1. THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE

ABSTRACT Purpose: This study proposes to map the barriers to scaling the microfinance industry in the U.S., as it pertains to home maintenance and improvement for low-income households. The selected context of analysis is the American city of Baltimore, due to the city’s high need for housing repair and large percentage of residents with limited access to

RAM, Rev. Adm. Mackenzie. Publicado em: 05/04/2018

2. Does Operational Risk Disclosure Quality Increase Operating Cash Flows?

Abstract This study aims to measure the degree of operational risk disclosure and examine its impact on operating cash flow of banks listed on the UAE Abu Dhabi Stock Exchange (ADX) and Dubai Financial Market (DFM) during the period 2003-2016. The authors conducted content analysis of the annual reports to measure the degree of operational risk disclosure. I

BAR, Braz. Adm. Rev.. Publicado em: 01/02/2018

3. INFORMATION TOKEN DRIVEN MACHINE LEARNING FOR ELECTRONIC MARKETS: PERFORMANCE EFFECTS IN BEHAVIORAL FINANCIAL BIG DATA ANALYTICS

ABSTRACT Conjunct with the universal acceleration in information growth, financial services have been immersed in an evolution of information dynamics. It is not just the dramatic increase in volumes of data, but the speed, the complexity and the unpredictability of ‘big-data’ phenomena that have compounded the challenges faced by researchers and practit

JISTEM J.Inf.Syst. Technol. Manag.. Publicado em: 2017-12

4. Anomalies and Investor Sentiment: Empirical Evidences in the Brazilian Market

Abstract This study examined the relationship between investor sentiment and value anomalies in Brazil. In addition, it analyzed if pricing deviations caused by investors with optimistic views are different from those caused by pessimistic investors. The sample included all non-financial firms listed on the B3 (Brasil, Bolsa, Balcão) stock exchange from Jul

BAR, Braz. Adm. Rev.. Publicado em: 28/09/2017

5. Mecanismos de gobierno corporativo y capital intelectual

Abstract Purpose: The purpose of this paper is to identify the corporate governance characteristics of Spanish companies included in the Ibex35 stock price index that influence the voluntary information disclosure policy regarding their Intellectual Capital. Design/methodology/approach: The methodology used was content analysis of 115 annual reports from

Rev. bras. gest. neg.. Publicado em: 2017-09

6. Are Country and Size Risks Priced in the Brazilian Stock Market?

Abstract When estimating a firm's cost of equity for valuation and other purposes in emerging markets without (or with only partial) capital market integration, many practitioners include a premium for country risk. In principle, the inclusion of such a risk factor would be justified if the particular country of interest was not sufficiently integrated into

BAR, Braz. Adm. Rev.. Publicado em: 20/04/2017

7. Portfolio optimization using Mean Absolute Deviation (MAD) and Conditional Value-at-Risk (CVaR)

Abstract This paper investigates the efficiency of traditional portfolio optimization models when the returns of financial assets are highly volatile, e.g., in financial crises periods. We also develop alternative optimization models that combine the mean absolute deviation (MAD) and the conditional value at risk (CVaR), attempting to mitigate inefficient, l

Prod.. Publicado em: 02/03/2017

8. Private Equity and Venture Capital Funds: What Drives the Demand and Supply?

Abstract This study investigates determinants for the demand and supply for PE/VC funds. Six factors were identified through Factor Analysis: Economic Activity, Development of Stock Markets, Corporate Governance, Social and Environmental Development, Entrepreneurship and Taxation. These factors were defined through 25 variables and transformed into five fact

BAR, Braz. Adm. Rev.. Publicado em: 25/07/2016

9. Credit Rating Change and Capital Structure in Latin America

Abstract This study analyzes the impact of imminent reclassification of credit rating on the decision-making regarding capital structure of non-financial corporations listed in Latin America. Despite the importance attributed by the market agents and the existence of empirical evidence of the effect caused by rating in the capital structure of companies in d

BAR, Braz. Adm. Rev.. Publicado em: 25/07/2016

10. Corporate sustainability and asset pricing models: empirical evidence for the Brazilian stock market

Abstract The paper investigates the impact of corporate sustainability on asset prices. For that purpose, we develop a novel corporate sustainability factor and test the extent to which this factor is priced in an augmented four-factor version of the traditional Fama & French (1993) asset pricing model. The corporate sustainability factor is based on a zero-

Prod.. Publicado em: 20/06/2016

11. Corwin-Schultz Bid-ask Spread Estimator in the Brazilian Stock Market

This paper tests the validity of the Corwin-Schultz bid-ask spread estimator in the Brazilian stock market. The Corwin-Schultz estimator arises as an easy way to compute asymmetric information throughout daily high and low stock prices for estimating overnight and non-negative adjusted spreads. The sample consisted of Ibovespa firms from 1986 to 2014 and was

BAR, Braz. Adm. Rev.. Publicado em: 2016-03

12. Brazilian Multinationals' Ownership Mode: The Influence of Institutional Factors and Firm Characteristics

This work investigates whether host countries institutional factors and firm characteristics can help the understanding of Brazilian multinationals' choices of ownership mode for their foreign direct investments (FDI). Brazil is a privileged locus for research on emerging market multinationals (EMNEs), given its growing stock of outward FDI. The paper contri

BAR, Braz. Adm. Rev.. Publicado em: 2015-06