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

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  • Fernanda de Anchieta Gomes

    (Fucape Business School, Brazil)

  • Sergio Augusto Pereira Bastos

    (Fucape Business School, Brazil)

Abstract

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.

Suggested Citation

  • Fernanda de Anchieta Gomes & Sergio Augusto Pereira Bastos, 2020. "Cultural Factors that Positively and Negatively Impact Corporate Governance: Cases of Family-Controlled Firms in Brazil," European Journal of Studies in Management and Business, EUROKD, vol. 16, pages 1-13.
    • Handle: RePEc:bco:mbrqaa::v:16:y:2020:p:1-13
    DOI: 10.32038/mbrq.2020.16.01
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    References listed on IDEAS

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    1. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
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    4. Edward J. Zajac & James D. Westphal, 1994. "The Costs and Benefits of Managerial Incentives and Monitoring in Large U.S. Corporations: When is More not Better?," Strategic Management Journal, Wiley Blackwell, vol. 15(S1), pages 121-142, December.
    5. Jason Briggeman, 2009. "Governance as a strategy in state-of-nature games," Public Choice, Springer, vol. 141(3), pages 481-491, December.
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