A influência das Golden Shares no desempenho da empresa

• Ano de defesa: 2022
• Autor(a) principal: Mainardi, Rodrigo Almeida
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Federal de Santa Maria; Brasil; Controladoria, Governança e Sustentabilidade; UFSM; Programa de Pós-Graduação em Ciências Contábeis; Centro de Ciências Sociais e Humanas
• Palavras-chave em Português: Privatização; Governança corporativa; Desempenho; Golden Shares; Privatization; Corporate governance; Performance; CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS
• Link de acesso: http://repositorio.ufsm.br/handle/1/29884

The relationship between the ownership structure and the performance of companies has been a subject of interest among academics, mainly to understand the efficiency of the golden share that makes government ownership a control mechanism. This study aims to analyze the influence of golden shares on the accounting performance of public traded companies that underwent privatization at a global level. To achieve this objective, the dynamic difference-in-differences (DID) method was used with Kernel Propensity Score Match (PSM) and a multilevel analysis. As a result, privatized companies that have golden shares are experienced more positive impact on market performance than companies privatized without it.