This paper studies the impact of American Depositary Receipts on the growth aspect of the Brazilian market and attempts to measure the market’s ability to foster the formation of new enterprises and encourage Brazil economic expansion. The hypothesis of this paper examines whether investment allocation decisions of mutual fund managers have helped or hindered the development of the local stock market in Brazil. For this study, it is necessary to investigate two research subjects: (i) the set of Brazilian macroeconomic policies performance, (ii) and exploration of the juridical structure of American Depositary Receipts. Research methodologies are theoretical literature review and secondary data based on Brazil and United States official websites.
- American Depositary Receipts,
- Brazil economic,
- juridical structure.
Available at: http://works.bepress.com/claudia_nunes/18/