CORPORATE OWNERSHIP NETWORK: THE HIERARCHICAL CAPITALISM IN THE BRAZILIAN CONTEXT

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Main Author: Wilton Vicente Gonçalves da Cruz
Format: Artículo científico
Language:en
Published: Fundação Getulio Vargas 2023
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author Wilton Vicente Gonçalves da Cruz
author_facet Wilton Vicente Gonçalves da Cruz
contents CORPORATE OWNERSHIP NETWORK: THE HIERARCHICAL CAPITALISM IN THE BRAZILIAN CONTEXT Wilton Vicente Gonçalves da Cruz Mário Sacomano Evandro Marcos Saidel Ribeiro Administración y Contabilidad network analysis financialization Corporate control ownership networks brazilian corporations Several studies have indicated a type of hierarchical capitalism in Latin America, characterized by the presence of multinational and state corporations, diversified multi-enterprise groups, low-skilled labor, and segmented labor markets. From the perspective of ownership networks, we explore who the owners of large Brazilian corporations are. These networks reveal actors and groups with prominent positions in the structure and ownership of companies. Thus, this article proposes to 1) describe the ownership network of the largest Brazilian corporations; 2) analyze the density, average degree, modularity, and the number of components connected in this network; 3) analyze measures of weighted degree centrality, intermediation, and eigenvector; 4) identify and analyze subgroups in the network, and 5) relate the configuration of the ownership network with hierarchical capitalism in the Brazilian context. The results point to prominent positions of financial shareholders, the Brazilian state (state-owned firms), and groups composed mostly of large multinationals, financial firms, families, and state-owned firms, confirming that the ownership structure is strongly linked to these players. 2023 artículo científico 0034-7590 https://www.redalyc.org/articulo.oa?id=155175186004 https://www.redalyc.org/journal/1551/155175186004/ https://www.redalyc.org/journal/1551/155175186004/html/ https://www.redalyc.org/journal/1551/155175186004/155175186004.epub https://www.redalyc.org/journal/1551/155175186004/movil 10.1590/S0034-759020230202 en http://www.redalyc.org/revista.oa?id=1551 RAE - Revista de Administração de Empresas application/pdf Fundação Getulio Vargas RAE - Revista de Administração de Empresas (Brasil) Num.2 Vol.63
format Artículo científico
id redalyc_155175186004
institution Redalyc
language en
publishDate 2023
publisher Fundação Getulio Vargas
spellingShingle CORPORATE OWNERSHIP NETWORK: THE HIERARCHICAL CAPITALISM IN THE BRAZILIAN CONTEXT
Wilton Vicente Gonçalves da Cruz
Administración y Contabilidad
network analysis
financialization
Corporate control
ownership networks
brazilian corporations
CORPORATE OWNERSHIP NETWORK: THE HIERARCHICAL CAPITALISM IN THE BRAZILIAN CONTEXT Wilton Vicente Gonçalves da Cruz Mário Sacomano Evandro Marcos Saidel Ribeiro Administración y Contabilidad network analysis financialization Corporate control ownership networks brazilian corporations Several studies have indicated a type of hierarchical capitalism in Latin America, characterized by the presence of multinational and state corporations, diversified multi-enterprise groups, low-skilled labor, and segmented labor markets. From the perspective of ownership networks, we explore who the owners of large Brazilian corporations are. These networks reveal actors and groups with prominent positions in the structure and ownership of companies. Thus, this article proposes to 1) describe the ownership network of the largest Brazilian corporations; 2) analyze the density, average degree, modularity, and the number of components connected in this network; 3) analyze measures of weighted degree centrality, intermediation, and eigenvector; 4) identify and analyze subgroups in the network, and 5) relate the configuration of the ownership network with hierarchical capitalism in the Brazilian context. The results point to prominent positions of financial shareholders, the Brazilian state (state-owned firms), and groups composed mostly of large multinationals, financial firms, families, and state-owned firms, confirming that the ownership structure is strongly linked to these players. 2023 artículo científico 0034-7590 https://www.redalyc.org/articulo.oa?id=155175186004 https://www.redalyc.org/journal/1551/155175186004/ https://www.redalyc.org/journal/1551/155175186004/html/ https://www.redalyc.org/journal/1551/155175186004/155175186004.epub https://www.redalyc.org/journal/1551/155175186004/movil 10.1590/S0034-759020230202 en http://www.redalyc.org/revista.oa?id=1551 RAE - Revista de Administração de Empresas application/pdf Fundação Getulio Vargas RAE - Revista de Administração de Empresas (Brasil) Num.2 Vol.63
title CORPORATE OWNERSHIP NETWORK: THE HIERARCHICAL CAPITALISM IN THE BRAZILIAN CONTEXT
topic Administración y Contabilidad
network analysis
financialization
Corporate control
ownership networks
brazilian corporations
url https://www.redalyc.org/articulo.oa?id=155175186004
https://www.redalyc.org/journal/1551/155175186004/
https://www.redalyc.org/journal/1551/155175186004/html/
https://www.redalyc.org/journal/1551/155175186004/155175186004.epub
https://www.redalyc.org/journal/1551/155175186004/movil