O BRASIL NA PERSPECTIVA GLOBAL: BARREIRAS AO INVESTIMENTO ESTRANGEIRO E SEUS IMPACTOS NA PRECIFICAÇÃO DE ATIVOS

DOI:

https://doi.org/10.17564/2316-3143.2025v9n2p125-142

Authors

  • Artur Cabral Pereira das Neves
  • Daniel Ferreira Bispo Universidade Tiradentes
  • Felipe Costa Marques
  • Gabriel Fontes Cruz Rocha
  • Jair Jefferson Maia de Almeida

Published

2025-09-01

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Issue

Vol. 9 No. 2 (2025)

Section

Artigos

License

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Abstract

ABSTRACT

This study aims to analyze the barriers to Foreign Direct Investment (FDI) in Brazil from a global perspective and assess their impacts on financial market liquidity and asset pricing. The research adopts a qualitative approach, using the multiple case study method with six professionals from the Brazilian financial market. The semi-structured interviews were analyzed using the content analysis technique. The results reveal that the Brazilian institutional environment — marked by excessive bureaucracy, legal uncertainty, political instability, and tax complexity — constitutes a significant obstacle to attracting foreign capital. These factors increase the perception of risk, limit the participation of international investors, and compromise the liquidity of the capital market. Consequently, lower liquidity negatively impacts price formation, demanding higher risk premiums and depreciating assets, regardless of their economic fundamentals. The research also highlights that the presence of foreign investors is essential for the dynamics of the Brazilian stock market, given the low local investment culture. Finally, it is recommended that structural reforms be adopted, such as tax reforms, and that institutions such as Apex-Brasil be strengthened to improve the country's attractiveness. The study contributes to the academic debate and to the formulation of public policies aimed at improving the business environment in Brazil.

Keywords: Foreign Direct Investment; Financial Market; Asset Pricing.

How to Cite

Cabral Pereira das Neves, A., Ferreira Bispo, D., Costa Marques, F., Fontes Cruz Rocha, G., & Maia de Almeida, J. J. (2025). O BRASIL NA PERSPECTIVA GLOBAL: BARREIRAS AO INVESTIMENTO ESTRANGEIRO E SEUS IMPACTOS NA PRECIFICAÇÃO DE ATIVOS. Caderno De Graduação - Ciências Humanas E Sociais - UNIT - SERGIPE, 9(2), 125–142. https://doi.org/10.17564/2316-3143.2025v9n2p125-142