Analysis of the impact of Fies on the stock returns from the higher education sector

ABSTRACT This article aims to analyze if the issuance of Series E Treasury Bonds (CFT-Es) generates abnormal returns in a higher education stock portfolio and verify if the Brazilian higher education market is efficient in its semi-strong form. The main purpose of CFT-Es is to transfer funds to inst...

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Bibliographic Details
Main Authors: Marília Cordeiro Pinheiro, André Luiz Marques Serrano
Format: Article
Language:English
Published: Universidade de São Paulo 2019-02-01
Series:Revista Contabilidade & Finanças
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772019005002104&lng=en&tlng=en