Market Liquidity
Mostrando 13-24 de 52 artigos, teses e dissertações.
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13. The Aiyagari model with liquidity shoch
A version of the Aiyagari (1994) model with a liquidity shock is developed in this work. The model has Huggett (1993) and Aiyagari (1994) as particular cases, but the general one allows for two assets in the economy, a liquid and an illiquid one. Using two di erent assets implies in two returns clearing the market, so the computational strategy used by Aiyag
Publicado em: 24/06/2010
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14. Análise DuPont como ferramenta de apoio às decisões de investimento em ações
The goal of this research is to examine whether DuPont Analysis indicators have explanatory power regarding the firms future profitability. In addition, we sought to investigate the utility of stock investing strategy, upon signals taken from the components of a DuPont Analysis. The tests were performed in Brazilian publicly traded companies with shares on B
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 18/06/2010
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15. Análise dos fatores determinantes da internacionalização e desempenho financeiro das empresas brasileiras de capital aberto: a contribuição da visão baseada em recursos (RBV)
Brazil has a significant number of enterprises in all business segments such as: car-industry, market share, consumer goods, electric-electronics, energy, construction, digital industry, mining, paper and cellulose, farming, chemistry, petrochemistry, fabric industry, transport and so on. As we know, all of these companies are inserted into the capital marke
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 14/06/2010
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16. Funding liquidity risk measurement based on a stochastic approach / Mensuração do risco de liquidez de fluxo de caixa através de uma abordagem estocástica
This paper investigates the applicability of the quantitative model, based on a stochastic approach, proposed by Battaglia, Good &Onorato (2007), for funding liquidity risk measurement for the Brazilian market. For this purpose, the Cash Flow at Risk and the Liquidity at Risk were estimated for a fictitious portfolio, created to reflect in a simplified way t
Publicado em: 2010
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17. A GESTÃO DA LIQUIDEZ E O SEU REFLEXO NA RENTABILIDADE DAS EMPRESAS PERTENCENTES À BOVESPA ENTRE OS ANOS DE 1999 E 2008 / MANAGEMENT OF LIQUIDITY AND ITS REFLECTION IN THE PROFITABILITY OF COMPANIES BELONGING TO BOVESPA BETWEEN THE YEARS 1999 AND 2008
One of the most problems faced by the financial manager is to maintain a balance between resources and applications of short and long term. Working Capital Management appears as a tool to improve the profitability of the company without representing a loss in their ability to pay. This study aims to evaluate if the financial performance achieved by companies
Publicado em: 2010
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18. Discricionariedade e mandato de bancos centrais em contexto de desregulamentação financeira: o caso do Federal Reserve na crise de 2007 a 2009
In mid-2007, the world faced one of the biggest crisis capitalism ever experienced, called the subprime crisis, which originated in the US housing market. The Federal Reserve (Fed) had to act promptly, trying to rescue the markets. However, the Federal Reserve, which had always been pragmatic, found itself in great distress when the traditional tools of mone
Publicado em: 2010
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19. Marketmakers : eles são úteis no Brasil? / Marketmakers: are they useful in Brazil?
Este trabalho procura descrever e analisar a importância dos formadores de mercado e os objetivos das empresas que contratam os marketmakers na Bolsa de Valores de São Paulo (BOVESPA). Ele apresentará algumas características da legislação brasileira e informações a respeito deste mercado no Brasil para, através de ferramental estatístico, analisar
Publicado em: 2010
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20. After market short covering in ipos and long-term stock liquidity
This study investigates the effect of the aftermarket short covering (ASC) carried out by the underwriter during the price stabilization period on stock long-term liquidity. Because the ASC increases liquidity during the stabilization period and liquidity is a persistent characteristic of stocks, the ASC can increase long-term liquidity. In fact, we show tha
Publicado em: 28/07/2009
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21. Can future systemic financial risks be quantified?: ergodic vs nonergodic stochastic processes
Different axioms underlie efficient market theory and Keynes's liquidity preference theory. Efficient market theory assumes the ergodic axiom. Consequently, today's decision makers can calculate with actuarial precision the future value of all possible outcomes resulting from today's decisions. Since in an efficient market world decision makers "know" their
Brazilian Journal of Political Economy. Publicado em: 2009-12
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22. Information disclosure and stock liquidity: evidence from the Brazilian Iron and Steel sector / Divulgação de informações e liquidez de ações: evidências do setor de siderurgia e metalurgia do Brasil
In the context of the Theory of Disclosure, which studies phenomena related to information dissemination, this research aimed to study the relation between stock liquidity and the level of disclosure of Brazilian publicly-traded companies from the Iron and Steel sector between 1998 and 2007. To measure the stock liquidity concept, different measurement tools
Publicado em: 2009
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23. Estudo de correlação entre valores de q de Tobin obtidos pelo método de Chung e Pruitt e por fluxo de caixa descontado / Study of correlation between the values of Tobins q obtained by the method of Chung and Pruitt and discounted cash flow
The theory shows the Tobins q as a tool of high utility and high explanatory power in investment decisions, since the absolute value of q, itself, must express a strong meaning for the user. The usual technique of calculation of Tobins q, as described by Chung and Pruitt (1994) provides an assessment of the company using the market price in the denominator o
Publicado em: 2009
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24. Implementação das boas práticas de governança corporativa : impactos sobre a controladoria das empresas atuantes no novo mercado da BOVESPA
Literature says that the growth of the capital market depends on the adoption of good Corporate Governance practices, bringing economic development to countries. The implementation of these best practices leads to growth of liquidity, value and volume of trading of companies shares in the market. It seems that the adoption of good Corporate Governance practi
Publicado em: 2009