The adoption of good Corporate Governance practices by small and medium-sized: A ADOÇÃO DE BOAS PRÁTICAS DE GOVERNANÇA DE PEQUENAS E MÉDIAS EMPRESAS

Morgana Cristina Vinholi; Rosilene Marcon; Jaison Caetano da Silva; Cinara Gambirage; Jeferson Lana

doi:10.33362/visao.v13i1.3256

Autores

Morgana Cristina Vinholi UNIVALI https://orcid.org/0000-0003-3308-408X
Rosilene Marcon UNIVALI https://orcid.org/0000-0002-0478-7715
Jaison Caetano da Silva FGV Ebape https://orcid.org/0000-0002-8737-152X
Cinara Gambirage University of Groningen/ UNIARP https://orcid.org/0000-0002-8166-1171
Jeferson Lana UNIVALI https://orcid.org/0000-0002-9787-1114

DOI:

https://doi.org/10.33362/visao.v13i1.3256

Palavras-chave:

Good practices of corporate governance, Antecedents, Small and medium enterprises, Family enterprises

Resumo

This study examines the adoption of good practices of corporate governance and the intensity of such practices in small and medium enterprises (SMEs). We developed and tested our theoretical framework using survey data from Brazilian enterprises and factorial analysis and logistic regression. The results suggest that knowledge of benefits from corporate governance drives family enterprises to employ high levels of good practices of corporate governance while some managers feature drives family enterprises to employ low levels of such practices. On the other hand, managers features can contribute to family enterprises employ low levels of good practices of corporate governance. We extend the discussion regarding antecedents of good practices of corporate governance employed by family enterprises and why some of them intensify corporate governance adoption more than others do. Likewise, we offer a wider perspective, theoretically and empirically, of antecedents of corporate governance mechanisms in family firms and the intensity of this adoption. Also, the study provides subsidies to managers make decisions regarding the employment of good practices of corporate governance in family enterprises and contributes to the improvement regarding the indexes of family enterprises mortality.

Keywords: Good practices of corporate governance. Antecedents. Small and medium enterprises. Family enterprises.

Resumo: Este estudo examina a adoção de boas práticas de governança corporativa e a intensidade de tais práticas em pequenas e médias empresas (PMEs) familiares. Desenvolvemos e testamos nosso quando teórico utilizando dados de levantamento de empresas brasileiras e análise fatorial e regressão logística. Os resultados sugerem que o conhecimento dos benefícios da governança corporativa leva as empresas familiares a empregarem altos níveis de boas práticas de governança corporativa, enquanto algumas características dos gerentes levam as empresas familiares a empregarem baixos níveis de tais práticas. Por outro lado, as características dos gestores podem contribuir para que as empresas familiares empreguem baixos níveis de boas práticas de governança corporativa. Ampliamos a discussão sobre os antecedentes das boas práticas de governança corporativa empregadas pelas empresas familiares e porque algumas delas intensificam mais a adoção da governança corporativa do que outras. Da mesma forma, oferecemos uma perspectiva mais ampla, teórica e empírica dos antecedentes dos mecanismos de governança corporativa em empresas familiares e a intensidade dessa adoção. Além disso, o estudo fornece subsídios para que os gestores tomem decisões quanto à aplicação de boas práticas de governança corporativa nas empresas familiares e contribui para a melhoria dos índices de mortalidade das empresas familiares.

Palavras-chave: Boas práticas de governança corporativa. Antecedentes. Pequenas e médias empresas. Empresas familiares.

Biografia do Autor

Morgana Cristina Vinholi, UNIVALI

Ma in Business Administration from School of Business at UNIVALI.

Rosilene Marcon, UNIVALI

Dr in Production Engineering from UFSC. Professor at UNIVALI.

Jaison Caetano da Silva, FGV Ebape

Dr in Business Administration from School of Business at UNIVALI. Post-doctoral researcher from Brazilian School of Public and Business Administration at FGV.

Cinara Gambirage, University of Groningen/ UNIARP

Dr in Business Administration from University Regional of Blumenau. Assistant professor from Faculty of Economics and Business at University of Groningen.

Jeferson Lana, UNIVALI

Dr in Business Administration at FGV EAESP. Professor at UNIVALI.

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