By using a multi-country set of acquirers from 14 different markets, this paper aims to develop a global understanding of the impact of acquisition announcements on developed - and emerging-market acquirers. We adopt an empirical event-study approach to investigate the effect of acquisition...

The present article seeks to analyze the legacy and its persistence over time in terms of financing and operational policies and financial performance, of companies invested by Private Equity and Venture Capital funds (PE/VC). The PE/VC industry is characterized by the function of identifying...

Portuguese Abstract: Esse trabalho estuda os efeitos da introdução de uma nova legislação voltada para empresas estatais no Brasil. Particularmente, analisa se essa nova legislação, ao promover ganhos de governança corporativa, leva à redução da percepção de riscos na administração...

This paper investigates local crime's concern effect on confidence in the police using Two Least Square Regressions having as instrumental variable the individual distance to police stations. We explore data from the Confidence in Justice Survey conducted for the period at 2013 to 2014 at state...

Earnings management is a special issue in accounting theory, and the main impact of the practice is the creation of biases in financial statements. More specifically, earnings management affect accounting profits, and consecutively affect stakeholders in their decisions. According to the...

We investigate earnings management (EM) in IPOs and the role of private equity/venture capital (PEVC) in hampering such practice. We show that in terms of EM, PEVC and non-PEVC-sponsored firms should be treated as different samples: when we split the sample, R-squared increases drastically for...

The aim of this study was to evaluate whether the discretionary accruals of Brazilian public companies would reveal changes as a result of the big four firm that audits them, and whether the companies served by firms of less importance in the sector would denote different behaviors in comparison...

This paper compares water and sanitation services in municipalities that entered into a concession arrangement with a private operator versus those in a comparable control group of municipalities that continued with a public operator, and we explore five variables of interest: (i) water coverage;...

Portuguese Abstract: O presente artigo faz uma avaliação dos determinantes da duração no cargo de ministro da fazenda no Brasil, entre 1889 e 2012. O estudo se situa metodologicamente na tríplice fronteira entre economia, história e ciência política. Apesar de o tema ser alvo constante...

The development of accruals models in earnings managements allowed several studies in this area. However, reviews regarding these approaches revealed their weakness related to the control of the sample diversity. In this context, the primary purpose of this study was to analyze how the inclusion...