The article proposes an alternative methodology for the comparison of Gross Domestic Products (GPDs). It is an alternative to the purchasing power parity theory that utilizes the nominal exchange rate to compare GPDs. The value of the money in the conception of Hilferding is obtained dividing...

This paper develops a profile of a sample of 648 entities registered with the federal government, as well as identifies financial and non-financial indicators that can better explain how usage frequency can be explained by measures that can predict value and that can be easily obtained. These...

This study tests the market timing theory (EMTT) in the Brazilian Stock Market. The study is an adaptation from the Baker and Wurgler's article (2002) that successfully tested the theory in the American Stock Market. The theory has not been proven in the Brazilian Market. The leverage decreases...

The shareholder value creation is becoming an answer to the pressure of the investors and councils. Many approaches are available. Among them, the Economic Value Added (EVA), developed by Stern Stewart amp; Co. To correct the improprieties perceived in financial statements, some users of EVA...

The purpose of this Paper is to study: 1) Employee incentive programs, more specifically Gainsharing schemes in the Brazilian chemical industry; 2) Factors with positive effects upgrading the operating performance of the organizations that adopt them. The operating performance includes the...

This study investigates the effect of family firm on corporate performance and financial policy (capital structure, cash holding, and cash dividends). Using a sample of Brazilian firms, the study uses a treatment effect model to address self-selection and endogeneity problems. The results show...

This paper proposes the creation of regional currencies, which we call social currencies; (pesetas, dracmas, liras, and deutsche marks); with the finality of financing minimum income programs and micro-finance programs in Europe. The backing for this currency will be Euros collected, based on...

The purpose of this article was to create a proposal to reconcile two public policy objectives: to provide housing for low-income families (through the expansion of the Minha Casa, Minha Vida (My Home, My Life) Program) with reduction of costs, and to expand the supply of renewable (solar)...

Recent researches have been evidenced that the specific factors of the countries, as environment legal, institutional and economical exercises influence in the capital structure of the companies of several developed. The present study investigates the determinants of capital structure using...

The modern theory of the capital structure has been the subject of a great amount of studies, since the publication of the famous article by Modigliani and Miller (1958) where they defended that, under certain circumstances, the leverage (relationship between equity capital and third party...