Risco versus retorno a partir de dados contábeis de empresas brasileiras: uma contribuição empírica
The nuclear part of this doctoral dissertation is a research work, which investigates the trade-off between accounting risk and return in 10 Brazilian economic sectors. For the 1978-87 period, in a sample of 344 firms, a negative risk/return association was detected in eight sectors and a positive o...
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| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 1990 |
| País: | Brasil |
| Institución: | Fundação Getulio Vargas (FGV) |
| Repositorio: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Idioma: | portugués |
| OAI Identifier: | oai:repositorio.fgv.br:10438/4495 |
| Acceso en línea: | https://hdl.handle.net/10438/4495 |
| Access Level: | acceso abierto |
| Palabra clave: | Accouting return Accounting risk Brazilian firms Risk/return trade-off Empresas brasileiras Relação risco/retorno contábeis Retorno contábil Risco contábil Administração de empresas Empresas - Lucratividade Taxa interna de retorno - Brasil Risco (Economia) |
| Sumario: | The nuclear part of this doctoral dissertation is a research work, which investigates the trade-off between accounting risk and return in 10 Brazilian economic sectors. For the 1978-87 period, in a sample of 344 firms, a negative risk/return association was detected in eight sectors and a positive or neutral one in only two sectors. Pooling together data for the 344 firms, a negative relationship between risk and return was found. After splitting the sample according to firm profitability, an essentially negative risk/return association was identified in the less profitable half of the firms studied, both within and across sectors. On the other hand, the more profitable firms in the sample exhibited a lack of significant association between accounting risk and return, within and across sectors. |
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