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- Title
IMPACTOS DA ZELOTES NAS AÇÕES DAS EMPRESAS ENVOLVIDAS.
- Authors
Schmidt, Paulo; Martins, Marco Antonio dos Santos; Santos, José Luiz dos
- Abstract
The objective of this study is to show the impacts of the disclosure of Zelotes events on the stock prices of Brazilian companies cited in this operation and listed on the São Paulo Stock Exchange. The analysis was performed using the Event Study method. Impacts on three Brazilian public companies were analyzed. The study suggests that the results are not significant with 95% confidence, thus not allowing the rejection of the null hypothesis, that is, there were no significant differences between normal and abnormal returns. It was preliminarily possible to conclude that the market seems to be indifferent in the long run to complaints involving the studied companies, therefore supporting the thesis that the Brazilian market does not significantly react to corruption issues.
- Publication
Revista de Administração FACES Journal, 2018, Vol 17, Issue 2, p114
- ISSN
1517-8900
- Publication type
Article
- DOI
10.21714/1984-6975FACES2018V17N2ART5378