Risco versus retorno a partir de dados contábeis de empresas brasileirasuma contribuição empírica

Resumo

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.

Ficha do documento

Tipo

Tese

Ano

1990

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Não informado

Identificador

oai:repositorio.fgv.br:10438/4495

Temas

EconomiaDados

Palavras-chave

Accouting returnAccounting riskBrazilian firmsRisk/return trade-offEmpresas brasileirasRelação risco/retorno contábeisRetorno contábilRisco contábilAdministração de empresasEmpresas - LucratividadeTaxa interna de retorno - BrasilRisco (Economia)