Influence of Family Culture on Enterprise Risk Management in Brazilian Companies

Brandt, Elisane; Silva, Márcia Zanievicz da; Beck, Franciele

doi:10.1590/1982-7849rac2021190082.en

person Elisane Brandt *

schoolUniversidade Federal do Paraná, Departamento de Ciências Sociais, Curitiba, PR, Brazil.

0000-0001-8129-0908

person Márcia Zanievicz da Silva

schoolUniversidade Regional de Blumenau, Blumenau, SC, Brazil.

0000-0003-1229-7705

person Franciele Beck

schoolUniversidade Regional de Blumenau, Blumenau, SC, Brazil.

0000-0001-7390-5933

person* Corresponding Author

Editor-in-chief:

Wesley Mendes-da-Silva (Fundação Getulio Vargas, EAESP, Brazil)

Reviewers:

Hsia Sheng (Fundação Getulio Vargas, EAESP, Brazil)

One of the reviewers chose not to disclose his/her identity.

Peer Review Report:

The disclosure of the Peer Review Report was not authorized by its reviewers.

Authorship

Elisane Brandt*

Universidade Federal do Paraná, Departamento de Ciências Sociais

Av Prefeito Lothário Meissner, nº 632, Campus III, 80050-520, Curitiba, PR, Brazil.

E-mail address: elisane_brandt@hotmail.com

https://orcid.org/0000-0001-8129-0908

Márcia Zanievicz da Silva

Universidade Regional de Blumenau

R. Antônio da Veiga, nº 140, Itoupava Seca, 89030-903, Blumenau, SC, Brazil.

E-mail address: marciaza@gmail.com

https://orcid.org/0000-0003-1229-7705

Franciele Beck

Universidade Regional de Blumenau

R. Antônio da Veiga, nº 140, Itoupava Seca, 89030-903, Blumenau, SC, Brazil.

E-mail address: beck.franciele@gmail.com

https://orcid.org/0000-0001-7390-5933

Conflict of Interests

The authors have stated that there is no conflict of interest.

groupsAuthors' Contributions

1^st author: conceptualization (equal); data curation (equal); formal analysis (equal); writing-original draft (equal); writing-review & editing (equal).

2^nd author: conceptualization (equal); formal analysis (equal); supervision (equal); writing-original draft (equal); writing-review & editing (equal).

3^rd author: conceptualization (equal); formal analysis (equal); supervision (equal); writing-original draft (equal); writing-review & editing (equal).

Sector	n_i	fi
Industry	35	24.65
Trade	18	12.68
Service	89	62.68
Total	142	100
Average revenues	n_i	fi
Less than or equal to R$ 2.4 million	63	44.37
Greater than R$ 2.4 million and less than or equal to R$ 16 million	29	20.42
Greater than R$ 16 million and less than or equal to R$ 90 million	24	16.90
Greater than R$ 90 million and less than or equal to R$ 300 million	15	10.56
Greater than R$ 300 million	11	7.75
Total	142	100
Number of employees	n_i	fi
Up to 9	56	39.44
From 10 to 49	31	21.83
From 50 to 99	12	8.45
100 or more	43	30.28
Total	142	100

Dimension	Indicator*	Mean	Std. Dev.	Minimum	Maximum
Power	PW01	82.0	29.53	0.00	100.00
	PW02	0.48	2.12	0.00	25.00
	PW03	1.73	0.44	1.00	2.00
Experience	EX02	0.53	0.14	0.00	0.937
	EX03	0.57	0.16	0.00	0.935
	EX04	0.49	0.24	0.00	0.875
Culture	OC01	3.72	1.51	1.00	5.00
	OC02	3.73	1.36	1.00	5.00
	OC03	3.84	1.33	1.00	5.00
	OC04	3.86	1.33	1.00	5.00
	OC05	3.64	1.25	1.00	5.00
	OC06	4.08	1.22	1.00	5.00
	OC07	3.99	1.30	1.00	5.00
	OC08	4.01	1.34	1.00	5.00
	OC09	3.65	1.32	1.00	5.00
	OC10	3.68	1.27	1.00	5.00
	OC11	4.07	1.22	1.00	5.00
	OC12	3.84	1.35	1.00	5.00
	OC13	3.81	1.28	1.00	5.00

Dimension	Indicator*	Mean	Std. Dev.	Min.	Max.
Risk identification	ID01	3.30	1.48	1.00	5.00
	ID02	3.91	1.15	1.00	5.00
	ID03	3.82	1.16	1.00	5.00
	ID04	3.90	1.22	1.00	5.00
	ID05	4.19	0.96	1.00	5.00
	ID06	3.75	1.20	1.00	5.00
	ID07	2.50	1.44	1.00	5.00
	ID08	3.25	1.45	1.00	5.00
	ID09	3.35	1.44	1.00	5.00
	ID10	2.89	1.43	1.00	5.00
	ID11	2.15	1.46	1.00	5.00
	ID12	2.27	1.48	1.00	5.00
Risk evaluation	EV01	3.68	1.17	1.00	5.00
	EV02	2.96	1.42	1.00	5.00
	EV03	2.33	1.38	1.00	5.00
	EV04	2.56	1.39	1.00	5.00
	EV05	3.70	1.31	1.00	5.00
	EV06	2.15	1.36	1.00	5.00
	EV07	2.37	1.44	1.00	5.00
	EV08	2.08	1.33	1.00	5.00
	EV09	2.32	1.40	1.00	5.00
	EV10	2.11	1.37	1.00	5.00
	EV11	2.78	1.51	1.00	5.00
	EV12	2.69	1.47	1.00	5.00
	EV13	2.13	1.36	1.00	5.00
	EV14	1.63	1.07	1.00	5.00
	EV15	1.82	1.19	1.00	5.00
	EV16	2.49	1.53	1.00	5.00
	EV17	3.47	1.38	1.00	5.00
	EV18	2.81	1.54	1.00	5.00
	EV19	2.16	1.49	1.00	5.00
Risk response	RR01	3.49	1.23	1.00	5.00
	RR02	3.89	1.13	1.00	5.00
	RR03	3.65	1.10	1.00	5.00
	RR04	1.83	1.12	1.00	5.00
Risk communication	RC01	4.30	0.97	1.00	5.00
	RC02	3.87	1.32	1.00	5.00
	RC03	3.63	1.27	1.00	5.00
	RC04	3.43	1.30	1.00	5.00

Variables	EV	RC	OC	EX	ID	PW	RR
EV	0.77
RC	0.45	0.86
OC	0.16	0.36	0.85
EX	0.08	0.08	0.26	0.79
ID	0.68	0.58	0.31	0.03	0.73
PW	0.14	0.05	0.13	0.36	0.05	1.00
RR	0.42	0.58	0.49	0.10	0.48	0.08	0.86
Cronbach’s alpha	0.95	0.88	0.97	0.71	0.89	1.00	0.82
Average variance extracted	0.59	0.74	0.73	0.62	0.54	1.00	0.74
Composite reliability	0.96	0.92	0.97	0.83	0.91	1.00	0.89

	Hypothesis	Beta	Standard deviation	Test T	p-value	f2
Power share -> Identification	H1 - There is a negative relationship between the power dimension and risk management practices.	0.133	0.073	1.804	0.072	0.019
Power share -> Evaluation		0.221	0.080	2.744	0.006	0.054
Power share -> Response		0.075	0.079	0.954	0.340	0.007
Power share -> Communication		0.110	0.068	1.635	0.102	0.014

Power management -> Identification		0.111	0.085	1.306	0.192	0.014
Power management -> Evaluation		0.121	0.068	1.786	0.074	0.016
Power management -> Response		0.091	0.074	1.216	0.224	0.011
Power management -> Communication		0.035	0.058	0.593	0.553	0.001
Experience -> Identification	H2 - There is a positive relationship between the experience dimension and enterprise risk management practices.	0.099	0.119	0.831	0.406	0.011
Experience -> Evaluation		0.168	0.148	1.133	0.258	0.031
Experience -> Response		0.129	0.121	1.065	0.287	0.022
Experience -> Communication		0.086	0.098	0.876	0.381	0.008
Culture -> Identification	H3 - There is a positive relationship between the culture dimension and risk management practices.	0.272	0.103	2.653	0.008	0.084
Culture -> Evaluation		0.129	0.078	1.661	0.097	0.019
Culture -> Response		0.469	0.082	5.747	0.000	0.296
Culture -> Communication		0.341	0.088	3.896	0.000	0.135

[TFN1] Note. n_i - absolute number of cases; f_i - frequency in percentage. Source: Survey data.

Influence of Family Culture on Enterprise Risk Management in Brazilian Companies

Influência da Cultura Familiar no Gerenciamento de Risco Empresarial em Empresas Brasileiras