Minority Shareholders
Mostrando 13-24 de 27 artigos, teses e dissertações.
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13. LEIS DE DIVIDENDO MÍNIMO OBRIGATÓRIO PROTEGEM ACIONISTAS MINORITÁRIOS? / DO MANDATORY DIVIDEND RULES PROTECT MINORITY SHAREDHOLDERS?
Este trabalho mostra que as regras brasileiras de dividendos mínimos fazem com que a distribuição de proventos no Brasil seja alta relativamente aos Estados Unidos, apesar da fraca proteção oferecida pela lei das S.A. aos acionistas minoritários no Brasil. Ainda assim, subterfúgios legais permitem que 42% de uma ampla amostra de empresas não financei
Publicado em: 2010
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14. O papel do conselho de administração no desenvolvimento de melhores práticas de governança corporativa : o caso do Banco do Brasil
Acting as the main internal mechanism to reduce agency costs between managers and shareholders, between controlling and minority shareholders, the board has a key role in corporate governance of companies. For this reason, the objective of this study is to analyze the role of the board. We analyze the case of the largest financial institution in the country:
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 2010
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15. Aspectos jurídicos e econômicos na incorporação de ações: uma análise de mercado
This essay is in connection with mergers of shares (article 252 of Law n 6,404/76), whereby a company (merged company) mergers its shares into another company (merging company) and becomes the wholly-owned subsidiary of the second, as far as the capital market is concerned. It discusses the origins and concept of mergers of shares in light of the U.S. paradi
Publicado em: 2009
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16. Mercado de capitais brasileiro: discussão sobre a eficácia dos mecanismos de proteção dos acionistas minoritários não qualificados nos processos de IPO (Initial Public Offering) na Bovespa, no período de 2004 a 2007
The central goal of this research was to increase the debating about efficacy from rules, legal actions and Corporate governance to protect the non qualified minority shareholders in the Brazilian IPOs (Initial Public Offering) programs. The theme has showed growing interest, because the number of personal investors and the Bovespas (São Paulo Stock Exchang
Publicado em: 2009
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17. A utilização de derivativos aliada às melhores práticas de governança corporativa adiciona valor para os acionistas? / Does the use of derivatives and Corporate Governance add value to companies?
If on one hand the use of derivatives may bring advantages to firms, like smoothing cash flows, tax shields, access to more favorable lines of credit and decreasing the possibility of underinvestment, on the other hand, the improper use of these contracts may bring serious risks to them. As an example, in 2008, in order to lower the costs of capital, many fi
Publicado em: 2009
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18. Os papéis do Conselho de Administração em empresas listadas no Brasil / The role of the board of directors of listed companies in Brazil
This study is the first to describe and to explore the control, guidance (strategy- and policydirecting), and service roles of boards of directors (BoD) and their relevance to the corporate governance system of companies listed on the São Paulo Stock Exchange (BOVESPA). It also studies on one side the relationship between the roles of the boards and structu
Publicado em: 2009
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19. LEGAL PROTECTION TO MINORITY SHAREHOLDERS AND THE SIZE OF CONTROL BLOCKS / PROTEÇÃO AOS ACIONISTAS MINORITÁRIOS E TAMANHO DOS BLOCOS DE CONTROLE
Qual é o efeito de um mercado de controle corporativo mais ativo sobre a estrutura de propriedade das firmas? Nós mostramos que, em economias com severas imperfeições no mercado de crédito, empreendedores ilíquidos elevam seus blocos de controle para que, numa disputa pelo controle, os limitados recursos que dispõem sejam suficientes para derrotar as
Publicado em: 2008
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20. Retornos anormais versus performances operacionais anormais de firmas brasileiras envolvidas em fusões e aquisições no período de 2002 a 2006 / Abnormal returns versus abnormal operating performances of Brazilian firms engaged in merger and acquisitions from 2002 to 2006
The aim of this thesis was the investigation of Mergers and Acquisitions - M&A, a subset of what is named "business combination", observed among Brazilian firms from 2002 to 2006, which at least one of them (bidder firm or target firm) was listed in Bovespa. Mergers and Acquisitions - M&A among firms under the same group of control were not sampled, which me
Publicado em: 2008
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21. Conselheiro de administração e governança corporativa no Brasil
In Brazil, the debate around the corporate governance intensified enough in the last decade, in the measure in that the relationships between shareholders and administrators and among majority and minority shareholders are changing with the companies restructuring caused by the privatizations and the new partners entrance in the companies of the private sect
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 27/10/2006
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22. Qualidade da governança corporativa e participação societária dos fundos de pensão nas empresas de capital aberto brasileiras
The corporate governance normally is related with the efforts undertaken for the organization, in the direction to search the monitoring of the potential conflicts of interest between the majority, minority and managing shareholders, through the establishment of rules of conduction and behavior. This work if inserts in a group of studies that it intends to r
Publicado em: 2006
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23. Informação Contida no Diferencial de Preços de Classes de Ações: antes e após 10.303/01 / Determinants of the Diferential Pricing Between Voting and Non-Voting Shares in Brazil
Several papers suggest that private benefits can explain the price differential between classes of stocks with different voting rights. However, in Brazil the price differential between voting and non-voting stocks has been negative for several companies during the July/1994-September/2002 period. This paper investigates the determinants that imply this voti
Publicado em: 24/11/2005
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24. Mecanismos de Recompra de Ações e Expropriação de Acionistas Minoritários - Evidência do Brasil. / Share Repurchase Mechanisms and Expropriation of Minority Shareholders: Evidence from Brazil
We examine the impact of the recent CVM Instruction #299 of February 1999 aimed at improving minority investor rights. Prior to enactment of this Instruction, tender offers for repurchase of shares were not subject to neither disclosure nor mandatory offers. However, we have found evidence that even after enacting Instruction #299, minority shareholders are
Publicado em: 24/11/2005