The effect of the participation of financial ompanies in non-financial companies in Brazil

Abstract

This article shows the main results of the master's research, whose objective was to analyze the effect of direct or indirect participations of banks in non-financial companies in Brazil, the regulatory environment in which these participations are inserted, drawing a parallel with the North American regulatory environment, as one of the most developed financial markets in the world, with the largest stock exchange traded in the world and the pioneer country in the creation of the most sophisticated financial instruments in the world, specific regulatory treatment in relation to these holdings. To do so, I adopted exploratory research as a methodology, having as sources: books, articles, websites, Brazilian and North American laws, information on the shareholders of investment funds and shareholdings of banks and companies related to them, extracted from used software by professionals of investment banks, among others. As a result, it was possible to detect two large non-financial companies, with significant holdings and influences of banks, direct and indirect, and to point out the effects of these holdings. With this in mind, I intend to contribute to the management research by pointing out the current flaws in the regulatory model and proposing a general and holistic review that corrects the supposedly pernicious interventions of the financial market in the real economy, without avoiding the correct interactions that help in the development of certain sectors that not interested in private initiative.

Keywords:
Banking Holdings; Participating companies; Banks; Regulatory standard of banks; Partner participation