equity market
-
The Effect of National Business Systems on Social and Environmental Disclosure: A Comparison between Brazil and Canada.
... voids such as a lack of norms and regulations needed for full market operations (Schrammel, 2013) ... Understanding how countries differ in ... Funding decisions in equity markets are usually based on short-term profitability. Within this system, ...
-
Carteiras de Variância Mínima no Brasil
Neste artigo, investigamos carteiras de variancia minima no mercado de acoes brasileiro, utilizando diferentes modelos de estimacao da matriz de covariancia, desde a simples matriz de covariancia amostral at´e modelos GARCH multivariados. Comparamos os resultados das carteiras de variancia minima com os seguintes benchmarks: (i) o ´indice IBOVESPA, (ii) uma carteira igualmente ponderada, (iii)...
... (Minimum Variance Portfolios in the Brazilian Equity Market) ... Alexandre Rubesam* ... André Lomonaco Beltrame** ... -
Advertising with emotional and rational appeal: effects on consumer attitude and brand equity perception of a Samsung mobile phone/Propagandas de apelo emocional e utilitario: efeitos na atitude do consumidor e na percepcao do brand equity de um celular Samsung.
... Journal of Marketing, 46(3), 92-101 ... Huang, R., & Sarigolu, E. (2012). How brand awareness relates to market outcome, brand equity, and the marketing mix. Journal of Business Research, 65(1), 92-99 ... Huertas, M. K., & Urdan, A. T. (2006). Atitude do ...
-
BlackRock’s strategy is independent of politics, head for Brazil says
... service plus a technology platform, customized for the local market. Even those who are not our customers can buy the technology service and ... United States and probably negative from a real point of view, the equity market remains very promising, and believes in a scenario of a lot of ...
-
Painting the black box white: Interpreting an algorithm-based trading strategy.
... significant intercepts in a five-factor model, while the market risk coefficients show that the algorithms differ in risk appetite, with ... , QoQ and YoY evolution of revenue, net income, EBITDA, total equity, book value and adjusted closing price are also added. All this data can ...
-
Private equity and venture capital funds: what drives the demand and supply?
... The fundraising and resource allocation process by PE/VC funds can boost the internal market of a country. So, it is intuitively possible to assert that countries will battle for international investments of PE/VC in an attempt to bring these ...
-
Parametric portfolio selection: evaluating and comparing to Markowitz portfolios/Selecao parametrica de portfolios: avaliacao e comparacao com portfolios de Markowitz.
... First, the increase of market complexity and computing power pose both challenges and opportunities to ... (explanatory variables) the book-to-market ratio (BTM), the market equity (ME), defined as the number of stocks of a given company times its price, ...
-
Exploring Systemic Risk of Chinese SIFIs Using a Simplified SRISK Model/Explorando o Risco Sistemico de SIFIs Chineses usando um Modelo SRISK Simplificado.
... other findings, the authors confirmed empirically that with capital market liberalisation, volatility in those markets decreases. The authors further ... The statistical tool shows how equity fails to provide enough capital to support the bank's leverage under ...
-
Foreigners will continue to buy Brazil, XP says
... cut interest rates."The correlation between the Brazilian stock market and the Treasury yield is very low, unlike the S&P. Foreigners will ... Ferreira: First, it makes the S&P 500 less attractive. The U.S. equity market is already stretched and has little upside potential. On the other ...
-
Stock buybacks heat up amid market rout
The widespread selloff of equity markets in the last few days pushed companies to accelerate share buybacks, one of their primary weapons to sustain prices ... Between January and ...
-
Agressividade fiscal em sociedades de economia mista no Brasil
This article examines whether government control of companies is a factor influencing tax aggressiveness, through a comparative analysis of these firms versus privately controlled companies listed on the BM&FBovespa. The analysis covers the period from 2009 through 2013 and aggressiveness is measured by three metrics: effective tax rate (ETR), book-tax difference (BTD) and tax burden disclosed in
... significant costs, thus affecting their bottom-line profits and equity value ... Because their ownership structure requires conciliating the ... of tax costs on the prices goods and services available in the market ... In the rest of the article, the theoretical background will be ... -
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 ... companies contributes to reducing the information asymmetry in the market. In order to do so, fund managers submit the prospective companies to due ...
-
Quarterly Earnings, Operating Cash Flow, and Accruals in Future Performance Assessment.
... the main issues and challenges for investors, analysts, and other market practitioners and participants is to forecast future financial outputs in ... more sustainable stream that will make it a more useful input into equity valuations models (Dechow et al., 2010). In this regard, Call et al ...
-
Is replacing standard investments with ESG substitutes a good choice?
... in its standard version, ESG and Carbon Efficient for the American market, among other traditional assets customarily used to construct investment ... and SP EURO 350 in their standard and ESG versions representing the equity market. Our results show that the investments does not perform worse when ...
-
Hedging the Brazilian stock index in the era of low interest rates: What has changed?
... From the investment perspective, this big movement in the Brazilian market prompted many agents to look for better returns in equity markets. Hence, ...
-
Price-volume relationship in the Brazilian market, stock lending and technical analysis/Relacao entre preco e volume de negocios, emprestimo de acoes e analise tecnica.
... , usually measured by turnover--that is, the ratio between, say, daily financial trading volume and the total market value of a firm's equity--and the absolute value of that equity's price change in the same period. That evidence clearly contradicts the implication from market efficiency: ...
-
The determinants of credit rating: Brazilian evidence.
... In the market view, rating agencies are expected to be independent third parties in the ... , 1999, 2000, 2002), code law countries have: (a) less developed equity markets; (b) firms with more concentrated control; (c) a lower number of ...
-
Interpartner differences and governance mode dilemma: the role of alliance scope.
... the selection of an appropriate governance form, in particular the equity versus nonequity modes (Choi & Contractor, 2016; Colombo, 2003; ... , with regard to their upstream resource endowment and/or downstream market coverage (Das & Teng, 2003; Kim & Parkhe, 2009). To bridge interpartner ...
-
Decrease in the Value Relevance of Accounting Information in Electric Distributors after the Brazilian IFRS adoption.
... this context, it is possible to restrict the scope to the capital market agents' perspective, where such information plays a prior role in investor ... is a positive and significant association between stockholders' equity, earnings, and the share price. That is, the equity component of the ...
-
Corwin-Schultz bid-ask spread estimator in the Brazilian stock market.
... Easley, O'Hara, and Srinivas (1998) developed a model where informed traders trade in equity or option markets and confirmed that option volumes are useful for forecasting stock price. Dufour and Engle (2000) tested and estimated the role ...
-
Remuneração dos executivos e risco
O objetivo do presente artigo é identificar a influência da remuneração dos executivos no risco das companhias de capital aberto listadas na B3 (Brasil, Bolsa, Balcão). Para este fim, foram coletados os dados de 230 empresas, no período de 2010 a 2019, os quais foram submetidos a regressões por dados em painel não balanceados, através do método dos momentos generalizado sistêmico (GMM-SYS). Os...
... to executives i ncrease t he companies' accounting and market risk. The disparity between the highest and l owest ... do CEO; IME: Idade média; Tex: Tenur e; ROE: Return on Equity ; MB: Market-to- book ; AT: Ativo Total; AL: Alavancagem. *- ... -
IPO determinants of Brazilian companies/Fatores determinantes para a realizacao de ofertas iniciais de acoes (IPO) de empresas brasileiras.
... for the first time with the expectation that a liquid secondary market will be created after the issuance of such shares (Ritter, 1998) ... The ... related to the relationship between the market value and the equity value of the companies in its industry because IPOs occur in clusters, i ...
-
Price-Volume Relationship in the Brazilian Market, Stock Lending and Technical Analysis
The paper tests the relevance of contemporaneous trading volume information for the pricing of shares of stock in the Brazilian market. As developed by Karpoff (1987), the particular relationship results from positive covariance between a stock’s market turnover and the absolute value of that stock’s price change in the same period. In Technical Analysis, it is believed that a role exists for...
... 1 Karpoff (1987) surveyed the existing empirical literature available at the time for the U.S. equity and commodity, currency and T-bill futures markets. A total of 18 papers had been published by then, and 17 of the papers surveyed had found evidence ... -
(CAPM x Lower Partial Moments in Brazilian and American Markets)/Comparacao CAPM x Modelos Lower Partial Moments nos Mercados Brasileiro e Americano.
... Tal dicotomia ficou conhecida como Equity Premium Puzzle (EPP) ... Catalao and Yoshino (2006) testaram o Equity ... Eles estimaram a Market Line (ML) ja contendo informacoes referentes ao retorno medio do mercado ...
-
Structure of Planning and Control Artifacts and their Accuracy in Brazilian Family Businesses.
... and therefore have less predictive controllability, namely the 'market assumptions,' such as inflation, exchange rate variations, wages, and ... result variables, such as revenue, margin, profit, and return on equity, which, despite being impacted by exogenous factors, are also consequences ...