Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration

Authors

DOI:

https://doi.org/10.19094/contextus.2023.88620

Keywords:

ownership structure, ownership concentration, parametric analysis of variance, statistical differences, unstable markets

Abstract

This study investigates if there are profit differences, market value, structure of capital, risk and size of assets in relation to the degree of ownership concentration of non-financial Brazilian companies trading in Bovespa from 1997 to 2001. For methodological purpose, the degree of ownership concentration was divided into three categories - disperse, dominant and majoritary - and the differences of the investigated variables were analyzed within those categories, through the statistical methods of Parametric Analysis of Variance and Non-parametric Analysis of Variance. One may conclude that there is more ownership concentration in unstable markets because of the dependence relationship between performance and ownership concentration.

Author Biographies

Anamélia Borges Tannus Dami, Universidade Federal de Uberlândia (UFU)

Mestre em Administração pela Universidade Federal de Uberlândia (UFU)

Diretora Financeira da Jed Engenharia Elétrica Ltda.

Pablo Rogers, Universidade Federal de Uberlândia (UFU)

Professor na Universidade Federal de Uberlândia (UFU)

Doutor em Administração pela Universidade de São Paulo (USP)

Kárem Cristina de Sousa Ribeiro, Universidade Federal de Uberlândia (UFU)

Professora na Universidade Federal de Uberlândia (UFU)

Doutora em Administração pela Universidade de São Paulo (USP)

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Published

2023-11-01

How to Cite

Dami, A. B. T., Rogers, P., & Ribeiro, K. C. de S. (2023). Ownership structure in Brazil: Empirical evidence on the degree of ownership concentration. Contextus - Contemporary Journal of Economics and Management, 21(20 anos), e88620. https://doi.org/10.19094/contextus.2023.88620

Issue

Vol. 21 No. 20 anos (2023): Commemorative Edition - 20 years of Contextus

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Articles

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