Abstract

VAZQUEZ CARRAZANA, Xiomara Esther  and  MIRANDA, Gilberto José. Relation between Economic Indicators and Share Prices in Brazilian Companies. Rev.fac.cienc.econ. [online]. 2019, vol.27, n.2, pp.51-66. ISSN 0121-6805.  https://doi.org/10.18359/rfce.3510.

This study evaluates the relationship between economic performance indicators and the price of shares at different stages of accounting regulations in Brazil. Descriptive, quantitative, longitudinal research methodology was used to compare results between the 2001-2007 period and the 2010-2016 period, through the Structural Equation Modeling (SEM) technique. It was noted that relations between economic performance indicators and the share prices were stronger in the second period, probably due to the adoption of new accounting standards; there is a noteworthy change towards positive and significant correlations of stock exchange capitalization with performance. Thus, incorporating performance indicators in the analysis is an element that exceeds the existing studies, and this allows for a more complete assessment of the impact of adopting accounting policies on the business-market relationship.

Keywords : Economic performance; business-market; share price; accounting regulations.

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