ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR
The objective of the present study was to evaluate the effect of financial, economic and legal variables on the market value of companies operating in the electricity sector of the brazilian economy. To perform this study, we used the methodology Ordinary Least Squares (OLS). The Electricity Sector...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade de Santa Cruz do Sul
2015-06-01
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| Series: | Estudos do CEPE |
| Subjects: | |
| Online Access: | https://online.unisc.br/seer/index.php/cepe/article/view/5056 |
| _version_ | 1819009990900318208 |
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| author | Rômulo José Soares Miranda Diego Pierotti Procópio Francisco Carlos da Cunha Cassuce Jader Fernandes Cirino |
| author_facet | Rômulo José Soares Miranda Diego Pierotti Procópio Francisco Carlos da Cunha Cassuce Jader Fernandes Cirino |
| author_sort | Rômulo José Soares Miranda |
| collection | DOAJ |
| description | The objective of the present study was to evaluate the effect of financial, economic and legal variables on the market value of companies operating in the electricity sector of the brazilian economy. To perform this study, we used the methodology Ordinary Least Squares (OLS). The Electricity Sector Index (ESI) was used as a proxy to evaluate the performance of these companies that make up the sector. The results pointed that the market value of these companies is influenced by the rates charged for the services, by the consumption of electricity in the country and also by the interest rate. In addition, it is verified also that institutional and regulatory changes are important determinants of the market value of these companies.
Keywords: Electricity Sector. Electricity Sector Index (ESI). Brazil. |
| first_indexed | 2024-12-21T01:05:09Z |
| format | Article |
| id | doaj.art-f6966a7bcc374ecc8e49a9dc9a6e0aba |
| institution | Directory Open Access Journal |
| issn | 1982-6729 |
| language | Portuguese |
| last_indexed | 2024-12-21T01:05:09Z |
| publishDate | 2015-06-01 |
| publisher | Universidade de Santa Cruz do Sul |
| record_format | Article |
| series | Estudos do CEPE |
| spelling | doaj.art-f6966a7bcc374ecc8e49a9dc9a6e0aba2022-12-21T19:21:04ZporUniversidade de Santa Cruz do SulEstudos do CEPE1982-67292015-06-01041284510.17058/cepe.v0i41.50562772ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTORRômulo José Soares Miranda0Diego Pierotti Procópio1Francisco Carlos da Cunha Cassuce2Jader Fernandes Cirino3Bacharel em Economia pela Universidade Federal de Viçosa. Mestrando em Economia pelo Departamento de Economia da Universidade Federal de Viçosa.Bacharel em Gestão do Agronegócio e Mestre em Economia, ambos pela Universidade Federal de Viçosa.Doutor em Economia Aplicada pela Universidade Federal de Viçosa. Professor Adjunto do Departamento de Economia da Universidade Federal de Viçosa.Doutor em Economia Aplicada pela Universidade Federal de Viçosa. Professor Adjunto do Departamento de Economia da Universidade Federal de Viçosa.The objective of the present study was to evaluate the effect of financial, economic and legal variables on the market value of companies operating in the electricity sector of the brazilian economy. To perform this study, we used the methodology Ordinary Least Squares (OLS). The Electricity Sector Index (ESI) was used as a proxy to evaluate the performance of these companies that make up the sector. The results pointed that the market value of these companies is influenced by the rates charged for the services, by the consumption of electricity in the country and also by the interest rate. In addition, it is verified also that institutional and regulatory changes are important determinants of the market value of these companies. Keywords: Electricity Sector. Electricity Sector Index (ESI). Brazil.https://online.unisc.br/seer/index.php/cepe/article/view/5056Setor ElétricoÍndice Setorial de Energia Elétrica (ISS)Brasil |
| spellingShingle | Rômulo José Soares Miranda Diego Pierotti Procópio Francisco Carlos da Cunha Cassuce Jader Fernandes Cirino ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR Estudos do CEPE Setor Elétrico Índice Setorial de Energia Elétrica (ISS) Brasil |
| title | ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR |
| title_full | ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR |
| title_fullStr | ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR |
| title_full_unstemmed | ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR |
| title_short | ECONOMIC DETERMINANTS IN THE MARKET VALUE OF COMPANIES THE ELECTRIC ENERGY SECTOR |
| title_sort | economic determinants in the market value of companies the electric energy sector |
| topic | Setor Elétrico Índice Setorial de Energia Elétrica (ISS) Brasil |
| url | https://online.unisc.br/seer/index.php/cepe/article/view/5056 |
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