Sigismundo Bialoskorski NetoUniversity of São Paulo | USP · Ribeirão Preto School of Economics, Administration and Accounting (FEARP)
Sigismundo Bialoskorski Neto
Phd
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Publications (60)
Com o intuito de melhorar a eficiência e transparência das cooperativas de crédito e fortalecer essas cooperativas, o Banco Central do Brasil diagnosticou as características da governança das cooperativas de crédito e recomendou uma série de boas práticas. Para adoção das práticas de governança corporativa existe um custo associado a essa nova prát...
Cooperatives are formed by members, frequently small economic agents. This research triesto answer the followingquestion:What is the role of trust in cooperatives withintheir cultural andinstitutional frameworks?Thatis, we seek todevelop a conceptual analysis oftrust behavior in the life cycle of cooperativesas calculus-based trust, knowledge-based...
Monitoring helps in incentive mechanisms and punishment because it allows us to observe the behavior and give credibility to the system because the agent understands that monitoring is to redevelop or punish their attitudes. It requires the development of a monitoring framework that recognizes the existence of heterogeneity of members and that allo...
O presente artigo tem como objetivo investigar qual é a agregação de valor e a distribuição de riqueza das cooperativas agropecuárias. Para que a cooperativa cumpra a sua função é necessária a geração de riqueza por ela e sua distribuição. Portanto, analisar o desempenho de uma cooperativa somente por meio do modelo tradicional de avaliação de dese...
This book is a collection of academic essays on the organizational economics of cooperatives. The main purpose is to explain the essential concepts of the contractual logic of governance in cooperatives. This piece is organized in three parts. The first part explains the history of coopertaives in Latin America and Brazil, their path dependence and...
This study aims to investigate the factors that affect the market exit of Brazilian singular credit unions from 1995 to 2009; it also identifies and lists the determinants of various types of market exits and analyzes whether profitability is a significant factor for credit union survival. This study was conducted with accounting data provided by t...
Esta pesquisa tem como objetivo a determinacao das variaveis estrategicas de agregacao de valor que influenciam a geracao do valor adicionado das cooperativas agropecuarias. Para tanto, empregou-se testes de medias, Mann-Whitney e Kruskal-Wallis , com dados de 76 cooperativas agropecuaria do Estado do Rio Grande do Sul nos anos de 2011 e 2012. Como...
Com o intuito de melhorar a eficiência e transparência das cooperativas de crédito, o Banco Central do Brasil diagnosticou as características da governança e definiu uma série de boas práticas. O objetivo do trabalho é analisar os custos das práticas de compliance e disclosure da governança corporativa e a percepção desses custos pelos cooperados d...
Esse trabalho tem como objetivo analisar se as principais práticas de governança corporativa em cooperativas de crédito tem correlação com variáveis que caracterizam tamanho e escala financeira das cooperativas e em particular a variável de divisão entre a propriedade e a gestão. Para tanto, se utilizou dos dados do projeto de Boas Práticas de Gove...
Cooperativas de crédito atuam na intermediação financeira entre seus sócios-cooperados, proporcionando a transferência de recursos entre agentes superavitários e deficitários de liquidez. Paralelamente, e em complementação às demandas dos cooperados, realizam operações financeiras com outras instituições financeiras, captando recursos no mercado fi...
Co-operative organizations have a unique property and decision rights distribution system that involve management problems and transaction costs. Such structure creates equity rights and risk transfers that directly affect these organizations' self-management efficiency. This paper analyses those costs and sources of inefficiency to explain their p...
Organizações cooperativas têm um sistema único de distribuição de direitos de propriedade e decisão que envolvem problemas de gerenciamento e custos de transação. Tal estrutura cria direitos de propriedade e transferências de risco que afetam diretamente a eficiência do gerenciamento autônomo destas organizações. Este documento analisa os custos e...
Co-operative organizations have a unique property and decision rights distribution system that involve management problems and transaction costs. Such structure creates equity rights and risk transfers that directly affect these organizations' self-management efficiency. This paper analyses those costs and sources of inefficiency to explain their p...
This book is a collection of academic essays on the organizational economics of cooperatives. A shortened reproduction of the original Portuguese version, this text is the result of research and analysis on the governance logic of cooperatives in Brazil.
The main purpose of this book is to explain the essential concepts of the contractual logic of...
Livro com diversos capítulos originários de papers publicados em revistas arbitradas. Versa sobre economia e gestão de organizações cooperativas. Prefacio de Diva Benevides Pinho e Marcio Lopes de Freitas, Prologo de Roberto Rodrigues. Parte I Historia e Economia, Parte II Cooperativas e Estrutura de Capital, Parte III Cooperativas e Arquitetura Or...
The present paper aims to analyse credit co-operatives' financial performance in the last ten years compared to other financial institutions. The analysis was based on financial position and percentage of assets, net equity, deposits and credit operations, the most representative accounts in the balance sheet of a financial institution, as well as...
Credit unions generate surpluses over their operations by the difference between rates charged less cost of services and/ or the
difference between rates paid and charged in the operations of financial intermediation between their members. In this context, there
are important management decisions in both policies regarding the generation of those s...
Credit unions generate surpluses over their operations by the difference between rates charged less cost of services and/ or the difference between rates paid and charged in the operations of financial intermediation between their members. In this context, there are important management decisions in both policies regarding the generation of those s...
A partir do início da década de 90, ocorreram diversas mudanças no ambiente institucional do cooperativismo brasileiro, em função dos problemas macroeconômicos que elevaram a alavancagem e a necessidade de as cooperativas obterem recursos financeiros junto a terceiros. Essa situação se intensificou nos últimos anos para manter a competitividade das...
Our goal in this paper is to evaluate the quantitative effects on exports of agricultural commodities of Brazilian cooperatives from several scenarios of possible trade agreements faced by Brazil. This paper is focused on exports of commodities under higher influence of cooperative firms. We use a computable general equilibrium model to simulate al...
Owing to macroeconomic problems in Brazil in the late nineties, some modifications occurred in the agricultural cooperatives institutional environment that had influence on debt level and compromised the cooperative enterprises leverage on financial market resources. This situation has improved, in recent years, to maintain cooperatives' organizati...
Resumo
This work evaluates the importance of internationalization strategies for agricultural cooperatives in the MERCOSUL. A discussion of barriers to the internationalization of cooperatives is also presented, such as spatial/geographic contradictions – delocalization in cooperatives — finance difficulties, governance, and cultural problems. Nex...
El cooperativismo brasileño puede ser analizado bajo diferentes ópticas como
en relación a la naturaleza económica de la interacción de los cooperados,
como cuanto al sistema de representación del cual participen. Con relación al
segmento productivo de la cooperativa, la Organización de las Cooperativas
Brasileñas – OCB define trece ramos de cooper...
El cooperativismo brasileño puede ser analizado bajo diferentes ópticas como en relación a la naturaleza económica de la interacción de los cooperados, como cuanto al sistema de representación del cual participen. Con relación al segmento productivo de la cooperativa, la Organización de las Cooperativas Brasileñas – OCB define trece ramos de cooper...
The objective of this work was to identify the main economic and financial indicators which should be considered in the evaluation of the performance of agricultural cooperatives. Cooperatives have two dimensions, social and economic, and studies have shown that, in agricultural cooperatives, the social performance is a consequence of the economic...
The cooperative organizations in general, and the agricultural cooperatives in particular, continuously face diverse constraints to its operations and results. That is, beyond the challenges from the markets where they act which they have to struggle with, they would still have to face constraints due to their condition of cooperative organization,...
Resumo: Este ensaio analisa a influência da função objetivo, do núme-ro de associados e do desempenho econômico da organização coope-rativa na participação de associados nas assembléias gerais ordinárias e em comitês educativos. São analisados dois modelos de regressão que permitem considerar que há uma correlação negativa entre o de-sempenho econô...
Resumo -Problemas macroeconômicos e de política agrícola provocaram impactos no desempenho financeiro das cooperativas agropecuárias, o que as levou a obter recursos junto a terceiros. Entretanto, a existência de assimetria de informações entre seus dire-tores, cooperados e mercado financeiro requer uma classificação de rating. Diante disso, é obje...
Trabalho de Conclusão de Curso apresentado ao Departamento de Economia da Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto da Universidade de São Paulo.
This study analyses the role played by management in Brazilian agricultural co-operatives in terms of how their objectives and their governance are focused. The analysis explores ways of running agricultural co-operatives, comparing traditional co-operatives, which focus on the economic side, and co-operative forms of financial solidarity, in which...
Brazil's collectivistic cultural orientation influences the contractual design of producer-owned and controlled organizations in agribusiness. The institutional environment consisting of an inflexible legal system, bureaucracy, and hierarchy path dependence also creates a particular contractual design in cooperatives. It is possible to observe more...
This essay presents a theoretic discussion regarding the importance of human and social capital, and the methods of managing contractual relations. As a specific case it analyses agricultural co-operatives, and the generation of value from agricultural production. It presents a multivariate analysis and a logarithmic, linear progression weighted wi...
Agricultural cooperatives in Brazil, as in other countries, develop through vertical integration in order to promote industrialization of the agricultural product and to aggregate the value of agricultural commodities. The vertical integration strategy was a predominant business planning adopted by Brazilian agricultural cooperatives in the 1980s....
Resumo Este trabalho explora o impacto de determinadas características organizacionais de cooperativas sobre suas decisões financeiras. Procede-se a uma análise teórica da questão financeira em tais organizações, definido-se variáveis importantes para o estudo da estrutura de capital e das decisões de investimento, tais como a natureza do patrimôni...
This paper discusses the impact of certain organizational characteristics on financial decisions of cooperatives. A theoretical analysis is presented, including the discussion of some important variables to study capital structure and investment decisions in cooperatives, such as the nature of equity, cost of capital, organizational incentives, and...
This essay discusses the nature of the co-operative agricultural enterprise, from the point of view of contractual relationships, based on the approach of the New Institutional Economics and particularly the Transactions Costs Economics. The intention of this study was to analyze enterprise growth and adaptation capacity, in terms of survival in th...
The cooperativism is an organizational form of production and agroindustrial system coordination. The new economics exigencies, because the opening the national markets, imply that co-op enterprises must have new patterns of economic efficiency and resources allocation. For the co-ops enterprise establish in markets, with its characteristics, is ne...
Due to the presence of asymmetric information and problems such as adverse selection and moral hazard, the rural area is rather unattractive to the current financial system. The selection mechanisms and customers' monitoring present high costs and they can interfere in the economic performance of financial institutio ns. With low transaction and op...
The cooperative organizations in general, and the agricultural cooperatives in particular, continuously face diverse constraints to its operations and results. That is, beyond the challenges from the markets where they act which they have to struggle with, they would still have to face constraints due to their condition of cooperative organization,...
The institutional environment and uncertainty may influence the contractual design of producer-owned and controlled organizations in agribusiness. In Brazilian co-operatives, it is possible to observe more informal and relational behavior than formal written contractual relations. This essay discusses and explains why informal and relational contra...
Summary This study discusses about agricultural cooperatives capital structure with the New Institutional Economics approach, in particular the Transaction Costs Economics point of view. At the end, it is possible to conclude that the co-operative enterprise, as a consequence of the financial governance costs, presents a wider structure of transact...
In Brazil, collectivist society behavior culture and a particular institutional environment, with a non-flexible law system, influence the contractual design of producers-owned-and-controlled organizations - cooperatives. It is possible to observe in Brazilian cooperatives organizations more intense informal and relational behavior among members in...
The aim of this study was to analyze the transaction costs and the financial governance implications in the agroindustrial system financing architecture, inside their boundaries and between the process different stages. Therefore, the reader is positioned according to the recent modifications in the firm external setting and, in particular, in the...
This work evaluates the importance of internationalization strategies for agricultural cooperatives in the MERCOSUL customs union (composed of Argentina, Brazil, Paraguay, and Uruguay). After an overview of the cooperative agriculture sector and the current agribusiness trends in the countries, internationalization strategies and trade expansion op...
In Brazil, the relatively collectivist society and the particular institutional environment with an inflexible law system influence the contractual relations on co-operatives owned and managed by producers. It is possible to observe that Brazilian co-operatives organizations are more intensively based on informal relations among its members than fo...
As cooperativas, assim como as demais empresas do pais atuam em um contexto economico-financeiro submetido a transformações rapidas e profundas. De um ambiente marcado pela alta inflação, diversos planos de estabilização econômica, com alto grau de intervenção e economia fechada, caminhou-se para uma economia inserida no contexto global e com relat...
Trabalho de Conclusão de Curso apresentado ao Departamento de Economia da Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto da Universidade de São Paulo.
Trabalho de conclusao de curso. Bibliografia.
Tese (Doutorado)--Escola Superior de Agricultura Luiz de Queiroz da Universidade de São Paulo.
A presente Tese discute a natureza da firma cooperativa, de acordo com a análise das relações contratuais, utilizando-se do instrumental teórico da Nova Economia Institucional, particularmente sob o ponto de vista da Economia dos Custos deTransação - ECT, e da "Agency Theory"- AT. O objetivo deste estudo é analisar o crescimento da firma cooperativ...
