Cultural Factors that Positively and Negatively Impact Corporate Governance: Cases of Family-Controlled Firms in Brazil

Fernanda de Anchieta Gomes, Sergio Augusto Pereira Bastos

doi:10.32038/mbrq.2020.16.01

European KnowledgeDevelopment Institute

Original Research

Cultural Factors that Positively and Negatively Impact Corporate Governance: Cases of Family-Controlled Firms in Brazil

Fernanda de Anchieta Gomes ,

Sergio Augusto Pereira Bastos

European Journal of Studies in Management and Business, Volume 16, Pages 1-13, https://doi.org/10.32038/mbrq.2020.16.01

Abstract
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This exploratory study evaluated the relationship between Human Resources (HR) practices, organizational climate, and employee well-being from the lens of the Social Exchange Theory. Therefore, data were analyzed using linear regression and structural equations. The results indicated that there is a positive impact of HR practices on both the organizational climate and employee well-being, as well as the organizational climate on well-being. However, the explanatory power of well-being was low, indicating the need for more customized human resources management. Additionally, HR practices and organizational climate sensitize well-being to a greater extent among women than men, suggesting that women may be able to absorb better the benefits of a friendly and contributory work environment. The study contributes to knowledge in people management oriented towards the well-being of employees.

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Keywords

Organizational Climate; HR Management Practices; Employees’ Well‐being; Social Exchange Theory

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Author(s) Information

Fernanda de Anchieta Gomes

Master in business administration from FUCPAE Business School. Over 18 years in the Human Resources area in large multinational companies, in the segments of sanitary coatings, plastic packaging, chemical, and services industry, occupying positions of the ascendant. Solid HR generalist profile, with experience in recruitment and selection, compensation and benefits, people administration, union relations, training, people management and development, occupational health and safety, and professional self-coaching formed by the Brazilian Institute of Coaching. Strong knowledge of labor legislation, adjusting in HR policies and practices, as well as in the functional structure of companies. Independent instructor of SENAC's management courses.

Sergio Augusto Pereira Bastos

Associate professor at FUCAPE Business School and a partner at Substantiva Consultoria. 37 years of professional experience, of which more than 25 years in business management consulting. Worked for IBM, Price water house Coopers, and Andersen Consulting (now Accenture), where led management consulting projects for medium and large organizations in various business segments. Worked for six years in the areas of planning, budgeting, and controlling for Mesbla and O Globo newspaper. Graduate in mechanical engineering (UFRJ, 1985), postgraduate in business administration (PUC-Rio, 1991), master in business administration (PUC-Rio, 2006), and doctor in business administration (PUC-Rio, 2012). Professional experience comprises mostly planning and performance monitoring, strategic analysis, governance, investment assessments, budgeting, cost management, information systems, process redesign, and training in environments of intense organizational change and business restructuring.

How to cite this article:

Anchieta Gomes, F., & Bastos, S. A. P. (2020). Cultural Factors that Positively and Negatively Impact Corporate Governance: Cases of Family-Controlled Firms in Brazil. Management and Business Research Quarterly, 16, 1-13. https://doi.org/10.32038/mbrq.2020.16.01

Acknowledgments

Not applicable.

Funding

Not applicable.

Conflict of Interests

No, there are no conflicting interests.

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