The Dynamics of Large Publicly Traded Corporations in Santa Catarina, Brazil

The research comprised the study of three public companies: BRF SA, Tupy SA, and WEG SA. These companies present a high level of technological development, with administrative headquarters located in Santa Catarina - Brazil, with business in several countries. The aim was to accompany historical development, geographic expansion, and business evolution of such companies in Brazil and in the world. Moreover, to identify the role of stock market for their development, and the activity of large pension and investment funds (holders of large global shareholdings ā€“ by 2013, both accounted for the equivalent to 75.5% of world GDP). For this purpose, visits and interviews were carried out at the companiesā€™ headquarters, at stockbrokers, and at the stock exchange of Sao Paulo (in 2015, 52.8% of investors of BM&FBovespa SA were foreigners). It was observed the high development capacity acquired with the implantation of such corporations for local and regional society. Expansion and emergence of significantly populous neighborhoods occurred, as well as the establishment of colleges and technical schools for local labor qualification, among others. Certainly, the creation of a solid stock market was of great importance for the expansion of industrial activity (investment in new manufacturing parks, technological upgrading, verticalization, among others). The current phase of world capitalism evidences the expansion of international trade, fluctuating exchange rates, and greater liquidity of markets. Therefore, the insertion of the economy of Santa Catarina, Brazil is a dynamic reality, where each step is required to improve management, production, and technology of big companies.



Author Information
Luiz Carlos Valente Junior, Federal University of Santa Catarina, Brazil

Paper Information
Conference: ECSS2017
Stream: Economics and Management

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