{"id":47646,"date":"2020-09-25T22:58:06","date_gmt":"2020-09-26T01:58:06","guid":{"rendered":""},"modified":"2022-02-24T13:57:49","modified_gmt":"2022-02-24T16:57:49","slug":"covid-19%e3%81%af%e4%bc%81%e6%a5%ad%e3%81%ae%e5%8f%8e%e7%9b%8a%e6%82%aa%e5%8c%96%e3%81%ab%e4%bc%b4%e3%81%a3%e3%81%a6ma%e3%82%92%e4%bf%83%e3%81%992020%e5%b9%b49%e6%9c%8824%e6%97%a5%e4%bb%98%e3%81%91","status":"publish","type":"post","link":"https:\/\/camaradojapao.org.br\/old-jp\/2020\/09\/25\/covid-19%e3%81%af%e4%bc%81%e6%a5%ad%e3%81%ae%e5%8f%8e%e7%9b%8a%e6%82%aa%e5%8c%96%e3%81%ab%e4%bc%b4%e3%81%a3%e3%81%a6ma%e3%82%92%e4%bf%83%e3%81%992020%e5%b9%b49%e6%9c%8824%e6%97%a5%e4%bb%98%e3%81%91\/","title":{"rendered":"COVID-19\u306f\u4f01\u696d\u306e\u53ce\u76ca\u60aa\u5316\u306b\u4f34\u3063\u3066M&A\u3092\u4fc3\u3059(2020\u5e749\u670824\u65e5\u4ed8\u3051\u30f4\u30a1\u30ed\u30fc\u30eb\u7d19)"},"content":{"rendered":"

\u30de\u30c3\u30b1\u30f3\u30b8\u30fc\u5927\u5b66\u306e\u30b5\u30f3\u30d1\u30a6\u30ed\u8a3c\u5238\u53d6\u5f15\u6240(B3)\u306e\u4e0a\u5834\u4f01\u696d347\u793e\u5bfe\u8c61\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u3001COVID-19\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u5f71\u97ff\u3067\u3001\u4e0a\u5834\u4f01\u696d\u306e\u58f2\u4e0a\u6e1b\u5c11\u306b\u4f34\u3046\u6c7a\u7b97\u60aa\u5316\u306b\u4f34\u3063\u3066\u3001\u4eca\u5f8c\u77ed\u671f\u4e26\u3073\u306b\u4e2d\u671f\u306e\u5408\u4f75\u3084\u8cb7\u53ce(M&A) \u304c\u5897\u52a0\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u307e\u305fCOVID-19\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u3001\u30ec\u30a2\u30eb\u901a\u8ca8\u306b\u5bfe\u3059\u308b\u30c9\u30eb\u9ad8\u306e\u70ba\u66ff\u4e26\u3073\u306b\u904e\u53bb\u6700\u4f4e\u306e\u653f\u7b56\u8a98\u5c0e\u91d1\u5229(Selic)\u306f\u3001\u4eca\u5e743\u6708\u304b\u3089\u4eca\u5f8c12\u304b\u6708\u9593\u306b3,000\u793e\u304c\u6c11\u4e8b\u518d\u751f\u6cd5\u3092\u7533\u8acb\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u66f4\u306bM&A\u4ef6\u6570\u304c\u5897\u52a0\u3059\u308b\u3068\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u4f1a\u793eAlvarez & Marsal\u793e\u306f\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u4eca\u5e74\u4e0b\u534a\u671f\u306e\u4f01\u696d\u306e\u8cb7\u53ce\u30fb\u5408\u4f75\u6848\u4ef6\u306f\u4e0a\u534a\u671f\u3068\u6bd4\u8f03\u3057\u306650\uff05\u5897\u52a0\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001M&A\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u7dcf\u984d\u306f\u3001\u4e0a\u534a\u671f\u306e41\u5104\u30ec\u30a2\u30eb\u3092\u5927\u5e45\u306b\u4e0a\u56de\u308b62\u5104\u30ec\u30a2\u30eb\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u3092\u6307\u6458\u3001\u307e\u305f\u4eca\u5f8c\u6570\u5e74\u9593\u3082M&A\u8ed2\u6570\u304c\u5897\u52a0\u3059\u308b\u3068Alvarez & Marsal\u793e\u306f\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u4eca\u5e74\u4e0b\u534a\u671f\u306eM&A\u6848\u4ef6\u5411\u3051\u6295\u8cc7\u306f\u7d04100\u5104\u30ec\u30a2\u30eb\u3092\u898b\u8fbc\u3093\u3067\u304a\u308a\u3001\u4f01\u696d\u66f4\u751f\u6cd5\u7533\u8acb\u304c\u5897\u52a0\u50be\u5411\u306e\u6642\u306f\u3001\u7d4c\u55b6\u5371\u6a5f\u3084\u4f1a\u793e\u306e\u904b\u55b6\u306b\u304a\u3044\u3066\u8ca1\u52d9\u7684\u306a\u89b3\u70b9\u304b\u3089\u554f\u984c\u306e\u3042\u308b\u4f01\u696d\u306eM&A\u3092\u610f\u5473\u3059\u308b“Distressed M&A”\u6848\u4ef6\u304c\u5897\u52a0\u3059\u308b\u3068Alvarez & Marsal\u793e\u6cd5\u4eba\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u62c5\u5f53\u306eCarlos Priolli\u5171\u55b6\u8005\u306f\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n

2005\u5e74\u306e\u4f01\u696d\u7834\u7523\u6cd5\u304a\u3088\u3073\u6c11\u4e8b\u518d\u751f\u6cd5\u3067\u306f\u3001\u72ec\u7acb\u3057\u305f\u4e00\u90e8\u4e8b\u696d\u306e\u5206\u96e2\u8b72\u6e21(UPI)\u3067\u306e\u5225\u3005\u306e\u4f1a\u793e\u8cc7\u7523\u306e\u58f2\u5374\u3092\u898f\u5b9a\u3057\u3066\u304a\u308a\u3001UPI\u306f\u56de\u53ce\u4e2d\u306e\u4f01\u696d\u304c\u76f8\u6b21\u3050\u8ca0\u50b5\u3092\u8ca0\u3046\u3053\u3068\u306a\u304f\u3001\u7b2c\u4e09\u8005\u306b\u8cc7\u7523\u3092\u58f2\u5374\u3059\u308b\u3053\u3068\u53ef\u80fd\u3067\u3042\u308a\u3001A&M\u793e\u3067\u306f\u4eca\u5e743\u6708\u304b\u3089\u4eca\u5f8c12\u30f6\u6708\u9593\u306b2,500\u4ef6\u304b\u30893,000\u4ef6\u306e\u4f01\u696d\u518d\u751f\u6cd5\u306e\u7533\u8acb\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u3002 <\/p>\n

\u6570\u5024\u3092\u305f\u3060\u5358\u306b\u898b\u6bd4\u3079\u3066\u3082\u5358\u4f4d\u304c\u7570\u306a\u308b\u5834\u5408\u306f\u6bd4\u8f03\u691c\u8a0e\u304c\u96e3\u3057\u304c\u3001\u30c7\u30fc\u30bf\u7fa4\u3092\u6a19\u6e96\u5316\u3059\u308b\u3053\u3068\u3067\u4e26\u5217\u306b\u6bd4\u8f03\u691c\u8a0e\u304c\u53ef\u80fd\u306b\u306a\u308bZ-score\u304c1.8\u4ee5\u4e0b\u3067\u3042\u308c\u3070\u4f01\u696d\u5012\u7523\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u306a\u308b\u3002<\/p>\n

\u7c73\u56fd\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306eEdward I. Altman\u306e\u30e2\u30c7\u30eb\u3067\u306f\u30012019\u5e7412\u6708\u306e\u4e0a\u5834\u4f01\u696d347\u793e\u306e\u5e73\u5747Z-score\u306f\u30de\u30a4\u30ca\u30b90.49\u3001\u4eca\u5e74\u7b2c1\u56db\u534a\u671f\u306eZ-score\u306f\u30de\u30a4\u30ca\u30b91.23\u3001\u7b2c2\u56db\u534a\u671f\u306eZ-score\u306f\u30de\u30a4\u30ca\u30b91.56\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

Souza, Mello e Torres\u5f01\u8b77\u58eb\u4e8b\u52d9\u6240\u306eClóvis Torres\u30d1\u30fc\u30c8\u30ca\u30fc\u306f\u3001COVID-19\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u3067\u75c5\u9662\u90e8\u9580\u3001\u6559\u80b2\u90e8\u9580\u4e26\u3073\u306b\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u90e8\u9580\u306a\u3069\u306f\u3001\u30d6\u30e9\u30b8\u30eb\u56fd\u5185\u3067\u306e\u7d71\u5408\u904e\u7a0b\u3067\u4f01\u696d\u8cb7\u53ce\u696d\u52d9\u90e8\u9580\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u9b45\u529b\u7684\u3067\u3042\u308b\u3068\u5f37\u8abf\u3057\u3066\u3044\u308b\u3002<\/p>\n

2021\u5e74\u306e\u30d6\u30e9\u30b8\u30eb\u56fd\u5185\u306eM&A Investment Score\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u6307\u6570\u306f\u30012020\u5e74\u3088\u308a\u308218.06\uff05\u4e0a\u6607\u4e88\u60f3\u3067\u4e16\u754c\u306e10\u6307\u306b\u5165\u308b\u304c\u3001\u4e2d\u56fd\u304b\u3089\u90e8\u54c1\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u304c\u5148\u3092\u4e89\u3063\u3066\u9003\u907f\u3057\u3066\u3044\u308b\u6771\u5357\u30a2\u30b8\u30a2\u8af8\u56fd\u306eM&A\u306e\u5927\u5e45\u5897\u52a0\u304c\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u30de\u30c3\u30b1\u30f3\u30b8\u30fc\u5927\u5b66\u306e\u30b5\u30f3\u30d1\u30a6\u30ed\u8a3c\u5238\u53d6\u5f15\u6240(B3)\u306e\u4e0a\u5834\u4f01\u696d347\u793e\u5bfe\u8c61\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u3001COVID-19\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u5f71\u97ff\u3067\u3001\u4e0a\u5834\u4f01\u696d\u306e\u58f2\u4e0a\u6e1b\u5c11\u306b\u4f34\u3046\u6c7a\u7b97\u60aa\u5316\u306b\u4f34\u3063\u3066\u3001\u4eca\u5f8c\u77ed\u671f\u4e26\u3073\u306b\u4e2d\u671f\u306e\u5408\u4f75\u3084\u8cb7\u53ce(M&A) \u304c\u5897\u52a0 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/posts\/47646"}],"collection":[{"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/comments?post=47646"}],"version-history":[{"count":0,"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/posts\/47646\/revisions"}],"wp:attachment":[{"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/media?parent=47646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/categories?post=47646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/camaradojapao.org.br\/old-jp\/wp-json\/wp\/v2\/tags?post=47646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}