Showing 1 - 10 of 170
families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …
Persistent link: https://www.econbiz.de/10011372137
families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …
Persistent link: https://www.econbiz.de/10010406401
This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian … (approximated) private income elasticity close to 0.4 and credit and interest (semi) elasticities of household consumption close to …
Persistent link: https://www.econbiz.de/10009231389
The Brazilian capital market has been in the last 10 years a attractive space for negotiations and opening of company’s capital. The early studies of market anomalies that are looking for evidence on reasons of understatement and overstatement at the time of the IPO in Brazil date back to...
Persistent link: https://www.econbiz.de/10015237693
This paper examines how regulatory interventions can affect the market risk of electricity utilities and telecom carriers traded in the Brazilian stock market. Our article uses a bivariate Generalized AutoRegressive Conditional Heteroskedasticity (GARCH - BEKK) model to analyze the impact of two...
Persistent link: https://www.econbiz.de/10011372325
Portuguese Abstract: O crescimento vigoroso da indústria de Private Equity no mundo gerou questões fundamentais, como por exemplo explicar se as empresas abertas previamente investidas por estes gestores geram retornos reais aos seus acionistas, após o evento do IPO. Pouco se analisou,...
Persistent link: https://www.econbiz.de/10012949907
This paper examines how regulatory interventions can affect the market risk of electricity utilities and telecom carriers traded in the Brazilian stock market. Our article uses a bivariate Generalized AutoRegressive Conditional Heteroskedasticity (GARCH - BEKK) model to analyze the impact of two...
Persistent link: https://www.econbiz.de/10011338737
Portuguese Abstract: Este estudo avalia o comportamento de carteiras formadas por ativos do mercado acionário brasileiro ordenados em função de sua volatilidade para investigar a anomalia de baixa volatilidade.Entre janeiro de 2003 e junho 2017, o portfólio de baixa volatilidade apresentou...
Persistent link: https://www.econbiz.de/10012846744
Portuguese Abstract: O prémio de risco (PR) é um elemento primordial tanto na determinação da rentabilidade esperada dos ativos, como na determinação do custo de capitais, aspetos tão importantes em finanças empresariais como em avaliação de empresas.O PR histórico é o mais...
Persistent link: https://www.econbiz.de/10012995029
Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...
Persistent link: https://www.econbiz.de/10011444810