Analyzing the quality factor for Brazil
| dc.contributor.author | ADRIANA BRUSCATO BORTOLUZZO | |
| dc.contributor.author | Pistil, Gustavo Nascimento | |
| dc.contributor.author | Bortoluzzo, Mauricio Mesquita | |
| dc.coverage.cidade | Rio de Janeiro | pt_BR |
| dc.coverage.pais | Brasil | pt_BR |
| dc.creator | Pistil, Gustavo Nascimento | |
| dc.creator | Bortoluzzo, Mauricio Mesquita | |
| dc.date.accessioned | 2022-08-03T14:30:26Z | |
| dc.date.available | 2022-08-03T14:30:26Z | |
| dc.date.issued | 2021 | |
| dc.description.other | Investments in Brazil are increasingly allocated to the stock market, at the expense of more conservative investments. Would finding higher-quality assets allow investors to increase their risk-return ratio? We analyze quality with several metrics, including the quality-minus-junk (QMJ) factor for Brazil. We find that quality companies are valued more by investors, with a higher price-to-book ratio. A portfolio of shares of higher quality shows a significant positive return over the period analyzed, adjusted for several risk factors. The sample members classified as quality companies remained within this classification over time. | pt_BR |
| dc.format.extent | 31 - 52 | pt_BR |
| dc.format.medium | Digital | pt_BR |
| dc.identifier.doi | https://doi.org/10.12660/rbfin.v19n3.2021.83068 | pt_BR |
| dc.identifier.issn | 1984-5146 | pt_BR |
| dc.identifier.issn | 1679-0731 | pt_BR |
| dc.identifier.issue | 3 | pt_BR |
| dc.identifier.uri | https://repositorio.insper.edu.br/handle/11224/3844 | |
| dc.identifier.volume | 19 | pt_BR |
| dc.language.iso | Inglês | pt_BR |
| dc.publisher | Sociedade Brasileira de Finanças | pt_BR |
| dc.relation.isbound | Produção vinculada ao Núcleo de Ciências de Dados e Decisão | |
| dc.relation.ispartof | Brazilian Review of Finance | pt_BR |
| dc.rights.license | O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR; | pt_BR |
| dc.subject.keywords | Quality minus junk | pt_BR |
| dc.subject.keywords | Asset pricing models | pt_BR |
| dc.subject.keywords | Portfolio choice | pt_BR |
| dc.subject.keywords | Investment decisions | pt_BR |
| dc.title | Analyzing the quality factor for Brazil | pt_BR |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| local.identifier.sourceUri | https://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/83068 | |
| local.subject.cnpq | Ciências Sociais Aplicadas | pt_BR |
| local.type | Artigo Científico | pt_BR |
| relation.isAuthorOfPublication | ccfd47d5-bd80-4464-98ce-629abb672e3d | |
| relation.isAuthorOfPublication.latestForDiscovery | ccfd47d5-bd80-4464-98ce-629abb672e3d |