Destination of wealth for employees in Brazil: comparison between state and private companies in the electric sector (2004-2007)

Authors

  • Esmael Almeida Machado Universidade Estadual de Mato Grosso do Sul; Unidade Universitária de Ponta Porã
  • Rafael Borges Morch Universidade Federal do Rio de Janeiro; Faculdade de Administração e Ciências Contábeis; Programa de Pós-Graduação em Ciências Contábeis
  • Dilo Sergio de Carvalho Vianna Universidade Federal do Rio de Janeiro; Faculdade de Administração e Ciências Contábeis; Departamento de Administração
  • Ruthberg dos Santos Universidade Federal do Rio de Janeiro; Faculdade de Administração e Ciências Contábeis; Programa de Mestrado em Ciências Contábeis
  • José Ricardo Maia de Siqueira Universidade Federal do Rio de Janeiro; Faculdade de Administração e Ciências Contábeis

DOI:

https://doi.org/10.1590/S1519-70772009000200008

Keywords:

Energy sector, Distribution of wealth, Statements of cash flows

Abstract

Several studies compare the effects of privatization in state and private companies, where they discuss issues like economic efficiency and the social role of business. Many indicate that state enterprises are less efficient economically, but that they develop social responsibilities, including the distribution of income. Based on this information, this study aims to determine if there are significant differences among state and private enterprises in the electric sector, related to the distribution of wealth generated to employees. Data were collected from the Statement of Cash Flows and the Social Balance Sheet, for the period from 2004 to 2007. First, it was examined whether there was any difference in the percentage of the distribution of wealth generated for the employees. Then, it was checked if there was any difference in the number of employees from private and state companies. Finally, it was verified if there was any difference in average pay per capita. To examine this connection, Mann-Whitney's non-parametric test was used. The tests indicate that companies spend more on state officials than on private employees and that the origin of these differences is the amount of staff in 2006 and, additionally, higher earnings.

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Published

2009-08-01

Issue

Vol. 20 No. 50 (2009)

Section

Articles

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How to Cite

Machado, E. A., Morch, R. B., Vianna, D. S. de C., Santos, R. dos, & Siqueira, J. R. M. de. (2009). Destination of wealth for employees in Brazil: comparison between state and private companies in the electric sector (2004-2007) . Revista Contabilidade & Finanças, 20(50), 110-122. https://doi.org/10.1590/S1519-70772009000200008