Analysis of the impact of macroeconomic variables on the financial performance of companies in the sectors of Consumer Cyclical and Non-Cyclical of BM&FBOVESPA
DOI:
https://doi.org/10.16930/2237-7662/rccc.v17n51.2606Keywords:
Cyclical Consumption, Consumer Cyclical not, Macroeconomic Variables, Performance Indicators.Abstract
All companies are influenced by macroeconomic variables, more or less sharply, as they are subject to the economic conditions of the regions where they operate. Thus, this reasoning is no different for companies that sell goods and services to end users, such as companies belonging to the consumption sector Cyclical (production and sale of durable goods) and Non-Cyclical (production and sale of non-durable goods) sector of BM&FBovespa). In light of the Business Cycle Theory, the aim of this study was to assess the impact of macroeconomic variables on the financial indicators of companies in the Consumer Cyclical sector and Non-Cyclical BM&FBovespa, since they have to companies in the first sector are more affected by economic fluctuations than companies in the second sector. In this sense, there was a quantitative, descriptive and analysis of documentary data. The study used calculation of canonical correlation coefficients, using statistical software SPSS (Statistical Package for Social Sciences). The survey sample consisted of 103 companies that negotiate their roles in the BM&FBovespa, divided into the sectors of Consumer Cyclical (64 companies) and Consumer Non-Cyclical (39 companies). The study’s findings point to an acceptance of the theory that cyclical companies are more impacted by changes in the Brazilian economy, since the results obtained by the canonical correlation indicates that the economic-financial indicators of Cyclical sector companies are more correlated to macroeconomic variables than the indicators of the companies not Cyclical.References
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