Análise da produção científica sobre a liquidez no mercado acionário brasileiro no período de 1998 a 2017

• Autor(a) principal: Silva, Maria Andresa Santana
• Data de Publicação: 2018
• Tipo de documento: Trabalho de conclusão de curso
• Idioma: por
• Título da fonte: Repositório Institucional da UFS
• Texto Completo: http://ri.ufs.br/jspui/handle/riufs/10519
• topic: Administração; Ensino de adminstração; Liquidez; Pesquisa bibliométrica; Produção científica; Mercado brasileiro; Return of the market; Mercado acionista; Bibliometric research; Liquidity; CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::ADMINISTRACAO DE EMPRESAS::ADMINISTRACAO FINANCEIRA

The liquidity of an asset is related to its ability of being quickly negotiated, at low cost, without interfering in its price and the market. After the financial crisis hit the stock exchange around the world in the late 1980s, liquidity began to arouse interest not only of monetary authorities and researchers, as well as market investors. Given this, several studies were conducted involving liquidity and its interaction in the stock exchange. Thus, this study aimed to analyze, through a bibliometric research, the scientific production on liquidity in the Brazilian stock market from 1998 to 2017, in order to understand how the academy has related this theme in the publishing journals. This is a descriptive study, with a quantitative and qualitative approach. For this, 44 articles were selected in national journals of administration, accounting accounting and economics. The results showed that, in terms of the number of articles distributed by year of publication, it can be observed that the years 2008, 2012, 2013, 2014 and 2017 were responsible for the largest amount of publications; the event organized by the ANPAD and the Brazilian Business Review, were the journals with the greatest number of articles published; regarding the liquidity measures, the trading volume was the most used, being used in 27 articles; it was observed that liquidity effects in the capital asset pricing model were affected by the expected returns of an asset, expected market returns, systematic risk, and by factors: size, turnover, risk and illiquidity. With respect to the fields study of thematic on the liquidity in Brazil what most arouses the interest of researchers is the market return. It can be understood that, although limited, there are several authors interested in dealing with market liquidity in their scientific articles, contributing to the national publication of finances. The results obtained in this research are linked to the procedures adopted and, therefore, this analysis should not be generalized.