Use este identificador para citar ou linkar para este item: http://rebacc.crcrj.org.br/handle/123456789/6144
Título: EXTERNAL CORPORATE GOVERNANCE MECHANISMS: MERGERS AND ACQUISITIONS ON THE BRAZILIAN MARKET
Autor(es): Trabalho financiado com recursos do Edital Universal do CNPq e Bolsa Produtividade Pq 2
Palavras-chave: mergers and acquisitions; external mechanisms; corporate governance.
Editora / Evento / Instituição: Revista de Gestão, Finanças e Contabilidade
Descrição: The research aims to answer the following question: What is the effectiveness of mergers and acquisitions in the Brazilian market as external corporate governance mechanism? The main objective of the study is to verify if mergers and acquisitions operations in Brazilian market may act as an external mechanism of corporate governance, replacing managers and, as a consequence of changes in management, improving financial performance. The study is exploratory, qualitative in its approach, supported by documentary research on secondary data concerning an intentional sample of Brazilian companies aiming to identify the effect of M&A operations on the corporate governance structure of the acquired firm and on its financial results. Data obtained on the website of the Brazilian Securities and Exchange Commission (CVM), related to Brazilian M&A operations in the period 2005-2010, were analyzed. Although M&A operations in Brazil were found to have disciplinary nature in our sample of firms in the studied period, our results are inconclusive regarding the effectiveness of these transactions and external governance mechanisms.
URI: http://rebacc.crcrj.org.br/handle/123456789/6144
Outros identificadores: http://www.revistas.uneb.br/index.php/financ/article/view/618
10.18028/rgfc.v4i2.618
Aparece nas coleções:Revista de Gestão, Finanças e Contabilidade - UNEB

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