O impacto de estratégias empresariais voltadas para os fatores internos na eficiência tecnológica da firma e suas implicações setoriais

• Ano de defesa: 2012
• Autor(a) principal: Gustavo Ferreira Mendes de Souza
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Federal de Minas Gerais; UFMG
• Palavras-chave em Português: Ativos intangíveis; Eficiência tecnológica; Custo de agência da dívida e análise setorial; Inovações tecnologicas; Administração de empresas; Análise envoltória de dados; Planejamento estratégico
• Link de acesso: http://hdl.handle.net/1843/BUOS-8UENHT

The main objective of this research is to analyze the impact of business strategies on firm performance. The scope of business strategies was delimited to those based on the Resource Based View and the Theory of Agency, respectively operationalized by the investment in intangible assets and the agency cost of debt. Regarding the measurement of firm performance, we chose to use the technological efficiency of the firm as a critical factor for the competitiveness of Brazilian companies and also as a dimension of the performance which is not much approached by the field of Strategic Management in Brazil. Moreover, it is emphasized that when using technological efficiency as a proxy for performance of the firm sought to reconcile the method Data Envelopment Analysis, which can measure the relative efficiency of each organization and can be understood as comparison of the productivity of a unit, ie the ratio between output and input, with the productivity of the unit more efficiently with the studies in strategic administration. We also emphasize that we chose to use this method because it is able to combine into a single index a lot of indicators from different nature, presenting, therefore, greater ability to model the complexity of the real world. To achieve this purpose we carried out a descriptive conclusive research, using the following quantitative methods, Data Envelopment Analysis, Malmquist index and regression analysis. We also emphasize that the research presents a logitudinal and intersectoral character. Hence, the units of analysis traded Brazilian companies in eight sectors, namely: Food and Beverage, Retail, Construction, Consumer Electronics, Chemical, Steel & Metals, Textiles, Transportation and Services, whose shares were traded on the Bovespa during the period between 2005 and 2008. As a result there was a high average relative efficiency for all sectors analyzed, which may result from a process of mimetic isomorphism. In relation to productivity analysis there was a small step forward in overall productivity for the period 2005-2008 analyzing the full sample. This increase was driven by the change in pure technical efficiency of enterprises and the displacement of the border, the change in scale efficiency showed a negative impact on the overall productivity. Although they have been found a low overall productivity for the total sample, based on regression analysis it can be inferred that overall technological efficiency is positively related to investment in intangible assets and negatively related to the agency cost of debt. Regarding the sectoral analysis, it shows that Tobin's Q tends to be positively related to technological efficiency for sectors with positive change in their pure technical efficiency and in the displacement of the border. But the agency cost of debt tends to be negatively related to technological efficiency for sectors with a drop in total factor productivity.