Analysis of the emission of American Depositary Receipts of Brazilian companies through the extraction of linguistic summaries - Archive ouverte HAL
Communication Dans Un Congrès Année : 2015

Analysis of the emission of American Depositary Receipts of Brazilian companies through the extraction of linguistic summaries

Résumé

The cross-listing mechanism enables that companies collect funds and investors invest in capital markets of foreign countries. Among the objectives are the increase in the liquidity, the reduction of the risk and of the capital cost. In this context, this paper analyses the relationship of dually listed stocks of Brazilian companies, simultaneously traded on the São Paulo stock Exchange and New York Exchange, through American Depositary Receipts (ADR). In this sense, we evaluate which of the markets has the greatest influence on the pricing of those assets. For this purpose, we extract knowledge in the form of linguistic summaries representing attribute co-variations, enriched by different types of additional information which characterize the context and describe the co-variation type.
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Dates et versions

hal-01160225 , version 1 (04-06-2015)

Identifiants

  • HAL Id : hal-01160225 , version 1

Citer

Amal Oudni, Marie-Jeanne Lesot, Maria Rifqi, Rosangela Ballini. Analysis of the emission of American Depositary Receipts of Brazilian companies through the extraction of linguistic summaries. 2015 IEEE International Conference on Fuzzy Systems (FUZZ'IEEE 2015), Aug 2015, Istanbul, Turkey. ⟨hal-01160225⟩
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