The influence of the financial logic in the National Quality Award

Abstract

The financialization process resulted in a change in the discourse of the actors involved in quality management, who began to incorporate concepts of financial logic as a way to meet the demands of shareholders capitalism and guarantee legitimacy. Thus, through a documentary research, we sought to investigate the influence of the financial logic in the National Quality Award, analyzing the versions of the Management Excellence Model used in the awards cycles and the companies awarded in the period from 1992 to 2016. The results demonstrated the incorporation of financial logic concepts in the versions of the Management Excellence Model; the predominance of award-winning companies from the electric energy sector, which have been privatized; the existence of board interlockings in the winning organizations; and presidents who have professional experience in financial areas and postgraduate degree in finance, which is the profile most demanded and valued in the finance conception of control.

Financial intermediation and innovation: linking international agents and local investors

“…Studies on the financialization of economies, which started in the 1980s, have outlined the development of initial disputes over the best way to manage large corporations. They have been marked by shareholder activism, especially institutional investors, advocates of the maximizing shareholder value (MSV) ideology (Fligstein, 2001;Krippner, 2005;Grün, 2005;Froud et al, 2006;Mundo Neto & Saltorato, 2017;Saltorato & Benatti, 2018;Ertürk, 2019;Lazonick & Shin, 2020;Fantti & Donadone, 2020;Carmo et al, 2020;Carmo, 2020).…”