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How does foreign capital participation affect Brazilian companies' performance?: investigation of foreign direct investment's impact on host country

Submitted by P. LM (plandinmalt@gmail.com) on 2012-06-30T20:56:16Z
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Previous issue date: 2012-05-13 / In this dissertation, we investigate the effect of foreign capital participations in Brazilians companies’ performance. To carry out this analysis, we constructed two sets of model based on EBITDA margin and return on equity. Panel data analysis is used to examine the relationship between foreign capital ownership and Brazilian firms’ performance. We construct a cross-section time-series sample of companies listed on the BOVESPA index from 2006 to 2010. Empirical results led us to validate two hypotheses. First, foreign capital participations improve companies’ performance up to a certain level of participation. Then, joint controlled or strategic partnership between a Brazilian company and a foreign investor provide high operating performance.

Identiferoai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/9865
Date13 May 2012
CreatorsMalt, Pedro Landin
ContributorsLora, Mayra Ivanoff, Rocha, Ricardo Humberto, Escolas::EAESP, Sheng, Hsia Hua
Source SetsIBICT Brazilian ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis
Sourcereponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV
Rightsinfo:eu-repo/semantics/openAccess

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