Use este identificador para citar ou linkar para este item: http://rebacc.crcrj.org.br/handle/123456789/6568
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dc.contributorRodrigo F. Malaquias acknowledges FAPEMIG for the financial support for this research (Edital de Demanda Universal, 2014, APQ-01265-14).-
dc.creatorBorges Junior, Dermeval Martins-
dc.creatorMalaquias, Rodrigo Fernandes-
dc.date2017-12-18-
dc.date.accessioned2020-08-13T16:29:03Z-
dc.date.available2020-08-13T16:29:03Z-
dc.identifierhttps://www.revistacgg.org/contabil/article/view/1202-
dc.identifier10.21714/1984-3925_2017v20n3a2-
dc.identifier.urihttp://rebacc.crcrj.org.br/handle/123456789/6568-
dc.descriptionWe develop this study in order to analyze the benefits of international diversification through domestic assets for Brazilian investors. The sample contains three types of assets: the Brazilian Depositary Receipts (BDRs), the Brazilian investment funds that have part of their portfolios comprised of investments in foreign companies and stocks listed in the Brazilian capital market. Additionally, portfolios with ten different combinations of these assets were elaborated. We analyzed the data using correlation coefficients, risk-adjusted return and volatility measures. The results indicated that portfolios mainly comprised of BDRs presented the lowest correlation with the Brazilian market index, as well as the highest Sharpe ratio. The portfolios with the lowest volatility of returns were those majoritarily comprised of investment funds. This study contributes to the literature by analyzing some possible benefits of international diversification from the perspective of investors in an emerging country, since studies on this subject usually involve domestic investors from developed markets, especially from the United States.-
dc.formatapplication/pdf-
dc.languageeng-
dc.publisherJournal of Accounting, Management and Governance-
dc.publisherRevista Contabilidade, Gestão e Governança-
dc.relationhttps://www.revistacgg.org/contabil/article/view/1202/pdf-
dc.relationhttps://www.revistacgg.org/contabil/article/downloadSuppFile/1202/406-
dc.sourceJournal of Accounting, Management and Governance; Vol 20, No 3 (2017); 332-346-
dc.sourceRevista Contabilidade, Gestão e Governança; Vol 20, No 3 (2017); 332-346-
dc.source1984-3925-
dc.source1984-3925-
dc.subjectinternational diversification; domestic assets; BDRs; funds; stocks-
dc.titleInternational Diversification for Brazilian Investors through Domestic Assets-
dc.typeinfo:eu-repo/semantics/article-
dc.typeinfo:eu-repo/semantics/publishedVersion-
Aparece nas coleções:Contabilidade, Gestão e Governança - UNB

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