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.

Downloads

Download data is not yet available.

Downloads

Additional Files

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: 23 nov. 2024.

Issue

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

Section

ARTICLES

License

Authors who publish in this magazine agree with the following terms: 

Authors keep the copyrights and concede the right of its first publication to the magazine. The work piece must be simultaneously licensed on the Creative Commons Attribution Licence which allows the paper sharing, and preserves both the author identity and the right of first publication to this magazine. 

Authors are authorized to assume additional contracts separately, to not-exclusively distribution of the paper version published in this magazine (e.g.: publish in institutional repository or as a book chapter), with the author identity recognition and its first publication in this magazine. 

Authors are permitted and stimulated to publish and distribute their papers online (e.g.: in institutional repository or on their personal webpage), considering it can generate productive alterations, as well as increase the impact and the quotations of the published paper.

Creative Commons - Atribuição-NãoComercial-SemDerivações 4.0 Internacional.