WITH THE GOAL OF CONTRIBUTING TO THE GENERATION OF A CORPORATE EARNINGS PREDICTOR MODEL / O IMPACTO DO NÍVEL DA ATIVIDADE ECONÔMICA DO PAÍS SOBRE OS LUCROS DAS EMPRESAS DE CAPITAL ABERTO

AUTOR(ES)

PAULO LEANDRO WILBERT

DATA DE PUBLICAÇÃO

2001

RESUMO

With the goal of contributing to the generation of a corporate earnings predictor model for subsequent utilization in stock investment analysis, this study explores the relationship between the Brazilian economic activity level and performance results for firms registered for trading on stock exchanges. The influence of the Brazilian economic activity level over the corporate performance results was verified globally and for industries. Macroeconomic variables were tested to define which of them was more suitable to represent the country activity economic level. GDP was the most relevant. Diverse models were tested to predict the corporate performance results. Corporate performance results were analyzed in five different levels: Net Sales, Gross Profits, Operating Profits, Own Operating Profits and Net Profits. The potential to utilize this relationship was verified due to the significant statistical results. Future studies have the responsibility to turn into reality this potential.

ASSUNTO(S)

avaliacao de investimento investment analysis atividade economica economic activity desempenho das empresas companies performance

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