Date of Award
5-2026
Document Type
Thesis
Degree Name
Bachelor of Arts (BA)
Department
Social Sciences
First Advisor
Yu, Sherry
Area of Concentration
Financial Economics
Abstract
This paper analyzes the structure and performance of the Brazilian investment banking market, with a specific focus on the performance of BTG Pactual. Using the Structure-Conduct-Performance paradigm and oligopoly theory, this study examines the behavior of firms within the industry to understand the dynamics that shape the performance of the investment banking sector, including the influence of a market structure marked by high concentration and substantial entry barriers on firm profitability and business strategy. The analysis examines BTG Pactual’s business strategy, emphasizing its diverse income sources from advisory, underwriting, trading and asset management business lines.
Recommended Citation
dos Santos de Medeiros, Gabriela, "THE THEORY OF STRUCTURE, CONDUCT, AND PERFORMANCE: BTG PACTUAL IN THE BRAZILIAN BANKING AND CAPITAL MARKETS INDUSTRY" (2026). Theses & ETDs. 6892.
https://digitalcommons.ncf.edu/theses_etds/6892
Rights
The author has granted New College of Florida the nonexclusive right to archive, make accessible, and distribute for educational purposes this work in whole or in part in all forms of media, now or hereafter known. The copyright of this work remains with the author.