Performance analysis of the shares of companies in the sector of real estate in BOVESPA in relation to profitability, capital structure and environment sector

Authors

  • Roberto Carlos Evencio Oliveira da Silva PUCPR
  • Maria Lucia Matsunaga Koyashiki PUCPR
  • June Alisson Westarb Cruz PUCPR
  • Rony Ahlfeldt PUCPR
  • Wesley Vieira da da Silva PUCPR
  • Jansen Maia Del Corso PUCPR

DOI:

https://doi.org/10.16930/2237-7662/rccc.v14n41p9-19

Keywords:

Asset pricing, Capital structure, Profitability, Real estate.

Abstract

The study of the relationship between accounting information and the stock market has become relevant in the assessment of risk and return of publicly traded companies. In this sense, this article aims at verifying whether the profitability and the capital structure influence the share price of construction listed on the São Paulo Stock Exchange (BOVESPA). Furthermore, it was investigated the influence of the main economic indicators of the sector in the stock price. The research is descriptive, multivariate quantitative analysis with the use of the technique of multiple linear regression data being used. The sample period extends from the first quarter 2008 to first quarter 2013. The results show that stock prices of some companies are influenced by selected variables, considering that for some companies, cyclical variables have greater weight the the variables of profitability and capital structure.

Author Biographies

Roberto Carlos Evencio Oliveira da Silva, PUCPR

Mestre em Administração pela PUCPR.

Maria Lucia Matsunaga Koyashiki, PUCPR

Mestre em Administração pela PUCPR.

June Alisson Westarb Cruz, PUCPR

Doutor - Professor do Programa de Mestrado e Doutorado em Administração da PUCPR.

Rony Ahlfeldt, PUCPR

Bacharel em Administração de Empresas (UNIVILLE), Mestre em Administração: estratégia e organizações (UFPR) e Doutorando em Administração (PPAD/PUCPR). Professor da Escola de Negócios da PUCPR.

Wesley Vieira da da Silva, PUCPR

Doutor - Professor do Programa de Mestrado e Doutorado em Administração da PUCPR.

Jansen Maia Del Corso, PUCPR

Doutor - Professor do Programa de Mestrado e Doutorado em Administração da PUCPR.

Published

2015-04-23

How to Cite

Silva, R. C. E. O. da, Koyashiki, M. L. M., Cruz, J. A. W., Ahlfeldt, R., da Silva, W. V. da, & Del Corso, J. M. (2015). Performance analysis of the shares of companies in the sector of real estate in BOVESPA in relation to profitability, capital structure and environment sector. Revista Catarinense Da Ciência Contábil, 14(41), p. 09–19. https://doi.org/10.16930/2237-7662/rccc.v14n41p9-19