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| Author: | Rocha, F. Kupfer, D. |
| Title: | Structural changes and specialization in Brazilian industry: the evolution of leading companies and the M&A process |
| Journal: | Developing Economies
2002 : DEC, VOL. 40:4, p. 497-521 |
| Index terms: | Mergers Specialization Structural change Brazil |
| Language: | eng |
| Abstract: | This paper analyzes changes in the Brazilian productive structure and in ownership structures of leading companies during the 1990s. The main findings are: 1) the sectoral distribution of leading companies has remained stable; 2) there has been a strong change in the ownership structure in Brazil, with an increase in the participation of multinational enterprises (MNEs) in the sample of leading companies; 3) this increase in participation may be partially, though not integrally, explained by M&A transactions; 4) though the M&A process has been quite intensive in the period, productive concentration has decreased among the group of leading companies; and 5) acquiring firms have adopted specializing strategies during the period. |
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