Now showing items 1-15 of 15

    • O avanço dos padrões de governança corporativa 

      Carvalho, Antonio Gledson de
      2013
      Pesquisa em foco: The evolution of corporate governance in Brazil - 2012. Pesquisadores: Professores Antonio Gledson de Carvalho,Bernard S. Black e Joelson Oliveira Sampaio
    • Can a stock exchange improve corporate behavior? Evidence from firms' migration to premium listings in Brazil 

      Carvalho, Antonio Gledson de; Pennacchi, George Gaetano
      2012-09
      Because Brazil's legal system lacked protection for minority shareholders and trading of Brazilian shares flowed to U.S. exchanges, in 2001 the Sao Paulo Stock Exchange, Bovespa, created three premium exchange listings ...
    • Corporate governance in Brazil 

      Black, Bernard S.; Carvalho, Antonio Gledson de; Gorga, Érica Cristina Rocha
      2010-03
      We examine the corporate governance practices of Brazilian public companies. We identify areas where their governance is relatively strong and weak. Many firms have small boards, comprised entirely or almost entirely of ...
    • Corporate governance indices and construct validity 

      Black, Bernard; Carvalho, Antonio Gledson de; Khanna, Vikramaditya; Kim, Woochan; Yurtoglu, Burcin
      2017-11
      Manuscript TypeConceptual and empirical. Research Question/IssueMany studies of firm-level corporate governance rely on aggregate indices to measure underlying, unobserved governance. But we are not confident that we know ...
    • Determinants of success in venture capital investments: evidence from Brazil 

      Carvalho, Antonio Gledson de; Gallucci Netto, Humberto; Siqueira, Eduardo Madureira Rodrigues
      2017
      We investigate the determinants of the success of private equity/venture capital funds. We focus specially on a Brazilian idiosyncrasy: the participation of limited partners in the investment process through investment ...
    • Dotcom bubble and underpricing: conjectures and evidence 

      Carvalho, Antonio Gledson de; Pinheiro, Roberto Benjamin; Sampaio, Joelson Oliveira
      2017
      We provide conjectures for what caused the price spiral and the high underpricing of the dotcom bubble of 1999–2000. We raise two conjectures for the price spiral. First, given the uncertainty about the growth opportunities ...
    • Os efeitos da privatização sobre o desempenho econômico e financeiro das empresas privatizadas 

      Anuatti Neto, Francisco; Barossi Filho, Milton; Carvalho, Antonio Gledson de; Macedo, Roberto
      2005-06-01
      This article focuses on the effect of privatization on the performance of privatized enterprises in Brazil. Our sample is the most extensive possible, including all privatized companies of the productive industry since ...
    • Os efeitos positivos das novas listagens da BMF&Bovespa 

      Carvalho, Antonio Gledson de
      2012
      Pesquisa em foco: Artigo em foco: Can a stock exchange improve corporate behavior? Evidence from firms' migration to premium listings in Brazil - 2011. Pesquisadores: Professor Antonio Gledson de Carvalho e George Pennacchi
    • The effect of institutional development on the growth of Brazilian firms 

      Carvalho, Antonio Gledson de
      2008
      This article focuses on the determinants of firm's growth in Brazil. In particular it investigates the individual characteristics of firm that determine its growth; how institutional development affects firm's performance, ...
    • The evolution of corporate governance in Brazil 

      Black, Bernard S.; Carvalho, Antonio Gledson de; Sampaio, Joelson Oliveira
      2014-09
      We use extensive hand collected surveys reporting governance practices of Brazilian firms in 2004, 2006, and 2009 to build a broad corporate governance index and analyze the evolution of corporate governance in Brazil and ...
    • A indústria de private equity e venture capital: 1° censo brasileiro 

      Carvalho, Antonio Gledson de; Ribeiro, Leonardo de Lima; Furtado, Cláudio Vilar
      2005
      O primeiro grande ciclo da indústria de private equity e venture capital no Brasil começou com a abertura e estabilização econômica no início dos anos 90 e teve a sua conclusão marcada pela primeira leva de IPOs de empresas ...
    • Methods for multicountry studies of corporate governance: evidence from the BRIKT countries 

      Black, Bernard S.; Carvalho, Antonio Gledson de; Khanna, Vikramaditya; Kim, Woochan; Yurtoglu, Burcin
      2014-12
      We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, 'construct validity', and endogeneity issues ...
    • Private equity and venture capital in an emerging economy: evidence from Brazil 

      Ribeiro, Leonardo de Lima; Carvalho, Antonio Gledson de; Furtado, Cláudio Vilar
      2006
      This article, based on the Brazilian experience, examines how Private Equity and Venture Capital (PE/VC) adapts to an emerging economy Our dataset is based on two extensive questionnaires answered by each of the 65 PE/VC ...
    • Razões para otimismo 

      Carvalho, Antonio Gledson de
      2007-10-03
      Apesar de o histórico da indústria de private equity e venture capital ainda ser recente no Brasil e apresentar poucos casos de sucesso, as perspectivas para seu crescimento são animadoras. Em perspectiva ampla, esse ...
    • What matters and for which firms for corporate governance in emerging markets? Evidence from Brazil (and other BRIK countries) 

      Black, Bernard S.; Carvalho, Antonio Gledson de; Gorga, Érica Cristina Rocha
      2012-09
      A central issue in corporate governance research is the extent to which 'good' governance practices are universal (one size mostly fits all) or instead depend on country and firm characteristics. We report evidence that ...