Este artigo busca compreender melhor a relação entre o desempenho financeiro e de mercado das empresas e a remuneração dos executivos, de modo a verificar se os interesses dos executivos estão alinhados com os dos acionistas. ...

Projects payment for environmental services, which financially compensates farmers and landowners for conservation of water and forests, are seen as the great promise for the preservation of ecosystems. These projects are ...

We propose a model of delegated portfolio management specialized in alternative investments, i.e., those with a high-return and high-risk profile. It is shown that in this context, as a reward for risk-taking scheme is ...

This papers tests theoretical predictions concerning to agent compensation, debt structure and investment in the models of dynamic agency in DeMarzo and Fishman (2007), DeMarzo and Sannikov (2006) and DeMarzo, Fishman, He ...

The systemic financial crisis that started in 2008 in the United States had some severe effects in the economic activity and required the bailout of financial institutions with the use of taxpayer’s money. It also originated ...

The regulation in the public electric energy distribution service considers quality and continuity indicators, presented in Module 8 of the Electric Energy Distribution Procedures in the National Electric System (PRODIST), ...

Abstract This paper argues that the design of the international financial system should take into consideration three different problems that the current system faces: financial market instability; basic macroeconomic ...