Carillion Plc: fake it ´til you break it
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/108419 |
Resumo: | The case “Carillion PLC: Fake It ‘Til You Break It” exploresthe recent collapse of Carillion, the second largest constructor in the United Kingdom, marking the largest trading liquidation known to date in the country. By exposing the company’s history from its start to its demise, the case looks intothe specificities of operating the construction industry,as well asCarillion’sM&A activity, international expansion, bidding approach and financial policy. Emphasis is further given to the Corporate Governance issues that guided the company’s downfall. The supporting teaching note guides the analysis of the case, touching on several aspects related to Corporate Finance and Corporate Governance including: (i) the risk of overvaluation of companies and synergies in the context of M&A; (ii) pros and cons of debt issuance and the effects of operating under high leverage; and (iii) effectiveness of Corporate Governance entities, namely the Board of Directors, External Advisor and Investors. |
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Carillion Plc: fake it ´til you break itConstructionAcquisitionsDebtCorporate governanceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe case “Carillion PLC: Fake It ‘Til You Break It” exploresthe recent collapse of Carillion, the second largest constructor in the United Kingdom, marking the largest trading liquidation known to date in the country. By exposing the company’s history from its start to its demise, the case looks intothe specificities of operating the construction industry,as well asCarillion’sM&A activity, international expansion, bidding approach and financial policy. Emphasis is further given to the Corporate Governance issues that guided the company’s downfall. The supporting teaching note guides the analysis of the case, touching on several aspects related to Corporate Finance and Corporate Governance including: (i) the risk of overvaluation of companies and synergies in the context of M&A; (ii) pros and cons of debt issuance and the effects of operating under high leverage; and (iii) effectiveness of Corporate Governance entities, namely the Board of Directors, External Advisor and Investors.Pinho, Paulo Soares deRUNSantos, Patrícia Maria Martins2020-12-10T14:18:25Z2020-06-012020-05-012020-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/108419TID:202524329enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:52:55Zoai:run.unl.pt:10362/108419Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:41:09.930969Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Carillion Plc: fake it ´til you break it |
title |
Carillion Plc: fake it ´til you break it |
spellingShingle |
Carillion Plc: fake it ´til you break it Santos, Patrícia Maria Martins Construction Acquisitions Debt Corporate governance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Carillion Plc: fake it ´til you break it |
title_full |
Carillion Plc: fake it ´til you break it |
title_fullStr |
Carillion Plc: fake it ´til you break it |
title_full_unstemmed |
Carillion Plc: fake it ´til you break it |
title_sort |
Carillion Plc: fake it ´til you break it |
author |
Santos, Patrícia Maria Martins |
author_facet |
Santos, Patrícia Maria Martins |
author_role |
author |
dc.contributor.none.fl_str_mv |
Pinho, Paulo Soares de RUN |
dc.contributor.author.fl_str_mv |
Santos, Patrícia Maria Martins |
dc.subject.por.fl_str_mv |
Construction Acquisitions Debt Corporate governance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Construction Acquisitions Debt Corporate governance Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The case “Carillion PLC: Fake It ‘Til You Break It” exploresthe recent collapse of Carillion, the second largest constructor in the United Kingdom, marking the largest trading liquidation known to date in the country. By exposing the company’s history from its start to its demise, the case looks intothe specificities of operating the construction industry,as well asCarillion’sM&A activity, international expansion, bidding approach and financial policy. Emphasis is further given to the Corporate Governance issues that guided the company’s downfall. The supporting teaching note guides the analysis of the case, touching on several aspects related to Corporate Finance and Corporate Governance including: (i) the risk of overvaluation of companies and synergies in the context of M&A; (ii) pros and cons of debt issuance and the effects of operating under high leverage; and (iii) effectiveness of Corporate Governance entities, namely the Board of Directors, External Advisor and Investors. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-10T14:18:25Z 2020-06-01 2020-05-01 2020-06-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/108419 TID:202524329 |
url |
http://hdl.handle.net/10362/108419 |
identifier_str_mv |
TID:202524329 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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