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Oferta Pública Inicial (IPO) de ações no Brasil: uma análise dos retornos da IPO de ações com baixo Índice Preço/Lucro (P/L)

Saturnino, Odilon; Saturnino, Valéria; Lucena, Pierre; … - Volkswirtschaftliche Fakultät, … - 2012

the lower the offer price stock, the greater is your risk premium in the third and fourth years. …

Persistent link: https://www.econbiz.de/10011259115

Contrary Investment Value in Brazil: Overreaction or Size Effect?

Saturnino, Odilon; Saturnino, Valeria; Lucena, Pierre; … - Volkswirtschaftliche Fakultät, … - 2011

Given the assumption of opposite movements in stock prices due to the behavior of investors, who can use this strategy to take advantage of times of downturn in the economy, this study consisted of an analysis of overreaction in Brazil, which consists in buying loser stocks with the expectation...

Persistent link: https://www.econbiz.de/10011107948

Critérios de formação de carteiras de ativos através de hierarchical clusters

Lucena, Pierre; Figueiredo, Antonio Carlos; … - Volkswirtschaftliche Fakultät, … - 2008

This paper has as main objective to present and to test a tool of multivariate statistics in financial models. This …

Persistent link: https://www.econbiz.de/10011111081

The PVPA and ROE indicators used as a guide for investment strategies: an analysis of stock market Brazil from 1995 to 2009

Melo, Jean Marcio; Távora, Lamartine; Xavier, Leonardo; … - Volkswirtschaftliche Fakultät, … - 2010

12 months, notably from the year 2000. In turn, the superior results obtained in the investment models based on …

Persistent link: https://www.econbiz.de/10011111647

Anomalias no Mercado no Mercado de Ações Brasileiro: uma Modificação do Modelo de Fama de Fama e French

Lucena, Pierre; Figueiredo, Antonio Carlos - Volkswirtschaftliche Fakultät, … - 2008

The aim of this paper is to present and to test a modification in the traditional Fama and French Multifactor Model …

Persistent link: https://www.econbiz.de/10011112251

Prevendo retornos de ações atrasvés de movimentos passados: uma modificação no Modelo de Grinblatt e Moskowitz

Lucena, Pierre; Figueiredo, Antonio Carlos - Volkswirtschaftliche Fakultät, … - 2008

to Brazilian Capital Markets. Some interesting results were found: the presence of downside risk and the presence of …

Persistent link: https://www.econbiz.de/10011113159

Estratégia Contrária e Efeito Liquidez no Brasil: Uma Análise Econométrica

Saturnino, Odilon; Saturnino, Valéria; Oliveira, Gois de; … - Volkswirtschaftliche Fakultät, … - 2012

Considering the hypothesis of opposite strategy or overreaction in stock prices, this research deals with this type of the market’s anomaly through an econometric analysis, which aims to get more explanatory model of the overreaction in the Brazilian capital market. The procedure was to...

Persistent link: https://www.econbiz.de/10011257881

EFFECTIVENESS OF THE USE OF INVESTMENT STRATEGY IN SHARES WITH LOW MULTIPLE PRICE/BOOK VALUE IN BRAZIL

Lucena, Pierre; Saturnino, Odilon; Araújo, Joseanny; … - Volkswirtschaftliche Fakultät, … - 2010

This paper aims to test the hypothesis of abnormal returns from the strategy of investing in shares with lower Price … change in the parameters of the regression, using the Chow Test of structural change. The results showed that there isn …’t efficacy in the use of low PVPA as a measure of investment portfolio formation, rejecting the hypothesis tested both through …

Persistent link: https://www.econbiz.de/10011257915

Pressupostos de Eficiência de Mercado: um estudo empírico na Bovespa

Lucena, Pierre; Fugueiredo, Antonio Carlos - Volkswirtschaftliche Fakultät, … - 2004

This paper is about one of the most argued subjects in the financial theory: the forecast of future returns. We work with the model of multifactor of Fama and French, and the regression presented for Grinblatt and Moskowitz (2002), that work with the size of the company and the book-to-value. We...

Persistent link: https://www.econbiz.de/10011258072