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Influencia de la estructura de propiedad y de la gestión familiar sobre el posicionamiento en fusiones y adquisiciones

dc.creatorDias de Moura, Geovanne
dc.creatorMaria Beuren, Ilse
dc.date2016-12-06
dc.identifierhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/2658
dc.identifier10.18359/rfce.2658
dc.descriptionThis study investigates the influence of the ownership structure and family management on positioning in mergers and acquisitions of companies listed on the BM & FBovespa market. For this purpose a descriptive research with quantitative approach, through documentary analysis in a sample of 338 companies positioned in mergers and acquisitions in the period 2007 to 2012 was performed. The results show that companies with a structure of family ownership involved in mergers and acquisitions tend to take an active position as buyers. Moreover, the family management influences in the position as acquiring company in such operations. It is concluded that families are investors who value the stock control, adopt management policies guided by risk aversion and the search for better return and therefore position themselves as buyers in mergers and acquisitions.en-US
dc.descriptionEste estudio investiga la influencia que tienen la estructura de propiedad y de gestión familiar sobre el posicionamiento en operaciones de fusiones y adquisiciones de empresas que cotizan en el mercado BM&FBovespa.  Para tal fin, se hizo una investigación descriptiva con enfoque cuan- titativo, por medio de análisis documental, en una muestra de 338  compañías posicionadas en operaciones de fusiones y adquisiciones, en el periodo 2007 a 2012. Los resultados muestran que las empresas con estructura de propiedad familiar envueltas en fusiones y adquisiciones, tienden a tomar una posición activa, es decir, como compradores. Además, que la gestión de la familia influye en la posición como empresa compradora en este tipo de operaciones. Se concluye que las familias son inversores que valoran el control accionario, adoptan políticas de gestión guiadas por la aversión al riesgo y la búsqueda de un mejor rendimiento y, por tanto, se posicionan como compradores en fusiones y adquisiciones.es-ES
dc.descriptionEste estudo pesquisa a influência da estrutura de propriedade e de gerenciamento familiar sobre o posicionamento em operações de fusões e aquisições de empresas que cotizam no mercado BM&FBovespa. Para tal fim, fez-se uma pesquisa descritiva com enfoque quantitativo, por meio de análise documental, em uma mostra de 338 companhias posicionadas em operações de fusões e aquisições, no período 2007 a 2012. Os resultados mostram que as empresas com estrutura de propriedade familiar envolvidas em fusões e aquisições, tendem a tomar uma posição ativa, isto é, como compradores. Além do mais, que o gerenciamento da família influi na posição como empresa compradora neste tipo de operações. Conclui-se que as famílias são investidoras que valorizam o controle acionário, adotam políticas de gerenciamento guiadas pela aversão ao risco e pela busca de um melhor rendimento e, por isto, se posicionam como compradores em fusões e aquisições.pt-BR
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dc.languagepor
dc.publisherUniversidad Militar Nueva Granadaes-ES
dc.relationhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/2658/2406
dc.relationhttps://revistas.unimilitar.edu.co/index.php/rfce/article/view/2658/2760
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dc.rightsDerechos de autor 2016 Revista Facultad de Ciencias Económicases-ES
dc.sourceRevista Facultad de Ciencias Económicas; Vol. 25 No. 1 (2017); 129-149en-US
dc.sourceRevista Facultad de Ciencias Económicas; Vol. 25 Núm. 1 (2017); 129-149es-ES
dc.sourceRevista Facultad de Ciencias Económicas; v. 25 n. 1 (2017); 129-149pt-BR
dc.source1909-7719
dc.source0121-6805
dc.subjectManagementen-US
dc.subjectfamily propertyen-US
dc.subjectpositioningen-US
dc.subjectfusions and acquisitionsen-US
dc.subjectGestiónes-ES
dc.subjectpropiedad familiares-ES
dc.subjectposicionamientoes-ES
dc.subjectfusiones y adquisicioneses-ES
dc.subjectGestãopt-BR
dc.subjectpropriedade familiarpt-BR
dc.subjectposicionamentopt-BR
dc.subjectfusões e aquisiçõespt-BR
dc.titleInfluence of ownership structure and family management on positioning in mergers and acquisitionsen-US
dc.titleInfluencia de la estructura de propiedad y de la gestión familiar sobre el posicionamiento en fusiones y adquisicioneses-ES
dc.titleInfluência da estrutura de propriedade e do gerenciamento familiar sobre o posicionamento em fusões e aquisiçõespt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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