REDES SOCIAIS NA ESTRUTURA DE CAPITAL DAS EMPRESAS DE SERVIÇO DE UTILIDADE PÚBLICA E DE TELECOMUNICAÇÕES

Abstract

The goal of this study is to determine the structure of equity interests through corporate and personal networks in public utilities and telecommunications companies (fixed and mobile) listed on the BMF&Bovespa. It is a descriptive study, conducted through document analysis using a quantitative approach. For the data analysis, the techniques of descriptive statistics and network analysis were applied. The results relating to the equity interests showed the occurrence of two distinct structural forms; one in which companies cluster around themselves, with dispersed shareholders, called *others* as the network's central author, but with weak ties, and another, which occurred in a few companies (CPFL Geração de Energia S.A.; LF Tel S.A.; UPTICK ParticipaçÕes S.A), which presented a high concentration in the ownership structure. It is concluded that corporate and personal networks in the equity interests of the social capital of public utilities and telecommunications (fixed and mobile) companies listed on the BMF&Bovespa have different social and structural aspects. This research helps further understanding of the ownership structure in Brazil, which differs in these companies due to investments in specific long-term assets (transmission lines) granted to the private sector. (English) [ABSTRACT FROM AUTHOR]