AS VARIÁVEIS FUNDAMENTALISTAS NO APREÇAMENTO DE ATIVOS NOS SETORES ELÉTRICO, SIDERÚRGICO E TELECOMUNICAÇÕES NA BOVESPA

UERJ Mestrado em Ciencias Contabeis. Revista de Contabilidade (Print)

Boaventura¹ 

关键词: Capital Markets;    Asset Pricing Model;    CAPM.;   

DOI  :  

学科分类：社会科学、人文和艺术（综合）

来源: Universidade do Estado do Rio de Janeiro * Faculdade de Administracao e Financas

【 摘 要 】

The capital asset pricing model has an important place in capital market. This model does a prediction for an expected return of an asset, with your Beta. So, the goal of this paper is to observe the influence of fundamentalists variables besides Beta in the explanation of assets returns of three sectories trading in Bovespa, during the period of March 1999 up to December 2008, applying the SUR method. In the analyzed period, it could be observed the significative influence of price/earn (P/E) for the asset portfolios pricing. Concerning to the Beta, its explanation power still is fundamental in the relationship risk-return, so it can not be excluded.Keywords: Capital Markets; Asset Pricing Model; CAPM.

【 授权许可】

CC BY