Loading...
Please wait, while we are loading the content...
Similar Documents
Reação do mercado às eleições presidenciais e ao processo de impeachment no Brasil : um estudo de eventos em instituições financeiras de capital aberto
| Content Provider | Semantic Scholar |
|---|---|
| Author | Santos, Pedro Henrique Dos |
| Copyright Year | 2017 |
| Abstract | This work is inserted in a context of informational analysis of the stock market, specifically in the financial scenario, supported by statistical analysis and regression tests and investigated, through the econometric model of study of events, if the presidential elections held in 2006, 2010 And 2014 and the process of impeachment occurred in 2016 had an effect on the behavior of stock prices of publicly traded financial institutions in Brazil. Starting from the premise of the hypothesis of semi-strong market efficiency, in which the market quickly incorporates all relevant information, some hypotheses were tested in the conduction of the work, especially on the ability to detect abnormality of different abnormal return calculation models, through the behavior simulation of shares with similar parameters to those traded on the Bolsa de Valores de São Paulo (BM&F Bovespa) in the scenarios presented above. From what was observed in the tests performed, the minimum levels of abnormality captured by these models were identified and the stock price behavior analysis was performed, through regression and return analysis. The results corroborate the hypothesis that the Brazilian capital market still does not present the semi-strong form of informational efficiency, and that the presidential elections and the impeachment process directly affect the stock prices, with a slow and gradual return of the price behavior. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://repositorio.unb.br/bitstream/10482/25326/3/2017_PedroHenriquedosSantos.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
