Abnormal Returns
Mostrando 13-24 de 34 artigos, teses e dissertações.
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13. Clima organizacional e o mercado de ações : um estudo empírico de evento
Obtaining an excellent organizational climate has been firmly put on "today s agenda" in business circles. Research justifies this concern: the benefits brought from keeping staff satisfied range from a lower employee turnover to an increased employee commitment to Company objectives. Finding, motivating and retaining talents has become one of the main missi
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 27/03/2009
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14. Anomalias de mercado : a estrategia de impulso e do volume no Mercado de acões brasileiro
Several studies have been and continue to be conducted with the aim of identifying factors that are responsible for abnormal results in the capital market. Among the investors risk averse, there are those who follow a momentum strategy. This implies that stocks that are rising will continue to rise and stocks that are falling will continue to fall, or simply
Publicado em: 2009
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15. Mercado de capitais brasileiro: discussão sobre a eficácia dos mecanismos de proteção dos acionistas minoritários não qualificados nos processos de IPO (Initial Public Offering) na Bovespa, no período de 2004 a 2007
The central goal of this research was to increase the debating about efficacy from rules, legal actions and Corporate governance to protect the non qualified minority shareholders in the Brazilian IPOs (Initial Public Offering) programs. The theme has showed growing interest, because the number of personal investors and the Bovespas (São Paulo Stock Exchang
Publicado em: 2009
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16. An investigation on how market valuation scenario impact mergers and acquisitions performance / Uma investigação sobre como a valoração do mercado (momentos de alta e de baixa) influencia o desempenho das operações de fusões e aquisições no Brasil
O objetivo desta Tese é estudar como o nível de valoração do mercado no momento do anúncio de uma operação de fusão e aquisição (F&A) impacta a performance de ações de empresas compradoras. Isto é, se o fato de uma aquisição ocorrer em um momento de alta (ações superavaliadas) ou baixa valoração (ações subavaliadas), relaciona-se com o d
Publicado em: 2009
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17. THE COMPETITIVE ADVANTAGE OF NATIONS AND THE COMPETITIVE ADVANTAGE OF COMPANIES: DOES LOCATION MATTER? / A VANTAGEM COMPETITIVA DAS NAÇÕES E A VANTAGEM COMPETITIVA DAS EMPRESAS: A LOCALIZAÇÃO É IMPORTANTE?
There are two dominant points of view in the field of Strategic Management to explain the firm performance: the Industrial Organization view, which highlights the role of the industrial environment, and the Resource Based View, which emphasizes the importance of the idiosyncratic characteristics of firms, both extensively studied. However, the association be
Publicado em: 2009
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18. Análise do alisamento de resultados contábeis nas empresas abertas brasileiras.
Earnings management is an area that has been studied extensively; there are currently several lines of research. A significant part of these studies has examined the results of smoothing (BUCKMASTER, 2001). Income smoothing is defined as the management of results to reduce the variability of accounting results. If the smoothing leads to more information be r
Publicado em: 2009
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19. Initial public offering-ipo x retorno : uma investigação empírica nas empresas do setor de energia elétrica
This research has as objective evaluates the return of the stocks of the companies of the Brazilian electric section, striped in BOVESPA. In that sense, it was looked for to verify the accomplishment of IPO it caused over evaluation effect or of under evaluation in the price of the stocks of the companies of the electric power section that it accomplished th
Publicado em: 2009
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20. Securitie´s investment strategies based on financial statement analysis: is it possible to foresee the future? / Estratégias de investimento em ações baseadas na análise de demonstrações contábeis: é possível prever o sucesso?
This thesis investigates the usefulness and limitations of investment strategies based on financial statement analysis. Initially I assess the usefulness of the strategy for the full sample of Brazilian public-held firms. An additional analysis considers the partition of high book-to-market (HBM) or/and poor corporate governance (CG) firms. Capital markets r
Publicado em: 2008
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21. Retornos anormais versus performances operacionais anormais de firmas brasileiras envolvidas em fusões e aquisições no período de 2002 a 2006 / Abnormal returns versus abnormal operating performances of Brazilian firms engaged in merger and acquisitions from 2002 to 2006
The aim of this thesis was the investigation of Mergers and Acquisitions - M&A, a subset of what is named "business combination", observed among Brazilian firms from 2002 to 2006, which at least one of them (bidder firm or target firm) was listed in Bovespa. Mergers and Acquisitions - M&A among firms under the same group of control were not sampled, which me
Publicado em: 2008
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22. Evidências empíricas do modelo de Ohlson (1995) para o Brasil
This study aims at empirically testing whether the equity valuation model as proposed by Ohlson in 1995 fits the data from the major Brazilian companies listed on Sao Paulo Stock Exchange (Bovespa), in the period 2002-2005. It has been highlighted that the empirical application of all the premises of this model is still relatively rare and controvert for eme
Publicado em: 2008
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23. Short-term abnormal returns of Brazilian IPOs / Análise dos retornos anormais no curto prazo das emissões primárias de ações no mercado brasileiro
The subject of thesis is the analysis of short term IPO abnormal returns in the Brazilian market. The results shows average 5.39% abnormal return for the 1st day of IPOs during 1995 until February 2007, that can be explained by high liquidity issues (driven by numbers of tickets and % of IPO stock distribution), high volumes traded (driven excess volume adju
Publicado em: 2007
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24. Análise do comportamento dos retornos acionários frente ao registro de ofertas públicas de aquisição de ações no Brasil
The informal asymmetric level, which means the time needed for transcribed assets to incorporate new information available in the market, allows abnormal gain by companies in the market, as it is the assumption that the market efficiency presents itself in a semi-strong form. According to this scenario, the present study aims to examine the relationship betw
Publicado em: 2007