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International Business Management

ISSN: Online
ISSN: Print 1993-5250
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Essay Theoretical on the Conflicts of Agencies and the Mechanisms of Corporate Governance in the Public-Private Partnerships in the Transport Segment in Brazil

Ruan Carlos Dos Santos and Lidinei Eder Orso
Page: 90-102 | Received 21 Sep 2022, Published online: 21 Sep 2022

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https://doi.org/10.36478/ibm.2018.90.102

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Abstract

This theoretical essay is based on theories of corporate governance such as the Agency theory to bring theoretical propositions about governance among public-private companies that in the regulated sectors as is the case of the transport and logistics segment in Brazil. This research will also try to fill a little more the gap in the discussion of the main aspects of the agency theory that is the assumptions about the behavior of the shareholders and executives in the companies; delegation of authority to administrators; agency costs resulting from the organization’s decision making and management behavior control mechanisms which help in financial sustainability in the transportation and infrastructure sector of the countries. Based on the essential elements of this theory, corporate governance mechanisms are developed, focused on ownership structure, board of directors and legal system, aimed at maximizing the value of the company and protecting the investments of its owners, aiming at a better relationship of the investments and contribution of financial resources of the private companies with the sustainable policy of the government in maintaining the sectors of infrastructure and transport privatized. Three propositions of studies are presented that can encourage future empirical investigations on the subject.

How to cite this article:

Ruan Carlos Dos Santos and Lidinei Eder Orso. Essay Theoretical on the Conflicts of Agencies and the Mechanisms of Corporate Governance in the Public-Private Partnerships in the Transport Segment in Brazil.
DOI: https://doi.org/10.36478/ibm.2018.90.102
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2018.90.102