An investigation of partial-adjustment of private equity backed IPOs in Brazil
dc.contributor.advisor | ANDREA MARIA ACCIOLY FONSECA MINARDI | |
dc.contributor.author | Otero, Marcelo Luzzati | |
dc.coverage.spatial | São Paulo | pt_BR |
dc.creator | Otero, Marcelo Luzzati | |
dc.date.accessioned | 2016-06-23T13:35:34Z | |
dc.date.accessioned | 2021-09-13T02:36:16Z | |
dc.date.available | 2015 | |
dc.date.available | 2016-06-23T13:35:34Z | |
dc.date.available | 2021-09-13T02:36:16Z | |
dc.date.issued | 2015 | |
dc.date.submitted | 2015 | |
dc.description.other | This paper intends to analyze how the sponsorship of a private equity firm impacts underpricing of initial public offerings (IPOs). Underpricing is well documented in finance literature and occurs when the underwriter of an issue does not adjust the offering price to the demand observed in the bookbuilding phase of the IPO, creating positive initial returns. This work investigated IPOs that occurred in Brazil between 2004 and 2014 and finds evidence that private equity sponsorship increases the expected underpricing of an issue, contrary to the initial hypothesis and previous findings in literature. | pt_BR |
dc.format.extent | 24 f. | pt_BR |
dc.identifier.uri | https://repositorio.insper.edu.br/handle/11224/1358 | |
dc.language.iso | Inglês | pt_BR |
dc.rights.license | Todos os documentos desta Coleção podem ser acessados, mantendo-se os direitos dos autores pela citação da origem. | pt_BR |
dc.subject | IPO | pt_BR |
dc.subject | Underpricing | pt_BR |
dc.subject | Partial adjustment | pt_BR |
dc.subject | Private equity | pt_BR |
dc.title | An investigation of partial-adjustment of private equity backed IPOs in Brazil | pt_BR |
dc.type | bachelor thesis | |
dspace.entity.type | Publication | |
local.contributor.boardmember | Rocha, Ricardo Humberto | |
local.contributor.boardmember | ADRIANA BRUSCATO BORTOLUZZO | |
local.type | Trabalho de Conclusão de Curso | pt_BR |
relation.isAdvisorOfPublication | 4f89a841-117c-473d-8798-96eb2d9ce1cf | |
relation.isAdvisorOfPublication.latestForDiscovery | 4f89a841-117c-473d-8798-96eb2d9ce1cf | |
relation.isBoardMemberOfPublication | ccfd47d5-bd80-4464-98ce-629abb672e3d | |
relation.isBoardMemberOfPublication.latestForDiscovery | ccfd47d5-bd80-4464-98ce-629abb672e3d |
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