Efeito da gestão familiar na avaliação do desempenho da empresa: evidências do Brasil

Autores

DOI:

https://doi.org/10.16930/2237-7662/rccc.v17n52.2727

Palavras-chave:

Empresa Familiar, Desempenho da Empresa, Setor de Consumo Cíclico, Brasil.

Resumo

Esta pesquisa tem como objetivo verificar o efeito da gestão familiar na avaliação do desempenho de empresas brasileiras de capital aberto pertencentes ao setor de consumo cíclico listadas na Brasil, Bolsa, Balcão (B3). Para tanto, realizou-se uma pesquisa descritiva, documental e com abordagem quantitativa por meio da utilização da Regressão Linear Múltipla. O período de análise compreendeu os anos de 2012 a 2016. A amostra do estudo foi constituída por 34 empresas brasileiras familiares e 66 empresas não familiares, totalizando as 100 empresas classificadas no setor de consumo cíclico. Os resultados revelaram diferenças entre as empresas familiares e não familiares quanto ao desempenho contábil, visto que esta variável se relacionou significativa e positivamente com o desempenho medido pela proxy ROA. Isto sugere que as empresas familiares buscam ao longo dos anos melhorar o valor dos ativos, pois quanto maior o desempenho contábil, mais investidores se interessarão nestas empresas, com expectativas de retornos a longo prazo. Outra evidência encontrada é a relação entre o tamanho da empresa e seu desempenho de mercado e contábil. Em empresas familiares, este achado indica que seu tamanho apresenta relação com estas empresas do setor de consumo cíclico, pois tendendo a serem mais eficientes no uso de seus ativos, relacionam-se positivamente com o desempenho. Conclui-se que o desempenho de mercado medido pela proxy Q de Tobin se apresentou como um dos principais indicadores que levam as empresas à uma alta performance organizacional.

Biografia do Autor

Elisane Brandt, Universidade Regional de Blumenau

Universidade Regional de Blumenau. Endereço: Rua Antônio da Veiga, 140 | Itoupava Seca | 89030-903 | Blumenau/SC | Brasil.

Adriana Kroenke, Universidade Regional de Blumenau

Universidade Regional de Blumenau. Endereço: Rua Antônio da Veiga, 140 | Itoupava Seca | 89030-903 | Blumenau/SC | Brasil.

Caroline Pletsch, Universidade Regional de Blumenau

Universidade Regional de Blumenau. Endereço: Rua Antônio da Veiga, 140 | Itoupava Seca | 89030-903 | Blumenau/SC | Brasil.

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Publicado

11/10/2018

Como Citar

Brandt, E., Kroenke, A., & Pletsch, C. (2018). Efeito da gestão familiar na avaliação do desempenho da empresa: evidências do Brasil. Revista Catarinense Da Ciência Contábil, 17(52). https://doi.org/10.16930/2237-7662/rccc.v17n52.2727