Fusiones y adquisiciones en Brasil y choques de incertidumbre económica

Autores/as

DOI:

https://doi.org/10.19094/contextus.2022.80660

Palabras clave:

factores macroeconómicos, vectores autorregresivos, incertidumbre política, causalidad de granger, olas de M&A

Resumen

El objetivo de este artículo fue analizar la sensibilidad del volumen agregado de fusiones y Adquisiciones en Brasil a las fluctuaciones (shocks) en el nivel de Incertidumbre Económica, de 2010 a 2021, bajo fundamentos teóricos conductuales y neoclásicos sobre las causas de las M&A. Se estimó un modelo de Vector Autoregresivo (VAR) con el volumen de anuncios de M&A, el Indicador de Incertidumbre Económica - Brasil (IIE-Br), variables macroeconómicas y de mercado. Se encontró evidencia de que los anuncios de fusiones y adquisiciones en Brasil pueden responder positivamente a un shock de incertidumbre económica. Este estudio aporta evidencia empírica para la comprensión del papel de los factores macroeconómicos, incluida la incertidumbre económica, en la conducta futura del mercado de M&A.

Biografía del autor/a

Alexandre Teixeira Norberto Batista, Federal University of Minas Gerais (UFMG)

Doctoral Student in Controllership and Accounting from Federal University of Minas Gerais (UFMG)

Wagner Moura Lamounier, Federal University of Minas Gerais (UFMG)

Associate Professor at the Department of Accounting of the Faculty of Economic Sciences (FACE) of the Federal University of Minas Gerais (UFMG).

PhD in Economics from Federal University of Viçosa (UFV).

 

 

 

Poueri do Carmo Mário, Federal University of Minas Gerais (UFMG)

Associate Professor at the Department of Accounting of the Faculty of Economic Sciences (FACE) of the Federal University of Minas Gerais (UFMG)

PhD in Controllership and Accounting from Faculty of Economics, Administration, Accounting and Actuarial Science of the University of São Paulo (FEA/USP)

 

Bruno Pérez Ferreira, Federal University of Minas Gerais (UFMG)

Associate Professor at the Department of Administration of the Faculty of Economic Sciences (FACE) of the Federal University of Minas Gerais (UFMG).

PhD in Business Administration from Federal University of Minas Gerais (UFMG).

 

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Publicado

2022-10-18

Cómo citar

Batista, A. T. N., Lamounier, W. M., Mário, P. do C., & Ferreira, B. P. (2022). Fusiones y adquisiciones en Brasil y choques de incertidumbre económica. Contextus – Revista Contemporánea De Economía Y Gestión, 20, 295–307. https://doi.org/10.19094/contextus.2022.80660

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Vol. 20: jan/dec 2022

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