Azevedo, Paulo Furquim de; Rocha, Maria Margarete da - In: Economia 6 (2005) 3, pp. 127-156
Cross-holding (vertical quasi-integration) is often characterized as a major organizational failure in the Brazilian petrochemical industry. This paper aims to identify if there is governance misalignment in three periods: the end of the 1980’s and 1990’s, and after the founding of Braskem,...