scholarly journals Operação Lava Jato: Impactos no Mercado Segurador de Responsabilidade Civil de Executivos

2021 ◽  
Vol 25 (2) ◽  
Author(s):  
Rafael Tonet Rensi ◽  
João Vinícius França Carvalho
Keyword(s):  
Insurance Coverage ◽  
Negative Relationship ◽  
Private Companies ◽  
Public And Private ◽  
Economic Agents ◽  
Probability Updating ◽  
Legal Context ◽  
Car Wash ◽  
Directors And Officers ◽  
The Relationship

ABSTRACT Context: triggered in 2014, the Car Wash Operation (CWO) belongs to a process of changing the legal context, in the sense of greater responsibility and penalization of public and private companies’ decision makers for acts practiced in the exercise of their functions, object of the Directors’ and Officers’ liability insurance coverage (D&O). Objective: to evaluate the relationship between the growth in the revenues of D&O insurance premiums and the developments of the OCW in Brazil, under the hypothesis of a change in the perception of economic agents exposed to risks covered by D&O insurance, in a process known as probability updating. Methods: official monthly data for all active insurers, arranged longitudinally between 2003 and 2017, and using two-stage regression method for panel data. Results: the OCW had a positive effect not only to the probability of offering this type of insurance, but also to increase the volume of D&O premiums; these results are consistent with the probability-updating hypothesis. Conclusion: the OCW resulted in an increase in revenues of D&O premiums, but there was a negative relationship between OCW and the entire insurance market, suggesting significance of this operation in the sector retraction observed since its outbreak.

scholarly journals Operation Car Wash: Impacts on the Executives' Liability Insurance Market

2021 ◽  
Vol 25 (2) ◽  
Author(s):  
Rafael Tonet Rensi ◽  
João Vinícius França Carvalho
Keyword(s):  
Insurance Coverage ◽  
Negative Relationship ◽  
Liability Insurance ◽  
Insurance Market ◽  
Public And Private ◽  
Economic Agents ◽  
Probability Updating ◽  
Legal Context ◽  
Car Wash ◽  
Directors And Officers

ABSTRACT Context: triggered in 2014, the Car Wash Operation (CWO) belongs to a process of changing the legal context, in the sense of greater responsibility and penalization of public and private companies’ decision makers for acts practiced in the exercise of their functions, object of the Directors’ and Officers’ liability insurance coverage (D&O). Objective: to evaluate the relationship between the growth in the revenues of D&O insurance premiums and the developments of the OCW in Brazil, under the hypothesis of a change in the perception of economic agents exposed to risks covered by D&O insurance, in a process known as probability updating. Methods: official monthly data for all active insurers, arranged longitudinally between 2003 and 2017, and using two-stage regression method for panel data. Results: the OCW had a positive effect not only to the probability of offering this type of insurance, but also to increase the volume of D&O premiums; these results are consistent with the probability-updating hypothesis. Conclusion: the OCW resulted in an increase in revenues of D&O premiums, but there was a negative relationship between OCW and the entire insurance market, suggesting significance of this operation in the sector retraction observed since its outbreak.

Abusive supervision and employees' job performance: A multiple mediation model

2017 ◽  
Vol 45 (5) ◽  
pp. 845-858 ◽  
Author(s):  
Zhi-xia Chen ◽  
Hong-yan Wang
Keyword(s):  
Job Performance ◽  
Self Efficacy ◽  
Negative Relationship ◽  
Abusive Supervision ◽  
Mediating Effect ◽  
Multiple Mediation ◽  
Private Companies ◽  
Public And Private ◽  
Member Exchange ◽  
The Relationship

We explored the relationship between abusive supervision (AS) and employee job performance (EJP) by conducting a survey of a group of employees (N = 630) of Chinese public and private companies. We investigated possible mediation in the relationship by leadership justice, supervisory trust, and self-efficacy from three perspectives, namely, self-concept and individual socialization, organizational justice, and leader–member exchange. The results showed that there was a negative relationship between AS and EJP that was mediated by leadership justice, supervisory trust, and self-efficacy. We also found that the negative relationship between AS and EJP was affected by the joint mediating effect of leadership justice and supervisory trust. Implications for academicians and practitioners are discussed.

scholarly journals A RESPONSABILIDADE ADMINISTRATIVA E CIVIL DE PESSOAS JURÍDICAS PELA PRÁTICA DE ATOS CONTRA A ADMINISTRAÇÃO PÚBLICA EM FACE DA LEI Nº 12.846/2013 “LEI ANTICORRUPÇÃO”

Percurso ◽  
2019 ◽  
Vol 2 (29) ◽  
pp. 240
Author(s):  
Horácio MONTESCHIO ◽  
Valéria Juliana Tortato MONTESCHIO ◽  
Giovana Zanete MONTESCHIO
Keyword(s):  
Strategic Planning ◽  
Public Administration ◽  
Legal Order ◽  
Business Practices ◽  
Private Companies ◽  
Public And Private ◽  
The Public ◽  
Administrative Control ◽  
The Relationship ◽  
Clear Objective

RESUMOCom a entrada em vigor da Lei nº 12.846/2013, também conhecida como Lei Anticorrupção, que entre os seus principais dispositivos buscam inovar o ordenamento jurídico pátrio ao disciplinar a responsabilidade administrativa e civil de pessoas jurídicas pela prática de atos contra a administração pública. A importância da legislação sobressai diante da busca de uma nova visão interpretativa e sancionatória com o claro objetivo de alcançar a redução da prática de atos de corrupção, tendo em vista que eliminar tão ignóbil e abjeta prática da realidade brasileira se mostra totalmente impossível. Em face do texto legal recentemente sancionado a Lei nº 12.846/13 passa a exigir que as empresas públicas e privadas venham a se adaptarem às inovações propostas. Como principal consequência da “Lei Anticorrupção” encontra se obrigatoriedade de implantação de mecanismos de prevenção e planejamento estratégico, a fim de monitorarem o relacionamento com a Administração Pública, com o intuito de evitar a aplicação das severas penalidades previstas. Por sua vez, os mecanismos inseridos na Lei anticorrupção tem o escopo de controlar as práticas empresariais, bem como consolidar a integridade das práticas de relacionamento entre as empresas, as quais permitirão alçar um novo patamar de cultura cidadã e ética no âmbito empresarial, que reverterá para toda a sociedade. PALAVRAS-CHAVE: Responsabilidade Civil e Administrativa; corrupção; complience; controle administrativo. ABSTRACT With the entry into force of Law No. 12,846 / 2013, also known as the Anti-Corruption Law, which among its main provisions seek to innovate the legal order of the country by disciplining the administrative and civil liability of legal entities for the practice of acts against the public administration. The importance of legislation stands out in the search for a new interpretive and sanctioning vision with the clear objective of achieving a reduction in the practice of acts of corruption, since eliminating such ignoble and abject practice of the Brazilian reality is totally impossible. In light of the recently enacted legal text, Law No. 12.846 / 13 requires that public and private companies adapt to the proposed innovations. As a main consequence of the "AntiCorruption Law", it is mandatory to implement prevention and strategic planning mechanisms in order to monitor the relationship with the Public Administration, in order to avoid the application of severe penalties. In turn, the mechanisms included in the Anti-Corruption Law have the scope to control business practices, as well as to consolidate the integrity of the relationship practices between companies, which will allow to raise a new level of citizen culture and ethics in the business sphere, which will revert for the whole society. KEYWORDS: Civil and Administrative Liability; corruption; complience; administrative control.

Effect of Company Characteristics on Human Resource Disclosure Index: Empirical Evidences from Indian Corporates

2019 ◽  
Vol 45 (1) ◽  
pp. 85-117 ◽  
Author(s):  
Kirti Aggarwal ◽  
Anju Verma
Keyword(s):  
Human Resource ◽  
Private Companies ◽  
Public And Private ◽  
Independent Variables ◽  
Industry Type ◽  
Research Article ◽  
Fixed Assets ◽  
Equity Ratio ◽  
Public And Private Sector ◽  
The Relationship

Purpose: The purpose of the present research article is to know the extent of Human Resource (HR) disclosure practices and effects of various independent variables on HR disclosure practices in selected Indian listed companies. Design/methodology/approach: Initially, Human Resource Disclosure Index (HRDI) of 91 items is constructed for 63 companies listed on the NSE-100 index. After that, the effect of various independent variables is analyzed on HRDI. Finally, independent variables are regressed with HRDI to find the important independent variables which influences the HRDI. The relationship between industry type and HR disclosure has been studied using one-way ANOVA and the comparison between public and private sector has been studied using the Mann–Whitney U test. Findings: The findings of the study show that net fixed assets, net sales, market capitalization, earnings per share (EPS), the debt–equity ratio and total number of pages of an annual report have a significant effect on HRDI. The remaining variables show insignificant association with HRDI. HRDI has been reported differently by different industries, while public and private companies do not differ in case of HR disclosure practices. Originality/value: This study provides the valuable information and contributes in existing literature. The HR disclosure index created in this study may be utilized by the companies as a benchmark to enhance their HR disclosure in future.

scholarly journals Decoding the DNA of Employee Job Satisfaction

2014 ◽  
Vol 4 (2) ◽  
pp. 122
Author(s):  
Saira Zahoor ◽  
Sidra Rafiq ◽  
Anam Zia ◽  
Muhammad Rizwan
Keyword(s):  
Turnover Intention ◽  
Employee Satisfaction ◽  
Negative Relationship ◽  
Public And Private ◽  
Job Experience ◽  
Employee Job Satisfaction ◽  
Private Organizations ◽  
Significant Negative Relationship ◽  
Relationship Of ◽  
The Relationship

The main purpose of this study is to tell, what employee satisfaction is? Employee satisfaction as a pleasurable or positive emotional state resulting from the appraisal of one’s job or job experience.” A sample of 150 respondents was selected to participate in self-Administered   questionnaires from various public and private organizations the survey was conducted in 2013. Convenient sampling was used to collect data. Statistically association of locus of control, pay and promotion with employee satisfaction showed significant result but the relationship of training and development employee empowerment, procedural justice with employee satisfaction is insignificant; furthermore the effect of employee satisfaction on turnover intention, job loyalty and job performance is also significant. We identify that turnover intention contributes more rather than the other variables and it has a significant negative relationship with employee satisfaction.  This study helps the organization for understanding about employee satisfaction how to increase the level of employee satisfaction in public or private both sectors.

scholarly journals TMT’s Attention towards Financial Goals and Innovation Investment: Evidence from China

2018 ◽  
Vol 10 (11) ◽  
pp. 4236 ◽  
Author(s):  
Shouming Chen ◽  
Kaidi Xu ◽  
Luu Nguyen ◽  
Guangsheng Yu
Keyword(s):  
Large Scale ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Corporate Ownership ◽  
Ownership Type ◽  
Private Companies ◽  
Innovation Activities ◽  
Top Managers ◽  
The Relationship ◽  
D Investment

Will the top managers’ attention to financial goals such as profit targets, operating expenses or debt payback schedule affect the firm’s innovation investment? The purpose of this study was to examine the relationship between the attention that the top management team (TMT) allocate on financial goals and R&D investment in Chinese firms. The roles of ownership type and company size as moderating effects in the relationship were also analyzed. This study used a panel dataset of 484 firms listed on the Shanghai Stock Exchange from 2010 to 2014. The results show that TMT’s attention to monetary objectives was negatively related to the R&D investment. In the state-owned and large-scale enterprises, the negative relationship between the TMT’s financial orientation and R&D investment is weak compared to that in private companies and smaller enterprises, respectively. Several conclusions have been drawn. First, the attention paid by TMT to financial goals significantly affects the innovation investment of the company. Specifically, when executives press the importance of monetary targets, they reduce innovation investment, given that the effects of firm-specific characteristics are controlled. Second, corporate ownership significantly moderates the relationship. Given the same degree of attention bias toward financial targets, compared with those in private companies, executives in state-owned companies tend to be more willing to invest in corporate innovation activities. Third, as the size of the company increases, the company’s comprehensive strength and ability to resist risks would increase, which in turn raises the willingness to undertake high-cost and long-term-to-realize-benefit innovation activities, thus alleviating the effect of TMT’s pressure on financial performance.

Percepción de la población pobre de Santiago sobre el medioambiente al año 2012 y evolución desde el 2003

Oikos ◽  
2014 ◽  
Vol 16 (33) ◽  
pp. 97
Author(s):  
Marcelo Yáñez Pérez
Keyword(s):  
Future Expectations ◽  
Private Companies ◽  
Public And Private ◽  
Role Of The State ◽  
Palabras Clave ◽  
Neighbourhood Level ◽  
The Relationship ◽  
Poor Population

RESUMEN El artículo muestra los principales resultados de la investigación denominada: “Percepción de la Población Pobre de Santiago sobre Medioambiente en Chile”, realizada durante 10 años consecutivos por la Escuela de Administración y Economía de la Universidad Católica Silva Henríquez. El estudio incluye antecedentes sobre las concepciones de medioambiente, calidad percibida en la ciudad de Santiago y a nivel del barrio de residencia, agentes y hechos contaminantes, responsables de cuidar el medioambiente, calificación en su gestión, personas más afectadas, consecuencias para el país y expectativas a futuro. También contempla sus percepciones en torno a la relación entre la salud de las personas y la calidad del medioambiente, rol del Estado, importancia del tema para los políticos, relación con el crecimiento económico, importancia de la educación y la información en la prevención, y grado de equidad en las sanciones a empresas públicas y privadas así como a ricos y pobres cuando contaminan. Palabras clave: medioambiente, percepciones, pobreza. ABSTRACT This article describes the main results of the research titled "Perceptions of the Environment by Santiago's Poor Population in Chile" conducted over 10 consecutive years by the Economy and Administration School of Universidad Católica Silva Henríquez (UCSH). The study incorporates evidences on perceptions of the environment, its perceived quality in Santiago at neighbourhood level, pollution components, contaminating agents, those responsible for taking care of the environment and the evaluation of their performance, those most affected by pollution, the consequences for the country and future expectations. This work also considers the perception of the relationship between people's health and the quality of the environment, the role of the State, the importance politicians assign to this issue, its link to economic growth, the significance of preventive education and information, and the level of equity of sanctions on public and private companies as well as on rich and poor population who contaminate the environment. Keywords: environment; perceptions; poverty. Revista OIKOS año 16, N° 33, junio de 2012 ISSN 0717-327 X • pp. 97 - 132 a Este estudio ha sido realizado en el contexto de la investigación “Percepción de la población pobre de Santiago sobre las condiciones de acceso, equidad y satisfacción en la obtención de bienes básicos y públicos – año 2012: visión evolutiva desde el año 2003”, que es parte del Programa de Investigación de la Escuela de Administración y Economía de la UCSH. Esta investigación ha sido financiada desde sus inicios y en su totalidad con fondos propios de esta Universidad.

scholarly journals Public companies’ transparency in Ukraine: key regulatory requirements

2017 ◽  
Vol 6 (1) ◽  
pp. 8-14 ◽  
Author(s):  
Inna Makarenko ◽  
Yulia Serpeninova
Keyword(s):  
Financial Reporting ◽  
Public Interest ◽  
Financial Information ◽  
Regulatory Requirements ◽  
Financial Efficiency ◽  
Private Companies ◽  
Public And Private ◽  
Public Companies ◽  
European Experience ◽  
The Relationship

Public companies as strategically important and economically powerful Ukrainian companies should be classified as public interest entities in the context of European integration. Based on the research methodology of the Index of public companies’ transparency of the Center for CSR Development and research of largest public and private companies’ transparency in Ukraine, conducted by TI, the authors concluded about critically low level of transparency of public companies in the disclosure of audited financial reporting, as well as non-financial reporting. This research may contribute to the existing literature in regard to identifying key areas of improving transparency of public companies in Ukraine on the basis of amendments to the existing order of reporting and additional disclosure of non-financial information and carrying out the statutory audit, taking into account European experience. Among the issues that require further study, the authors should name the relationship between the level of transparency of public companies, their financial efficiency and investment attractiveness. Among the promising areas of research, the extension of the study on transparency of public interest entities after the publication by the European companies of the first statements prepared in accordance with Directive 2014/95/EU is worth noting. Limitations of the research carried out concerned the size of the sample Ukrainian public companies analyzed.

scholarly journals The Association between Ethical Decision-Making, Job Satisfaction, Organisational Commitment and Selected Demographic Variables

2020 ◽  
Author(s):  
Kamarul Zaman Ahmad ◽  
Sharifah Haslinda Syed Alwee ◽  
Zetty Zahureen Mohd. Yusoff ◽  
Suzana Idayu Wati Osman ◽  
Siti Normah Awang Tuah
Keyword(s):  
Job Satisfaction ◽  
Decision Making ◽  
Ethical Decision ◽  
Ethical Decision Making ◽  
Organisational Commitment ◽  
Kuala Lumpur ◽  
The West ◽  
Private Companies ◽  
Public And Private ◽  
The Relationship

Job satisfaction and organisational commitment are variables that have been frequently studied. However, the relationship between ethical decision-making and these two variables are seldom explored. This study conducted on 200 employees from public and private companies in various parts of Kuala Lumpur, aims to investigate the relationship between these three variables. Instruments were used from Paolillo & Vitell (2002), Hunt, Wood & Chonko (1989) and Dubinsky & Hartley (1986) to measure ethics, organisational commitment and job satisfaction respectively. Results show that there is a positive correlation between ethics and organisational commitment and between job satisfaction and organisational commitment. However, contrary to expectations, there is no significant correlation between ethics and job satisfaction. The negative correlation between organisational commitment and position r = -0.288, p< 0.1 suggests that people higher up in the hierarchy are less committed towards the organisation. The absence of any significant correlation between ethics and age, experience, and position is also contrary to previous studies conducted in the West. This suggests that, unlike the West, ethics does not increase or decrease with age, experience, and position.  

Risk Attitude and Corporate Investment under Output Market Uncertainty: Evidence from The Mekong River Delta, Vietnam

2016 ◽  
pp. 59-70
Author(s):  
Ninh Le Khuong ◽  
Nghiem Le Tan ◽  
Tho Huynh Huu
Keyword(s):  
Negative Relationship ◽  
Risk Attitude ◽  
Business Strategies ◽  
Risk Averse ◽  
Market Uncertainty ◽  
Firm Investment ◽  
Output Market ◽  
The Impact ◽  
The Relationship

This paper aims to detect the impact of firm managers’ risk attitude on the relationship between the degree of output market uncertainty and firm investment. The findings show that there is a negative relationship between these two aspects for risk-averse managers while there is a positive relationship for risk-loving ones, since they have different utility functions. Based on the findings, this paper proposes recommendations for firm managers to take into account when making investment decisions and long-term business strategies as well.

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