Lucena, Pierre; Saturnino, Odilon; Araújo, Joseanny; … - Volkswirtschaftliche Fakultät, … - 2010
This paper aims to test the hypothesis of abnormal returns from the strategy of investing in shares with lower Price/Value Ratio (PVPA) in the Brazilian capital market. All the shares negotiated in the Sao Paulo Stock Exchange (Bovespa) from 1994 to 2006 were used, and formed 6 portfolios...
