Dividend
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Corrupção e desigualdade
... Disponível em: ... Acesso em: 15 fev. 2017 ... 367 WEDEMAN, Andrew. Looters, rent-scrapers, and dividend-collectors: corruption and growth in Zaire, South Korea, and the Philippines , 1997. In: ROSE-ACKERMAN, Susan. Corruption and government: ...
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O tributo e o desenvolvime nto sustentável
A política tributária sustentável é aquela que consegue aprovação no teste de benefícios líquidos (ambientais, sociais e econômicos). Para respeitar o sistema constitucional e os compromissos internacionais assumidos pelo país, é inadiável a incorporação definitiva do princípio da sustentabilidade no plano das relações tributárias, de maneira baseada em evidências. Mais do que nunca, além da...
... “Environmental Taxation and the Double Dividend: A Reader´s Guide, International Tax and Public Finance, Vol.2, issue 2, 1995, pp. 157-183. 50 Vide, para ilustrar, PLC 73, de 2007 e, ainda, PL ... -
Petrobras ends corporate restructuring with record dividends
... supply and demand for the commodity driving fuel prices, brings question marks about Petrobrass pricing policy, the mainstay of this robust dividend payout.In a recent report, BTG Pactual states that if the company manages to complete the sale of its refineries, the risk of political interference ...
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Are country and size risks priced in the Brazilian stock market?
... [P= [[D.sub.0](1 + g)/(r - g)]] (4) ... * [D.sub.1] = [D.sub.0](1 + g) = next period's expected dividend ... * r = rate of return required by the investor ... * g = rate of growth of dividends ... Proposed by Gordon (1959), the formula is known as the ...
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Petrobras shares back on analysts’ radar
... that Petrobras is expected to increase investments in low-carbon projects, but the focus remains on pre-salt and deepwater, while the new dividend policy is likely to follow the example of what happened with the fuel rules - there could be occasional changes without fundamentally changing ...
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O papel da análise fundamental na seleção de ações para investimento
O comportamento das cotações das ações em Bolsa, em geral, espelha o estado da própria economia, daí que a opção por este tipo de investimento nem sempre gere um retorno positivo. A análise fundamental de avaliação de açoes desempenha um papel relevante na tomada de decisões de investimento e implica a análise do desempenho das empresas a que essas ações se referem. O objetivo do presente estudo...
... / Ativo Total Mercado Financeiro Earning Per Share (EPS – Resultado por Ação) Resultado Liquido / Número Ações Emitidas Dividend Per Share (DPS - Dividendo por Ação) Dividendos / Número Ações Emitidas Taxa de Distribuição de Dividendos (P ayout Ratio ) Dividendos / ... -
Brazilian credit union member groups: Borrower-dominated, saver-dominated or neutral behavior?
... The gap between the dividend rate paid to savers and the interest/loan rate paid by borrowers gives the main source of income to a CU (Spencer, 1996) ... A CU acts as a ...
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Tire suas dúvidas
... Hoje, os dividendos so livres de Imposto de Renda no Brasil. A proposta de reforma tributria, porm, prev IR de 20%.O que dividend yield?Ele mostra o percentual de lucros que a companhia distribuiu ao longo do ano frente ao valor da ao. Ento, se uma empresa distribuiu lucro de R$ ...
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Real estate funds eye slices in projects
... In up to two years, we will have a return."The fund has a dividend yield of 16.3% in 12 months, assets of R$181 million, and 4,323 shareholders. "We leave a cushion invested in securities to guarantee good recurring ...
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Lula, Petrobras CEO question oil company’s high dividends
... for being the worlds second-largest payer of dividends in 2022, with $21.7 billion, and for having the largest year-over-year growth of dividend distribution, with an increase of $12.6 billion over 2021 - according to a report by the British asset management firm Janus Henderson published on ...
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The Influence of the Organizational Life Cycle on the Violation of Financial Covenants.
... Financial covenants are generally classified as capital covenants, when they are used to minimize agency problems by limiting dividend payments, new fundraising, and the carrying out of investments; or they are classified as performance covenants, when they are established based on ...
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Banks more optimistic about 2024 after troubled year
... due to exchange rate variationthe bank has the greatest exposure to other countries among Brazilian lenders.After paying an extraordinary dividend of R$11 billion on last years results, Ita indicated that additional dividends should be distributed this year. CEO Milton Maluhy said the bank will ...
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Determinants of the implied equity risk premium in Brazil.
... The cost of equity was estimated using the dividend discount model, with data for 729 firms on all continents. Lima & Sanvicente (2013) present evidence that better governance reduces the cost of ...
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A (des)necessidade do conceito de capital social no direito societário brasileiro: uma análise à luz dos direitos norte-americano e europeu
... ders. If more security ex ante is deemed to be appropriate it could be provided that a company intending to pay a dividend needs to have assets exceeding its liabilities at least by ten per cent. As for shareholders’ rights, shares could give rights to shareholders in ...
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O Processo Decisório sobre a Distribuição de Lucros das Empresas Listadas na BM&FBOVESPA: Survey com CFOs
Com o objetivo de conhecer o processo decisorio da distribuicao de lucros das empresas listadas na BM&FBovespa foi enviado ao CFO dessas empresas um questionario, construido de forma adequada as particularidades brasileiras. Foi identificado que a decisao final sobre a politica de dividendos e, na maioria das empresas, do conselho de administracao que recebe uma proposta preparada pela gestao. Os
... believe that share repurchase is advantageous to shareholders; however, it is viewed more as an investment decision by the company than a dividend policy. The interest on own capital is broadly used because it provides a fiscal benefit to the company. It seems that management compensation ... -
Transparency
... and dissemination of an information disclosure policy, in accordance with current legislation and best practices; V – drafting of a dividend payout policy, pursuant to the public interest that justified the creation of the public company or mixed-capital corporation; VI – dissemination, ...
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A tributação da inteligência artificial entre novos impostos e incentivos adicionais
... Southern Economic Journal, v. 61, n. 4/1995, 915; FULLERTON, METCALF. Environmental taxes and the double-dividend ...
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A Real Options Model with Games Applied to the Rio de Janeiro Residential Real Estate Market.
... The dividend rate was calculated by the ratio [delta] = rent + condominium/property value (Costa & Samanez, 2008). The value of 5.54% was found for the average ...
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Direito Comparado Negativo: o empreendimento sanitização
Este artigo desafia quatro pressupostos básicos e entrelaçados que informam o Direito Comparado ortodoxo: que um comparatista pode representar exatamente o Direito estrangeiro; que ele pode escrever sobre Direito estrangeiro objetivamente; que ele pode declarar a verdade sobre o Direito estrangeiro; e que ele desfruta do arbítrio subjetivo para superar os obstáculos no caminho para a realização...
... produced conclusions that are widely regarded as proving particularly incisive and as featuring a more compelling theoretical and practical dividend than the other models on offer – which is no doubt why so many books and authors, corroborating the force of his discernment, have regarded his ... -
American option pricing with machine learning: An extension of the Longstaff-Schwartz method.
... However, no analytical solution to American option pricing exists, even in the Black-Scholes framework, except for calls on non-dividend-paying stocks, whose prices are equal to their European counterparts. Likewise, under the Heston model, analytical solutions to the European call and ...
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The (in) viability of green tax reform in Brazil
The green tax reform would be a viable reform in Brazil? Faced with this question, this article discusses the elements on which it based environmental taxation, citing the ongoing experiences of other countries, and any criticism of such a reform model. From these parameters, the green tax reform is analyzed within the Brazilian context, considering essentially the considerable regressivity of...
... It is from these multiple purposes of the ecological tax reforms that the notion of “double dividend” is demonstrated. The double dividend or dual beneit is thus a notion developed by economists to indicate the multiplicity of objectives that can ... -
Conditions for interest rate cuts are already in place, BB CEO says
... When we look at our dividend policy, there is even a discussion about whether BB could pay and increase dividends. Our strategy is linked to management responsibility. Within the ...
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Petrobras has new bylaws, awaits public spending watchdog’s decision
... current plan, 2023-2027.The proposal to create the capital reserve was made at the end of October, three months after Petrobras changed its dividend policy. At the time, the company reduced the percentage of free cash flow for dividend payments to 45% from 60%. The company has denied that the ...
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Large companies have surplus cash, but for how long?
... Even with the cash boost, Petrobras has announced several measures to preserve cash, such as postponement of dividend payment to December, reduction of investments and production cut. Smaller companies more exposed to the pandemic effects, such as airlines, will have ...
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Brazilian stock market remains attractive amid global volatility
... the historical average and incompatible with the fundamentals -, the less vulnerability to the global liquidity reduction, and the high dividend yields are likely to help that, compared to other emerging markets, Brazil remains more attractive in the next 12 to 18 months.For Ronaldo Patah, ...