Political uncertainty of impeachment upon corporate investment decisions

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dc.contributor.authorJuca M.N.
dc.contributor.authorFishlow A.
dc.date.accessioned2024-03-12T19:20:21Z
dc.date.available2024-03-12T19:20:21Z
dc.date.issued2021
dc.description.abstract© 2020 The AuthorsThis study aims to verify if there is a negative relation between the investment of Brazilian companies and the impeachment of former president Dilma Rousseff. The period of analysis considers three previous (2013–2015) and subsequent (2016–2018) years to impeachment. As a result, although usually a process of impeachment provokes an environment of political instability, in the case of Brazil, the vice president, member of a center-right party, satisfied expectations of positive change. The impeachment represented loss of confidence in the political class, but also an anticipated turnaround of the country's economy. As a consequence, companies did not reduce their investments.
dc.description.firstpage149
dc.description.issuenumber2
dc.description.lastpage160
dc.description.volume21
dc.identifier.doi10.1016/j.bir.2020.09.007
dc.identifier.issn2214-8469
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/34651
dc.relation.ispartofBorsa Istanbul Review
dc.rightsAcesso Aberto
dc.subject.otherlanguageBrazil
dc.subject.otherlanguageCorporate investment
dc.subject.otherlanguageDifference-in-difference test
dc.subject.otherlanguageImpeachment
dc.subject.otherlanguagePolitical uncertainty
dc.titlePolitical uncertainty of impeachment upon corporate investment decisions
dc.typeArtigo de revisão
local.scopus.citations6
local.scopus.eid2-s2.0-85092048343
local.scopus.updated2024-12-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85092048343&origin=inward
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