Factors Influencing Brazilian Value Investing Portfolios


  • Pedro Holloway Fundação Getulio Vargas de São Paulo – Escola de Economia de São Paulo, Brazil
  • Ricardo Rochman Fundação Getulio Vargas de São Paulo – Escola de Economia de São Paulo, Brazil
  • Marco Laes Universidade de São Paulo, Brazil


Value investing, Mutual funds, Investment, Equities


This study contributes to research on value investing in Brazil, analyzing the Brazilian funds that adopt this philosophy. The goal is to identify some of the factors that influence the decisions of value investing managers to maintain an asset in their portfolios. The results point out that the variables that influence portfolio managers to maintain a stock in their assets under management are greater stability in earnings per share, high ROA (Return on Assets), high gross margin, company size, and liquidity of the shares.

DOI: https://doi.org/10.1016/S2077-1886(13)70026-X


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How to Cite

Holloway, P. ., Rochman, R. ., & Laes, M. . (2013). Factors Influencing Brazilian Value Investing Portfolios. Journal of Economics, Finance and Administrative Science, 18(.), 18–22. Retrieved from https://revistas.esan.edu.pe/index.php/jefas/article/view/518