What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure
The study verified the influence of family management on the debt cost of companies with family ownership structure. A descriptive, quantitative and documentary research was carried out, with reference to the Reference Forms, Economática database and B3's website, using data from 2012 to 2016....
| Main Authors: | , , , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade Federal de Santa Catarina
2020-06-01
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| Series: | Revista Contemporânea de Contabilidade |
| Subjects: | |
| Online Access: | https://periodicos.ufsc.br/index.php/contabilidade/article/view/57727 |
| _version_ | 1819060417723367424 |
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| author | Geovanne Dias de Moura Jovani Lanzarin Sady Mazzioni Francisca Francivânia Rodrigues Ribeiro Macêdo |
| author_facet | Geovanne Dias de Moura Jovani Lanzarin Sady Mazzioni Francisca Francivânia Rodrigues Ribeiro Macêdo |
| author_sort | Geovanne Dias de Moura |
| collection | DOAJ |
| description | The study verified the influence of family management on the debt cost of companies with family ownership structure. A descriptive, quantitative and documentary research was carried out, with reference to the Reference Forms, Economática database and B3's website, using data from 2012 to 2016. The companies were classified as relatives when the last controlling shareholder was a family. To identify the type of management, the participation of the families in the executive board and the board of directors was investigated. The cost of debt was calculated by the ratio of financial expenses to average onerous liabilities. It was found that the variables that captured the existence of family management were statistically significant and with negative coefficients, denoting that family management influenced to reduce the cost of debt financing. Thus, the research adds contributions to the literature with empirical evidence regarding the Brazilian scenario, still lacking in research of this nature. |
| first_indexed | 2024-12-21T14:26:40Z |
| format | Article |
| id | doaj.art-e6766d3b948944ec84d8f8325d083c4c |
| institution | Directory Open Access Journal |
| issn | 1807-1821 2175-8069 |
| language | Portuguese |
| last_indexed | 2024-12-21T14:26:40Z |
| publishDate | 2020-06-01 |
| publisher | Universidade Federal de Santa Catarina |
| record_format | Article |
| series | Revista Contemporânea de Contabilidade |
| spelling | doaj.art-e6766d3b948944ec84d8f8325d083c4c2022-12-21T19:00:38ZporUniversidade Federal de Santa CatarinaRevista Contemporânea de Contabilidade1807-18212175-80692020-06-011743718710.5007/2175-8069.2020v17n43p7134649What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structureGeovanne Dias de Moura0Jovani LanzarinSady Mazzioni1Francisca Francivânia Rodrigues Ribeiro Macêdo2Professor do Programa de Pós-Graduação em Ciências Contábeis e Administração (UNOCHAPECÓ)Universidade Comunitária da Região de Chapecó – UNOCHAPECÓProfessora Adjunta da Universidade Estadual Vale do Acaraú (UVA)The study verified the influence of family management on the debt cost of companies with family ownership structure. A descriptive, quantitative and documentary research was carried out, with reference to the Reference Forms, Economática database and B3's website, using data from 2012 to 2016. The companies were classified as relatives when the last controlling shareholder was a family. To identify the type of management, the participation of the families in the executive board and the board of directors was investigated. The cost of debt was calculated by the ratio of financial expenses to average onerous liabilities. It was found that the variables that captured the existence of family management were statistically significant and with negative coefficients, denoting that family management influenced to reduce the cost of debt financing. Thus, the research adds contributions to the literature with empirical evidence regarding the Brazilian scenario, still lacking in research of this nature.https://periodicos.ufsc.br/index.php/contabilidade/article/view/57727gestão familiarcusto de financiamento da dívidaestrutura de propriedade familiar |
| spellingShingle | Geovanne Dias de Moura Jovani Lanzarin Sady Mazzioni Francisca Francivânia Rodrigues Ribeiro Macêdo What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure Revista Contemporânea de Contabilidade gestão familiar custo de financiamento da dívida estrutura de propriedade familiar |
| title | What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure |
| title_full | What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure |
| title_fullStr | What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure |
| title_full_unstemmed | What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure |
| title_short | What is the influence of family management on the cost of debt financing? Analysis in companies with family ownership structure |
| title_sort | what is the influence of family management on the cost of debt financing analysis in companies with family ownership structure |
| topic | gestão familiar custo de financiamento da dívida estrutura de propriedade familiar |
| url | https://periodicos.ufsc.br/index.php/contabilidade/article/view/57727 |
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