brazilian investment bond
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Lei nº 9.988 de 19/07/2000. DISPÕE SOBRE A TRANSFERENCIA DE TITULOS DA DIVIDA PUBLICA DA UNIÃO PARA OS ESTADOS, E DA OUTRAS PROVIDENCIAS.
... externa, decorrentes da emissão de Brazilian Investment Bond (BIB), do Bond Exchange Agreement ...
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LEI ORDINÁRIA Nº 8481, DE 12 DE NOVEMBRO DE 1992. Autoriza o Poder Executivo a Abrir Ao Orçamento Fiscal da União, em Favor de Diversos Orgãos, Creditos Adicionais Ate o Limite de Cr$ 167.535.289.912.000,00, para os Fins que Especifica, e da Outras Providencias.
... 2200.0001 - Bônus da Dívida Externa (Brazilian Investment Bond - BIB) ... Art. 8° Esta lei ...
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The Microstructure of the Brazilian Market for Corporate Bonds.
1 Introduction ... The microstructure of bond markets is a subject of research in a wide range of markets. In the United ... of bonds is usually competitive and dominated by international investment banks (Carbo-Valverde, Rodriguez-Fernandez, & Saunders, 2016; Manconi, ...
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The Double Role of Financial Covenants in Bond Issues in Brazil.
... of covenants that limit managers' freedom with relation to investment and borrowing policies tend to reduce the cost of debt. However, another ... has been documented in the North American (Reisel, 2014) and Brazilian (Konraht, 2017) bond markets, but there is limited evidence available on ...
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The (In)Efficiency of Emerging and Developed Markets: An Analysis from Fractal Theory
The objective of this article is to study the behavior of the stock markets in emerging countries (BRICS) and developed countries (USA, England, Germany, and Japan), aiming to identify the evolution of their degree of efficiency between June 2007 and July 2021 based on the hypothesis of fractal markets. Using the Hurst exponent, the fractal dimension, and
... The impact of textual sentiment on sovereign bond yield spreads: Evidence from the Eurozone ... Sood, V. (2003). Investment strategies in private equity. The Journal of ... BAR-Brazilian Administration Review, 20(1), e210083, 2023 ... -
Does foreign direct investment cause higher levels of productivity or do higher levels of productivity attract foreign direct investment? A study in transforming brazilian industry
With this research we aimed to investigate the factors that determine the investment decision of foreign investors in the Brazilian industry. Evidence shows that foreign investors are attracted not only by more productive and best performing sectors, but depending on the adopted strategy, they may choose investment projects in sectors that have lower performance levels and offer potential of...
... Proxy variable chosen to represent Brazil Risk is C-Bond Index, which is calculated in database and published by Valor Econômico newspaper. That is the main title of Brazilian external debt traded in ... -
Brazilian REIT: alternative investment to real estate, stock and bonds/Fundos de Investimento Imobiliario Brasileiros (FII): Alternativa de Investimento ao Mercado Imobiliario, Acoes e Renda Fixa.
... linear regression and decomposition of the total variance of REIT is analyzed against these three components: Real Estate Market, Stock Market, Bond Market, as described below: ... [R.sub.FII] = [alpha] + [[beta].sub.1]*[R.sub.RE] + [[beta].sub.2]*[R.sub.S] + [[beta].sub.3]*[R.sub.B] + [epsilon] ...
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The effects of financial leverage and debt maturity on the investments of Brazilian electric sector companies.
... that focuses on the relationship between the level of debt and investment specifically in companies in this segment is not so common ... According ... the first differences of the residuals as proposed by Arellano and Bond (1991) ... However, if the autoregressive process is very persistent, ...
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Good News from Mass Media Induces More Investments in the Equity Crowdfunding Market.
... areas are capable of receiving greater investment and, as a result, have greater chances of ... The Brazilian institutional environment is characterized by ... The impact of textual sentiment on sovereign bond yield spreads: Evidence from the Eurozone crisis ...
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Earnings quality, investment decisions, and financial constraint.
... of the Generalized Method of Moments (GMM) suggested by Arellano and Bond (1991). The investment models can be estimated using the GMM-Dif or ... Given that GMM-Dif is not usually employed in the Brazilian empirical literature, we believe that its use in this study is an ...
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Earnings quality, investment decisions, and financial constraint.
... of the Generalized Method of Moments (GMM) suggested by Arellano and Bond (1991). The investment models can be estimated using the GMM-Dif or ... Given that GMM-Dif is not usually employed in the Brazilian empirical literature, we believe that its use in this study is an ...
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Operating Model and Estimation of the Insurance Premium for an Energy Futures Clearing House in Brazil.
... A major overhaul of the Brazilian electricity sector began in 1997, when the first ... projects, where the fixed income bond used is the US Treasury Bond type "USTB10," to ... , often concerning business projects or investment opportunities. Weighted Average Cost The weighted ...
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The Role of Bond Covenants and Short-Term Debt: Evidence from Brazil
This paper examines the role of financial covenants as substitutes for short-term debt and a possible trade off between short-term debt and long-term debt, especially for companies with growth opportunities. Using a sample of 159 corporate bonds issued on the Brazilian Market, we found evidence that: first, financial covenants and short-term debt are substitute tools to minimize agency conflict,...
... Using a sample of 159 corporate bonds issued on the Brazilian Market, we found evidence that: first, financial covenants and short-term ... affect an enterprise’s other activities, such as investment decisions, payout policy and leverage ... As mentioned by Billet et ... -
A Bibliometric Study on Culture Research in International Business
National cultures and cultural differences provide a crucial component of the international business (IB) research context. We conducted a bibliometric study of articles published in seven leading IB journals over a period of three decades to analyze how national culture has been impacting IB research. Co-citation mappings permit us to identify the ties binding works dealing with culture and...
... In later works, Hofstede and Bond (1988) added a fifth dimension - Confucian ... orientation, work methods, R&D investment, and so forth ... Kirkman, Lowe and Gibson ... Brazilian Administration Review, 6 (4), 299-315. Retrieved ... -
The Determinants of Credit Rating: Brazilian Evidence
This study attempts to identify the determinant factors of credit rating in Brazil. The relevance of this proposal is based on the importance of the subject as well as the uniqueness of the Brazilian market. As for originality, the great majority of previous studies regarding credit rating have been developed in the US, UK and Australia; therefore the effect on other markets is still unclear,...
... 96) ensure that “a model capable of predicting bond rating would enable firms to identify factors affecting their bond ratings ... It is argued that investors could adjust their investment portfolio based on the results presented by credit rating models ... -
The Rise and Fall of the Brazilian American Military Alliance, 1942-1977
The article examines how the military alliance took shape in the early years of World War II, how the Brazilian Expeditionary Force became symbolic of Brazil’s war role, and how end of war decisions effected Brazil’s gains. Brazilian leaders promised more than they could deliver. The post war era saw less cooperation but continued efforts at maintaining good relations. Vargas to Geisel years...
... Axis aggressor.” He noted that the action was “an additional bond in the historic friendship” that had its “roots in the beginnings of ... Free trade and free investment were the American mantras of the era. The Brazilian military was divided ... -
Good news from mass media induces more investments in the equity crowdfunding market
This study verifies the association between the text sentiment of news items and the value of capital investments in the equity crowdfunding market. It also analyzes the influence of geographic attributes on the investments made. Based on data for 736 investments made in different ventures in the largest equity crowdfunding platform in one of the main emerging markets, this study’s results...
... BAR-Brazilian Administration Review, 20(1), e210083 ... DOI: ... ; semantic analysis of the media; investment geography; financial innovation; alternative ... The impact of textual sentiment on sovereign bond yield spreads: Evidence from the Eurozone ... -
Financial Illiteracy and customer credit history.
1 Introduction ... The Brazilian Central Bank and Serasa Experian have recorded ... and defaults by using individual investment choice and consumer credit history ... of the interest rate in a capitalization bond is to define the percentage of the capital that ...
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Control structure and financial performance: An analysis of listed and delisted Brazilian companies negotiated in Brazil and in the USA/Estrutura de controle e performance financeira: Uma analise de empresas brasileiras listadas e deslistadas, negociadas no Brasil e nos Estados Unidos.
... , financial liberalization provides corporations with more investment and financing options across borders, which ultimately affects their ... Bond (2002) points out that this method allows investigating the properties of ...
- High rates curb bond issuance
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The role of bond covenants and short-term debt: evidence from Brazil.
... In this paper we study how Brazilian companies have chosen to use financial covenants and to what extent this ... simultaneously affect an enterprise's other activities, such as investment decisions, payout policy and leverage ... As mentioned by Billet et al ...
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The determinants of credit rating: Brazilian evidence.
... 96) ensure that "a model capable of predicting bond rating would enable firms to identify factors affecting their bond ratings ... It is argued that investors could adjust their investment portfolio based on the results presented by credit rating models ...
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The impact of credit rating changes in Latin American stock markets.
... worst credit quality, are considered investment grades and reflect a very low or almost ... into default in 2001 and still has a limited bond-issuing market in terms of volume and duration ... Minardi (2008) estimates Brazilian companies' default probabilities using the ...
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Foreign portfolio investment flows, expectations, and Brazilian stock market returns.
... and de Melo Zachis, S. (2012). Analise dos saltos e co-saltos nas series do IBOVESPA, Dow Jones, taxa de juros, taxa de cambio e no spread do C-Bond, EconomiA 13(1): 15-34. URL: http://www.anpec.org.br/revista/vol13/vol13n1p15_34.pdf ... Forbes, K. J. and Warnock, F. E. (2012). Capital flow waves: ...
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The Impact of Credit Rating Changes in Latin American Stock Markets
Our objective is to examine whether a rating change or Credit Watch announcement has a significant impact on Latin American stock prices. We conducted an event study to analyze stock market reaction to such news in the four major Latin American economies: Argentina, Brazil, Chile and Mexico. We find similar results to those previously observed in the literature, wherein the impact is quite...
... worst credit quality, are considered investment grades and reflect a very low or almost ... into default in 2001 and still has a limited bond-issuing market in terms of volume and duration ... Minardi (2008) estimates Brazilian companies’ default probabilities using the ...