TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | BENEFITS OF FOREIGNER CURRENCY HEDGE TO THE PUBLIC COMPANIES WITH THE HIGHEST PATRIMONIAL VALUES LISTED IN BOVESPA THAT HADN`T DONE CURRENCY HEDGE IN 2002 AND 2003 | ||||||||||||
| Autor(es): |
GUILHERME DE VASCONCELLOS GISERMAN |
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| Colaborador(es): |
ANTONIO CARLOS FIGUEIREDO PINTO - Orientador |
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| Catalogação: | 12/AGO/2005 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | SENIOR PROJECT | ||||||||||
| 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/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=6825@1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=6825@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.6825 | ||||||||||||
| Resumo: | |||||||||||||
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This research intends to identify the public companies
listed in Bovespa with the
follow caracteristics: Highest patrimonial values (top
100); revenues in real; debt in dollar;
fiscal lost in 2002 and fiscal profit in 2003 that hadn`t
done foreigner currency hedge. Once
identified, we calculated if it would be an advantage for
them to have done foreigner
currency hedge in 2002 and 2003, with long future
contracts of commercial dollar in the
market in these years. Initially, this study presents the
basic concepts of derivatives and a
brief history of them. After that we developed the
calculus to find out the gains from hedge,
the costs from hedge and the relation between them and the
foreigner currency variation
and the Selic tax. And finally, we have reached the
conclusions related to the benefits
brought to the companies in the years of 2002 and 2003.
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