The influence of the upper echelons in the return on the assets of companies that make up part of the non-cyclical consumer goods and services economic sector

Authors

  • Daiane Antonini Bortoluzzi Federal University of Santa Catarina
  • Maryely Andrea Jimenez Franco Federal University of Santa Catarina
  • Silvio Aparecido Silva Aparecido Silva Federal University of Paraná
  • Rogério João Lunkes Federal University of Santa Catarina

DOI:

https://doi.org/10.17230/ad-minister.31.4

Keywords:

Upper echelons theory, demographic characteristics, performance evaluation

Abstract

The upper echelons theory, which was initially introduced by Hambrick and Mason (1984), affirms that the cognitions, values, and perceptions of senior executives influence the strategy selection process, and consequently, the company’s performance. Accordingly, the overall objective of this study was to verify the existence of the influence of demographic characteristics of senior executives in the business economic performance of the companies listed in the non-cyclical sector of the BM&FBOVESPA (Sao Paulo Stock Exchange in Brazil) in 2014. The study sample consists of 39 companies of the non-cyclical sector and the data collected were then provided by 182 directors. Based on the results, it was noted that among variables such as education level, age, gender, and time in office, age was the only variable that did not show any statistically significant relationship with the organizational performance.

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Author Biographies

  • Daiane Antonini Bortoluzzi, Federal University of Santa Catarina

    Doctoranda en Administración, programa de Pós-Graduação em Administração da Universidade Federal de Santa Catarina (UFSC).

  • Maryely Andrea Jimenez Franco, Federal University of Santa Catarina

    Maestranda en Contabilidad, programa de Pós-Graduação em Contabilidade da Universidade Federal de Santa Catarina (UFSC).

  • Silvio Aparecido Silva Aparecido Silva, Federal University of Paraná

    Doctorando en Ingeniería de Producción, programa de Pós-Graduação em Engenharia de Produção (PPGEP) da Universidade Federal de Santa Catarina (UFSC). Magíster en Métodos Numéricos em Engenharia pela Universidade Federal do Paraná (UFPR).

  • Rogério João Lunkes, Federal University of Santa Catarina

    Posdoctorado en Contabilidad, Universidad de Valencia (España). Profesor del programa de Pós-Graduação em Contabilidade e Administração pela Universidade Federal de Santa Catarina.

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Published

2017-10-31

Issue

No. 31 (2017)

Section

Research Articles

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How to Cite

Antonini Bortoluzzi, D., Jimenez Franco, M. A., Aparecido Silva, S. A. S., & João Lunkes, R. (2017). The influence of the upper echelons in the return on the assets of companies that make up part of the non-cyclical consumer goods and services economic sector. AD-Minister, 31, 59-74. https://doi.org/10.17230/ad-minister.31.4