AN ANALYSIS OF THE SEPARATION OF PROPERTY AND MANAGEMENT IN BRAZILIAN CREDIT UNIONS

Authors

  • Luana Zanetti Trindade
  • Sigismundo Bialoskorski Neto

DOI:

https://doi.org/10.11606/rco.v6i16.52669

Keywords:

Corporate governance, Credit union, Separating ownership and Management.

Abstract

This study aims to analyze how the main corporate governance practices in cooperatives is correlated with variables characterizing size and scale of financial cooperatives and in particular the variable division between ownership and management. For this purpose, we used data from the Corporate Governance Project of the Central Bank, Bacen (2009) and due to the large number of variables, was conducted a factorial multivariate analysis by principal components. The results, after the extraction of three factors show that the separation of ownership and management is negatively correlated with the variables of governance characteristics of traditional management in cooperatives, and positively with other variables that represent the best practices set of governance. But doesn’t presents correlate with economic and financial size, which implies a new research question, if the division between ownership and management is important for the business efficiency of the Brazilian credit cooperatives or social organizations like these have a different logic corporate governance also efficient.

Downloads

Download data is not yet available.

Author Biographies

  • Luana Zanetti Trindade
    Departamento de contabilidade. Área: controladoria
  • Sigismundo Bialoskorski Neto
    Departamento de contabilidade. Área: controladoria

Published

2012-12-31

Issue

Section

Paper

How to Cite

Trindade, L. Z., & Bialoskorski Neto, S. (2012). AN ANALYSIS OF THE SEPARATION OF PROPERTY AND MANAGEMENT IN BRAZILIAN CREDIT UNIONS. Revista De Contabilidade E Organizações, 6(16), 95-118. https://doi.org/10.11606/rco.v6i16.52669