Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 20 segundos...
ARTÍCULO
TITULO

Value & Growth Investing and PEAD in Brazil

Fernando Caio Galdi    
Vinícius Souto-Maior Lima    

Resumen

This paper investigates whether stock picking considering post-earnings announcement drift (PEAD) together with financial statement analysis improve portfolio returns in the Brazilian market. The strategy implemented explores the PEAD anomaly (using SUE portfolios) and both F_Score (Piotroski, 2000) and G_Score (Mohanran, 2005) to build the investment portfolios. To proxy for earnings surprises we use the standardized unexpected earnings (SUE) criteria. Our analysis considers quarterly data from Brazilian listed firms from 2001 to 2011. Our results show that earnings surprise together with fundamental analysis can build portfolios with stronger returns potential considering long-only and long-short positions.

PÁGINAS
pp. 551 - 577
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Petr Wawrosz and Semen Traksel    
The article deals with the issue of how negative interest rate policies, introduced in the second decade of the 21st century in some countries, affect certain macroeconomic indicators and bank performance. We concentrate specifically on Switzerland and S... ver más

 
Francisca Sestri Goestjahjanti, Betharia Efriani, Winanti Winanti, Rahmawati Rahmawati, Istajib Kulla     Pág. 1 - 12
The Indonesian consumer goods industry has been stagnant for four years 2014 ? 2018 with the export average of only 5.5 trillion or equivalents to zero % growth. Since the government has been working hard for economic recovery during Covid 19 pandemic, t... ver más

 
James T. E. Chapman and Ajit Desai    
This paper assesses the usefulness of comprehensive payments data for macroeconomic predictions in Canada. Specifically, we evaluate which type of payments data are useful, when they are useful, why they are useful, and whether machine learning (ML) mode... ver más
Revista: Forecasting

 
Sne?ana Lj. Lazarevic,Jelena M. Lukic Nikolic     Pág. 015 - 028
Rising trend of international mobility of healthcare workers, ageing population, new diseases and infections bring many challenges to the national healthcare system. Consequently, it is necessary to pay special attention to the development of the healthc... ver más

 
David Dyason    
AbstractOrientation: Large-scale events such as disasters, wars and pandemics disrupt the economy by diverging resource allocation, which could alter employment growth within the economy during recovery.Research purpose: The literature on the disaster?ec... ver más