| Revista: | Revista de economia politica |
| Base de datos: | CLASE |
| Número de sistema: | 000280345 |
| ISSN: | 0101-3157 |
| Autors: | Pinto-Junior, Helder Queiroz1 Iootty, Mariana1 |
| Institucions: | 1Universidade Federal do Rio de Janeiro, Instituto de Economia, Rio de Janeiro. Brasil |
| Any: | 2005 |
| Període: | Oct-Dic |
| Volum: | 25 |
| Número: | 4 |
| Paginació: | 439-453 |
| País: | Brasil |
| Idioma: | Portugués |
| Tipo de documento: | Artículo |
| Enfoque: | Analítico |
| Resumen en inglés | Microeconomic impacts of the mergers and acquisitions of energy industries in the World: an analysis for the 1990's. The energy industries have witnessed a significant growth of global mergers and acquisitions (M&A's) process in the 1990´s. According to Unctad statistics, the total amount of global M&A deals (domestic and cross borders) on the electric, oil and gas sectors has recorded US$ 329 billions on the 1990-1999 period. The present paper sheds light on M&A process occurred on the energy industries during this period and, based on a sample of 248 transactions carried out by 18 big energy enterprises, develops an empirical microeconomic analysis about the impacts of these transactions over the performance of the firms involved. Overall, the results show significant improvements on the firms' performance after M&A operations, regarding the following variables: sales, net profits, assets, dividends, and, to a less extent, the ratio (net profits/sales) |
| Disciplines | Economía |
| Paraules clau: | Economía de energéticos, Economía internacional, Empresas, Sector energético, Fusiones corporativas, Impacto económico, Macroeconomía |
| Text complet: | Texto completo (Ver HTML) |
