Study of state ownership and social performance wins best paper award at EnANPAD 2023
Doctoral student Leonardo Henrique de Pilla, together with Rodrigo Leite, a graduate of Fundação Getulio Vargas’ Brazilian School of Public and Business Administration (FGV EBAPE), co-authored a study titled “State Ownership and Corporate Social Performance: The Moderating Roles of Control Rights and Political ideology” and received the top prize – the Clovis L. Machado da Silva Award – at the 47th Meeting of the National Association for Graduate Studies and Research in Administration (ANPAD), EnANPAD 2023.
In addition to this award, Pilla and Leite also won the prize in the Strategy in Organizations category. Their study investigated how state ownership of companies can affect corporate performance in its social and environmental dimensions. “We demonstrated empirically that when the state is the majority shareholder in a company, this is positively associated with performance in the social dimension,” Pilla says.
“Another significant finding is that the further a government that controls a state-owned company is positioned to the right on the political spectrum, the lower the association between state ownership and the social dimension of corporate social performance,” he adds.
Rodrigo Leite, a former FGV EBAPE student who in 2016 won the EnANPAD award for best accounting article, says that winning the Clovis L. Machado da Silva Award at the 2023 edition of EnANPAD is certainly a highlight of his career. “This is the main academic award for papers in the area of management in Brazil and EnANPAD is the second largest management conference in the world, so it’s an extremely competitive award. This demonstrates the quality of the work done, especially by my co-author Leonardo Pilla, the driving force behind this project. Our goal now is to publish this paper in a high-impact international journal,” he says.