The efect of interlocking directorates on mergers and acquisitions in Brazil.

Registro completo de metadados
MetadadosDescriçãoIdioma
Autor(es): dc.creatorBarros, Thiago de Sousa-
Autor(es): dc.creatorCárdenas, Julián-
Autor(es): dc.creatorSilva, Wesley Mendes da-
Data de aceite: dc.date.accessioned2022-02-21T19:58:55Z-
Data de disponibilização: dc.date.available2022-02-21T19:58:55Z-
Data de envio: dc.date.issued2021-07-06-
Data de envio: dc.date.issued2021-07-06-
Data de envio: dc.date.issued2019-
Fonte completa do material: dc.identifierhttp://www.repositorio.ufop.br/jspui/handle/123456789/13344-
Fonte completa do material: dc.identifierhttps://link.springer.com/article/10.1007/s10997-020-09529-7-
Fonte completa do material: dc.identifierhttps://doi.org/10.1007/s10997-020-09529-7-
Fonte: dc.identifier.urihttp://educapes.capes.gov.br/handle/capes/650644-
Descrição: dc.descriptionThis study investigates the efect of interlocking directorates on national and inter national mergers and acquisitions (M&A) in Brazil. Based on a sample of 153 large Brazilian frms in a time series (2000–2015), and using network techniques and regression analysis, this study addresses the hypothesis: board interlocking reduces the asymmetry of information in M&A, leading companies with a greater number of ties (degree centrality) to be more likely to participate in M&A. The results show that frms that have a larger number of ties with other frms through board interlocks (higher degree centrality) are more likely to perform M&A. Other network meas ures (closeness, eigenvector, betweenness, and structural holes) have no signifcant impact on the likelihood to participate in M&A. This study examines the impact of board interlocking on frms’ propensity to undertake M&A while controlling for fnancial, corporate governance, and country-level governance variables in the explanatory model. This paper also contributes by identifying the determinants of M&A performed by companies headquartered in emerging countries such as Brazil, a major participant in M&A processes at the international level.-
Formato: dc.formatapplication/pdf-
Idioma: dc.languageen-
Direitos: dc.rightsrestrito-
Palavras-chave: dc.subjectCountry-level governance-
Palavras-chave: dc.subjectRegression analysis-
Título: dc.titleThe efect of interlocking directorates on mergers and acquisitions in Brazil.-
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