Pricing corporate bonds in Brazil: 2000 to 2004

dc.creatorPAIVA, Eduardo Vieira dos Santos
dc.creatorSAVOIA, Jose Roberto Ferreira
dc.date.accessioned2012-10-19T13:17:40Z
dc.date.accessioned2018-07-04T14:59:33Z
dc.date.available2012-10-19T13:17:40Z
dc.date.available2018-07-04T14:59:33Z
dc.date.created2012-10-19T13:17:40Z
dc.date.issued2009
dc.identifierJOURNAL OF BUSINESS RESEARCH, v.62, n.9, p.916-919, 2009
dc.identifier0148-2963
dc.identifierhttp://producao.usp.br/handle/BDPI/20483
dc.identifier10.1016/j.jbusres.2008.10.012
dc.identifierhttp://dx.doi.org/10.1016/j.jbusres.2008.10.012
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/1617266
dc.description.abstractThis paper analyzes the factors that influence the issuing price of debentures in Brazil in the period from year 2000 to 2004, applying a factor model, in which exogenous variables explain return and price behavior. The variables in this study include: rating, choice of index, maturity, country risk, basic interest rate, long-term and short-term rate spread, the stock market index, and the foreign exchange rate. Results indicate that the index variable, probability of default and bond`s maturity influence pricing and points out associations of long-term bonds with better rating issues. (C) 2008 Elsevier Inc. All rights reserved.
dc.languageeng
dc.publisherELSEVIER SCIENCE INC
dc.relationJournal of Business Research
dc.rightsCopyright ELSEVIER SCIENCE INC
dc.rightsrestrictedAccess
dc.subjectCapital markets
dc.subjectCorporate bond pricing
dc.subjectMultivariate analysis
dc.subjectMultiple regression
dc.subjectLogistic regression
dc.subjectCorrespondence analysis
dc.titlePricing corporate bonds in Brazil: 2000 to 2004
dc.typeArtículos de revistas


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