6 articles in this issue
Ricardo Pereira Câmara Leal
RBFin is the main Brazilian publication outlet of academic papers about finance. The contents of the Review are open and online; a printed version was maintained, in part, thanks to a grant from CNPq/CAPES. Using the Open Journals System to manage the edi... see more
Wayne Ferson,John Matsusaka
As research academics we spend a substantial amount of time reviewing papers for scholarly journals. While not as important as publishing our own research, the quality of our work as referees is important, both for our profession and for our success as s... see more
José Alves Dantas,Fernando Caio Galdi,Lúcio Rodrigues Capelletto,Otávio Ribeiro Medeiros
The paper has the purpose of identifying whether Brazilian banks use discretionary accounting choices when recognizing and measuring derivatives for practicing earnings management and which are the determinants of this practice. Using a two-stage model to... see more
João Frois Caldeira,Gulherme Valle Moura
Statistical arbitrage strategies, such as pairs trading and its generalizations, rely on the construction of mean- reverting spreads with a certain degree of predictability. This paper applies cointegration tests to identify stocks to be used in pairs tra... see more
Alexandre Rubesam,André Lomonaco Beltrame
We investigate minimum variance portfolios in the Brazilian equity market using different methods to estimate the covariance matrix, from the simple model of using the sample covariance to multivariate GARCH models. We compare the performance of the minim... see more
Rodrigo Fernandes Malaquias,William Eid Junior
According to the theory of the Efficiency Market Hypothesis (EMH), prices in the market should reflect all the information to the point where the costs of acting based on this information does not exceed its benefits (Jensen, 1978; Fama, 1991). In this co... see more