The purpose of this study is to examine if increased regulations in the banking industry post-financial crisis have altered previous literature in favor of publicly listed commercial banks relative to privately owned banks. To account for concerns of reverse causality a two-stage instrumental regression is performed on a multinational data sample. Due to the limitations of the study, omitting factors such as bank archetype, legislative differences, and more detailed ownership structures e.g. the extent of market capitalization, the conclusions of the study must be interpreted with some caution. Nonetheless, our results indicate that private banks, in line with pre-crisis literature have stronger financial performance. Suggesting that post-crisis regulation has not altered that relationship.

In recent years, an unstable funding environment for state higher education systems has led to a trend of increasing institutional fiscal autonomy in exchange for reductions in appropriations. With the growing concern that reducing state oversight will result in increased tuition and spending levels, this study was designed to provide a clearer understanding of how fiscal autonomy at public institutions impacts measures important to the state public policy goals of affordability, operating efficiency, and access. To accommodate the diversity and hierarchical structure of public institutions, this study used multilevel modeling techniques to integrate complex, interrelated institution- and state-level data. Institution-level data were provided primarily by the Delta Cost Project and State Higher Education Executive Officers (SHEEO) in the analysis of 395 public four-year institutions across sectors in 43 states. The three dependent variables measured changes in tuition revenue net of institutional grants, education and general spending, and minority student enrollment for academic years ending 2003 through 2009. In addition to other institution- and state-level characteristics and performance measures, explanatory variables included three regulatory or political descriptors: institutional tuition-setting authority, resource control, and state governance structure. Prior to this study, there was little empirical evidence to either support or counter claims that reducing state oversight would lead to increases that could threaten access, particularly for students in low-income and minority populations. This analysis did find evidence of a relationship between tuition-setting authority and institutional outcomes, however, statistical significance varied by outcome measure as well as category of tuition-setting authority. There were also other important factors related to the outcomes including level of appropriations, extent of reliance on state funding, and regional compact affiliation. Although results were mixed, this effort serves as a starting point for future research to help inform state and institutional decision-makers as they search for ways to address funding gaps without sacrificing their public agenda.

In a world of growing environmental concern, financial markets are increasingly investing their capital in the transition towards a more sustainable economy. Government initiatives, such as the 2019 European Green Deal, support this shift by aiming to further steer capital flows in this direction. This thesis explored what motivational factors drive the integration of environmental, social, and governance (ESG) concerns in private equity firms which implement a buyout strategy and operate in Sweden. Additionally, this thesis sought to highlight what influence the regulatory environment has on this integration. The data was collected by interviewing representatives from seven private equityfirms and utilising a secondary data analysis of their company reports. The results showed a high degree of sustainability integration in the private equity industry. The analysis further revealed that while intrinsic motivators, predominantly emerging from partners' beliefs, are the primary drivers for some private equity firms, the majority are influenced by extrinsic motivators, with investor demand being the predominant factor. Additionally, we could identify the emergence of industry standards through governmental and non-governmental frameworks. From a practical standpoint, the thesis highlights the necessity of integrating sustainability to maintain legitimacy in the market and secure continuous funding.

Submitted by Aelson Maciera (aelsoncm@terra.com.br) on 2017-08-16T18:16:42Z No. of bitstreams: 1 DissDWGT.pdf: 2482784 bytes, checksum: 196055f0e10b2dfe335b3f7d6d4a72b2 (MD5) / Approved for entry into archive by Ronildo Prado (bco.producao.intelectual@gmail.com) on 2017-11-28T14:06:40Z (GMT) No. of bitstreams: 1 DissDWGT.pdf: 2482784 bytes, checksum: 196055f0e10b2dfe335b3f7d6d4a72b2 (MD5) / Approved for entry into archive by Ronildo Prado (bco.producao.intelectual@gmail.com) on 2017-11-28T14:06:56Z (GMT) No. of bitstreams: 1 DissDWGT.pdf: 2482784 bytes, checksum: 196055f0e10b2dfe335b3f7d6d4a72b2 (MD5) / Made available in DSpace on 2017-11-28T14:14:56Z (GMT). No. of bitstreams: 1 DissDWGT.pdf: 2482784 bytes, checksum: 196055f0e10b2dfe335b3f7d6d4a72b2 (MD5) Previous issue date: 2017-03-23 / Não recebi financiamento / The Corporate Governance is current topic with a great relevance for organizational management. In the public sector, the Corporate Governance has gained a prominent role with the movement called New Public Management (NPM), started in the 1980s, during the Margaret Thatcher’s terms as British prime minister. This movement was intended to bring the methods and tools developed and employed successfully on the private sector for the public administration, in order to streamline the state apparatus, making its most effective and creating accountability mechanisms for the public agents actions in the exercise of his functions. In Brazil, these changes gained momentum during the government of President Fernando Henrique Cardoso, in 1995, with the reform of the state apparatus promoted by the minister Bresser Pereira. It was in this context that the Corporate Governance arises in our country. In 2000, the Bolsa de Valores de São Paulo – BOVESPA, established the Novo Mercado, whose goal was to create a high level standard of Corporate Governance in the brazilian stock market. Within this new context arise the levels of Corporate Governance (level I and level II), which, through a set of rules, aim to provide greater transparency on the management of companies that are subject to this system. The objective of this study was to analyze the feasibility of implementing the level I of Corporate Governance in the Instituto Federal de Educação, Ciência e Tecnologia de São Paulo, specifically on campus Hortolândia, a local school that belongs to the federal network of professional, scientific and technological education. To achieve this purpose, the present research deals with a case study, in which a descriptive-qualitative research was carried out through observations of the material obtained through semi-structured interviews and documentary research. Documentary research, based on the analysis of laws, normative acts and the institution’s statute allowed us to conclude that the institution has legal and normative bases that provide support for the implementation of this management model. In the semi-structured interviews, 12 individuals were interviewed, including members of campus administration, counselors and a manager who works at the Rectory. Through the analysis of interviews, it was also possible to conclude that the implementation of the Campus Council (CONCAM) has brought great progress to the practice of shared management within the organization, but that there are still several aspects to be improved to consolidate this management model in the institution, such as the improvement of transparency, accountability and social participation promotion tools, which enables the implementation of a corporate governance system with the characteristics of the BOVESPA's Corporate Governance Level I. / A Governança Corporativa é um assunto atual e de grande relevância para a gestão organizacional. No setor público, a Governança Corporativa ganhou papel de destaque com o movimento denominado New Public Management (NPM), iniciado nos anos 1980, durante a gestão de Margaret Thatcher frente ao parlamento do Reino Unido. Este movimento tinha por objetivo trazer métodos e ferramentas desenvolvidos e empregados com sucesso no setor privado para a administração pública com a finalidade de enxugar o aparelho estatal, tornar sua operacionalização mais eficaz e criar mecanismos de responsabilização do agente público por suas ações no exercício de suas funções. No Brasil, essas mudanças ganharam força durante o governo do presidente Fernando Henrique Cardoso, em 1995, com a reforma do aparelho de Estado promovida pelo então ministro Bresser Pereira. Foi neste contexto que a Governança Corporativa surgiu em nosso país. No ano 2000 a Bolsa de Valores de São Paulo – BOVESPA, instituiu o Novo Mercado, com o objetivo de criar um padrão diferenciado de Governança Corporativa no mercado brasileiro de ações. Dentro deste novo contexto surgem os níveis diferenciados de Governança Corporativa (nível I e nível II), que, através de um conjunto de regras, conferem maior transparência à gestão das empresas que se submetem ao sistema. O objetivo deste trabalho foi analisar a viabilidade de implementação do Nível I de Governança Corporativa no campus Hortolândia do Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP), uma autarquia da Rede Federal de Educação Profissional, Científica e Tecnológica. Para atingir este intento, a presente pesquisa trata de um estudo de caso, no qual empregou-se uma pesquisa descritiva-qualitativa realizada através de observações do material obtido por meio de entrevistas semiestruturadas e pesquisa documental. A pesquisa documental, que se assentou sobre a análise de leis, atos normativos e do estatuto da instituição, nos permitiu concluir que a instituição possui bases legais e normativas que provêm sustentação para a implementação deste modelo de gestão. Nas entrevistas semiestruturadas foram entrevistados 12 indivíduos, entre eles, membros da administração do campus, conselheiros e um gestor vinculado à Reitoria. Através da análise destas entrevistas também foi possível concluir que a implantação do Conselho de Campus (CONCAM), trouxe grande avanço à prática de gestão compartilhada dentro da organização, mas que ainda existem diversos aspectos a serem aprimorados para que o modelo de gestão venha a se consolidar dentro da instituição, tais como o aprimoramento das ferramentas de transparência, prestação de contas e de promoção da participação da comunidade, o que torna viável a implantação de um sistema de Governança Corporativa com as características do Nível I de Governança Corporativa da BOVESPA.

MCom / Department of Business Management / Government regulations are needed to achieve a range of economic and social objectives which are beneficial to the nation as a whole. However, many countries experience problems with their regulatory systems as they invariably impose costs on businesses. In South Africa, it comes in the form of red tape, high taxes, labour laws and corruption. This places various regulatory burdens including compliance, administrative costs and other costs that may adversely influence firms’ productivity and frustrate their overall business performance and growth, particularly the small business sector. Given this sector’s indisputable contribution towards the overall economic health of the nation, it is important to address its concerns regarding the issue of the regulatory environment and government policy, in order to initiate corrective action and introduce regulatory reforms. Again, it is important to point out that not all businesses within the small business sector suffer under the weight of regulation. The purpose of this study was to examine the extent to which South Africa’s regulatory environment curtails the growth of the small business sector as well as determine whether the different categories of firms within the Small Business Sector (micro, very small, small or medium) bears different regulatory burdens. This study was carried out in Polokwane, Capricorn District Municipality, Limpopo Province, South Africa. To address the research problem, the positivist paradigm was used. The study used the mixed research method and the descriptive research design. The stratified sampling technique was used to determine various characteristics of the study population, while the convenience sampling technique was used due to constraints in reaching everyone in the population. The aim was therefore to find a representative sample of that population. Thus, to ensure that the population was representative, a sample size of 121 participants was derived using the Raosoft sample size calculator as well as other criteria. Questionnaires were utilised as the data collection tool and the collected data were analysed using SPSS version 25. Descriptive statistics, cluster analysis and Kruskal Wallis were also used to analyse the collected data. Results indicate that to a certain extent, the regulatory environment influences the small business sector negatively. On the other hand, the efforts and skills of the business owner influence their success and ability to remain in business, thus influencing the growth of the sector. The results also show that different categories of businesses within the small business sector bear different burdens, owing to certain characteristics they are defined by. / NRF

Made available in DSpace on 2010-04-20T20:48:23Z (GMT). No. of bitstreams: 3 68492.pdf.jpg: 20813 bytes, checksum: 0001e6d692a415578581d24eb0f74dc6 (MD5) 68492.pdf: 2153990 bytes, checksum: 9c5fb8717416e22ab2e567a1a69b21f2 (MD5) 68492.pdf.txt: 907628 bytes, checksum: 775a7074a73521e39a02096c4730361b (MD5) Previous issue date: 2004-04-16T00:00:00Z / Recent changes in the Brazilian regulatory environment demand the creation of a new institutional context that allows to one better joint in the relation between State and society. The new experience based on the creation of “regulatory agencies” in Brazil evidences the deficiencies of its logic. This work, from revisions of the institutional and regulation theories, examines the sprouting and functioning of the current brazilian regulatory framework, especially the mechanisms of social control, and constructs a model that considers the interrelation enters the institucional dynamic of the spheres social and politics and, consequently, in one real public participation in the regulation process. / Mudanças recentes no ambiente regulatório brasileiro demandam a criação de um novo contexto institucional que permita uma melhor articulação na relação entre Estado e sociedade, em especial no que se refere aos mecanismos de controle social. A nova experiência baseada na criação de “agências reguladoras” no Brasil evidencia as deficiências de sua lógica. O trabalho apresentado, a partir de revisões da teoria institucional e da regulação, examina o surgimento e funcionamento do atual quadro regulatório brasileiro, e constrói um modelo que considera a inter-relação entre as dinâmicas institucionais das esferas social e política e, conseqüentemente, em uma real participação pública no processo de regulação.