The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
Autor(a) principal: | |
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Data de Publicação: | 2006 |
Outros Autores: | |
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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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 |
format |
article |
status_str |
publishedVersion |
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 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
SSRN |
publisher.none.fl_str_mv |
SSRN |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
bitstream.url.fl_str_mv |
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repository.mail.fl_str_mv |
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