LA INFLUENCIA DE LA PROPRIEDAD ESTATAL EN EL RENDIMIENTO DE LAS EMPRESAS EN EL MERCADO DE CAPITALES BRASILEÑO
DOI:
https://doi.org/10.4270/ruc.2023112Palabras clave:
Estructura de Propriedad, Empresas Estatales, Teoria de los Derechos de Propriedad, Teoria de los Costes de Transacción, Teoria de la AgenciaResumen
Esta investigación tuvo como objetivo analizar la influencia de la propriedad estatal en el rendimiento de las empresas y fue desarrollada basada en las teorias de Derechos de Propriedad, Coste de Transacción y Agencia, que en armonización, proporcionaron un panorama más preciso sobre este tema dinámico. El análisis fue conducido a través de una prueba de hipótesis de la relación entre la Propriedad Estatal (PE) y el rendimiento de las empresas representado por el Valor Agregado Líquido. La relación estadística fue realizada a través de la regresión en panel Pooled MQO y, como complemento empírico, se hizo uso también de la Regresión Quantílica. Los resultados de las regresiones Pooled MQO y Quantílica convergieron y se complementaron, dando evidencias de que la Propriedad Estatal (PE) tiene una relación positiva y significante con el rendimiento de las empresas analizadas, contribuyendo, de esa forma, para la mejoría de la generación de valor agregado en estas organizaciones, hasta un cierto límite. La principal contribución de esta investigación fue la de demostrar empíricamente la influencia de la propriedad estatal en el rendimiento de las empresas y traer para un debate teórico el lado empresarial del Estado.Descargas
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