This work analyzed the pertinent literature, identifying possible relationships between the high growth of scale-up enterprises and their internationalization process. For this purpose, a systematic literature review was conducted in the fields of International Business to pinpoint intersections and gaps in the research for empirical exploration and investigation. The results of the analysis are intended to identify possibilities and make theoretical contributions to the field, especially with regard to small and medium-sized ventures. The bibliographic review was conducted using the Google Scholar and Scopus databases. These bases were chosen for their relevance, range and accuracy. Google Scholar is considered the best system for tracing websites and academic PDFs, while Scopus is recognized as the largest scientific database of citations and abstracts of peer-reviewed literature. To complement the survey, Scopus metadata analysis resources and NVivo 11 software were used to analyze the content of articles. The findings did not identify a relationship between internationalization and the phenomenon of Scale-ups in the literature in the field of International Business and high growth.

Este trabalho avaliou uma empresa start-up de biotecnologia à luz da teoria de Opções Reais. O objetivo principal foi averiguar a adequação deste modelo na avaliação de empresas inovadoras, sujeitas a grande risco, de forma a captar o valor das flexibilidades gerenciais presentes neste tipo de empreendimento. Para verificar a subavaliação provocada pelo método de Fluxo de Caixa Descontado ao desconsiderar o valor das opções, foi realizado um estudo de caso na empresa BioNatural, incubada no Polo BioRio de Biotecnologia, localizado no campus da Universidade Federal do Rio de Janeiro. Os resultados da avaliação financeira de um projeto de pesquisa específico indicaram uma subavaliação da ordem de 16%. Os resultados reforçam a visão de que a Teoria de Opções Reais pode ser mais adequada para avaliar empreendimentos sujeitos a extrema incerteza, captando um valor não mensurado pelas técnicas tradicionais de avaliação de projetos.

Executive remuneration has gained importance both in the academic and corporate fields, especially with the outcome of the scandals involving executives from large North-American corporations in the 2000’s. In the international literature, there are many studies about executive remuneration and how it relates to agency theory and corporate governance. However, there are a few studies about executive remuneration in the Brazilian market, and most of them are qualitative. One of the great problems of research in this area is the difficulty in obtaining data about executive remuneration in Brazil. These data, when available, are very aggregated and not very clear. The objective of this paper is to analyze the determinants of executive remuneration in Brazil, and the relation between executive remuneration and corporate governance. This research is original in Brazil, bringing a great contribution to the literature of corporate governance. Our results indicate that companies with bad governance tend to pay greater remuneration to their executives. Moreover, companies paying greater remuneration perform worse in the future. In other words, paying more to executives does not result in better profitability in the future

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2016-12-23T18:49:38