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The pre-acquisition process: the temporal hiatus between the announcement and completion in foreign acquisitions in Brazil

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dc.contributor.authorFerreira, Manuel Portugal
dc.contributor.authorBorini, Felipe
dc.contributor.authorVicente, Simone
dc.contributor.authorAlmeida, Martinho Ribeiro
dc.date.accessioned2021-08-06T14:57:28Z
dc.date.available2021-08-06T14:57:28Z
dc.date.issued2017
dc.description.abstractPurpose – The purpose of this paper is to focus on the pre-acquisition process and, specifically, how the complexity involved in the transaction may drive the temporal gap between the formal announcement and the completion of the deal. The authors emphasize the time (in days) between announcement and completion. Design/methodology/approach – The empirical setting consists of the cross-border acquisitions (CBAs) of Brazilian firms by multinational corporations announced between 2008 and 2012. Using a sample of 741 acquisitions, the authors examine how institutional (cultural and regulatory) and technological complexity and the predictable mitigating effect of prior acquisition experience in Brazil all impact on the time needed for evaluating the target and negotiating. Findings – The results show that these complexity factors do matter for hastening the process and that recent experience with acquisitions in Brazil shortens the time needed to completion. Originality/value – This study contributes to the literature on the acquisition process and the uncertainty and complexity factors in CBA in an emerging economy.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationFerreira, M.P., Borini, F., Vicente, S. and Almeida, M.R. (2017), "The pre-acquisition process: The temporal hiatus between the announcement and completion in foreign acquisitions in Brazil", International Journal of Emerging Markets, Vol. 12 No. 2, pp. 400-414. https://doi.org/10.1108/IJoEM-09-2015-0184pt_PT
dc.identifier.doi10.1108/IJoEM-09-2015-0184pt_PT
dc.identifier.issn1746-8809
dc.identifier.urihttp://hdl.handle.net/10400.8/6029
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherEmeraldpt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectBrazilpt_PT
dc.subjectMergers and acquisitionspt_PT
dc.subjectInstitution-based viewpt_PT
dc.subjectAcquisition experiencept_PT
dc.subjectAcquisition complexitypt_PT
dc.titleThe pre-acquisition process: the temporal hiatus between the announcement and completion in foreign acquisitions in Brazilpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage414pt_PT
oaire.citation.issue2pt_PT
oaire.citation.startPage400pt_PT
oaire.citation.titleInternational Journal of Emerging Marketspt_PT
oaire.citation.volume12pt_PT
person.familyNameFerreira
person.givenNameManuel
person.identifier.ciencia-id2B1A-16D4-80DA
person.identifier.orcid0000-0002-4642-4605
person.identifier.ridA-2322-2012
person.identifier.scopus-author-id7402787382
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication69895f61-97d7-47e5-93e3-ede7fb54631c
relation.isAuthorOfPublication.latestForDiscovery69895f61-97d7-47e5-93e3-ede7fb54631c

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