Detalhes bibliográficos
| Ano de defesa: |
2009 |
| Autor(a) principal: |
Silveira, Ricardo Silva Gordo |
| Orientador(a): |
Famá, Rubens |
| Banca de defesa: |
Não Informado pela instituição |
| Tipo de documento: |
Dissertação
|
| Tipo de acesso: |
Acesso aberto |
| Idioma: |
por |
| Instituição de defesa: |
Pontifícia Universidade Católica de São Paulo
|
| Programa de Pós-Graduação: |
Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais
|
| Departamento: |
Ciências Cont. Atuariais
|
| País: |
BR
|
| Palavras-chave em Português: |
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| Palavras-chave em Inglês: |
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| Área do conhecimento CNPq: |
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| Link de acesso: |
https://tede2.pucsp.br/handle/handle/1724
|
Resumo: |
This work aims to analyze the behavior of stock prices traded on exchanges, identifying the values and fair market and measuring the difference of discount rates adopted by the market and WACC fee Furthermore, it will analyze the degree of correlation between values and fair market and test statistically using linear regression if there is relationship between future profitability and the market value and fair value of the company. There was a gap in the academy that links a model to evaluate the company with the behavior of the prices of the shares. There are studies that talk about different models of valuation and what would be the most appropriate for a particular segment. There are also studies that examine possible strategies for investment, considering some indicators fundamentalists. Is it possible to identify an investment strategy, from the model Present Value of Free Cash Flow for the company? To undertake this work, it was considered a model for evaluating companies Present Value of Free Cash Flow for Enterprise. The fair values of the companies were cleared from the financial statements for the period from 2003 to 2007 and then were compared with market values. There was a moderate level of positive correlation between values and fair market and was not identified a trend in the investment strategy, taking into account the index market value of about fair value |
