The objective of this article is to analyze the spin-off in the Brazilian military industry. Two important points can be observed in the existing literature: first, the verification that the spin-off has not occurred in the Brazilian case, and second, the limited number of case studies on this...

This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting companies, from the 2008 crisis, when several companies suffered substantial losses due to the decline of the real. We analyze their financial based on the usage of derivatives, as...