The Stakeholders of State Owned Companies (SOCs)
In: Management and Business Administration. Central Europe, Band 22, Heft 3, S. 102-121
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In: Management and Business Administration. Central Europe, Band 22, Heft 3, S. 102-121
Abstract Purpose: To study the impacts of elections and succession processes on SOE stocks. Design/methodology/approach: Through events studies we longitudinally investigate the impacts of political events (elections) and of succession processes on SOE stocks over more than 20 years. We also document changes in management, showing that SOEs face greater turnover in management than their private peers. Stock quotations were obtained from Economática and company and executive data were retrieved from the B3 and CVM. Findings: There is some but not a general impact of elections and succession processes on SOEs. More recently, the impacts have increased. CEO turnover is greater in SOEs than in their private peers and changes in management are greater in cases of power shifts. Originality/value: We shed light on phenomena that happen frequently in Brazil: CEO successions in SOEs and political events impacting SOEs.
BASE
In: Public administration and development: the international journal of management research and practice, Band 18, Heft 3, S. 257-264
ISSN: 0271-2075
In: Public administration and development: the international journal of management research and practice, Band 18, Heft 3, S. 257-263
ISSN: 1099-162X
In: Public administration and development: the international journal of management research and practice, Band 18, Heft 3, S. 257
ISSN: 0271-2075
This article addresses the issue of the legal status of state-owned companies. The author considers the very concept of a state-owned company and the requirements of the legislation in terms of the rights of a state-owned company to conduct business. In addition, attention was paid to the issue of reforming state-owned companies.
BASE
In: Chinese political science review, Band 4, Heft 1, S. 28-51
ISSN: 2365-4252
In: The current digest of the post-Soviet press, Band 69, Heft 32, S. 11-12
In: Forum for development studies: journal of Norwegian Institute of International Affairs and Norwegian Association for Development, Band 27, Heft 1, S. 65-94
ISSN: 1891-1765
In: Forum for development studies, Band 27, Heft 1, S. 65-94
ISSN: 0803-9410
In: Boletim de Ciências Económicas, Band 57, Heft 1, S. 45-67
In: International journal of public sector management
ISSN: 1758-6666
PurposeThe objective of this article is to analyze the relationship between absorptive capacity, entrepreneurial orientation, and performance within Brazilian federal state-owned companies.Design/methodology/approachPrimary data were obtained using survey research. Secondary data were obtained using the Federal State-owned Companies Bulletin and the website State-owned Companies Overview. Tested and validated scales were selected to reflect Absorptive Capacity (ACAP), Entrepreneurial Orientation (EO), and Organizational Performance (OP) variables applied to a sample of 119 managers and advisors of federal state-owned companies. Structural Equation Modeling techniques were applied to identify the statistical significance of the direct, indirect, and total effects. The final measurement and structural model presented convergent and discriminant validity with acceptable adjustment indexes.FindingsACAP was found to be directly related to the ability to identify, recognize, transform, and especially implement new knowledge. EO is related to the institution's ability to take risks, be proactive, and innovate. Those are fundamental processes for fulfilling the mission of state-owned companies, for their survival, and for improving the quality of public services provided to society. These findings differ from studies carried out in private companies since the ACAP-exploration dimension in private businesses displays a relevant relationship between the factors composing EO, a feature not observed here.Originality/valueThe paper's main contribution is to confirm the influence of ACAP on EO and EO on OP, considering the environment of Brazilian federal state-owned companies. Such results expand the scarce academic studies on absorptive capacity, entrepreneurial orientation, and performance in the public area, in addition to offering perspectives of specific training direction to expand the competencies of public managers.
SSRN
In: The Indian economic journal, Band 51, Heft 1, S. 35-51
ISSN: 2631-617X
In: Public management review, Band 5, Heft 2, S. 177-196
ISSN: 1471-9045