{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,8]],"date-time":"2026-04-08T08:46:31Z","timestamp":1775637991134,"version":"3.50.1"},"reference-count":28,"publisher":"FapUNIFESP (SciELO)","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Cad. EBAPE.BR"],"abstract":"<jats:p>Resumo Este estudo visa a identificar como mecanismos de controle externo e interno da governan\u00e7a corporativa, tipicamente considerados no setor empresarial privado, s\u00e3o aplicados ou transformados para o setor p\u00fablico nas empresas estatais. A partir de uma revis\u00e3o do problema de ag\u00eancia e dos mecanismos propostos para sua mitiga\u00e7\u00e3o no contexto empresarial, este estudo analisa a situa\u00e7\u00e3o da governan\u00e7a das empresas estatais no Brasil e em Portugal, com vistas a comparar as solu\u00e7\u00f5es adotadas nos dois pa\u00edses e as necessidades de desenvolvimento. Al\u00e9m de compartilhar hist\u00f3rias e fundamentos culturais comuns, esses pa\u00edses s\u00e3o caracterizados como ambientes de pouca seguran\u00e7a aos investidores e fragilidade de instrumentos de solu\u00e7\u00e3o de lit\u00edgios, por estruturas de propriedade concentradas e por mercados de capitais ainda insuficientes para pressionar o comportamento das empresas, condi\u00e7\u00f5es que fragilizam os mecanismos de mercado de controle externo e amplificam a influ\u00eancia das peculiaridades das quest\u00f5es internas de governan\u00e7a das estatais. As an\u00e1lises apontam significativas evolu\u00e7\u00f5es recentes nas pr\u00e1ticas de governan\u00e7a das estatais, mas identificam desafios que ainda precisam ser direcionados.<\/jats:p>","DOI":"10.1590\/1679-395172454","type":"journal-article","created":{"date-parts":[[2018,5,5]],"date-time":"2018-05-05T15:15:13Z","timestamp":1525533313000},"page":"2-13","source":"Crossref","is-referenced-by-count":4,"title":["Mecanismos de controle na governan\u00e7a corporativa das empresas estatais: uma compara\u00e7\u00e3o entre Brasil e Portugal"],"prefix":"10.1590","volume":"16","author":[{"given":"Joaquim Rubens","family":"Fontes Filho","sequence":"first","affiliation":[{"name":"Funda\u00e7\u00e3o Getulio Vargas,  Brazil"}]},{"given":"Carlos Francisco","family":"Alves","sequence":"additional","affiliation":[{"name":"Faculdade de Economia da Universidade do Porto e CEF,  Portugal"}]}],"member":"530","published-online":{"date-parts":[[2018,1]]},"reference":[{"issue":"1","key":"ref1","first-page":"5","article-title":"Presidencialismo de coaliz\u00e3o: o dilema institucional brasileiro","volume":"31","author":"ABRANCHES S","year":"1988","journal-title":"Dados"},{"issue":"3","key":"ref2","doi-asserted-by":"crossref","first-page":"377","DOI":"10.2307\/2331397","article-title":"Firm performance and mechanisms to control agency problems between managers and shareholders","volume":"31","author":"AGRAWAL A.","year":"1996","journal-title":"Journal of Financial and Quantitative Analysis"},{"key":"ref3","series-title":"Handbook of the Economics of Finance","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/S1574-0102(03)01005-7","volume-title":"Corporate governance and control","volume":"1","author":"BECHT M.","year":"2003"},{"issue":"3","key":"ref4","doi-asserted-by":"crossref","first-page":"901","DOI":"10.1162\/00335530152466269","article-title":"Are CEOs rewarded for luck? 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