The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows

Detalhes bibliográficos
Autor(a) principal: Eid Júnior, William
Data de Publicação: 2006
Outros Autores: Rochman, Ricardo Ratner
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/15566
Resumo: This paper infers the impact the publication “Guia Exame” (the guide) has on the Brazilian fund industry, more specifically on the ability the concerned funds develop on attracting new investment. The impact is measured using the event-study analysis based on the variation of net worth subsequently to the event of being rated, according to the methodology applied by the guide to rank the funds. We used five years of fund ratings according to Guia Exame (2000-2004) and analyzed the changes of these funds’ net worth. We also compared the event amongst different categories of funds. The results found confirm the expected effects according to star rankings and asset manager size in all years.
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spelling Eid Júnior, WilliamRochman, Ricardo RatnerEscolas::EAESP2016-02-25T15:13:11Z2016-02-25T15:13:11Z2006-04http://hdl.handle.net/10438/15566This paper infers the impact the publication “Guia Exame” (the guide) has on the Brazilian fund industry, more specifically on the ability the concerned funds develop on attracting new investment. The impact is measured using the event-study analysis based on the variation of net worth subsequently to the event of being rated, according to the methodology applied by the guide to rank the funds. We used five years of fund ratings according to Guia Exame (2000-2004) and analyzed the changes of these funds’ net worth. We also compared the event amongst different categories of funds. The results found confirm the expected effects according to star rankings and asset manager size in all years.engSSRNEvent-studyMutual fundsAsset flowFund ratingsFinançasFundos de investimentoThe effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flowsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALThe effect of guia exame's ratings on the brazilian fund industry an analysis of net worth flows.pdfThe effect of guia exame's ratings on the brazilian fund industry an analysis of net worth flows.pdfPDFapplication/pdf135003https://repositorio.fgv.br/bitstreams/ce975299-3a42-4913-bc38-365682de04ee/downloadbb38fabf8708715bc0e4700758a92a5aMD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
title The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
spellingShingle The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
Eid Júnior, William
Event-study
Mutual funds
Asset flow
Fund ratings
Finanças
Fundos de investimento
title_short The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
title_full The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
title_fullStr The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
title_full_unstemmed The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
title_sort The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
author Eid Júnior, William
author_facet Eid Júnior, William
Rochman, Ricardo Ratner
author_role author
author2 Rochman, Ricardo Ratner
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EAESP
dc.contributor.author.fl_str_mv Eid Júnior, William
Rochman, Ricardo Ratner
dc.subject.eng.fl_str_mv Event-study
Mutual funds
Asset flow
Fund ratings
topic Event-study
Mutual funds
Asset flow
Fund ratings
Finanças
Fundos de investimento
dc.subject.area.por.fl_str_mv Finanças
dc.subject.bibliodata.por.fl_str_mv Fundos de investimento
description This paper infers the impact the publication “Guia Exame” (the guide) has on the Brazilian fund industry, more specifically on the ability the concerned funds develop on attracting new investment. The impact is measured using the event-study analysis based on the variation of net worth subsequently to the event of being rated, according to the methodology applied by the guide to rank the funds. We used five years of fund ratings according to Guia Exame (2000-2004) and analyzed the changes of these funds’ net worth. We also compared the event amongst different categories of funds. The results found confirm the expected effects according to star rankings and asset manager size in all years.
publishDate 2006
dc.date.issued.fl_str_mv 2006-04
dc.date.accessioned.fl_str_mv 2016-02-25T15:13:11Z
dc.date.available.fl_str_mv 2016-02-25T15:13:11Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/15566
url http://hdl.handle.net/10438/15566
dc.language.iso.fl_str_mv eng
language eng
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dc.publisher.none.fl_str_mv SSRN
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