In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...

In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...

Portuguese Abstract: Um dos temas mais discutidos na área de finanças é a forma como os mercados se estruturam informacionalmente, precificando ativos financeiros. Uma das teorias centrais de discussão é a Hipótese de Eficiência dos Mercados (HEM) de Eugene Fama (1970), derivada da teoria...

Portuguese Abstract: O crescimento vigoroso da indústria de Private Equity no mundo gerou questões fundamentais, como por exemplo explicar se as empresas abertas previamente investidas por estes gestores geram retornos reais aos seus acionistas, após o evento do IPO. Pouco se analisou,...

This text evaluates the effect of the BNDES Finame credit program on the survival of Brazilian firms, separated according to their size, between 2002 and 2016. To this end, we employ the survival analysis method. In this work, we use the microdata bases of RAIS and BNDES financing operations....

It is almost a consensus that the ongoing transformations in the Brazilian demographic structure press for urgent changes in the current social security rules as the objective of guaranteeing the actuarial balance of the national pension system. It is therefore important to predict the impact of...

It is almost a consensus that the ongoing transformations in the Brazilian demographic structure press for urgent changes in the current social security rules as the objective of guaranteeing the actuarial balance of the national pension system. It is therefore important to predict the impact of...

This text evaluates the effect of the BNDES Finame credit program on the survival of Brazilian firms, separated according to their size, between 2002 and 2016. To this end, we employ the survival analysis method. In this work, we use the microdata bases of RAIS and BNDES financing operations....

Diversos estudos têm mostrado os benefícios do comércio internacional para o Brasil de uma redução de tarifas. Com um modelo de equilíbrio geral computável (GTAP) são simuladas quatro alternativas: abertura ampla na OMC; negociação entre Mercosul e União Européia (Mercoeuro); ALCA; e a...