(UN)MOTIVATION AND ORGANIZATIONAL PERFORMANCE

EMPIRICAL ANALYSIS IN THE BRAZILIAN CAPITAL MARKET

Authors

DOI:

https://doi.org/10.51320/rmc.v24i1.1396

Keywords:

Market performance, Employee motivation, Employee turnover

Abstract

The study tested, through econometric modeling, whether companies in the Brazilian capital market that contain more employees unmotivated are the ones with the lowest market performance. The present paper advances by adopting the turnover of people in companies as a proxy for measuring the (un)motivation of employees. In an organizational context, there is a general premise that more motivated employees will perform better and, by the logic of the contradictory, it is also possible to assume that the more people leave intentionally from the company, the more unmotivated they are. The company’s performance was measured by market return. Despite suffering external influences, it is possible to perceive that the average price of shares in the market can reflect and represent the performance of an organization. In this sense, the expected empirical results sought to corroborate the hypothesis that employee motivation has a positive impact on corporate performance and has a relevant value reflected in stock prices, that is, the market values such intangibles. Since the coefficient of the variable “unmotivation” was negative and statistically significant, the results confirm the central hypothesis and it is possible to affirm, therefore, that there is an inverse relationship between the company’s market performance, measured by the stock return, and the employee demotivation.

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Author Biographies

Paulo Roberto Barbosa Lustosa, Universidade de Brasília

Graduado em Engenharia Civil (FTESM, 1981) e doutor em Contabilidade e Controladoria (USP, 2001). Visiting Scholar (UIUC-USA), 1999-2000 e 2017-2018. Professor titular na UnB, foi coordenador de graduação, chefe do Departamento de Ciências Contábeis e Atuariais e coordenador-adjunto do Programa de Pós-Graduação em Ciências Contábeis UnB, UFPB e UFRN. Foi o coordenador-geral do I CCG-UnB - Congresso UnB de Contabilidade e Governança. Orientou ou orienta dezenas de pesquisas, nos níveis de doutorado, mestrado, especialização, graduação e iniciação científica. Possui vários trbalhos publicados em revistas especializadas e capítulos de livros didáticos, e participou de dezenas de congressos nacionais e internacionais. Acumula diversas participações em bancas para seleção de professores e alunos de mestrado e doutorado, e de defesas de tese, dissertação e tcc de especialização e graduação. Pesquisa nas seguintes áreas: controladoria, ênfase em gestão econômica e governança, e efeitos da informação contábil no mercado de capitais. Antes de ingressar na academia, atuou profissionalmente como engenheiro civil na iniciativa privada e também foi servidor do Banco do Brasil, onde desempenhou várias funções.

Mariana Guerra, Universidade de Brasília

Professora Adjunta do Departamento de Ciências Contábeis e Atuariais da Universidade de Brasília (DCCA/UnB) e Professora do Programa de Pós-Graduação em Ciências Contábeis da Universidade de Brasília (PPGCont/UnB). Vice-Diretora da Faculdade de Economia, Administração, Contabilidade e Gestão de Políticas Públicas (FACE/UnB). Graduada em Ciências Contábeis (2008) e mestre em Contabilidade e Controladoria (2010) pela Universidade Federal de Minas Gerais (UFMG) e doutora em Administração (2013) pela Universidade de Brasília (UnB). Integrante dos grupos de pesquisa Gestão de Serviços Públicos (GESPU/UnB) e Núcleo de Estudos em Compliance, Risco e Controle (NuCRC). Atuais interesses de pesquisa: avaliação e indicadores de desempenho, gestão de organizações hospitalares, economia da saúde e gestão pública.

 

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Published

2023-04-28 — Updated on 2023-11-30

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How to Cite

Pinto de Castro, D., Barbosa Lustosa, P. R., & Guerra, M. (2023). (UN)MOTIVATION AND ORGANIZATIONAL PERFORMANCE: EMPIRICAL ANALYSIS IN THE BRAZILIAN CAPITAL MARKET. Revista Mineira De Contabilidade, 24(1), 62–73. https://doi.org/10.51320/rmc.v24i1.1396 (Original work published April 28, 2023)

Issue

Vol. 24 No. 1 (2023): 1º Quadrimestre de 2023

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Artigos científicos:

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Copyright (c) 2023 Débora Pinto de Castro, Paulo Roberto Barbosa Lustosa, Mariana Guerra

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