Abstract: This article aims to identify and discuss the predominant styles of leadership in a wood industry in Santa Catarina, using primary data (survey applied with managers) and secondary (balance sheets of the company). For analysis of the primary data, was used ANACOR technique through the software LHStat®. The results of the research indicate that the transformational leadership style predominates in the managers of the company under study, sometimes the style laissez-faire is present.

Abstract: This article aims to identify and discuss the predominant styles of leadership in a wood industry in Santa Catarina, using primary data (survey applied with managers) and secondary (balance sheets of the company). For analysis of the primary data, was used ANACOR technique through the software LHStat®. The results of the research indicate that the transformational leadership style predominates in the managers of the company under study, sometimes the style laissez-faire is present.

ABSTRACT The theory holds that in emerging economies, such as the Brazilian one, companies seek to strengthen ties with governmental and institutional actors in order to improve their performance. From the theoretical perspective of the Institutional Theory, this study intends to contribute to previous research, integrating the fields of strategy and finance, investigating the influence of political connections, through campaign donations, the cost of capital and the performance of listed companies on B3. We worked with panel data for data analysis on the period ranging from 1998 to 2016. Our findings do not corroborate the theoretical and intuitive prediction that “crony capitalism” reduces the cost of capital and improves the performance of companies, since we did not obtain empirical evidence that allows affirming that the effect of donations on the cost of capital and the performance of connected companies is different from zero.

ABSTRACT The theory holds that in emerging economies, such as the Brazilian one, companies seek to strengthen ties with governmental and institutional actors in order to improve their performance. From the theoretical perspective of the Institutional Theory, this study intends to contribute to previous research, integrating the fields of strategy and finance, investigating the influence of political connections, through campaign donations, the cost of capital and the performance of listed companies on B3. We worked with panel data for data analysis on the period ranging from 1998 to 2016. Our findings do not corroborate the theoretical and intuitive prediction that “crony capitalism” reduces the cost of capital and improves the performance of companies, since we did not obtain empirical evidence that allows affirming that the effect of donations on the cost of capital and the performance of connected companies is different from zero.