Non Voting Shares
Mostrando 1-4 de 4 artigos, teses e dissertações.
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1. Relação dinâmica entre a estrutura de propriedade e controle e o valor de mercado corporativo no Brasil: análise da primeira década do século XXI / Dynamic relationship between ownership and control structure and corporate market value in Brazil: Analysis of first decade of XXI century
The Brazilian model of corporate governance is characterized by the ownership and control concentration of most publicly traded companies. In this context, the academic literature points to the existence of a positive and a negative impacts of this shares accumulation by controller (s) on corporate performance, known respectively as incentive effect (or alig
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 17/04/2012
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2. 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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3. 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
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4. DIFERENÇAS DE PREÇOS ENTRE AÇÕES ORDINÁRIAS E PREFERENCIAIS / PRICE DIFFERENCES BETWEEN VOTING AND NON-VOTING SHARES / DIFERENCIAS DE PRECIOS ENTRE ACCIONES ORDINARIAS Y PREFERENCIALES
Este estudo avaliou o comportamento das diferenças de preços entre ações ordinárias e preferenciais de um conjunto representativo de empresas com ações negociadas na BOVESPA no período 1995-1999, testando o impacto também das mudanças na lei das SAs ocorridas em 1997. Os testes realizados indicaram que no decorrer do período estas mudanças influe
Publicado em: 2001