brazilian investment bond
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Parametric portfolio selection: evaluating and comparing to Markowitz portfolios/Selecao parametrica de portfolios: avaliacao e comparacao com portfolios de Markowitz.
... (2009) using monthly data of Brazilian stocks. We used as characteristics (explanatory ... Exchange Commission of Brazil (CVM) to investment funds. To satisfy this imposition we use a ... 2.2.1 Risk-free Bond ... We extend the base model to include a ...
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Slimmed-down state-owned banks could impact rebound of activity
After a slowdown in investment in 2019 and the perception that few companies are ... -down state-owned banks - especially the Brazilian Development Bank (BNDES) - impact the rebound of ... In 2019, bond issuance with this term was below 3% of the ...
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American IPOs prompt renewed activity in Brazilian equities market
... economic scenario if they had the option of sitting on a government bond paying 1% per month," says a stock-fund manager, who handles about R$8 ... on how it will spend the proceeds," says Alexandre Farkuh, investment banking director of Bradesco BBI ... But banks and asset managers stress ...
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American IPOs prompt renewed activity in Brazilian equities market
... economic scenario if they had the option of sitting on a government bond paying 1% per month," says a stock-fund manager, who handles about R$8 ... on how it will spend the proceeds," says Alexandre Farkuh, investment banking director of Bradesco BBI ... But banks and asset managers stress ...
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Parallel Careers and their Consequences for Companies in Brazil
Given the relevance of the need to manage parallel careers to attract and retain people in organizations, this paper provides insight into this phenomenon from an organizational perspective. The parallel career concept, introduced by Alboher (2007) and recently addressed by Schuiling (2012), has previously been examined only from the perspective of the parallel career holder (PC holder). The...
... analysis approach was used to examine Brazilian companies and the Brazilian office of ... In terms of investment, diversifying is always a smart path, and the ... , Hawkins, Ferris and Weitzman (2001) ; Bond, Galinsky, Stacy and Brownfield (2005) ; ... -
The authentic Bee-Coin: A tokenized financial instrument for revenue-generating projects with social or environmental impact.
... If predicted outcomes are achieved, a bond guarantor (typically a government entity or a ... and vegetation cover restoration in the Brazilian cerrado (savanna) biome ... Pay for success ... labor or of law enforcement affect investment inflows (Asiedu, 2006). Even with higher expected ...
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Determinants of the Capital Structure of Small and Medium Sized Brazilian Enterprises
This research investigates the determinants of the capital structure of small and medium enterprises (SMEs) using a unique database that includes over 19,000 Brazilian firms and spans 13 years of data. The econometric analysis employs the System Generalized Method of Moments estimator (GMM-Sys) and two strong results emerge: (a) profitability is negatively related to leverage, and (b) asset...
... of Moments estimator (GMM-Sys) dynamic panel estimator (Blundell & Bond, 1998). The GMM-Sys procedure allows us to explore the panel structure of ... as differential access to outside financing and credit markets, investment opportunities and riskiness related to scale ... In particular, the ... -
Are country and size risks priced in the Brazilian stock market?
... , over the 2004 to 2014 period are used, using EMBI (Emerging Markets Bond Index) as a proxy for country risk, and this is found not to be ... valuation in mergers and acquisitions, security analysis for investment recommendation purposes, for the determination of value creation by ...
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U.S. Treasuries increasingly a drag on Brazilian equities
The dynamics of the U.S. Treasury bond market began to play a significant role in the Ibovespas fluctuations in ... Ibovespa to its highest levels since 2021.Considered the safest investment in the world, U.S. government bonds are used as a benchmark for pricing ...
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Flow of foreign capital to Brazil will continue, Goldman says
... formed by the five co-CEOs of the Brazilian operation.With more than 30 years of experience ... Mora sees the flow of foreign investment associated with the monetary tightening carried ... we see many opportunities in the sustainable bond market. There are new concepts, like carbon ...
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Electricity sector taps financial market to fund projects
The Brazilian electricity sector has been seeking new, better ... power projects through bonds, investment funds, real estate receivables certificates, ... capital market to issue a long-term green bond for a greenfield project, without having sold ...
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Determinants of Dividends in the Telecommunications Sector.
... and which includes variables of investment, financing, and short-term management, for the ... in the methodology proposed by Arellano and Bond (1991), Arellano and Bover (1995), and Blundell ...
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Companies begin to replace 'sanitizer' loans
... and the uncertainties ahead, large Brazilian companies have already begun reviewing their ... daily operation of its wholesale and investment-banking units, Santander saw things change fast ... giant tapped the capital market through a bond issuance. Companies such as the drugstore chain ...
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Determinants of the implied equity risk premium in Brazil.
... cost of capital when valuing new investment opportunities. This is done because the Sharpe ... , since the available history for the Brazilian stock market is considered "short," when compared ... rate, that is, the then-current 10-year T-bond rate minus 3% p. a. This growth rate is applied ...
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Credit rating change and capital structure in Latin America.
... in the USA and Canada, classified as investment grade and speculative grade. The risk premium ... that the financial leverage and the size bond emission presented with high statistical ...
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Local companies to issue at least $20bn abroad
... in long-term foreign debt issuances by Brazilian companies has confirmed expectations that 2024 ll witness a recovery in the bond market. With a volume of $8.8 billion raised from ... bet," said Felipe Thut, the head of investment banking at Bradesco BBI.So far this year, in ...
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Conteudo informacional de ratings de credito no Brasil: um estudo de evento.
... ratings announcements affect stock and bond prices of public companies (Poon & Chan, 2008) ... stock prices of public companies in the Brazilian market. The motivation for conducting this study ... located around the line that divides investment grade and speculative grade ... Before ...
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Brazilian Treasury raises $2bn in green bonds
... with its strategy by issuing Brazils first sustainable sovereign bond in dollars in the foreign market, setting a benchmark for companies, and ... Haddad stated that the operation considered Brazil as an investment-grade country. Brazil is rated by agencies as a speculative-grade country ...
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Companies temper their IPO ambitions
... and market volatility are forcing Brazilian companies to revise their ambitious plans for ... In the past week, investment bank BR Partners and insurer Caixa Seguridade ... the investor position - in the first half, bond funds had net outflows of R$95 billion ...
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Deviations from covered interest parity: The role of fundamentals, financial and political turmoil, and market frictions.
... and high level of development, the Brazilian derivatives market has been innovative and ... emerging market, the interest rate paid by a bond issued in the market's local currency must be ... The loss of investment-grade status of Brazilian Federal Government debt ...
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Investment banking fees fall 10% in 2020
... from 2019 because of the contraction of the other activities - from bond issuance, which reached a high in 2019 on the local market, to mergers and ... acquirer Stone and the purchase of education group Laureate's Brazilian assets by Ser Educacional. "The virtual diligence ended up delaying some ...
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Brazilians increase investments abroad
... Figures of the Brazilian Financial and Capital Markets Association ... , since portfolios classified as investment abroad must be directed to people with more than ... a sharp increase of Brazilian investments in bond funds with international exposure. According to ...
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Companies prepare to resume foreign funding
... softening of long-term rates, have led investment banks, Valor has learned, to estimate that up to ... Should foreign investors interest in Brazilian companies securities be confirmed, more companies ... way, which issued a $7.5 billion sovereign bond, attracting bids over $20 billion.Offers from ...
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20 bond issues shelved after rule change
... the market grow, said Alexandre Rangel, a former director of the Brazilian securities market authority. "All concepts were well founded and are in ... funding through receivables certificates (CR) or Credit Rights Investment Funds (FIDC).Translation: Liliana HageCopyright Grupo de Diarios Amrica - ...
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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 ...