Browsing FGV EPGE - Seminários de Pesquisa Econômica by Author "Almeida, Heitor"

Financial constraints and house prices: an international perspective

Almeida, Heitor
2000-06-15

In this paper, we show substantial empirical evidence that house prices are more sensitive to shocks to percapita income, in countries where housing finance is more developed. This result is consistent with the theoretical ...

Financial constraints,asset liquidity and investment volatility

Almeida, Heitor
1998-12-17

Powerful CEOs and their impact on corporate performance

Almeida, Heitor
2002-06-13

We argue in this paper that executives can only impact firm outcomes if they have influence over crucial decisions. Based on this idea we develop and test a hypothesis about how CEOs’ power to influence decisions will ...

Valuation and performance of firms in complex ownership structures : an application to Korean chaebols

Almeida, Heitor
2007-05-30

We propose several new metrics to describe the complex ownership structure of business groups, and provide simple formulas and algorithms to compute these metrics. We use these measures to describe in detail the ownership ...