Please use this identifier to cite or link to this item: https://repositorio.insper.edu.br/handle/11224/4046
Type: Artigo Científico
Title: Determinação de ratings de crédito de unidades de negócios visando estimar o custo de capital de terceiros
Author: Artes, Rinaldo
Minardi, Andrea Maria Accioly Fonseca
Sanvicente, Antonio Zoratto
Publication Date: 2007
Abstract: A methodology for the estimation of credit rating in business and firms is provided. Credit ratings were colected from Moody's and Standard&Poor's Institutional Market Services and from several accounting and market variables with regard to 627 U.S. firms. A logistic model was employed so that variables that best explained the firm's credit rating could be selected and, at the same time, a classification model for credit rating could be introduced. Third party's capital costs may be associated with each credit rating its term. Credit rating may be determined by knowing the characteristics of each firm, business or project, loan termis and third party's capital costs market values. The above instrumetns are strategically of prime importance since they contribute to determine with preciseness the firm's capital costs and identify the structure of capital that decreases the costs of asset collection and consequently increases values for shareholders. Since the performance of main executive is measured by value introduction measurements, with each variant being the capital's mean costs, currnet procedure better adjusts recompense to strategy and value introduction for the shareholder.
Keywords (english terms): credit of business units
capital costs
rating
Language: Português
CNPq Area: Ciências Sociais Aplicadas
Copyright: 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
Notes: Texto completo
Appears in Collections:Coleção de Artigos Científicos

Files in This Item:
File Description SizeFormat 
R_2007_Determinação do rating de crédito de unidades de negócios_TC.pdfR_2007_Determinação do rating de crédito de unidades de negócios_TC1.64 MBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.