Purpose: This paper aims to contribute to research on corporate governance in regulated sectors, with emphasis in the field of activity of foreign investors through the ownership structure and legal system that regulates companies in Brazil.Design/methodology/approach: In the first moment, the investigation had a quantitative approach of relational nature. Based on the data about the valuation of actions, statistical methods were applied to a secondary database containing measurable information provided by the organizations that operate the Brazilian stock-market and documentary evidence provided by the companies. In the second moment, a qualitative approach was adopted, resorting on the use of semi-structured interviews with investors and agents of the sector.Findings: The results lead to two paths: presenting the perspective that foreign investors play a key role in improving governance practices because foreign ownership mitigates agency problems, provides adequate follow-up and optimizes the use of corporate resources; and evidencing the existence of a mitigation of operational risks in the face of the various obligations imposed by the concession contract with the regulatory agency, without direct interference under the ownership structure of regulated companies.Research limitations/implications: The literature portrays a distinct economic scenario in Brazil, where stock control is pulverized and mechanisms of corporate governance and scope of action of investors and regulated sectors are well-defined and implemented.Practical implications: A great part of the studies from this field discusses the same object: the impact of the adoption of corporate governance mechanisms on selected efficiency indicators or on the value of the companies' actions. This investigation, on the other hand, targeted a differentiated approach so that its contribution would lie in the investigation under the influence of the regulation on the legal attributions and the performance of the investors how many conflicts between the other shareholder/regulatory body, as the control measures import by the regulatory agent the concessionaires of the Brazilian highways and transportation sector.Social implications: The identification of the presence of foreign investors as a determinant for: better performance of companies in Brazilian regulated sector in terms of market valuation; better mitigation of requirements with the regulatory framework for the agencies that regulate the concession sector, targeting a reduction in the asymmetry of information and transparency among all stakeholders.Originality/value: The fact that Brazil is an emerging country that lacks a rigid legal system and corruption-control measures in corporate environments and public sectors, stresses the importance of the application of the “Best Codes of Corporate Governance Practices” in the main developed countries. This also stresses the need for effective supervisory bodies that contribute to a better financial performance of companies, guaranteeing investors the legal system.

Objective: This article is a theoretical essay that presents the limits and potential of the economy in internalizing social and environmental costs, in order to try to recover the reflections on the discussion of the relationship between the economy, the environment and sustainable development. Method: In terms of methodological aspects, the research is classified as a bibliographical study, in which the source of data was obtained through secondary data, periodicals, books and other documents, the aim of which was to seek a deeper discussion of sustainable development. Results: For a long time in human history, economics has sought to achieve the status of a science through mathematical models. However, economics is immersed in the social dimension and the environmental dimension, as it uses natural resources as an input for the production process and human activities. Conclusions: In addition, it presents the trajectory of the concept of sustainable development and the accumulated contributions from world conferences to a reflection on eco-development as a new path for balanced economic growth. This essay points out that it is possible to establish an intersection between the environmental, social and economic dimensions in promoting innovative dynamics of development and sustainability, as pointed out in Rifkin's experience of the Third Industrial Revolution, the ONU contribution to contemporary times with the 2030 Agenda with the Sustainable Development Goals (SDGs) for the whole of international society.

Purpose: Family businesses gain notoriety in academic research because they have peculiarities found only in this type of organization, and it is because of these attributes that this work aims to analyze, through an epistemological look, the results of a systematization that sought for works that use the unique characteristics of family businesses, called familiness, as well as two other constructs that showed attractive adherents and little researched in parities with familiness, organizational entrepreneurship, better known as entrepreneurial orientation and the ability to adapt, called absorption capacity.Design/methodology/approach: To achieve this goal, an investigation of national and international academic production was carried out through a systematization called Proknow-C, being possible to identify the main categorical groups of authors in the area, main journals, besides identifying and analyzing the main objectives and contributions of selected scientific articles.Findings: Among the results obtained, it was possible to consolidate some research intentions inherent to the junction of such constructs, besides directing, which can be the best and most promising fields of research for the application of these constructs and the most indicated methods, based on the three epistemological positions, subjectivism, objectivism and constructivism.Originality/value: This study adds value to the literature on familiness, pointing to a relationship between entrepreneurial orientation and absorption capacity, in contrast to studies focused on other dimensions of social capital, which obtained divergent results. In addition, this study reinforces the unique characteristics of family enterprises, in which this work intends to consolidate a methodological proposal with arguments linked to positivism or interpretativism in the midst of epistemology. The study provides a valuable theoretical framework of familiness determinants connecting the cognitive perspective of the entrepreneur theory to a view of the absorptive capacity.

Objetivo – O registro e divulgação das informações contábeis da empresa, atribuição do profissional de contabilidade, é de suma importância para o processo de tomada de decisão para a empresa-administrador. Esse ensaio teórico apresenta e discute as principais contribuições da teoria acerca da tomada de decisões dos administradores entre a empresa e o processo contábil.Metodologia – Em termos metodológicos este estudo define-se como um ensaio teórico, no sentido que busca através da literatura existente a compreensão do tema de Governança Corporativa em Organizações Não Governamentais. Este estudo pode ser classificado como uma pesquisa bibliográfica teórico-conceitual. O estudo irá buscar na literatura existente do tema, com o intuito de elaborar um referencial teórico sobre Teoria da Agência, Contabilidade e Governança Corporativa.Resultados – Como contribuição à discussão, este trabalho foi desenvolvido a partir de ampla pesquisa bibliográfica em periódicos e eventos brasileiros e internacionais, contemplando fundamentos relacionados a realidade da Contabilidade e as organizações. Apesar de poucas pesquisas abordarem a associação destas teorias com a prática da contabilidade, especialmente no que diz respeito a produção de informação contábil para usuários externos, os achados da investigação expõem a estreita relação entre os dois campos de conhecimento. Contribuições – Entre as principais contribuições das teorias da decisão à ciência contábil, destacam-se os conhecimentos sobre o comportamento humano que podem ser utilizados na contabilidade comportamental, a necessidade de subsídios para os contadores tomarem decisões mais racionais e, principalmente, a possibilidade de aperfeiçoamento dos sistemas contábeis, visando o melhor tratamento das informações para o processo decisório.

Purpose: To evaluate the theme "Code of Ethics and Conduct" in private or public organizations, considering the relationship between ethical issues and good practices in Corporate Governance, measures that subsidize the planning and strengthening of ethical cultures in the interpersonal context.Design / methodology / approach: The descriptive survey relied on the application of questionnaires and obtained 184 responses from organizations of various types. The study was carried out using codes of conduct made available by companies on their websites, characterized as primary sources. The data collected were worked in the SPSS, tabulated and presented as results in the form of tables or graphs, with appropriate analyses.Findings: The results show the adoption of good practices of integrity, especially on the Code of Ethics and Conduct. The adoption of an ethical code can be considered a way to formalize, encourage and guide responsible behavior among employees and organizations. Seen from the outside, it contributes to creating and maintaining a good corporate reputation and stakeholder trust. In this sense, the reasons behind the creation of a code have been stated in the Shareholders' Theory, the Legitimacy Theory and the Stakeholder Theory.Originality / value: The Code of Ethics and Conduct arises as an instrument to guide ethical behavior in organizations. Therefore, it is the declaration of the set of rights, duties, business conduct towards stakeholders, reflecting the culture and set of norms that enrich the company's decision-making processes and guide its behavior.

A Primeira Revolução Industrial potencializou a motorização da produção através da máquina a vapor, a Segunda Revolução Industrial, por meio do aço e da eletricidade, deu vida à produção em massa. Uma Terceira Revolução pode ser atribuída à automatização eletrônica das linhas produtivas e agora, segundo Schwab (2016), o mundo está assistindo a Quarta Revolução Industrial baseada na digitalização dos processos industriais. Este artigo faz uma abordagem história do pensamento da administração da produção demonstrando a sua evolução ao longo de sete períodos. Por meio de uma pesquisa bibliográfica será apresentado os principais elementos que compõe a Indústria 4.0.