Where To Invest In Brics? An Analysis From The Point Of View Of The Industrial Organization Onde Investir Nos Brics? Uma Análise Sob O Prisma Da Organização Industrial

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dc.contributor.authorAlbuja C.D.
dc.contributor.authorGarcia F.G.
dc.contributor.authorMoreiras L.M.F.
dc.contributor.authorFilho E.T.
dc.date.accessioned2024-03-13T01:12:11Z
dc.date.available2024-03-13T01:12:11Z
dc.date.issued2011
dc.description.abstractThe objective of this study is to identify the most interesting industries for investing in Brazil, Russia, India e China (BRICs), according to risk-return and value premises, based in the theory of Industrial Organization (IO) tradition. This work analyzed 2770 firms in the BRICs from 1995 until 2008. With this purpose were compared rates of performance as ROA (return on assets), ROE (return on shares), average price earnings, market value over book value and Tobin's Q of the companies. The results support studies from Fama and French (1992), Mohanram (2005) and Goldszmidt, Brito and Vasconcelos (2007), although deviates from World Bank (2008) as to risk-return enhancing in China. Results show that the most attractive sectors for investment using the risk-return approach, filtering by value indicators, would be oil and gas in Russia and mining in Brazil, India and China, while the least interesting industries would be textile, motor vehicle parts, tools and accessories and telecommunications in Brazil.
dc.description.firstpage349
dc.description.issuenumber4
dc.description.lastpage369
dc.description.volume51
dc.identifier.doi10.1590/s0034-75902011000400004
dc.identifier.issn0034-7590
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/37039
dc.relation.ispartofRAE Revista de Administracao de Empresas
dc.rightsAcesso Aberto
dc.subject.otherlanguageBRICs
dc.subject.otherlanguageEntrepreneurship
dc.subject.otherlanguageIndustry sector analysis
dc.subject.otherlanguageInvestments
dc.subject.otherlanguageRisk-return
dc.titleWhere To Invest In Brics? An Analysis From The Point Of View Of The Industrial Organization Onde Investir Nos Brics? Uma Análise Sob O Prisma Da Organização Industrial
dc.typeArtigo
local.scopus.citations1
local.scopus.eid2-s2.0-84865202823
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84865202823&origin=inward
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