Análise da relação entre indicadores contábeis de desempenho e o preço das ações: um estudo das empresas do setor de energia elétrica listadas na Bovespa no período de 2009 a 2017.

Abstract

More information about the main companies in question, but also for the acquisition of potential improvements, thus obtaining a possibility of selecting the best entities to invest rationally. Hence, the importances of the need to do a research in analysis of indicators that portray the economic / financial situation of the companies. The main objective of the research is to observe whether or not there is a correlation between measures of performance and a profitability of the shares of the 67 companies of the electric energy sector that are packed in the Stock Exchange (BM & F-BOVESPA). In general, the objective was to investigate the existence of a correlation between accounting performance indicators and a stock income of Brazilian companies listed on the São Paulo Stock Exchange. This version has an interministerial list of securities, such as: ROI (Return on Investment), Turning of Assets, Turning of PL, General Liquidity, Sales per Share and Earnings per Share and, consequently, profitability of shares. This work is of quantitative character with the use of statistical tools. Being the data extracted from the Economics program, inserted in the SPSS to obtain the quantitative results. The Pearson Coefficient was used for an observation of the data in the corrections, but is shown to be insufficient, so the Spearman coefficient was used for data analysis. It is concluded that it is generated of significance of 5%, the results of the analyzes of the indexes applied to the Spearman coefficient showed in their majority weak correlations, very weak and zero, that is, investors of energy companies not Brazil is not analysis Of accounting performance before making investments in these companies, which leaves the questions: What is the use of Brazil's accounting performance indices? What is accounting for in Brazil?