An investigation of partial-adjustment of private equity backed IPOs in Brazil

dc.contributor.advisorANDREA MARIA ACCIOLY FONSECA MINARDI
dc.contributor.authorOtero, Marcelo Luzzati
dc.coverage.spatialSão Paulopt_BR
dc.creatorOtero, Marcelo Luzzati
dc.date.accessioned2016-06-23T13:35:34Z
dc.date.accessioned2021-09-13T02:36:16Z
dc.date.available2015
dc.date.available2016-06-23T13:35:34Z
dc.date.available2021-09-13T02:36:16Z
dc.date.issued2015
dc.date.submitted2015
dc.description.otherThis 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.extent24 f.pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/1358
dc.language.isoInglêspt_BR
dc.rights.licenseTodos os documentos desta Coleção podem ser acessados, mantendo-se os direitos dos autores pela citação da origem.pt_BR
dc.subjectIPOpt_BR
dc.subjectUnderpricingpt_BR
dc.subjectPartial adjustmentpt_BR
dc.subjectPrivate equitypt_BR
dc.titleAn investigation of partial-adjustment of private equity backed IPOs in Brazilpt_BR
dc.typebachelor thesis
dspace.entity.typePublication
local.contributor.boardmemberRocha, Ricardo Humberto
local.contributor.boardmemberADRIANA BRUSCATO BORTOLUZZO
local.typeTrabalho de Conclusão de Cursopt_BR
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relation.isAdvisorOfPublication.latestForDiscovery4f89a841-117c-473d-8798-96eb2d9ce1cf
relation.isBoardMemberOfPublicationccfd47d5-bd80-4464-98ce-629abb672e3d
relation.isBoardMemberOfPublication.latestForDiscoveryccfd47d5-bd80-4464-98ce-629abb672e3d

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