We have carried out an event study to investigate stock returns associated with the announcement of equity issues by Brazilian firms between 1992 and 2003 in order to determine market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH...

This paper verified the impact of the investment horizon in the allocation of an optimized portfolio. To do so, we generated efficient frontiers from a group of diversified global asset classes considering time series of returns of the past 10 years. It was possible to prove that the investment...

This study aimed to verify if the presentation format influences the individual financial decisions. It was also checked whether men and women differ as to the presentation format responses and if financial literacy diminishes this effect. The methodology was an experiment to measure the...

The objective of the study is to analyze the dimensions and particularities of the organizational climate in public and private organizations. We applied a survey over employees of two private and two public entities. Our results indicate that the organizational climate in its various dimensions...

This paper evaluates the accuracy of financial analysts' forecasts. These predictions are very important since they are used by investors and administrators during the decision making process. We address the quality of the forecasts by comparing them to the actual numbers, using the root mean...

Central banks, given their relevance in the international financial market, should be aware of their risk exposure. This study analyzes the evolution of market risk exposure of the central banks of developed and emerging countries in the 2003-2011 period, which includes the 2008 crisis. The...

This research verifies the existence of the aversion to uncertainty bias in individual financial decisions. It also evaluates the effects of gender and knowledge in this bias. We considered a sample of 80 undergraduate management students from Universidade Católica de Brasília. The results...