THE EFFECTS OF FIRM SIZE ON RISK AND RETURN IN THE BRAZILIAN STOCK MARKET: A SECTORAL ANALYSIS

Finance & Accounting Research Journal

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Field Value
 
Title THE EFFECTS OF FIRM SIZE ON RISK AND RETURN IN THE BRAZILIAN STOCK MARKET: A SECTORAL ANALYSIS
 
Creator Antunes, Jessica
Meireles, Alexsandro Rodrigues
Sanfelici, Aline
Garcia, Rodrigo
 
Subject Risk
Return
Firm Size
Arbitrage Pricing Theory
Brazilian Stock Market.
 
Description The theory of capital market is to deal with the equilibrium relationship between risk and expected return on risky assets. Based on the theory, the present study investigates the effects of sectoral size (sectoral capitalization) on risk and expected return for the period of 2000-2004 as monthly. Multifactor model is utilized in the study using the Arbitrage Pricing Theory in analyzing the effects of sectoral size on the risk and return by utilizing the ordinary least square estimation procedure. The findings indicate that the firm size or sector have insignificant effects on firm or sectoral return in the Brazilian stock market. 
 
Publisher Fair East Publishers
 
Date 2020-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://fepbl.com/index.php/farj/article/view/102
 
Source Finance & Accounting Research Journal; Vol. 2 No. 1 (2020); 38-44
2708-6348
2708-633X
 
Language eng
 
Relation http://fepbl.com/index.php/farj/article/view/102/274
 
Rights Copyright (c) 2020 Jessica Antunes, Alexsandro Rodrigues Meireles, Aline Sanfelici, Rodrigo Garcia
https://creativecommons.org/licenses/by-nc/4.0
 

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