Teaching Case: Initial Public Offering and Implementation of a Corporate Governance System in a Family Business

Authors

  • Isaac Gezer Silva de Oliveira Professor at the Federal Institute of Espírito Santo – Ifes
  • Herbert Simões Rodrigues State Income Tax Auditor – Sefaz-ES
  • William Brasil Rodrigues Sobrinho Professor, Federal Institute of Education, Science, and Technology of Tocantins - IFTO
  • José Elias Feres de Almeida Professor, Federal University of Espírito Santo - Ufes

DOI:

https://doi.org/10.17524/repec.v9i4.1208

Keywords:

IPO, Family Business, Corporate Governance, Teaching Case

Abstract

Prime Hospitality Group (PHG) is a family-owned company, which was founded 17 years ago by Mr. Milton Albuquerque, with hotels and resorts scattered in different regions of Brazil. Recently, the company decided to go public in BM&FBOVESPA. Conducting an IPO, however, requires many changes in the company’s structure. These changes generate costs and change the view of family members and different stakeholders involved in the process. This case proposes an assessment of the impact caused by the implementation of a corporate governance mechanism after the completion of an IPO of a family-run company.

Author Biographies

Isaac Gezer Silva de Oliveira, Professor at the Federal Institute of Espírito Santo – Ifes

M.Sc. in Accounting, Universidade University of Espírito Santo – Ufes

Herbert Simões Rodrigues, State Income Tax Auditor – Sefaz-ES

M.Sc. in Accounting, Federal University of Espírito Santo – Ufes

William Brasil Rodrigues Sobrinho, Professor, Federal Institute of Education, Science, and Technology of Tocantins - IFTO

M.Sc. in Accounting, Federal University of Espírito Santo – Ufes

José Elias Feres de Almeida, Professor, Federal University of Espírito Santo - Ufes

Ph.D. in Controlling and Accounting USP

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Published

2016-01-26

How to Cite

Oliveira, I. G. S. de, Rodrigues, H. S., Rodrigues Sobrinho, W. B., & Almeida, J. E. F. de. (2016). Teaching Case: Initial Public Offering and Implementation of a Corporate Governance System in a Family Business. Journal of Education and Research in Accounting (REPeC), 9(4). https://doi.org/10.17524/repec.v9i4.1208

Issue

Vol. 9 No. 4 (2015): October-December

Section

Teaching Cases in Accounting

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