6 articles in this issue
Ricardo Pereira Câmara Leal
Fifty-three individuals reviewed articles in 2013, of which nine work in non-Brazilian universities. According to RBFin policy, each reviewer may perform no more than one review per year, with the exception of follow-up reviews of the same article. During... see more
Alex Sandro Monteiro de Moraes,Antonio Carlos Figueiredo Pinto,Marcelo Cabus Klotzle
The models of the GARCH family, normally used for the estimates of volatility for longer periods, keep unchanged the relative weights assigned to the observations both old and new, regardless of the volatility´s forecasted horizon. The purpose of this ar... see more
Andre Luiz Carvalhal da Silva,Alisson Chen Yi Chien
The aim of this study is to identify the relationship between executive compensation, firm value and performance in Brazil. The literature provides mixed results but most studies show that firms with higher executive compensation tend to have greater valu... see more
Flávia Cruz de Souza Murcia,Fernando Dal-Ri Murcia,José Alonso Borba
This study analyzes the effect of credit rating announcements on stock returns in the Brazilian market during 1997-2011. We conducted an event study using a sample of 242 observations of listed companies, 179 from Standard and Poor’s and 63 from Moody’s, ... see more
Rafael Felipe Schiozer,Diego Lins de Albuquerque Pennachi Tejerina
This study investigates the impact of asset allocation on the net flow of fixed income funds in the Brazilian market, by exploiting the exogenous variation in the risk perception of bank liabilities (CDs) caused by the financial turmoil that followed Lehm... see more
Clovis Jose Daudt Lyra Darrigue de Faro
Aiming to reach a compromise solution to the issues of default risk and the payment capacity of takers of housing loans, Jorge Oscar de Mello Flôres submited to the Banco Nacional de Habitação, which was then in charge of the Brazilian System of Housing F... see more