BARBOSA, L. I. S.; BARBOSA, Larissa Iully de Sousa.
Resumen:
The aim of this paper is to analyze the Bank of Brazil common stock through systematic
risk perspective. For this purpose, the daily records of return on banking sector stocks was
analyzed, between January 5, 2016 to April 2, 2019, in order to verify the beta coefficient,
used for measuring the assets systematic risk. The beta coefficient of Bank of Brazil
common stock was compared with the others banking sector stocks, for evaluate the
systematic risk. The results show that the banking sector stocks follow the market
fluctuations, once the beta coefficients are nearly equal 1, however, the Bank of Brazil
stock isn’t. The beta coefficient of Bank of Brazil stock continues with an equivalent
proportion, but, noticeably in less degree. Therefore, was verified that the Bank of Brazil
has a bigger systematic risk compared with the banking sector stocks. This study
collaborates, fundamentally, for the understanding of the systematic risk degree of a
financing institution incorporated as a semi-public corporation, with the State is the
majority shareholder, like the Bank of Brazil.