Profit trends and political connections in private companies supported by the Brazilian Development Bank (BNDES)

Diplôme Master Profit trends and political connections in private companies supported by the Brazilian Development Bank (BNDES) eng 2023-06-07 author Pereira E Sousa Danielle 975313 director Flores Zendejas Juan 0000-0003-2800-7258 685481 Service enseignement, recherche, administratif et technique (SdS) (SCSPS) 96 This paper studies economic development in Latin America, with a focus on the purpose of development banks, contributing to this research agenda with a firm-level profit analysis about the Brazilian meat-processing giant, JBS S.A., and its relationship with the Brazilian Development Bank (BNDES). JBS S.A. is in the center of the discussion about the purpose of development banks (DBs), as the company grew into the largest protein producer in the world with the support of BNDES through debt and equity, becoming one of BNDES’ top private client and having the bank as its second largest shareholder. This research works with two different perspectives on DBs, the industrialist and political view. This paper found evidence to reinforce both views, concluding that they are not mutually exclusive. Brazilian meat-processing giant JBS S.A Brazilian Development Bank (BNDES) Development banks (DBs) Debt Equity Protein producer Industrialist and political view Latin America Economic development Banks Firm-level profit analysis Dewey 330 Dewey 330.9 Master in Political Economy of Capitalism 123 Département d'histoire, économie et société T5 193 Institut d'histoire économique Paul Bairoch TE false 7083191f-28bb-4921-8253-fdae1524df67 Master thesis Public Mémoire final_Pereira E Sousa.pdf 1125460 application/pdf 46f00d0373e99a76e0190e7f64c18e0c893392ec5ddb475175f826cb8a93245f openAccess Faculté des sciences de la société / Département d'histoire, économie et société Faculté des sciences de la société / Institut d'histoire économique Paul Bairoch

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Profit trends and political connections in private companies supported by the Brazilian Development Bank (BNDES)				2023	587	368

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Pereira E Sousa, Danielle