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You searched for subject:( Equity split). Showing records 1 – 3 of 3 total matches.

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University of Pretoria

1. Zucchi, York Arnim Vigoni. Factors affecting the equity-split decisions at business start-up in South Africa.

Degree: Gordon Institute of Business Science (GIBS), 2012, University of Pretoria

The issue of the division of equity is one that founders of joint ventures inevitably face during the start-up phase of business development. Whilst this is an issue of great importance in that it shapes the capital structure of the business (Roberts and Zender, 2008) and impacts on the future productivity of founder members (Holstrom, 1982), it is an area that has received little systematic attention in academic literature. Hellman and Wasserman (2011) conducted a large scale study of equity splits in start-up’s and noted that the three factors of (1) the value of the idea, (2) past entrepreneurial experience and (3) capital contribution played a significant role in determining the division of equity. This study employs a qualitative research methodology to investigate the process of equity negotiation with the aim of identifying further factors that may guide decisions in equity negotiation. The key findings of the research are that the dynamics of the interpersonal relationships that exist between founder members appear to influence equity negotiations, in that preserving goodwill in these relationships was a factor that motivated founder members to lean towards equal equity splits. The two phenomena that are associated with a need to preserve goodwill within the relationship are the existence of a relationship prior to entering into business, and the business venture being based on a shared idea.Copyright Advisors/Committee Members: Prof E Swanepoel (advisor).

Subjects/Keywords: UCTD; Equity split; Equity negotiation; Start-up

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Zucchi, Y. A. (2012). Factors affecting the equity-split decisions at business start-up in South Africa. (Masters Thesis). University of Pretoria. Retrieved from http://hdl.handle.net/2263/25225

Chicago Manual of Style (16th Edition):

Zucchi, York Arnim. “Factors affecting the equity-split decisions at business start-up in South Africa.” 2012. Masters Thesis, University of Pretoria. Accessed February 16, 2019. http://hdl.handle.net/2263/25225.

MLA Handbook (7th Edition):

Zucchi, York Arnim. “Factors affecting the equity-split decisions at business start-up in South Africa.” 2012. Web. 16 Feb 2019.

Vancouver:

Zucchi YA. Factors affecting the equity-split decisions at business start-up in South Africa. [Internet] [Masters thesis]. University of Pretoria; 2012. [cited 2019 Feb 16]. Available from: http://hdl.handle.net/2263/25225.

Council of Science Editors:

Zucchi YA. Factors affecting the equity-split decisions at business start-up in South Africa. [Masters Thesis]. University of Pretoria; 2012. Available from: http://hdl.handle.net/2263/25225


University of Pretoria

2. [No author]. Factors affecting the equity-split decisions at business start-up in South Africa .

Degree: 2012, University of Pretoria

The issue of the division of equity is one that founders of joint ventures inevitably face during the start-up phase of business development. Whilst this is an issue of great importance in that it shapes the capital structure of the business (Roberts and Zender, 2008) and impacts on the future productivity of founder members (Holstrom, 1982), it is an area that has received little systematic attention in academic literature. Hellman and Wasserman (2011) conducted a large scale study of equity splits in start-up’s and noted that the three factors of (1) the value of the idea, (2) past entrepreneurial experience and (3) capital contribution played a significant role in determining the division of equity. This study employs a qualitative research methodology to investigate the process of equity negotiation with the aim of identifying further factors that may guide decisions in equity negotiation. The key findings of the research are that the dynamics of the interpersonal relationships that exist between founder members appear to influence equity negotiations, in that preserving goodwill in these relationships was a factor that motivated founder members to lean towards equal equity splits. The two phenomena that are associated with a need to preserve goodwill within the relationship are the existence of a relationship prior to entering into business, and the business venture being based on a shared idea.Copyright Advisors/Committee Members: Prof E Swanepoel (advisor).

Subjects/Keywords: UCTD; Equity split; Equity negotiation; Start-up

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

author], [. (2012). Factors affecting the equity-split decisions at business start-up in South Africa . (Masters Thesis). University of Pretoria. Retrieved from http://upetd.up.ac.za/thesis/available/etd-06032012-151704/

Chicago Manual of Style (16th Edition):

author], [No. “Factors affecting the equity-split decisions at business start-up in South Africa .” 2012. Masters Thesis, University of Pretoria. Accessed February 16, 2019. http://upetd.up.ac.za/thesis/available/etd-06032012-151704/.

MLA Handbook (7th Edition):

author], [No. “Factors affecting the equity-split decisions at business start-up in South Africa .” 2012. Web. 16 Feb 2019.

Vancouver:

author] [. Factors affecting the equity-split decisions at business start-up in South Africa . [Internet] [Masters thesis]. University of Pretoria; 2012. [cited 2019 Feb 16]. Available from: http://upetd.up.ac.za/thesis/available/etd-06032012-151704/.

Council of Science Editors:

author] [. Factors affecting the equity-split decisions at business start-up in South Africa . [Masters Thesis]. University of Pretoria; 2012. Available from: http://upetd.up.ac.za/thesis/available/etd-06032012-151704/


Universidade do Rio Grande do Sul

3. Comiran, Fernando Heineck. Reação do mercado acionário brasileiro ao grupamento de ações.

Degree: 2009, Universidade do Rio Grande do Sul

Eventos puramente cosméticos como o desdobramento ou grupamento de ações não deveriam gerar modificações no preço de mercado das empresas que realizaram tais operações. Porém, inúmeros estudos realizados nos mercados internacionais indicam que existem retornos anormais no preço das ações para tais eventos. Foi verificada a reação do mercado brasileiro aos grupamentos de ações que ocorreram entre 1986 e 2007 através do método de estudo de eventos. Os resultados indicam que não há retorno anormal nos preços das ações e que o evento possui efeitos puramente cosméticos no mercado acionário brasileiro, divergindo dos estudos realizados ao redor do mundo, predominantemente no mercado americano. Tal fato pode ocorrer pelas diferenças institucionais entre os dois países.

Purely cosmetic events such as the split or inplits should not generate changes in market prices of companies that performed such operations. However, numerous studies in international markets indicate that there are abnormal returns in the stock price for such events. It was found that the reaction of the Brazilian market to groups of actions that occurred between 1986 and 2007 by the method of study events. The results indicate that there are no abnormal returns in stock prices for these events in the national market. These results indicate that the event is purely cosmetic in the Brazilian equity market which differs from studies conducted in other markets, but predominantly in the U.S. market, and this fact can occur by the difference in institutional settings between the two countries.

Advisors/Committee Members: Procianoy, Jairo Laser.

Subjects/Keywords: Mercado de ações; Event study; Estudo de evento; Reverse stock split; Brazilian equity market; Mercado internacional

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Comiran, F. H. (2009). Reação do mercado acionário brasileiro ao grupamento de ações. (Thesis). Universidade do Rio Grande do Sul. Retrieved from http://hdl.handle.net/10183/15831

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Comiran, Fernando Heineck. “Reação do mercado acionário brasileiro ao grupamento de ações.” 2009. Thesis, Universidade do Rio Grande do Sul. Accessed February 16, 2019. http://hdl.handle.net/10183/15831.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Comiran, Fernando Heineck. “Reação do mercado acionário brasileiro ao grupamento de ações.” 2009. Web. 16 Feb 2019.

Vancouver:

Comiran FH. Reação do mercado acionário brasileiro ao grupamento de ações. [Internet] [Thesis]. Universidade do Rio Grande do Sul; 2009. [cited 2019 Feb 16]. Available from: http://hdl.handle.net/10183/15831.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Comiran FH. Reação do mercado acionário brasileiro ao grupamento de ações. [Thesis]. Universidade do Rio Grande do Sul; 2009. Available from: http://hdl.handle.net/10183/15831

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.