Browsing by Author "Saito, Richard"
Now showing items 1-20 of 26
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Apresentação
2008Em 1958 a American Economic Review publicou um artigo de dois economistas da então Escola Superior de Administração Industrial do Instituto Carnegie de Tecnologia em Pittsburgh (atualmente Universidade Carnegie Mellon) que ... -
Avaliação de métodos numéricos para precificação de derivativos: aplicação ao mercado brasileiro
1999The goal of this work is twofold: (i) to review numerical methods to price derivatives; (ii) to compare numerical methods assuming that market prices are reflected in the Black and Scholes formula. We apply these models ... -
Boards of directors of publicly-held companies in Brazil: profile and implications for minority shareholders
2006-03We analyse the profile of the boards of directors of 142 Brazilian publicly-held companies in 1999. Directors were divided into four distinct categories, following Bhagat and Black (2000 Working Paper no. 143, Columbia Law ... -
Conselhos de administração: análise de sua composição em um conjunto de companhias abertas brasileiras
2002-08-01This paper analyzes the profile of board of directors of 142 Brazilian listed companies on the São Paulo exchange as of fiscal year ending December 1999. The board members were classified into 4 categories according to its ... -
The determinants of currency risk management in Latin American nonfinancial firms
2009-02This paper investigates the determinants of currency risk management in nonfinancial firms in Argentina, Brazil, Chile, and Mexico, based on a panel data sample of firms that list as American depositary receipts from 2001 ... -
Determinants of differential pricing of equity classes in the Brazilian equity market
2001-08-16We examine the differential pricing of equity classes between voting and non-voting shares in Brazilian listed companies with particular emphasis on privatized companies, and we discuss the role of majority control, ... -
Determinants of the differential pricing between voting and non-voting shares in Brazil
2003-05-01Several papers suggest that private benefits can explain the differential pricing between share classes with differential voting rights. However, in Brazil the price differential between voting and non-voting shares has ... -
Differential pricing of equity classes, majority control, and corporate governance: evidence from brazilian privatized companies
2005-11-24We examine price differences between different equity classes in listed companies in Brazil with particular emphasis on privatized companies, and discusses the role of majority control, liquidity, and governance issues ... -
Espaço livre: Richard Saito
2009Professor Richard Saito fala de sua carreira na área de finanças corporativas -
Estrutura de capital e remuneração dos funcionários: evidência empírica no Brasil
2015-04-01This paper analyzes whether the higher the company's financial leverage, the higher the salaries demanded by staff for the embedded financial distress risk. By applying Berk, Stanton and Zechner's (2010) model, we use a2SLS ... -
Financial health and customer satisfaction in private health care providers in Brazil
2011-11-01This paper analyzes the relationship between the financial health and organizational form of private health care providers in Brazil. It also examines the major determinants of customer satisfaction associated with the ... -
Finanças corporativas: gestão de risco e abertura de capital
2005Este artigo examina quatro processos de bookbuilding no mercado brasileiro de ações executados por um banco de investimento, no período de 2003 a 2004. Em um processo de bookbuilding, o banco intermediário possui o poder ... -
Foreign activity effects and capital structure: Brazilian evidence
2010This paper analyzes whether Brazilian companies with foreign activities (MNC) have different capital structure from those with mainly local activities (DC). If so, is the upstream-downstream hypothesis prediction valid ... -
Governança corporativa: custos de agência e estrutura de propriedade
2008Este ensaio é estruturado da seguinte forma: a seção 2 apresenta os pontos centrais da teoria de Jensen e Meckling (1976); a seção 3 descreve a verifi cação empírica empreendida por Morck, Shleifer e Vishny (1988); e a ... -
How banks respond to Central Bank supervision: evidence from Brazil
2015-08Central Bank supervision is one of the pillars of capital regulation. Based on a unique database built using supervision data from the Central Bank of Brazil, we evaluate the effectiveness of the Central Bank's supervision ... -
Informação contida no diferencial de preços de classes de ações: antes e após 10.303/01
2004Several papers suggest that private benefits can explain the price differential between classes of stocks with different voting rights. However, in Brazil the price differential between voting and non-voting stocks has ... -
A onda de abertura de capital de bancos no Brasil
2009This study investigates the wave of bank IPOs in Brazil from 2005 to 2007. We show that IPO-banks are ex-ante different from banks that continued to be privately held. Even before going public, IPO-banks were more profitable, ... -
Opções reais: exemplo de aplicação para avaliação de reservas petrolíferas
2000This paper analyzes the managerial flexibility embedded in oil reserves (such as techniques of gas and water injection). We have concluded that these techniques can increase the oir reserves value by up to 25% according ... -
Orçamento de capital
2007De acordo com Pindyck (1988), a maior parte ou mesmo a totalidade dos gastos com investimentos em projetos reais é irreversível. Por isso é vital para a sobrevivência a longo prazo das empresas que elas utilizem seus ... -
Quality differentiation of durable goods in secondary markets
2003-06-01This paper presents a framework to study how changes in exogenous parameters, such as quality levels of new and used durables, affect the composition of durable good stocks. Our model extends the previous literature by ...
