An investigation of the relationship between self-serving attributions and corporate governance/Uma investigacao sobre a relacao entre atribuicoes em causa propria e governanca corporativa

Studies on the management of operational risk in financial organizations have predominantly utilized quantitative and probabilistic approaches. Such approaches provide managers with a way to estimate the probability of operational failure occurring but do not provide insights with regard to specific managerial actions that can be taken to avoid the occurrence of such failure. Results of our study of the processes of a large Brazilian banking institution suggest that HRO theories can make an important contribution to the effective management of operational risk. Understanding the underlying causal mechanisms that contribute to operational failures makes it possible to take steps to manage them and to reduce the probability that they will occur. In addition to suggesting a new approach to the management of operational risk in financial institutions, the study tested HRO theory in a new sector. The results clearly demonstrate that HRO concepts are relevant in financial institutions, broadening the scope of applicability of this theory. Keywords: high reliability organizations; operational risk management; financial institutions. Este trabalho e uma tentativa inicial de investigar a relacao entre atribuicoes causais nas secoes narrativas de relatorios anuais e um indice de governanca corporativa, entre as companhias participantes da Bolsa de Valores de Sao Paulo (BOVESPA) em 2006. Para representar a governanca corporativa utilizamos o selo de certificacao de governanca emitido pela BOVESPA. Os resultados mostram que atribuicoes em causa propria podem ser encontradas nos relatorios anuais independentemente dos niveis de governanca corporativa apontados pelos selos da BOVESPA. Evidencias de uma relacao obtida atraves da contagem de frases nao sao corroboradas, uma vez utilizados os percentuais dos relatorios dedicados a atribuicoes causais. A possivel explicacao esta relacionada com o tamanho dos relatorios. A conclusao sugere novas pesquisas, com a inclusao de novas variaveis e uso de amostra estendida para dar maior clareza ao tema. Palavras-chave: relatorios corporativos anuais; atribuicoes em causa propria; governanca corporativa.