Examinando por Materia "Control corporativo"

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    Ítem
    Control corporativo y riqueza de los accionistas en el sector eléctrico europeo
    (Universidad EAFIT, 2011-12-15) García, John J.; Trillas, Francesc
    This paper analyzes how announcel changes in the corporate control (takeover) of Endesa, Hidrocantábrico and Scottish Power affect their stock market returns and the impact that these events have on the stock market returns of competitors of the target firm. Using an “event study” methodology we find that takeovers positively and significantly affect at the 1% level, the stock market return of the target firm. Results are robust across several econometric specifications as GARCH and MCO models. Also, the results suggest the announcement of the launching of a takeover positively and significantly affects the stock market return of the target firm´s competitors in industries with high market power.
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    Ítem
    Mercado de control corporativo en Colombia : el caso de la OPA a SURA
    (Universidad EAFIT, 2023) Valencia Carvajal, Jose Luis; Palomino Acevedo, Luis Felipe; Gaitán Riaño, Sandra Constanza
    In 2021, one of the most attention-grabbing corporate events in recent years took place in Colombia involving Grupo Sura, which belongs to the Antioquia conglomerate known as GEA (Grupo Empresarial Antioqueño), and which was surprised by a takeover bid presented by the company JGDB Holdings, a company owned by the Gilinski group, with which they sought to acquire approximately 32% of the property, this led to alert mechanisms being generated within the board of directors of Grupo Sura to look for protection mechanisms and to be able to counteract this hostile operation; which was followed by two other takeover bids, concluded in March 2022 and where as a result, the Gilisnki group was able to acquire 34,58% of the company, becoming the non-controlling majority shareholder. This case makes it possible to realize an analysis of the theory and practices related to a company's corporate governance system to mitigate possible impacts on its value and in the face of possible conflicts of interest that may arise concerning a hostile takeover bid.