Relação do Resultado Abrangente com o Desempenho Operacional e Econômico de Empresas Listadas no Mercado Brasileiro

Martins, Vinícius Gomes; Monte, Paulo Aguiar do

doi:10.18405/recfin20150302

Cited by 2 publications

(1 citation statement)

References 11 publications

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“…The analysis was conducted in three stages: firstly, canonical analysis, assessing SER variable at current period ‫ܴܧܵ(‬ ,௧ ), and in the next one ‫ܴܧܵ‬ ,௧ାଵ . The objective of this multivariate technic is to identify one appropriated dependent variable for panel estimation (MARTINS;MONTE, 2015). Hence, the highest correlation between SER dependent variables and canonical loadings determine which one fits the better.…”

Section: Statistical Proceduresmentioning

confidence: 99%

Socio-Environmental Disclosure and Legitimacy: An Investigation Over the Major Brazilian Banks.

Prates

Rodrigues

Prates

et al. 2019

RC-UFBA

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<p>This paper analyzes the connection between sustainability and financial performances of the six biggest banks in Brazil. Brazilian banks were analyzed regarding their socio-environmental and economic disclosure. We collected Socio-environmental data from annual reports, available on banks websites and financial data at Economática® database. Although disclosure data are not audited, which represents a limitation, these banks conduct their business in accordance with sustainable development policies and regulations, and publish information about initiatives. Spearman's non-parametric correlation provided a relationship assessment between variables for each bank. Results in this paper mostly showed a positive correlation between socio-environmental responsibility (SER) and financial performances, even considering the impacts of Brazilian crisis. The objective of this voluntary disclosure lays on companies’ legitimacy as a dialogue mechanism with society.</p><p> </p>

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Section: Statistical Proceduresmentioning

confidence: 99%

Socio-Environmental Disclosure and Legitimacy: An Investigation Over the Major Brazilian Banks.

Prates

Rodrigues

Prates

et al. 2019

RC-UFBA

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A utilidade do resultado integral: caso Euronext Lisbon

Gonçalves

Andraz

Guerreiro

et al. 2018

Innovar

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RESUMO: Analisa-se a relevância do resultado integral versus resultado líquido das componentes do outro resultado integral, considerando os fatores ano e setor, para o preço e retorno dos títulos cotados na Euronext Lisbon. Com base nos relatórios e contas consolidadas do período 2010-2015 (36 empresas e 211 observações), procura-se aferir se as componentes do resultado integral acrescentam poder explicativo ao resultado líquido e, recorrendo aos modelos do preço e do retorno, se são incorporadas no valor de mercado. A análise comparada dos modelos permite conclusões mais robustas e pertinentes sobre a utilidade do outro resultado integral. Confirma-se uma diferença estatisticamente significativa entre o resultado integral e o resultado líquido. Numa análise anual e sectorial, essa diferença não é consistente, sugerindo o efeito das características de cada setor e a natureza irregular (valor e sinal) das componentes do outro resultado integral em cada ano. Essa informação é refletida no valor das ações quando é material ou sinaliza riscos de mercado. As conclusões são consistentes com outros estudos e são pertinentes para as entidades normalizadoras e reguladoras, por permitir equacionar a informação a detalhar no resultado integral, para analistas e investidores, pela natureza dos impactos esperados na formação do valor de mercado. PALAVRAS-CHAVE:Euronext Lisbon, outro resultado integral, resultado integral, resultado líquido, valor de mercado. Contabilidad y Finanzas USEFULNESS OF THE OVERALL RESULT FOR MARKET VALUE: THE CASE OF EURONEXT LISBONABSTRACT: This research aims to study the importance of the global result compared to the net result of the components of another global result, considering the year and the sector factors, for the price and return of the securities traded on the Euronext Lisbon. Based on the reports and consolidated accounts (36 companies and 211 observations) with quoted securities (2010)(2011)(2012)(2013)(2014)(2015), the goal is to know if the components of the comprehensive financial results have an explanatory power, and if such results are valued by investors in the price and return model. The option for the comparative analysis of models allows more solid and relevant conclusions. A statistically significant difference between the global result and the net result is confirmed. A statistically significant difference between the overall result and the net result is confirmed. However, it is not consistent within the analysis for each year or sector, which shows the influence of each sector's characterictics and the irregular nature (value and signal) of the components of other global results for each year. It is confirmed this information is reflected on the market value when it is material or signals market risks. The results of this research are consistent with other studies, but limited by the size of the sample and the small size of some sectors. However, this study contributes to the literature on this subject since results validate the controversy about the relevance of a glo...

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Relação do Resultado Abrangente com o Desempenho Operacional e Econômico de Empresas Listadas no Mercado Brasileiro

Cited by 2 publications

References 11 publications

Socio-Environmental Disclosure and Legitimacy: An Investigation Over the Major Brazilian Banks.

Socio-Environmental Disclosure and Legitimacy: An Investigation Over the Major Brazilian Banks.

A utilidade do resultado integral: caso Euronext Lisbon

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