Shifts in modes of governance and sustainable development in the Brazilian oil sector

Thereza Raquel Sales de Aguiar; Fatima de Souza Freire

doi:10.1016/j.emj.2017.05.001

Shifts in modes of governance and sustainable development in the Brazilian oil sector

Thereza Raquel Sales de Aguiar, Fatima de Souza Freire

Accountancy & Finance, Accountancy

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

6 Downloads (Pure)

Abstract

This article discusses shifts in modes of governance in the Brazilian oil sector over a 60-year period. On the basis of Driessen et al.'s (2012) framework, we discuss the impact of these shifts on sustainable development. Our results suggest that changes in modes of governance were driven by regulation and mostly associated with shifts in both actors and institutional features but that the underlying rationale of prioritising economic outcomes remained unaffected. The results also confirm that a central governance structure remained in place over time and co-existed in different modes of governance. Petrobras was the backbone of this structure and instrumental in empowering and disempowering non-state actors. This article stresses that a mode of governance furthering sustainable development should promote interactions of large numbers of actors and may require active participation of Petrobras to encourage rationales that support improvements in social and environmental domains.

Original language	English
Pages (from-to)	701-710
Number of pages	10
Journal	European Management Journal
Volume	35
Issue number	5
Early online date	11 May 2017
DOIs	https://doi.org/10.1016/j.emj.2017.05.001
Publication status	Published - Oct 2017

Keywords

sustainable development
modes of governance
oil sector
Petrobras
Brazil

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© 2017. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Accepted author manuscript, 501 KBLicence: CC BY-NC-ND

Thereza Sales de Aguiar
- Business School, Accountancy & Finance, Accountancy - Senior Lecturer
Person: Academic

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title = "Shifts in modes of governance and sustainable development in the Brazilian oil sector",

abstract = "This article discusses shifts in modes of governance in the Brazilian oil sector over a 60-year period. On the basis of Driessen et al.'s (2012) framework, we discuss the impact of these shifts on sustainable development. Our results suggest that changes in modes of governance were driven by regulation and mostly associated with shifts in both actors and institutional features but that the underlying rationale of prioritising economic outcomes remained unaffected. The results also confirm that a central governance structure remained in place over time and co-existed in different modes of governance. Petrobras was the backbone of this structure and instrumental in empowering and disempowering non-state actors. This article stresses that a mode of governance furthering sustainable development should promote interactions of large numbers of actors and may require active participation of Petrobras to encourage rationales that support improvements in social and environmental domains.",

keywords = "sustainable development , modes of governance, oil sector, Petrobras, Brazil",

author = "{de Aguiar}, {Thereza Raquel Sales} and Freire, {Fatima de Souza}",

note = "The authors are grateful for the resources received from CNPq (Conselho Nacional de Desenvolvimento Cient{\'i}fico e Tecnol{\'o}gico. In English: National Counsel of Technological and Scientific Development). The authors would also like to thank the School of Management at the University of St. Andrews and the Accountancy Department at the Universidade de Bras{\'i}lia for the academic visits to these institutions, which allowed the development of this paper. Finally, the authors would like to express their gratitude to the Accounting and Finance group at the University of Glasgow for supporting this research.",

year = "2017",

month = oct,

doi = "10.1016/j.emj.2017.05.001",

language = "English",

volume = "35",

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AU - de Aguiar, Thereza Raquel Sales

AU - Freire, Fatima de Souza

N1 - The authors are grateful for the resources received from CNPq (Conselho Nacional de Desenvolvimento Científico e Tecnológico. In English: National Counsel of Technological and Scientific Development). The authors would also like to thank the School of Management at the University of St. Andrews and the Accountancy Department at the Universidade de Brasília for the academic visits to these institutions, which allowed the development of this paper. Finally, the authors would like to express their gratitude to the Accounting and Finance group at the University of Glasgow for supporting this research.

PY - 2017/10

Y1 - 2017/10

N2 - This article discusses shifts in modes of governance in the Brazilian oil sector over a 60-year period. On the basis of Driessen et al.'s (2012) framework, we discuss the impact of these shifts on sustainable development. Our results suggest that changes in modes of governance were driven by regulation and mostly associated with shifts in both actors and institutional features but that the underlying rationale of prioritising economic outcomes remained unaffected. The results also confirm that a central governance structure remained in place over time and co-existed in different modes of governance. Petrobras was the backbone of this structure and instrumental in empowering and disempowering non-state actors. This article stresses that a mode of governance furthering sustainable development should promote interactions of large numbers of actors and may require active participation of Petrobras to encourage rationales that support improvements in social and environmental domains.

AB - This article discusses shifts in modes of governance in the Brazilian oil sector over a 60-year period. On the basis of Driessen et al.'s (2012) framework, we discuss the impact of these shifts on sustainable development. Our results suggest that changes in modes of governance were driven by regulation and mostly associated with shifts in both actors and institutional features but that the underlying rationale of prioritising economic outcomes remained unaffected. The results also confirm that a central governance structure remained in place over time and co-existed in different modes of governance. Petrobras was the backbone of this structure and instrumental in empowering and disempowering non-state actors. This article stresses that a mode of governance furthering sustainable development should promote interactions of large numbers of actors and may require active participation of Petrobras to encourage rationales that support improvements in social and environmental domains.

KW - sustainable development

KW - modes of governance

KW - oil sector

KW - Petrobras

KW - Brazil

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DO - 10.1016/j.emj.2017.05.001

M3 - Article

VL - 35

SP - 701

EP - 710

JO - European Management Journal

JF - European Management Journal

IS - 5

ER -

Shifts in modes of governance and sustainable development in the Brazilian oil sector

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Thereza Sales de Aguiar

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