equity research
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Corporate Financial Distress and Reorganization: A Survey of Theoretical and Empirical Contributions.
... by considering recent papers in the field and by addressing research conducted in Brazil right after the announcement of the new Brazilian ... (1958, 1963), bankruptcy refers to the transfer of ownership from equity holders to other claimholders as soon as the value of assets drops below ...
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Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy
We analyzed the effect of managerial ownership, leverage, and managerial discretion on the agency costs of 14,719 Chilean companies. The results of the instrumental variables (IV) regressions indicate that managerial ownership and capital structure have a negative and nonlinear effect on agency costs. Managerial ownership concentration is an effective means of internal control over agency costs,...
... Research Article ... Monitoring and Managerial Discretion Effects on Agency ... Other studies warn that, while leverage mitigates equity agency costs, excessive indebtedness would lead to an increase in debt ... -
The human right to sustainable development: historical and conceptual contours
The purpose of this article is to characterize the historical assertion of the category sustainable development in the international documents legitimized by the United Nations. Points to a refinement in the notion of development, which projects it beyond merely economic development. The same refinement occurred with the concept of environmental preservation. The perspective of sustainability has
... the methodology used, it is bibliographical and documentary research. Thus, the article responds that sustainable development presents itself ... consumption on the other must be a matter of fairness and equity, depending on sustainability ... In 1990, the United Nations ... -
Expectations concerning retail: a study of clothing and shoe consumers at the bottom of the social pyramid.
... with low-income consumers, of strengthening the perception of equity and fair treatment (Chauvel & Smith, 2009) ... Numerous studies at ... be overcome; thus, further investigation and a greater amount of research must be carried out so that the concept can be expanded and qualified ...
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The relevance of tag along rights and identify of controlling shareholders for the price spreads between dual-class shares: the Brazilian case.
Introduction ... Two different equity classes of a single firm with the same cash-flow rights but different ... ) that changed the level of tag along rights throughout the research period (1995 to 2006). Besides the exogenous and endogenous changes ...
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Diário dos Municípios Mineiros – Particulares e Pessoas Físicas, 16-09-2020
... Investimento em Ações; Az Quest Master Equity Hedge Fim; Az Quest ... Master Fim; Az Quest Master Total Return Fim; Az ... Markets Research Enha; Bridgewater Optimal Portfolio@12% Trading ... Company; Jpmorgan ...
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Empowering and Resisting in a Sharing Economy: Two Sides of the Same Coin.
... Aligned with this, Martin (2016) conducted research to identify narrative framings to empower and to resist SE. While his ... But their freedom and equity sound like a fallacy as they argue: "the driver, when connecting the ...
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Diário dos Municípios Mineiros, 09-05-2019
... Comgest Growth PLC; RBC ... Funds (LUX) - Emerging Markets Value Equity Fund; RBC Emerging ... Markets Dividend Fund; Baillie Gifford Emerging ... Fund Emerging Markets Research Enhanced Equity of Jpmorgan ... Chase; Jp Morgan Emerging Markets Research ...
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Dano moral coletivo e falhas algorítmicas: breves reflexões
... Is a gain in fairness – say, approximate equity of false positive rates across demographic groups – worth a particular ... 25. EUROPA. European Parliamentary Research Service. Civil liability regime for artificial intelligence ... PE ...
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O big business bias e os desafios para a indústria brasileira
O artigo investiga a presença de mecanismos de favorecimento a grandes negócios (big business bias) e seu impacto no ambiente de negócios no Brasil. A partir da análise de instituições-chave na indústria brasileira, a saber, acesso à crédito, sistema de inovação e relações interfirmas, observa-se que a presença e forma de atuação de grupos econômicos não somente tornam a coordenação da atividade...
... ão bancárias, apenas 5% tiveram acesso a algum tipo de aporte por equity ou venture capital e apenas 1% ... Rev. Text. Econ., Florianópolis, ... Policy Research Working Paper. World Bank, 2009. Disponível em: Último acesso em ... -
Divergence of Opinion and Idiosyncratic Volatility.
... two effects and suggest that this could be addressed in future research. Because one of our measures of DIVOP captures divergence of opinion when ... MTB refers to the market-to-book value of equity. By using this ratio instead of the book-to-market value of equity, we can ...
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The effects of financial leverage and debt maturity on the investments of Brazilian electric sector companies.
... become relevant because of its importance in the economy, but research that focuses on the relationship between the level of debt and investment ... Zingales (1995), these companies should use a greater proportion of equity, and consequently reduce their debt level. On the other hand, Barclay and ...
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Custo de capital quando os dividendos sao dedutiveis.
... of the Weighted Average Cost of Capital, WACC or the Cost of Equity, Ke. Firms earn the right to TS once they accrue the interest expense and ... , granting a relevant empirical question that we leave for further research: We might examine the effect of tax shields earned by equity (interest on ...
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Brazil Tax News: Laws, Provisional Measures, Normative Instructions, And Bill Of Law Approved At End Of December 2023
... incentives for computer goods and research and development programs ... developed in the ZFM ("ZFM IT Law") ... Interest on Net Equity (JCP), provides for deemed PIS/COFINS credit ... for road passenger ...
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Seasoned Sailors: Can MNEs Learn with Troubled Institutional Environments?
In the present study, we examine the manner in which firms’ experiential learning in challenging institutional environments shapes their entry strategies in subsequent international acquisitions targeting comparable contexts. Specifically, our research delineates the nexus between the institutional expertise firms garner from operations in countries characterized by deficient institutional...
... Specifically, our research delineates the nexus between the institutional expertise firms garner from ... Partially owned subsidiaries not only offer shared equity stakes but also possess governance features conducive to the tacit ... -
Multilatinas and Value Creation from Cross-Border Acquisitions: An Event Study Approach
The central proposition of this paper is to assess the performance of cross-border acquisitions made by Multilatinas. Applying the event study method to a sample of 607 announcements of acquisitions during the period 1989-2011 by 182 Multilatinas from Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela, we conclude that: (a) on average, these announcements have a neutral impact on the...
... that underlies the event study method has been questioned, future research lines are proposed in order to search for alternative long-term ... They are relatively profitable, generating an average return on equity (ROE) of 19%, 45% of their total assets are financed by shareholder equity ... -
The polluter pays principle in the brazilian superior courts: a critical analysis
The acknowledgment of the – importance and potential – of the polluter pays principle has the power to strengthen the various legal and environmental instruments dedicated to promoting the equitable distribution of socioenvironmental burdens and bonuses and the realization of the fundamental right to a balanced environment. This text is the result of a research carried out in 2014 and updated in 2
... Coordinator of the Research Group in Law, Environment, and Justice at Antropoceno (JUMA) from ... ) should fail to do so, whether due to total or partial loss of equity or insolvency, or due to impossibility or incapacity, including of a ... -
Organizational Justice, Leader Humility, and Service Employees' Innovative Behavior in a Collectivistic Culture: The Case of Pakistan.
... , where a lot more attention continues to be focused on research (Axtell et al., 2000; Li & Hsu, 2016; Ramamoorthy, Flood, Slattery, & ... different approaches to fairness in different cultures, merit-based equity is considered fairer in individualistic cultures (Murphy-Berman & Berman, ...
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The Relationships among Employee Empowerment, Corporate Repututation, and Firm Performance: Research in the Turkish Manufacturing Industry.
... SRIVASTAVA, R.K., MCLNISH, T.H., WOOD, R.A. and CAPRARO, A.J. (1997). The value of corporate reputation: evaluation from the equity markets. Corporate Reputation Review, 1(1/2), 62-68 ... STUART, T. E., HOANG, H., & HYBELS, R. C. (1999). Interorganizational endorsements and the ...
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Value investing: a new SCORE model.
... This research investigates whether a basic accounting-based fundamental analysis method ... between value and growth firms (e.g., high and low book-to-market equity (BE/ ME) stocks). Growth stocks, as assessed by the BE/ME ratio, have an ...
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A model to assess the relationship between management opportunism and auditor reaction. Simulation on financial restatements and on a sample of Brazilian companies listed on NYSE.
... Therefore, our main research question is the following: when auditors have requested in the previous ... is viewed in net income, earnings per share, and shareholders' equity. Technical restatements do not imply quantitative effects but ...
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One decade of evolution of corporate governance practices in Brazil/Uma decada de evolucao das praticas de governanca corporativa no Brasil.
... model with perpetual growth in dividends to estimate the cost of equity. They find a significant negative relationship between the cost of equity ... and, as a by-product, offers many recent references to recent research about Brazilian corporate governance practices. The CGI contemplates ...
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A bibliometric study on culture research in international Business.
... doi: 10.1002/asi.v60:1 ... Hennart, J-F. (1988). A transaction costs theory of equity joint ventures. Strategic Management Journal, 9(4), 361-374. doi: 10.1002/smj.4250090406 ... Hennart, J.-F. (1991). The transaction costs theory of ...
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The beneficial effect of shareholder participation in general meetings: Evidence in the context of audit quality.
... Moreover, the empirical research does not provide a lot of evidence on the beneficial effect of higher ... BTM is the book value of equity divided by the market value of equity. Alt is the Altman (1983) financial ...
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Agenda 2030 measurements and finance. Interaction of International Investment Law and Sustainability
... techniques used were documentary, legislative and bibliographic research ... Keywords: Agenda 2030; Sustainable Development Goals; Global ... equity, while significantly reducing environmental risks and ecological scarcity ...