文章基本信息

标题：Impacto das variáveis bursáteis no desempenho financeiro das corretoras independentes
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作者：Leonardo Anversi Ukita ; Rodolfo Leandro de Faria Olivo ; Leandro José Morilhas 等
期刊名称：Brazilian Review of Finance
印刷版ISSN：1984-5146
出版年度：2019
卷号：17
期号：1
页码：19-34
DOI：10.12660/rbfin.v17n1.2019.62354
出版社：Link to the Brazilian Society of Finance
摘要：The 21st Century has seen important innovations in stock markets, particularly the widespread adoption of automatic trading systems, which, allied to high-speed information systems, have increased efficiency and competition among stock brokers. In this context, we investigate the impacts of these changes on independent Brazilian brokerage firms. Results based on a 52-month sample period suggest a small effect of the Bovespa index, market volatility and traded volumeon brokers firms financial performance, indicating a still-limited impact of new technologies of automatic trading and high-speed information on the Brazilian market.
关键词：Corretoras de valores; Desempenho econômico-financeiro; Índice Bovespa; Volume acionário; Volatilidade acionária.