Encontrados 13 documentos, a visualizar página 1 de 2
Determinantes do preço das emissões de carbono durante períodos de crise
Vieira, Elisabete S.; Miranda, Cristina M.; Palavra, PedroA transição energética com vista à descarbonização e a mudança para comportamentos mais sustentáveis é influenciada pelo valor financeiro atribuído às emissões de gases com efeito de estufa. As licenças de emissão de carbono são transacionadas em mercados financeiros, sendo que o seu preço depende da procura e da oferta. A compreensão do valor atribuído a este instrumento financeiro permite que os interveniente...
Performance of US and European Exchange Traded Funds: A Base Point-Slack-Based ...
Henriques, Carla; Neves, Maria E.; Conceição, Jeremias A.; Vieira, Elisabete S.This study evaluates the performance of United States (US) and European Exchange Traded Funds (ETFs) using the non-oriented version of the base point-slack-based measure (BP-SBM) Data Envelopment Analysis (DEA) model, which allows for handling negative data that can arise in some of the metrics traditionally used in this type of analysis. Our findings show that US efficient ETFs are considered benchmarks more o...
The Interaction Among Capital Structure, Dividend Policy and Ownership Structur...
Vieira, Elisabete S.; Rocha, Anabela; Miranda, CristinaThe objective of this study is to explore the interrelationship among ownership structure, capital structure and dividend policy, because prior empirical studies analysed the capital structure or the dividend policy in isolation, but these two corporate finance decisions can be interrelated, affecting each other. Finding this gap, this paper analyses the interrelationship among ownership structure, capital stru...
A influência do sentimento no mercado de capitais: evidência no Mundial 2018
Vieira, Elisabete S.; Tavares, RuiObjetivo: Este estudo visa analisar a relação entre os resultados dos jogos das várias seleções presentes no mundial de futebol de 2018, e a consequente reação do mercado bolsista, avaliando até que ponto o sentimento do investidor influencia a reação dos preços e dos volumes de transação dos índices de mercado, ou, se pelo contrário, se encontra evidência de uma reação racional por parte dos investidores no se...
The interaction among capital structure, dividend policy and ownership structur...
Vieira, Elisabete S.; Rocha, Anabela; Miranda, M. CristinaThe objective of this study is to explore the interrelationship among ownership structure, capital structure and dividend policy, because prior empirical studies analysed the capital structure or the dividend policy in isolation, but these two corporate finance decisions can be interrelated, affecting each other. Finding this gap, this paper analyses the interrelationship among ownership structure, capital stru...
Anomalia entre risco e rendibilidade: evidência no mercado português
Vieira, Elisabete S.; Figueiredo, NunoThis study intends to analyse the phenomenon of the anomaly between profitability and risk in the Portuguese capital market. In this context, we collect the information of all the shares that constitute the PSI-Geral index, for the period from January 2002 to December 2013. We constructed portfolios according to the historical volatility and systematic risk for the period under review, as well as for two sub pe...
Fatores determinantes do desempenho das empresas portuguesas cotadas
Vieira, Elisabete S.; Costa Henriques, Ana F.; Neves, Maria ElisabeteThe objective of this study is to analyze the determinants of the performance of Portuguese firms, which is very important for the efficient management of any organization. In this context, we consider a sample of non-financial firms listed on Euronext Lisbon between 2010 and 2015, and the panel data methodology is used. It is investigated whether some factors influence the firms’ performance, measuring this th...
The crisis effect on the capital structure of portuguese SME
Couto, Tiago Q.; Vieira, Elisabete S.This paper aims to identify the main determinants of leverage on Portuguese Small and Medium Enterprises (SME), as well as their behaviour to financial prosperity and recession. Applying the panel data methodology, we analyse a sample of 1,444 SME for the period between 2004 and 2012. The results show a positive relationship between tangibility of assets, the firms’ size, the growth rate of the asset and the bu...
Short-term financial equilibrium and portuguese enterprises profitability
Silva, Luís R.; Vieira, Elisabete S.This study intends to analyze the relation between the short-term financial balance and the profitability, considering a sample of 49 listed firms in the Euronext Lisbon, for the period between 2006 and 2013, considering a panel data approach. The profitability (dependent variable) was measured through the variable return on assets. We consider as independent variables the average duration of inventories, the a...
The relationship between capital structure and dividend policy: Evidence from E...
Cunha, Luís; Rocha, Anabela; Vieira, Elisabete S.The capital structure and the dividend policy are widely studied in the corporate finance field, but the results are not consensual. A vast number of studies assume the exogenous relationship between the capital structure and the respective explanatory variables, been the same for the dividend policy. Recently, academics have questioned the hypothesis that the relationship between capital structure and dividend...