Capital Stock Estimation
Mostrando 1-10 de 10 artigos, teses e dissertações.
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1. Crescimento, fronteira tecnológica e a hipótese da relatividade do capital humano / Growth, technological frontier and the relative importance of human capital
In recent years several studies have emphasized the importance of human capital for economic development. However, many of these studies have not incorporated the different stages of development to which the economies are found. In this sense, different degrees of proximity to the technological frontier induce the results of economic policy, so that the glob
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 17/11/2011
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2. Efeitos do comÃrcio internacional sobre as remuneraÃÃes dos fatores no Brasil: uma anÃlise dos cones de diversificaÃÃo / Effects of international trade on the remuneration of the factors in Brazil: an analysis of the cones of diversification
Esta dissertaÃÃo apresenta um modelo empÃrico de cones de diversificaÃÃo. Utilizamos dados de capital e produÃÃo das OrganizaÃÃes das NaÃÃes Unidas para o Desenvolvimento Industrial e dados de trabalho da OrganizaÃÃo Internacional do Trabalho. O objetivo à localizar a posiÃÃo do Brasil em relaÃÃo aos outros paÃses que apresentem semelhanÃ
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 22/07/2010
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3. Funds investing in stocks in Brazil: Performance and size make a difference? / Fundos de investimento em aÃÃes no Brasil: Performance e tamanho fazem diferenÃa?
This article aims to contribute to the mainstream in Asset Pricing Theory, proposing and testing empirically, with pricing exercises and in-sample forecasting, a multifactor linear approach, such that, it is possible to account for the main empirical evidences in a promising Brazilian financial market: stock mutual funds. Following the methodology developed
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 11/06/2010
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4. O efeito disposição e suas motivações comportamentais: um estudo com base na atuação de gestores de fundos de investimento em ações / The disposition effect and its behavioral motivations: a study based on stock fund managers trading activity
The disposition effect, originally proposed by Shefrin and Statman (1985), predicts that investors tend to sell winning stocks too soon and ride losing stocks too long. Despite the wide range of research evidence about this issue, the reasons that lead investors to act this way is still subject to much controversy between rational and behavioral explanations
Publicado em: 2010
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5. Estimating betas from fundamentals: an analysis of Brazilian banks / Avaliação de betas por fundamentos: uma análise de bancos no Brasil
The cost of equity capital, according to the CAPM of Sharpe, Lintner and Mossin, depends on the beta of a company stock. However, a relevant part of Brazilian banks is not listed in any stock exchange. Therefore, this paper has the objective of proposing and testing a methodology to estimate betas based on specific bank fundamentals. The model, based on bank
Publicado em: 2009
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6. UTILIZATION OF A FOUR-FACTOR AS A SUPPLEMENTARY TOOL FOR THE ADMINISTRATION OF PORTIFOLIOS OF IBRX STOCKS / ANÁLISE DA UTILIZAÇÃO DE UM MODELO DE QUATRO FATORES COMO FERRAMENTA AUXILIAR PARA GESTÃO DE CARTEIRAS BASEADAS NO IBRX
The IBrX is an index that evaluates the return of a theoretical portfolio composed of one a hundred stocks selected as the most trader as the São Paulo Stock Exchange. This research has made use of stocks that composed the IBrX index during the period between May of 2002 until December 2007 as its database, examining the influence of beta, market value, pri
Publicado em: 2008
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7. Estimativa do prêmio pelo risco país com a aplicação do modelo AEG / Brazilian country risk premium estimation applying the AEG valuation model
The increasing economic integration and capital mobility among countries lead investors to be more exposed to external risks. That grants relevance to the discussion on how to consider, in the cost of equitys estimation, premiums for additional risks of businesses performed in emergent markets. The existence of an additional risk in these markets is relative
Publicado em: 2008
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8. The capm and fama-french models in brazil
This paper confronts the Capital Asset Pricing Model - CAPM - and the 3-Factor Fama-French - FF - model using both Brazilian and US stock market data for the same Sample period (1999-2007). The US data will serve only as a benchmark for comparative purposes. We use two competing econometric methods, the Generalized Method of Moments (GMM) by (Hansen, 1982) a
Publicado em: 17/12/2007
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9. Econometric analysis of the factor total productivity in Amazonia Legal, 1990-2004 / Análise econométrica da produtividade total dos fatores na Amazônia Legal, 1990-2004
The economic performance of Amazonia Legal and its states is evaluated based on total-factor productivity (TFP) measures obtained by the use of the exogenous growth model formulated by Solow (1956) and by the expanded human capital model proposed by Mankiw et al. (1992). The economic variables taken as proxy of the physical (synthetic quantitative index), hu
Publicado em: 2007
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10. Financing and investment decisions of firms by overconfident and optimistic managers / Decisões de financiamento e de investimento das empresas sob a ótica de gestores otimistas e excessivamente confiantes
This research empirically investigates the possible impacts of cognitively biased managers on firmsfinancing and investment decisions. Specifically, two cognitive biases that are widely recorded in the behavioral and psychological literature are considered: optimism and overconfidence. The testable hypotheses are derived from a growing body of theories that
Publicado em: 2005