THE ADRS PROGRAM OF PETROBRÁS S.A.:

STRUCTURE AND EXPOSURE OF SHARE CAPITAL, DISTRIBUTION OF DIVIDENDS AND STOCK GAME

Authors

Abstract

This article analyzes the relationship between the issuance of American depositary receipts, ownership of share capital and the distribution of dividends from the perspective of remittance of dividends, the externalization of the decision-making process in Brazilian companies and the possibilities of carrying out price arbitrage operations on the shares issued by these companies based on the example of Petrobrás S.A.

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Author Biography

  • Viviane Alves de Morais, Faculdade de Direito da Universidade de São Paulo (FD-USP)
    PhD in Civil Law from the Faculty of Law of the University of São Paulo. Master in Economic History from the Faculty of Philosophy, Letters and Human Sciences of the University of São Paulo Bachelor and Licentiate in History from the Faculty of Philosophy, Letters and Human Sciences of the University of São Paulo. Bachelor of Law from the Faculty of Law of the University of São Paulo.  

     

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Published

2024-01-05

Issue

Ahead of Print

Section

Artigos