Abstract Historically, chemical complexes originated from a single company that developed large site with significant infrastructure and diverse operating units. However, as corporate objectives change, companies frequently consider alternative business models such mergers, acquisitions, leases, licensing agreements. These deals (referred to mergers acquisitions [M&A] in this paper) often r...

In placing capital market imperfections at the center of emerging market crises, the theoretical literature has associated a liquidity crisis with low foreign investment and the exit of investors from the crisis economy. However, a liquidity crisis is equally consistent with an inflow of foreign capital in the form of mergers and acquisitions (M&A). To support this hypothesis, we use a firm-lev...

Mergers of equals are often considered simply symbolic. Whereas existing literature on the topic views equality as underscoring the importance of distributive justice, power, or identity, the role of culture remains relatively obscure. In this study, the authors explore equality as a dynamic construct associated with two major processes in mergers of equals: cultural clash and cultural construc...

Purpose: The objective of this study is to detect and measure the occurrence extraordinary returns shareholders private higher education companies, listed on Brazilian stock market, B3, when mergers acquisitions occur.
 Methods: This uses Event Study technique process data from 46 merger acquisition events, that occurred in period 2007- 2015, involving three main applies Z-statistic test a...