FAMILY OWNERSHIP AND STOCK OPTIONS FOR DIRECTORSHIP OF BRAZILIAN COMPANIES

Authors

  • Leandro Politelo Universidade Regional de Blumenau - FURB
  • Itzhak David Simão Kaveski Universidade Regional de Blumenau - FURB Universidade Federal de Mato Grosso do Sul - UFMS
  • Tânia Cristina Chiarello Universidade Regional de Blumenau - FURB
  • Tarcísio Pedro da Silva Universidade Regional de Blumenau - FURB

Abstract

This study purpose to investigate the effect of family ownership on stock options for directorship of Brazilian companies. We used a sample of 71 companies that practiced stock options in 2010 and 71 in 2011, a total sample of 142 observations. The research is classified as descriptive, documentary and quantitative character. The results show that non-family firms have higher stock options practice that family business. The results also indicate that family businesses prefer to keep the company's shares with the family, even though such action may limit the company's performance. However, it could be demonstrated that the percentage of capital concentration with family influences the practice of stock options directorship. We conclude that family firms deprive the preservation of the family property, as well as stock options in family firms is not influenced by the degree of concentration of the company's shares held by the family.

 

Keywords: Family ownership. Stock options. Directorship.

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Published

06-01-2014

How to Cite

POLITELO, L.; KAVESKI, I. D. S.; CHIARELLO, T. C.; SILVA, T. P. da. FAMILY OWNERSHIP AND STOCK OPTIONS FOR DIRECTORSHIP OF BRAZILIAN COMPANIES. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 6, n. 1, p. 183–201, 2014. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/4295. Acesso em: 4 jul. 2024.

Issue

Vol. 6 No. 1 (2014): Jan./Jun.

Section

ARTICLES

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