Este estudo, eminentemente teórico, tem o objetivo de realizar uma discussão conceitual acerca da Teoria da Mensuração e de sua relação com a Contabilidade. Em segundo plano, analisa o foco das principais pesquisas realizadas no Brasil, no que diz respeito à mensuração contábil e aos...

The study aims at simulating and forecasting a company's stock returns and prices by a fundamentalist analysis process based on a Vector Error Correction with Exogenous Variables (VECX) econometric model. To achieve this, we selected relevant fundamentalist indicators and specified a model...

This empiric-analytic paper, aims at verifying whether the firms' capital structure is sensitive to leverage measures. It also verifies whether most of the leverage variability is due to financial debts. The sample consists of all non-financial companies with data available, positive equity and...

Based on a method developed by Laybourne, Kim and Taylor (2007) for detecting multiple changes in persistence, we test for changes in persistence in the dividend-price ratio of the Nasdaq stocks. The results confirm the existence of the so-called Dotcom bubble around the last turn of the century...

This paper investigates co-movement in eight Latin-American stock markets (Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Venezuela) using common factor analysis. The common factors are obtained using principal component analysis (PCA) and therefore account for the maximum...

The purpose of this article is to analyze whether the liquidity effect exists in the Brazilian stock market. In addition to analyzing the liquidity effect, this article evaluated the capacity of CAPM and the Fama-French three-factor model (1993) in explaining it. For such purpose, the companies...

The development of the Brazilian stock market has raised concerns about the practice of insider information, with several cases being documented in recent years. We hypothesize that insider trading is a form of corruption. As such, the higher the corruption level in a country, the more intense...

Previous studies have shown that linear models are incapable of capturing business cycle dynamics with accuracy. This has brought interest in non-linear models such as the Markov switching (MS) regime technique, which can distinguish business cycle recession and expansion phases, and is...

A existência do componente de bolha na formação dos preços pode ser indicada pelo seu desvio em relação ao seu valor fundamental. O presente estudo buscou encontrar evidências sobre ocorrência de bolhas de preços no mercado acionário brasileiro no período de 1994 a 2007. Foram feitos...

Modelos de previsão de séries temporais ainda são pouco utilizados pela pesquisa contábil. Taismodelos podem ser instrumentos valiosos, seja em contextos de orçamento de capital assimcomo para se efetuar previsões de fluxos de caixa futuros para fins de determinação do valor daempresa....