Vicente Lima Crisóstomo

Possível estratégia de ativismo de fundos de pensão no Brasil

Shareholder activism can be seen as an active behavior of shareholders when they start to impose their needs to the company direction. In different markets, mainly in usa, individual and institutional shareholders have used activism strategies with the purpose of defending their interests. This work has as main objective showing facts, in the Brazilian market, that may indicative the existence of an activism strategy adopted by the pension funds in Brazil. As result it can be mentioned the growing participation of such funds in the voting capital of companies in the period 1995-2002. Besides that, it is also shown a comparative analysis of some performance indices of companies with and without such strong institutional presence in the voting capital.

ANÁLISE DOS INDICADORES DE GESTÃO DAS IFES E O DESEMPENHO DISCENTE NO ENADE

There a trend toward the evaluation of higher education in many countries, taking into account institutional management and student performance. In Brazil, the topic has been debated for some time with concrete evaluation experiences recently. Federal Universities (IFES) are evaluated through management indexes proposed by TCU (Federal Court of Audit). Meanwhile, students are evaluated by ENADE (National Examination of Student Performance). In a certain way, management indexes may be additional instruments for IFES management. The purpose of this work is analyzing possible relations between management indexes and students performance at ENADE. We have analyzed a sample of 52 IFES in the period 2006-2008. Results signal that, indeed, some management indexes seem to be able to influence students performance. This is the case, for example, of the cost by student that has shown a positive effect on students performance.