Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 19, 2009 erstellt
Beschreibung:
The paper aims to find the lineal relation among investments in variable income Banco do Brasil's and Petrobras' Pension Funds in decrease of interest rates. The supposition that bases the study was obtained from the Keynesian economic and of corporative finance literatures. The research can be characterized as exploratory and descriptive. The exploratory research to for being the initial step in the research process by the experience favors the formulation of significant hypotheses for posterior researches. The work also owns characteristics of study of case. The pension bottoms selection was intentional under volume of investments. The information availability was one of the factors that determined the choice. It can realize that Petros, during the analyzed period, increased significantly their in variable income investments, showing significant linear relation to 10% with just only 6 (six) observations. Soon, apparently, cannot accept that the in investments of Petros and Previ, in fall scenery of interest rates, kept unaffected regarding the representativity of the variable income. Theses findings stayed better characterized for Petros than Previ