Evaluation of Merger and Acquisition Processes in the Brazilian Banking Sector by means of an Event Study

Daniel Reed Bergmann, José Roberto Ferreira Savoia, Bruno de Melo Sousa, Frederic de Mariz
2015 Revista Brasileira de Gestão De Negócios  
Objective -Analyze the reactions of the stock market to M&A announcements, i.e. find out if there was value creation and consequently maximization of shareholder wealth or whether there was value destruction and consequently a decrease in the wealth of the shareholders of the acquiring companies in the short term.
doi:10.7819/rbgn.v17i56.2074 fatcat:wcmljmbh4zbmhoigbqz7al2gli