TRUST VERSUS CONTROL: ANALYSIS OF THE GOVERNANCE OF THE GUARANTEE FUND INVESTMENT
This article analyzes the change in the control mechanisms and trust-building in the relational governance of Investment Guarantee Fund (FGI in Portuguese acronym), a guarantee fund managed by National Bank of Economic and Social Development (BNDES in Portuguese acronym). The Fund provides guarantee...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2014 |
| País: | Brasil |
| Institución: | Universidade do Sul de Santa Catarina (UNISUL) |
| Repositorio: | Revista Eletrônica de Estratégia e Negócios |
| Idioma: | portugués |
| OAI Identifier: | oai:portaldeperiodicos.animaeducacao.com.br:article/1642 |
| Acceso en línea: | https://portaldeperiodicos.animaeducacao.com.br/index.php/EeN/article/view/1642 |
| Access Level: | acceso abierto |
| Palabra clave: | Trust Control Governance Alliances Guarantee Schemes. Confianza Gobernación Alianzas Esquemas de garantía. Confiança Controle Governança Alianças Esquemas de Garantia. |
| Sumario: | This article analyzes the change in the control mechanisms and trust-building in the relational governance of Investment Guarantee Fund (FGI in Portuguese acronym), a guarantee fund managed by National Bank of Economic and Social Development (BNDES in Portuguese acronym). The Fund provides guarantees for Microentrepreneurs, Small and Medium Enterprises (MPMEs in Portuguese acronym) access to credit and depends on the adhesion of financial agents to operate. For this analysis we used trust and control models in inter-organizational relationships and guarantee systems. The method used was a single case study conducted with the fund manager with documental analysis and semi-structured interviews. The results of analysis indicated that, to expand its operations, the fund had to migrate from a governance structure with structural perspective based in controls, used in the previous experience, the FGPC, to a relational structure that generates trust of financial agents. |
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