Associate professor-researcher in the Continuing Education Program in Business Economics and Management (PECEGE) at the University of São Paulo (USP). External tutor in the Administration and Accounting course at Centro Universitário Leonardo da Vinci (UNIASSELVI). Research Assistant for projects developed by the São Paulo School of Business Administration (FGV) and Wharton Business School (UPenn). Responsible for the IG entitled SOS of Scientific Research. Recent studies focus on the themes of corporate political activity, corporate social responsibility and corporate governance.  

Jeferson Lana, Post-Graduate Program in Administration, Universidade do Vale do Itajaí, UNIVALI, Itajaí / SC, Brazil

Jeferson Lana holds a PhD in Business Administration from Fundação Getúlio Vargas - FGV/EAESP (2013-2017). Scholarship from the Capes/Fulbright Doctoral Sandwich Program at The Wharton School (University of Pennsylvania), Philadelphia, PA, USA (2015/2016). Master in Administration from UNIVALI/SC (2013). Postgraduate in Financial Management with emphasis in Capital Markets from Fundação Getúlio Vargas (2010). Graduated in Business Administration from Fundação Educacional de Brusque - Unifebe(2007). He is a professional approved by ANBID / Anbima (National Association of Investment Banks) CPA-20. Business administrator and consultant for the Rovian group. He is also a personal financial and corporate finance advisor. Professor at the Graduate Program in Administration (PPGA) and at the Professional Master's Program in Management, Internationalization and Logistics (PMPGIL) at UNIVALI in matters related to Quantitative Methods, Finance and Financial Investments. He taught at the undergraduate level at Grupo Uniasselvi/ASSEVIM (Kroton) between 2008 and 2012. He also taught at the University Center of Brusque - Unifebe (2012) and at Saint Paul Educacional in São Paulo/SP during 2014. He serves as a visiting professor at the level of specialization (MBAs) at the University of Vale do Itajaí - UNIVALI, UNOESC, SENAC, among others.  

References

Aguilera, R. V., & Cuervo-Cazurra, A. (2004). Codes of good governance worldwide: what is the trigger? Organization Studies, 25, 415-443. https://doi.org/10.1177%2F0170840604040669

Aguilera, R. V., Desender, K., Bednar, M. K., & Lee, J. H. (2015). Connecting the Dots – bringing external corporate governance into the corporate governance puzzle. The Academy of Management Annals, 9(1), 483-573. https://doi.org/10.5465/19416520.2015.1024503

Azoury, N., & Bouri, E. (2015). Principal-principal conflicts in Lebanese unlisted family firms. Journal of Management & Governance, 19(2), 461-493. https://doi.org/10.1007/s10997-014-9287-8

Bertucci, J. L. O., Campos, E. Á. S., Pimentel, T. D., & Pereira, R. D. (2009). Mecanismos de Governança e Processos de Sucessão: um estudo sobre a influência dos elementos da governança corporativa na orientação do processo sucessório em uma empresa familiar. Revista Brasileira de Gestão de Negócios, 11(31), 152-167. https://doi.org/10.7819/rbgn.v11i31.524

Bornholdt, W. (2005). Governança na empresa familiar: implementação e prática. Porto Alegre: Bookman.

Denis, D. K., & McConnell, J. J. (2003). International corporate governance. Journal of financial and quantitative analysis, 38(1), 1-36. https://doi.org/10.2307/4126762

Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57-74. https://doi.org/10.5465/amr.1989.4279003

Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26, 301-325. https://www.journals.uchicago.edu/doi/abs/10.1086/467037

IBGC – Instituto Brasileiro de Governança Corporativa. (2014). Caderno de Boas Práticas de Governança Corporativa Para Empresas de Capital Fechado: um guia para sociedades limitadas e sociedades por ações fechadas. São Paulo: IBGC. https://conhecimento.ibgc.org.br/Paginas/Publicacao.aspx?PubId=21047

IBGC – Instituto Brasileiro de Governança Corporativa. (2015). Código das melhores práticas de governança corporativa (5. ed.). São Paulo: IBGC. https://conhecimento.ibgc.org.br/Paginas/Publicacao.aspx?PubId=21138

IBGC – Instituto Brasileiro de Governança Corporativa. (2016). Governança da família empresária: conceitos básicos, desafios e recomendações. São Paulo: IBGC. https://dmgsa.com.br/wp-content/uploads/2016/11/GovernancadaFamiliaEmpresaria_IBGC.pdf

Jensen, M. C., & Meckling, W. H. (2008). Teoria da firma: comportamento dos administradores, custos de agência e estrutura de propriedade. Revista de Administração de Empresas, 48(2), 87-125. Disponível em: https://bibliotecadigital.fgv.br/ojs/index.php/rae/article/view/36604. Acesso em: 9 nov. 2021.

Jiang, Y., & Peng, M. W. (2011). Principal-principal conflicts during crisis. Asia Pacific Journal of Management, 28(4), 683-695. https://doi.org/10.1007/s10490-009-9186-8

Michiels, A., Voordeckers, W., Lybaert, N., & Steijvers, T. (2015). Dividends and family governance practices in private family firms. Small Business Economics, 44(2), 299-314. https://doi.org/10.1007/s11187-014-9594-0

Moraes Filho, A. C. T., Barone, F. M., & de Oliveira Pinto, M. (2011). A produção científica em empresas familiares: um enfoque conceitual. Revista de Administração Pública, 45(6), 1971-1991. https://doi.org/10.1590/S0034-76122011000600016

Saam, N. J. (2007). Asymmetry in information versus asymmetry in power: Implicit assumptions of agency theory? The Journal of Socio-Economics, 36(6), 825-840. https://doi.org/10.1016/j.socec.2007.01.018

Saito, R., & Silveira, A. D. M. (2008). Governança corporativa: custos de agência e estrutura de propriedade. Revista de Administração de Empresas, 48(2), 79-86. https://doi.org/10.1590/S0034-75902008000200007

Walsh, J. P., & Seward, J. K. (1990). On the efficiency of internal and external corporate control mechanisms. Academy of Management Review, 15(3), 421-458. https://doi.org/10.5465/amr.1990.4308826

Young, M. N., Peng, M. W., Ahlstrom, D., Bruton, G. D., & Jiang, Y. (2008). Corporate governance in emerging economies: A review of the principal-principal perspective. Journal of Management Studies, 45(1), 196-220. https://doi.org/10.1111/j.1467-6486.2007.00752.x

Published

2020-12-25

Métricas


Visualizações do artigo: 553     PDF (Português (Brasil)) downloads: 101 Notas de Ensino (Português (Brasil)) downloads: 63 PDF downloads: 86 Teaching Notes downloads: 39

How to Cite

Meneghini, E. M. P., Passos, A. P. P. dos, & Lana, J. (2020). The Tink’s Saga? is It the Time for the Corporate Governance?. REGEPE Entrepreneurship and Small Business Journal, 10(1), e1850. https://doi.org/10.14211/regepe.v10i1.1850

Issue

Section

Case study

Similar Articles

1 2 3 4 5 6 7 8 9 > >> 

You may also start an advanced similarity search for this article.