Showing 1 - 10 of 36,823
firms in Brazil are required to file with the securities market regulator. The main findings are the following: (1) high …
Persistent link: https://www.econbiz.de/10013134808
This project focuses on the effects of ownership structures on the liquidity of the stock market in a context of low protection for minority shareholders and large ownership concentration. The ultimate defense strategy of an expropriated investor is to exit the position, provided that a market...
Persistent link: https://www.econbiz.de/10013159455
the ultimate firm owner affects the quality of corporate governance in Brazil. Econometric models are estimated to assess … controlling shareholders on the quality of the corporate governance system in Brazil, taking into account the main kinds of … highlighting the presence of the principal–principal agency model in an important emerging market, Brazil …
Persistent link: https://www.econbiz.de/10012851845
changes, have been positive for firm investment and have contributed to the development of Brazil …
Persistent link: https://www.econbiz.de/10012856802
The paper analyzes whether nonfinancial firms as large blockholders of the Brazilian firm shape dividend policy. Under the Agency Theoretical framework, a set of good corporate governance practices is suggested as able to control management activity and prevent managers from incurring in moral...
Persistent link: https://www.econbiz.de/10012921610
This paper analyzes the incentives of large shareholders to implement the corporate governance system that favors their interests within a framework of highly concentrated ownership and poor legal protection for investors. A metric for corporate governance based on the fulfillment of...
Persistent link: https://www.econbiz.de/10012848254
the so-called dual-class premium (DCP) in Brazil from 1995 to 2006 with a focus on two specific corporate governance …
Persistent link: https://www.econbiz.de/10014222422
This paper analyzes post-financial crisis developments in the Brazilian capital markets, focusing especially on the current status of “shareholder power.” Using recent data collected in 2013, it investigates whether changes in ownership structures remain stable and assesses how these changes...
Persistent link: https://www.econbiz.de/10014143552
This paper aims to analyze the ownership structure of 100 companies that went public in the Sao Paulo Stock Exchange (BOVESPA) during 2004 to 2007. We assess, particularly, the effect of pyramidal ownership structures on firm’s market value. In order to do so, we collect data on the firm’s...
Persistent link: https://www.econbiz.de/10014206974
Persistent link: https://www.econbiz.de/10009574373