Inovação tecnológica: a privatização após o uso das "moedas podres"

Jairo Laser Procianoy and Paulo Cesar Delayti Motta

RAE - Revista de Administração de Empresas, 1992, vol. 32, issue 5

Abstract: Afier an analysis of the privatization economic model and the innovative financiaI instrumente, we present the key aspects of the Brazilian Redeemable Preferred Shares as a way of raising funds in the stock market and its most important characteristics. Taking as an example the very successful nationalization of the Massey Perkins subsidiary, in Brazil, we suggest the usage of the Redeemable Preferred Shares in the Brazilian privatization program as a way to raise long term funds for the new majority shareholders and to get a better price for the government's assets without waiting the "right" bull market afier the usage of the "moedas podres".

Date: 1992
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