In this issue BBR presents articles which covers a large range o topics and methodological approachs. BBR keeps its tradition of being open to all áreas of business studies and methodologies. The first paper by Otávio Medeiros e Bernardus Van Doornik relares stock performance and volatility. Flávio Freza, Luis Eduardo Guedes e Luiz Flávio Gomes discuss the strategic positioning of Brazilian banks. Frederico Turolla focus on the the effects of the exchange rate on Brazilian outward foreign direct investment. Eurilton ARaújo discuss The relationship of stock returns, interest rates, economic activity and inflation inLatin America. Felício Torres e Tomás de Aquino Guimarães study technical visits on the Brazilian Auditing and Accounting Office.