Banca de DEFESA: RODRIGO RAPOSO DA FONSECA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
DISCENTE : RODRIGO RAPOSO DA FONSECA
DATA : 29/06/2018
HORA: 11:00
LOCAL: NEPSA II
TÍTULO:

*


PALAVRAS-CHAVES:

Mergers and Aquisitions Waves. Mergers and Acquisitions. Optimism.


PÁGINAS: 46
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
RESUMO:

The reason for mergers and acquisitions (M&A) occur in waves is still a subject rarely explored

in the financial literature, especially in a context of markets outside the USA and UK. Therefore,
the present study investigates whether the optimism of the agents could led to a wave of M&A,
using brazilian data from 2007 to 2017 about transactions and the entrepreneur confidence index
(ICE), wich measure the optimism of the entrepreneurs with the current and future situation of
the economy. I used Harford (2005)’s definition for a M&A wave. Using a Logit binary response
model, the study pointed that optimism increases the probability of a wave of M&A. An increase
of spread, that measures the market liquidity, increases the probability of occur M&A waves.
Ibovespa was the variable that had the greater effect on the probabilities of an wave of M&A,
an increase in the first one led to an increase of the probability of the second. The results were

significant for all lags


MEMBROS DA BANCA:
Interno - 1543333 - ANDERSON LUIZ REZENDE MOL
Externo à Instituição - SINÉZIO FERNANDES MAIA - UFPB
Presidente - 1802347 - VINICIO DE SOUZA E ALMEIDA
Notícia cadastrada em: 19/06/2018 15:23
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