A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI)
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/9747 |
Resumo: | In the current adverse economic climate in which we are living, there is the question of how national banks will outline the medium and long term strategy to compete with the other players on a global scale, particularly in high-growth markets that are not saturated. The internationalization processes of the operations of national banks, namely the direct implementation of banks in the markets, have been mainly focused on markets where the Portuguese communities are, including the Portuguese-Speaking African Countries (PALOP). Given the small size of the domestic market, the national market has structured its organic dimension to that same market. One way to position the national banks on a global scale can be achieved by increasing the size of the structure of domestic banks. One of the used methods focuses on the merging of institutions as it allows to achieve synergies that lead to gains in market efficiency, and increase the return to the shareholders. It is within this scope that the study of the merger of the three largest domestic private banks – BES, BCP and BPI - is developed. This is a real case of the Portuguese financial sector, in which its individual predictable evolution, the merger and its effects, specifically the value created for the shareholders are analyzed. With the merger, which is the object of this study, a major national player shall be created which will allow the increase of the possibility of accessing to financing in international markets, the financing of the national real economy and the introduction of a strong competitive player in the markets in which it will operate. |
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A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI)MergerFree cash flow for equity (FCFF)BankingFusãoBancaSinergiasIn the current adverse economic climate in which we are living, there is the question of how national banks will outline the medium and long term strategy to compete with the other players on a global scale, particularly in high-growth markets that are not saturated. The internationalization processes of the operations of national banks, namely the direct implementation of banks in the markets, have been mainly focused on markets where the Portuguese communities are, including the Portuguese-Speaking African Countries (PALOP). Given the small size of the domestic market, the national market has structured its organic dimension to that same market. One way to position the national banks on a global scale can be achieved by increasing the size of the structure of domestic banks. One of the used methods focuses on the merging of institutions as it allows to achieve synergies that lead to gains in market efficiency, and increase the return to the shareholders. It is within this scope that the study of the merger of the three largest domestic private banks – BES, BCP and BPI - is developed. This is a real case of the Portuguese financial sector, in which its individual predictable evolution, the merger and its effects, specifically the value created for the shareholders are analyzed. With the merger, which is the object of this study, a major national player shall be created which will allow the increase of the possibility of accessing to financing in international markets, the financing of the national real economy and the introduction of a strong competitive player in the markets in which it will operate.Na atual conjuntura adversa coloca-se a questão à banca nacional de como delinear a estratégia de médio e longo prazo para concorrer com os demais players à escala global, sobretudo em mercados com forte crescimento que não se encontrem saturados. Os processos de internacionalização das operações dos bancos nacionais, nomeadamente, a sua implementação direta nos mercados, têm sido focalizados maioritariamente para mercados onde se encontram as comunidades portuguesas incluindo os países africanos de lingual oficial portuguesa (PALOP). Os bancos nacionais, face à reduzida dimensão do mercado doméstico, estruturaram a sua dimensão orgânica para esse mesmo mercado. Uma das formas de posicionar a banca nacional à escala global poderá ser obtida através do aumento da dimensão da estrutura dos bancos nacionais. Um dos métodos utilizados incide na fusão das instituições, pois permite obter sinergias que levam a ganhos de eficiência, de mercado e aumento do retorno para os acionistas. É dentro desta problemática que se estuda a fusão dos três maiores bancos privados nacionais, BCP, BES e BPI. Trata-se de um caso real do sector financeiro português onde é analisada a sua evolução previsível individual, a fusão e os seus efeitos, nomeadamente, o valor criado para os acionistas. Com a fusão em estudo será criado um grande player nacional, que permitirá aumentar a possibilidade de acesso a financiamento nos mercados internacionais, financiar a economia real nacional e apresentar-se como um forte player concorrencial nos mercados onde operar.2015-09-14T16:42:04Z2013-01-01T00:00:00Z20132013-11info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/octet-streamapplication/octet-streamhttp://hdl.handle.net/10071/9747TID:201029111porPalhinha, Nuno Gonçalo Santosinfo: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:RCAAP2023-11-09T18:01:34Zoai:repositorio.iscte-iul.pt:10071/9747Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:32:59.512161Repositório 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 |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
title |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
spellingShingle |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) Palhinha, Nuno Gonçalo Santos Merger Free cash flow for equity (FCFF) Banking Fusão Banca Sinergias |
title_short |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
title_full |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
title_fullStr |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
title_full_unstemmed |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
title_sort |
A fusão dos três maiores bancos privados nacionais (BES, BCP, BPI) |
author |
Palhinha, Nuno Gonçalo Santos |
author_facet |
Palhinha, Nuno Gonçalo Santos |
author_role |
author |
dc.contributor.author.fl_str_mv |
Palhinha, Nuno Gonçalo Santos |
dc.subject.por.fl_str_mv |
Merger Free cash flow for equity (FCFF) Banking Fusão Banca Sinergias |
topic |
Merger Free cash flow for equity (FCFF) Banking Fusão Banca Sinergias |
description |
In the current adverse economic climate in which we are living, there is the question of how national banks will outline the medium and long term strategy to compete with the other players on a global scale, particularly in high-growth markets that are not saturated. The internationalization processes of the operations of national banks, namely the direct implementation of banks in the markets, have been mainly focused on markets where the Portuguese communities are, including the Portuguese-Speaking African Countries (PALOP). Given the small size of the domestic market, the national market has structured its organic dimension to that same market. One way to position the national banks on a global scale can be achieved by increasing the size of the structure of domestic banks. One of the used methods focuses on the merging of institutions as it allows to achieve synergies that lead to gains in market efficiency, and increase the return to the shareholders. It is within this scope that the study of the merger of the three largest domestic private banks – BES, BCP and BPI - is developed. This is a real case of the Portuguese financial sector, in which its individual predictable evolution, the merger and its effects, specifically the value created for the shareholders are analyzed. With the merger, which is the object of this study, a major national player shall be created which will allow the increase of the possibility of accessing to financing in international markets, the financing of the national real economy and the introduction of a strong competitive player in the markets in which it will operate. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-01-01T00:00:00Z 2013 2013-11 2015-09-14T16:42:04Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/masterThesis |
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masterThesis |
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publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/9747 TID:201029111 |
url |
http://hdl.handle.net/10071/9747 |
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TID:201029111 |
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por |
language |
por |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf application/octet-stream application/octet-stream |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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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