brazilian investment bond
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Títulos Verdes e Desempenho: uma análise das empresas brasileiras de capital aberto
Os Títulos Verdes são instrumentos financeiros relevantes na mitigação e adaptação às mudanças climáticas, e vem despertando o interesse de empresas em todo o mundo. Neste sentido, o objetivo deste estudo é verificar qual o impacto da emissão de títulos verdes no desempenho operacional e financeiro das empresas brasileiras de capital aberto. Para a análise realizou-se regressões com dados em...
... : an analysis of publicly traded brazilian companies ... Túlio Gonçalves Gomes ... Stock market reaction to green bond issuance. Journal of Asset Management , v ... Journal of Sustainable Finance & Investment , v. 6, n. 4, p. 263-291, 2016 ... SANGIORGI, ... -
Determinantes da evasão fiscal em instituições financeiras: evidências do Brasil e dos Estados Unidos
... We ana lyzed 131 Brazilian financial institutions and 2,886 American ... Arellano e Bond (1991) propuseram um es timador GMM baseado na ... e de commodities 38 1% UK Investment Trusts 46 2% Multiline Insurance & Brokers ...
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União Química buys Bayer’s plant in São Paulo
Brazilian pharmaceutical company Unio Qumica has concluded ... He said part of the funds will come from a bond issuance and the remainder from the companys cash ... With this, the value of the investment in reais should be around R$582.4 million, based ...
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BNDES, airlines close to finalizing emergency financing details
After five months of talks between the Brazilian Development Bank (BNDES) and airlines, the first ... faster than expected - BNDES equity investment arm BNDESPar would buy up to 60% of a R$2 billion bond offering. Gol and Latam didn't provide details ...
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The river is our backyard: the crossroads of a riverside community in urban areas / O rio é nosso quintal: as encruzilhadas de uma comunidade ribeirinha em área urbana
This article aims to discuss the reality of the inhabitants of a traditional riverside community, involuntarily inserted for at least two decades, within the urban area of Urbanova neighborhood, west region of São José dos Campos, SP. These riverine community is formed by a traditional fishing community and live in an irregular settlement located in a risky and permanent protection area. The fact
... city? Empirically observing numerous Brazilian cities of the size of São José dos Campos, a ... therefore cannot receive any kind of investment in basic infrastructure. Thus, the pits implanted ... Bond of belonging Strengthened ... -constant fear ... -
Antecedents and Consequences of Three Selling Strategies in Social Enterprises.
... -term customer satisfaction to establishing a bond with the market (Kennedy et al., 2003; Leeflang, ... As a consequence, investment and dedication of resources will favorably impact ... BAR - Brazilian Administration Review, 17(2), 1-25 ...
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Estrutura de dívida e seus determinantes: uma análise das grandes indústrias brasileiras
O objetivo deste estudo é analisar os determinantes das fontes de financiamento das maiores empresas brasileiras do setor industrial, tendo como foco as empresas de capital fechado. A análise foi feita considerando uma amostra única de 153 empresas, sendo 64 de capital aberto e 89 de capital fechado. As dívidas foram classificadas em cinco categorias, a saber: a) dívida bancária; b) dívida...
... its determinants: an analysis of large Brazilian manufacturing companies Estructura de la ... (1988). Bond covenants and delegated monitoring. Journa l ... ation finance, and the theor y of investment. American Economic Reviews, 48 (6), 261-297 ... -
Creditors demand $100m in lawsuit against General Shopping
... , U.S., dated June 2021, and one in the Brazilian courts, from August. Here, the investors request ... of the bonds that seek payment are the investment fund Moneda and the holding Inversiones Odisea ... , but according to two clauses of the 2012 bond issue contract, the company was not allowed to ...
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Does Operational Risk Disclosure Quality Increase Operating Cash Flows?
... face any risk from their lending and investment practices. These rules mean that the greater risk ... Arellano and Bover (1995) and Blundell and Bond (1998). We also consider the finite sample ...
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Investors look abroad amid doubts about fiscal policy
... abroad.With the recent devaluation of Brazilian assets, the suggestion has already been revised, ... again, but some investors prefer to hold the bond that replicates the U.S. stock market index. "As ... case investors must lengthen their investment horizon. "There will be volatility because you ...
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Government tries to circumvent Amazon crisis and pitch railway
... Also on the list are Brazilian companies specialized in logistics, such as VLI ... and to their stakeholders will be of investment in the Amazon precisely when Brazil is grappling ... ministry made a partnership with the Climate Bond Initiative, a British organization specialized in ...
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Selection of a Portfolio of Pairs Based on Cointegration: A Statistical Arbitrage
... arbitrage, have been used by investment banks and hedge funds for several years. Possibly ... An analysis based on Brazilian data is important not only because Bovespa is the ... Non-linear predictability in stock and bond returns: When and where is it exploitable? ...
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BTD anormais, accruals discricionários e qualidade dos accruals em empresas de capital aberto listadas no Brasil
Este estudo teve como objetivo analisar as implicações das BTD, decorrentes das práticas de gerenciamentos dos resultados contábeis e tributários, nos accruals discricionários e na qualidade dos accruals em empresas de capital aberto listadas no Brasil. Metodologicamente, considerou-se uma amostra de 290 empresas e o período de 2002 a 2015, com a apuração de uma medida de BTD Anormais para o...
... of an abnormal BTD measure for the Brazilian context. Then, the Abnormal BTDs were associated ... á relacionado com os estudos de Arellano e Bond (1991), Arrellano e Bover (1995) e Blundell e ... Financial Reporting Quality Relate to Investment Efficiency? Journal of Accounting and Economics ... -
Estrutura de capital: uma revisão bibliográfica das publicações dos periódicos nacionais
A estrutura de capital está sendo estudada profundamente desde os trabalhos de Modigliani e Miller (1958 e 1963). Neste contexto, os pesquisadores vêm buscando explicar a utilização das mais diversas estruturas de capital utilizadas e suas aplicações. Assim, esta pesquisa busca identificar como está sendo pesquisada a estrutura de capital em periódicos nacionais. Para tal, foi realizado um...
... , the results of the work showed that Brazilian companies tend to adopt a capital structure based ... dinâmico (ver descrição em Arellano e Bond (1991)), sendo mais rubousto para casos de ... , corporation finance and the theory of investment. The American Economic Review , v. 48, n. 3, , ... -
Insurance Now Can Be Used As Bond On Tax Executions
... gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in ... © Copyright 2014. Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. All rights reserved ...
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The beneficial effect of shareholder participation in general meetings: Evidence in the context of audit quality.
... has raised concerns about their investment strategies. This is because institutional ... matter to investors? Evidence from the bond market. Journal of Accounting Research, 42(4) ...
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Nonparametric option pricing under Beta-t-GARCH process with dynamic conditional score.
... prices on two stocks traded on the Brazilian Financial Market BOVESPA, specifically Vale and ... stochastic volatility with applications to bond and currency options, Review of Financial Studies ... Foundation of AIMR (Association for Investment Management and Research) ... Liu, Y., Li, J ...
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Relação entre os dividendos e a classificação de rating de empresas brasileiras
Este estudo investigou a relação entre a política de dividendos e a classificação de rating das empresas listadas na B3 de 1995 a 2017. Para isto, verificou duas hipóteses. (a) se dentre as empresas possuidoras de rating, as que têm melhor classificação distribuem mais dividendos, e (b) se dentre todas as firmas, as com classificação de rating distribuem mais ou menos dividendos do que aquelas...
... dividends and rating classification of Brazilian companies ... Relación entre dividendos y la ... especulativo e grau de default ou Junk Bond (KHIEU; PYLES, 2016) ... Damasceno, Artes e ... a credit rating change on dividend and investment policy interactions. The Financial Review , v ... -
Foreigners will continue to buy Brazil, XP says
... rates."The correlation between the Brazilian stock market and the Treasury yield is very low, ... As a result, bond yields have risen rapidly. And in addition to the ... An investment yielding one dollar plus 5% in the worlds least ...
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O estado brasileiro pode ser proprietário e gestor do sistema financeiro?
A crise financeira de 2008 possibilitou a elaboração de novas propostas, em todo o mundo, sobre o sistema financeiro. Nesse sentido, o presente texto examina se, no Brasil, pode-se aplicar a proposta teórica do jurista português Avelãs Nunes, com vistas a controlar as crises financeiras, de tornar o Estado único proprietário e gestor do sistema financeiro. Para verificar a viabilidade da proposta
... the feasibility of this proposal in the Brazilian state, it investigates whether, in the 1988 ... Trata-se do Social Impact Investment Markets (SIIM), modelo adotado pelos ingleses ... para os investidores; e o Social Impact Bond (SIB), que surge como resposta à crise de 2008 ... -
Identity in Family Firms: A Theoretical Analysis of Incentives and Contracts
We developed a principal-agent model that coherently and parsimoniously explains previous findings from research on executive compensation in family firms. We introduce organizational identification in the model in order to capture the effect of family firms’ distinctive characteristics on the agent’s behavior. After describing the optimal incentive contract under moral hazard, we show that the...
... superior skill or information to make investment decisions ... Usually, the manager is ... these actions parents create a family bond that “transfer a history, identity, and ... O. (2011). Agency relationships in a Brazilian multifamily firm. Family ... Business Review, ... -
Exposição a Risco e Captação em Fundos de Investimento: os Cotistas Monitoram a Alocação de Ativos?
Esse estudo identifica o impacto do risco dos ativos dos fundos de renda fixa e referenciados sobre sua captac¸ ao no mercado brasileiro, explorando a variac¸ao exogena na percepc¸ao de risco de passivos emitidos por bancos (CDBs), causada pela crise financeira internacional que se seguiu `a quebra do banco Lehman Brothers nos EUA, em setembro de 2008. A hipotese central e que a exposic¸ao dos...
... (Risk Exposure and Net Flow in Investment Funds: Do Shareholders Monitor Asset Allocation?) ... net flow of fixed income funds in the Brazilian market, by exploiting the exogenous variation in ... também por GMM-Sys, descrito por Blundell & Bond (1998), em adiçãoà estimação tradicional por ... -
Gestao do ciclo financeiro, rentabilidade e restricoes financeiras/(Cash conversion cycle management, value creation, and financial constraints).
... (1982), Arellano & Bover (1995) e Blundell & Bond (1998). GMM e indicado para utilizacao em paineis ... and company value: Evidences from Brazilian companies listed on BM&F BOVESPA. Journal of ... Decision: Economic Analysis of Investment Projects. Oxford: Routledge ... Blundell, R. & ...
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Uncertainty to slow down advance of corporate debt
... Doubts about the role of the Brazilian Development Bank (BNDES) and the uncertainties ... abroad due to the lack of access to the bond market," said Gilberto Nakayasu, head of ... , we need to evaluate how the companies investment plans will be and if they will eventually fall ...
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O Mercado de Ações no Brasil antes do Índice Bovespa
O trabalho descreve a disponibilidade de indices de mercado de acoes e titulos publicos de renda fixa no periodo de 1950 a 1967, antes da criacao do Ibovespa. Retornos nominais mensais sao calculados, levando `a determinac¸ao do premio historico por risco de mercado, chegando-se `a media mensal de 1,86% ao mes, contra 1,65%ao mes no periodo de janeiro de 1968 a outubro de 2013. Os retornos dos...
... (The Brazilian Stock Market in the Pre-Ibovespa Era) ... Antonio ... availability of equity market and government bond indices for the 1950-1967 period in Brazil, ... http://www.capital-flow-analysis.com/ investment-tutorial/case_1q.html. Em maio de 1960, em ...