Título: | COST OF CAPITAL VALUATION BEST PRACTICES IN BRAZILIAN PUBLIC STOCK OFFER | |||||||
Autor: |
EDUARDO MONEGALHA RODRIGUES |
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Colaborador(es): |
LUIZ FELIPE JACQUES DA MOTTA - Orientador |
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Catalogação: | 14/ABR/2010 | Língua(s): | PORTUGUESE - BRAZIL |
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Tipo: | TEXT | Subtipo: | THESIS | |||||
Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=15487&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=15487&idi=2 |
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DOI: | https://doi.org/10.17771/PUCRio.acad.15487 | |||||||
Resumo: | ||||||||
Between 2004 and 2008, 199 public stock offers were registered in Brazil,
of which 111 were initial stock offers, at the São Paulo Stock Exchange, Brazil’s
main stock exchange; and 88 public stock offer registered at Comissão de Valores
Mobiliários (Brazilian SEC), with several reasons. Using a sample of 50 public
offers, we observed the best practices adopted by the main financial appraisers in
Brazil. We concluded that these appraisers tend to use the better known models
and assumptions accepted in the academic world, according with what is practiced
in other countries, adjusted to Brazilian reality. We observed some quantitative
differences between the assumptions in the pricing of initial stock offers and
public stock offers, where the second one showed more conservative assumptions
than the first.
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