Concentração de poder e acurácia das previsões dos analistas de mercado de capitais

Página do item simplificado
dc.contributor.advisorBarros, Lucas Ayres Barreira de Campospt_BR
dc.contributor.advisor1Latteshttp://lattes.cnpq.br/0198661144573382por
dc.contributor.authorPessanha, José Reinaldopt_BR
dc.creator.Latteshttp://lattes.cnpq.br/0039500370799730por
dc.date.accessioned2016-03-15T19:25:55Z
dc.date.accessioned2020-05-28T18:03:54Z
dc.date.available2013-10-09pt_BR
dc.date.available2020-05-28T18:03:54Z
dc.date.issued2012-02-10pt_BR
dc.description.abstractAnalysts are essential to the functioning of capital markets as they make predictions and recommendations that support the investment decisions of both institutions and individual investors. Analysts study the fundamentals of public companies, their growth prospects, financial structure and cash flow, corporate governance, industry structure and the macroeconomic environment in which companies are inserted. In this context, business leaders play a major role, as they influence the directions of the corporation and their performance. The goal of this paper is to investigate the influence of the concentration of power in the hands of the major corporate leader on the accuracy of analyst earnings forecasts of Brazilian companies. The accuracy is measured in accordance with the international literature. The proxy for the concentration of power was constructed by Silveira and Barros (2011b) and takes into consideration the individual power of the main corporate leader the Chairman of the Board of Directors (Chairman) or the CEO (Chief Executive Officer) and also the degree of passivity and homogeneity of the Board of Directors. The sample contains 107 public companies listed in BM&FBOVESPA (Bolsa de Valores de São Paulo) in 2010. It only includes companies that had analyst coverage in the twelve months preceding the end of the fiscal year. The forecasts and financial information were collected from Thomson One Analytics® and Economática®. Information on the concentration of power was provided by Silveira and Barros (2011b), who collected the data in the websites of companies and in Comissão de Valores Mobiliários (CVM). The analysis shows evidence that the concentration of power positively influences the accuracy of analyst forecasts. This idea is in line with a few prior studies on the concentration of power and volatility of results that argue that powerful business leaders tend to be more conservative.eng
dc.formatapplication/pdfpor
dc.identifier.urihttp://dspace.mackenzie.br/handle/10899/23410
dc.languageporpor
dc.publisherUniversidade Presbiteriana Mackenziepor
dc.rightsAcesso Abertopor
dc.subjectanalistas de mercadopor
dc.subjectacuráciapor
dc.subjectconcentração de poderpor
dc.subjectlíderes corporativospor
dc.subjectchairmanpor
dc.subjectCEOpor
dc.subjectconselho de administraçãopor
dc.subjectmarket analystseng
dc.subjectaccuracyeng
dc.subjectconcentration of powereng
dc.subjectcorporate leaderseng
dc.subjectchairmaneng
dc.subjectCEOeng
dc.subjectboard of directorseng
dc.subject.cnpqCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::ADMINISTRACAO DE EMPRESASpor
dc.thumbnail.urlhttp://tede.mackenzie.br/jspui/retrieve/2949/Jose%20Reinaldo%20Pessanha.pdf.jpg*
dc.titleConcentração de poder e acurácia das previsões dos analistas de mercado de capitaispor
dc.typeDissertaçãopor
local.contributor.board1Kimura, Herbertpt_BR
local.contributor.board1Latteshttp://lattes.cnpq.br/2048706172366367por
local.contributor.board2Castro Junior, Francisco Henrique Figueiredo dept_BR
local.contributor.board2Latteshttp://lattes.cnpq.br/4834167727117491por
local.contributor.board3Marçal, Emerson Fernandespt_BR
local.contributor.board3Latteshttp://lattes.cnpq.br/2362482510747681por
local.contributor.board4Yamamoto, Marina Mitiyopt_BR
local.contributor.board4Latteshttp://lattes.cnpq.br/4573582253135801por
local.publisher.countryBRpor
local.publisher.departmentAdministraçãopor
local.publisher.initialsUPMpor
local.publisher.programAdministração de Empresaspor
Arquivos
Pacote Original
Agora exibindo 1 - 1 de 1
Imagem de Miniatura
Nome:
Jose Reinaldo Pessanha.pdf
Tamanho:
369.83 KB
Formato:
Adobe Portable Document Format
Descrição:
Baixar
Coleções
Administração de Empresas - Dissertações - CCSA Higienópolis