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Dear readers,

After years as a reader, reviewer and Associate Editor, it is with a great pleasure that I assume as BBR’s Editor-in-Chief. First of all, I would like to thank all the previous BBR’s Editors-in-Chief and the current Editorial Board, who have done a great job so far. I especially thank the now Co-Editor Prof. Dr. Fabio Motoki for his dedication over the last years leading BBR and for conducting the transition in a natural and careful way.

I hope that in my tenure I can continue BBR’s growth in the national and international academia. To achieve this goal we will focus on the quality of published research and on new ways to make the reading experiencie more enjoyable for our readers.

Opening the issue, Zanon & Dantas study the stock market reaction to the issuance of instruments of debt eligible as capital (IDECs) by Brazilian banks. Based on 30 instruments issued during the period 12/2008 - 09/2017, the event study estimates indicate that these instruments have an adverse effect on the stock market value of the issuing banks. The result deepens our understanding of the effects of prudential regulations for banking and may assist banks in making decisions about capitalization.

Our second paper, from Loch, Silva, Bueno & Marcon, examines the principal-principal conflicts in mixed state-private ownership companies in the Brazilian electric power industry. Using a qualitative approach and collecting data from semistructured interviews with board members, the main findings suggest that while firms can benefit from a channel to the government to obtain support and resources, it also creates a series of distortions and uncertainties, exacerbating principal-principal conflicts. The study sheds light on how different conflicts of interest arise from different ownership structures, as well as potential benefits they may bring and possible measures to mitigate their side effects.

Next, Garrido, Kretschmer, Vasconcellos & Gonçalo propose and validates a scale for the measurement of Dynamic Capabilities based on Teece’s conceptual dimensions. The results, besides validating the scale, showed Teece’s three conceptual dimensions exhibited different behavior in relation to each dimension of performance. The results may help to explain some of the fuzzy results of previous studies that used proxies to measured Dynamic Capabilities.

Our fourth paper, from Lima, Serra, Soares & Lima, analyzes whether Institutional Development Plans (IDP) are strategic documents or simply a response to seeking legitimacy in the face of regulatory pressures. Based on a content analysis of the IDPs of Brazilian universities, the results indicate that the IDPs tend to be documents that seek to provide legitimacy to the universities in relation to the actors involved. Therefore, they are not being prepared and used only due to institutional demands, but mainly due to legal impositions, having little strategic focus. The results allow us to better understand the role and usefulness of the IDP as a consolidating document of organizational strategy.

Following, Moreno, Coelho & Pitassi examine how IT outsourcing can influence the absorptive and innovative capacity of organizations. Based on a multiple case study of the insurance industry, results indicate that the connections between the supplier relationship strategy, the stance of the IT area of the client company, as well as its previous activity and level of knowledge, are essential to determine the absorptive and innovative capacity. The results help us understand how organizations can benefit from IT outsourcing in their business.

Closing the issue, Saraiva, Santos & Pereira, examine the masculinity associated to heteronormativity in a gay app from the users’ point of view. Using an inductive study based on semistructured interviews with Grindr app users, results suggest that the app is used as a contemporary form of sociability, mainly because it provides comfort and distance from segregated spaces. At the same time, it allows discretion in sexual encounters, which only happen between “equals”: white, young, athletic, handsome, and not effeminate men, and all those who differ from this profile are repelled. The findings highlight how technologies like this can aggravate marginalization of those already on the society fringes if forms of sociability continue to reproduce the oppression of prevailing heteronormativity.

I hope you enjoy our selection of papers. Good reading to all!

Felipe Ramos – Editor-in-Chief -

How to Cite
Ramos, F. (2020). Editorial. Brazilian Business Review, 17(1). Retrieved from
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