Browsing FGV EESP - Textos para Discussão / Working Paper Series by Author "De-Losso, Rodrigo"

Now showing items 1-3 of 3

    • Attention and biases: evidence from tax-inattentive investors 

      Birru, Justin; Chague, Fernando; De-Losso, Rodrigo; Giovannetti, Bruno Cara
      2020-02
      Using bunching induced by a policy notch for identfication, wefirst provide evidence of investor inattention to a very simple and well-known capital-gains tax exemption in the Brazilian stock market. We then show that ...

    • Day trading for a living? 

      Chague, Fernando; De-Losso, Rodrigo; Giovannetti, Bruno Cara
      2020-02
      We show that it is virtually impossible for individuals to compete with HFTs and day trade for a living, contrary to what course providers claim. We observe all individuals who began to day trade between 2013 and 2015 in ...

    • The effects of price transparency in OTC equity lending markets: Evidence from a loan fee benchmark 

      Cereda, Fábio Saia; Chague, Fernando; De-Losso, Rodrigo; Genaro, Alan; Giovannetti, Bruno Cara
      2020-02
      We study the effects of a positive shock in price transparency in the Brazilian OTC equity lending market. Before March 1st 2011, a publicly available benchmark was computed as the average loan fee across all loan deals ...