Government ownership in Brazilian publicly traded companies: A descriptive analysis
Published:
Sep 4, 2025
Volume:
23
Keywords:
Ownership structure
Corporate governance
Privatization
Government
Abstract
This study aimed to assess the relevance of government ownership in Brazilian publicly traded companies from 2010 to 2019, analyzing both direct and indirect shareholding. The findings confirm a significant influence, with the government holding
some level of direct or indirect shareholding in 26% of the sample observations. This research contributes to the literature by offering a novel methodology to compute Brazilian government ownership, classifying it into direct and indirect forms. By elucidating the multifaceted forms of government influence, this study provides valuable data for investors and policymakers to assess governance risks and strengthen regulations in the Brazilian capital market.
How to cite
Martha Regina Meira Bianchi, Francisco Henrique Figueiredo Castro. Government ownership in Brazilian publicly traded companies: A descriptive analysis. Brazilian Review of Finance, v. 23, n. 1, 2025. p. e202514. DOI: 10.12660/rbfin.v23n1.2025.93982.
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