equity derivatives
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Fintechs resort to IPOs in American market
... , while the Ibovespa fell 22% in the period.For Fabrcio Larguesa, equity and derivatives trader at Meraki, the loss of traction in the Brazilian ...
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GetHFData: a R package for downloading and aggregating high frequency trading data from Bovespa.
... example, the trading records for the date 2015-11-03 in Bovespa's equity market, a small market in international terms, is stored as a single ... Exchange), which negotiated commodities, futures and other derivatives. In 8 May 2008, Bovespa and BM&F merged on BM&FBovespa (1), creating one ...
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Market Conditions and the Exit Rate of Private Equity Investments in an Emerging Economy.
... Masulis, R. W., & Thomas, R. S. (2009). Does private equity create wealth? The effects of private equity and derivatives on corporate governance. University of Chicago Law Review, 76, 219-260. Retrieved from ...
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Are higher-order factors useful in pricing the cross-section of hedge fund returns?
... strategies in our empirical analysis: fund of funds, long/short equity hedge, multi-strategy, managed futures, emerging markets and event-driven ... , CAPM, the Fama-French factor models, and many of their derivatives have a major drawback: they only consider linear factors. While a model ...
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Empresas que usam derivativos para hedge conseguem uma redução do risco?
Este estudo se propôs a avaliar o impacto da utilização de derivativos para fins de proteção (hedge) no risco das companhias de capital aberto negociadas na Bolsa de Valores de São Paulo ([B]3). A partir de uma amostra composta por 359 empresas analisadas entre os anos de 2010 e 2017 e separadas entre usuárias e não usuárias de derivativos por meio de variável dummy, foi empregada a metodologia...
... conseguem uma redução do risco? Do companies that use derivatives for hedge achieve risk reduction? ¿Las empresas que usan derivados ... M.; SMITH, S. D. Corporative derivatives use a nd the cost of equity. Journal of Banking & Finance , v. 35, p. 1941-1506, 2011 ... -
Commercial banks will back BNDES plan for Embraer
... -sector banks blending long-term credit, convertible bonds and derivatives linked to new shares. BNDESPar, the equity investment arm of BNDES, is ...
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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
... (2016). Success drivers of online equity crowdfunding campaigns. Decision Support Systems , 87 , 26-38 ... energy matrix, backed by a large production of sugar cane derivatives (e.g., ethanol) and electricity from hydropower — which accounted for ... -
Processo Nº 19957.009010/2021-72 da Comissão de Valores Mobiliários, 15-08-2023
... cash-settled equity derivatives) tornaram-se instrumento para aumentar a exposição de ...
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Tributação na economia digital: limites e desafios
... That net aggregate amount is to be recorded in opening equity (retained earnings, for corpora - tions) on the first date of their ... Aid Clampdown: The End of “Selective” T ax Ru- lings? Derivatives & Financial Instruments , 2016, V ol. 18, nº1, Journals IBFD ...
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New Regulation of Investment Funds in Brazil
... 409 divides the investment funds in different classes, based on the equity composition, as discussed in details ahead. Pursuant to this category, ... -term of the fund's portfolio less than 60 days, the use of derivatives only for hedging purposes and committed transactions backed on federal ...
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Riscos macroeconômicos
... na documentação produzida pela ISDA ( International Swap and Derivatives Association ), e que possui uma margem limitada para negociação. Isso é ... do Contrato para cobertura do serviço da dívida e do retorno de equity ... Esses pagamentos permanecem, portanto, em 95 ao longo de todo prazo do ...
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Imitation modeling for the purpose of formation of the optimum assortment sales policy
Within the framework of the scientific work, the algorithm for formation of an optimal mix of the sold commodity items in the conditions of managing the risk of changing the capital structure and obtaining the required effectiveness of the financial and economic activity of an economic entity is investigated. A methodological algorithm for solving the problem is proposed using the tool of...
... and sales volumes, commercial and variable expenses, the amount of equity capital, commodity positions, etc. for previous periods ... Conduct an ... (1997) An overview of value at risk. Journal of Derivatives. 4 (3). pp. 7-49 ... Dyson, R.G., Shale, E.A. (2010) Data envelopment ... -
Central Bank Of Brazil Regulates Covered Bonds
... ); and (ii) with respect to the minimum requirements for Reference Equity, Level I and Principal Capital established by the BCB ... The issuing ... : (i) real estate credits, (ii) National Treasury bonds, (iii) derivatives and (iv) financial assets derived from the assets included in the ...
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Assessment of the new investment limits for assets of Social Security Regimes for Public Servants established by Resolution CMN 3,922/2010.
... income (FI RF CP), hedge funds (FIM), stock funds (FIA), private equity funds (FIP), real estate (FII), overseas investment funds (FIM IE), and ... (Ed.) (2013). An Introduction to the mathematics of financial derivatives (3rd ed.). London: Academic Press ... Hosseinzadeh, M. M., & Consigli, G ...
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Investment funds and underpricing of shares.
... the role played by funds of venture capital (VC) and private equity (PE). These funds work as a financial alternative for ventures with high ... Pactual Sao Martinho Diverse foods UBS Pactual JBS Meat and derivatives JP Morgan Even Building construction Itau BBBA Pine Banks Credit Suisse BR ...
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The accounting reform in Spain. An analysis form the point of view of time and degree of knowledge of accountants.
... have introduced greater complexity for these professionals, equity is where they believe the complexity is greatest (the highest affirmative ... in 2013 and 2015, between the complications introduced by the derivatives and the hybrid financial instruments, which at both times is the ...
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Glossário
... § 15.8; § 16.4 ... Blended Equity IRR TIR Mista do Acionista ... A TIR remunerada aos investidores, ... Derivativos (na sigla em inglês para International Swap and Derivatives Association ), que elabora formulários padronizados relativos à ...
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RELATORIO de ACÓRDÃO Nº 1437 de Tribunal de Contas da União, Plenário
... and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last ... , short-term and other bonds, investment fund shares, loans, and equity. Fiscal assumptions: Projections use the baseline forecasts in the 2019 ...
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Introduction
... -related companies, 14% to the industrial sector and 6% to equity interests. In infrastructure, the privatisation of telecommunication ... is greater concentration in the energy (49) and oil and derivatives sectors (36). As a result, most federal SOEs (87) are linked to the ...
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Preferencias Heterogeneas dos Investidores por Produtos Financeiros Estruturados na China: o Impacto de Caracteristicas Demograficas.
... products 'fairly' priced? An analysis of the German market for equity-linked instruments. Journal ofBanking & Finance, 29(12), 2971-2993 ... Journal of Derivatives, 17(2), 59-72. http://dx.doi.org/10.3905/ JOD.2009.17.2.059 ... YANG, A ...
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Operating Model and Estimation of the Insurance Premium for an Energy Futures Clearing House in Brazil.
... , a well-established and widely used method in studies of derivatives and futures markets, used in studies such as those of Irwin et al. (1996), ... the rate of all the company's sources of capital (both debt and equity), weighted by the proportion of each component. ANEEL National Electric ...
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O hedge faz sentido econômico para a American Airlines?
Este estudo avalia o impacto do hedge no valor da empresa através da análise de como o valor de mercado do grupo consolidado da American Airlines é afetado por mudanças no nível de necessidade de hedge de combustível do próximo ano e valor total de seus contratos em aberto de 1989 a 2010. A pesquisa caracteriza-se como de natureza quantitativa e descritiva; o método de coleta de dados utilizado...
... Carter, Rogers and Simkins (2002) who found that hedging with derivatives provides significant improvements in company value. On the other hand, ... In other terms: ... Where Market value of equity is average quarterly stock price multiplied by the average number of ... -
Reviewing Optimized Portfolios: All Seasons Strategy.
... have emerged, fundamentally based on the development of the derivatives market (Bentes, 2011) ... In addition to this, there is also the effect ... financial beliefs and do not understand basic ideas concerning equity or diversification (Hirshleifer, 2015; Lusardi & Mitchell, 2011). Graham ...
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Vale expected to keep digging out of Brumadinho hole
... end of December, Vale's board approved a declaration of interest on equity of R$7.2 billion. The announcement does not mean that Vale will pay this ... Oil derivatives are used in mines as well as in shipping. An increase in oil could lead to ...
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Painting the black box white: Interpreting an algorithm-based trading strategy.
... on R2 of setting the variable to zero and the squared partial derivatives. Moritz and Zimmermann (2016) follow a similar approach and measure the ... , QoQ and YoY evolution of revenue, net income, EBITDA, total equity, book value and adjusted closing price are also added. All this data can ...