5 articles in this issue
Rafael Liza Santos,Alexandre Di Miceli da Silveira
This paper investigates the simultaneous participation of directors in different companies from 320 Brazilian listed firms in 2003 and 2005. We identify which firms are connected through a network of directors, which corporate characteristics contribute t... see more
Fernanda Finotti Cordeiro Perobelli,Flávia Vital Januzzi,Leandro Josias Sathler Berbet,Danilo Soares de Medeiros
Risk management is a subject that, crisis after crisis, assumes a relevant role in the environment of non-?nancial companies. Despite the growing importance of the subject, debate about the introduction of a model capable of evaluating the risks to which ... see more
José Luiz Rossi Júnior
This paper studies the use of foreign currency derivatives for a sample of non-financial Brazilian companies from 1996 to 2004. The paper verifies that some of the hypotheses presented by the optimal hedging literature are able to explain the Brazilian co... see more
Carlos L. Bastian-Pinto,Luiz E. T. Brandão
Commodity prices are generally better modeled by a long-term Mean Reverting Process, than by a Geometric Brownian Motion stochastic diffusion process, which is more generally used to value real options, since it is simpler to use. In this article we model... see more
Newton Carneiro Affonso da Costa Jr.,Roberto Meurer,César Medeiros Cupertino
This paper examines the relationship between accounting and stock market returns of Brazilian companies on a quarterly basis. The sample consisted of 97 companies with stocks traded in the Sao Paulo Stock Exchange from January of 1995 to March of 2007. A ... see more