Browsing FGV EPGE - Seminários de Pesquisa Econômica by Subject "Ações (Finanças)"

Now showing items 1-3 of 3

    • Predictable dividends and returns 

      Ribeiro, Ruy
      2002-11-28
      The conventional wisdom is that the aggregate stock price is predictable by the lagged pricedividend ratio, and that aggregate dividends follow approximately a random-walk. Contrary to this belief, this paper finds that ...

    • Robust statistical modeling of portfolios 

      Leal, Ricardo Pereira Câmara
      2002-03-14
      Atypical points in the data may result in meaningless e±cient frontiers. This follows since portfolios constructed using classical estimates may re°ect neither the usual nor the unusual days patterns. On the other hand, ...

    • Technical change and factor shares 

      Seater, John L.
      2001-06-21
      The implications of technical change that directly alters factor shares are examined. Such change can lower the income of some factors of production even when it raises total output, thus offering a possible explanation ...