To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista de Administração Pública |
Texto Completo: | https://periodicos.fgv.br/rap/article/view/7025 |
Resumo: | The objective of this work is to verify if the profitability of the companies of mixing economy is different of the profitability of the private companies, taking in consideration the size of the companies and the cost of the debt. They had been analyzed the companies listed in the São Paulo Stock Exchange, understanding the period from 1995 to 2007. The data had been collected in software Economática. Thus, it was tried to answer the following question: the Brazilian companies of mixing economy have similar performance to the one of the private companies? For the test of the hypothesis, regression with data in panel was used having as proxy: for the profitability the profit before the income tax, for the size log of asset and for the cost of capitation of resources the cost of the debt. As for the differentiation of profitability between companies of mixing economy and companies of private economy the results corroborate the findings of previous studies. It was observed in this study that as much the size than the cost of the debt is related to the profitability of the companies, but the fact of the Brazilian company to be of mixing or private economy does not intervene with its profitability. |
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To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007Privatizar ou não? Eis a questão: um estudo empírico sobre a rentabilidade das empresas de economia mista e empresas privadas listadas na Bovespa no período de 1995 a 2007profitabilitycost of the debtsizemixing economyprivate economy.rentabilidadecusto da dívidatamanhoeconomia mistaeconomia privada.The objective of this work is to verify if the profitability of the companies of mixing economy is different of the profitability of the private companies, taking in consideration the size of the companies and the cost of the debt. They had been analyzed the companies listed in the São Paulo Stock Exchange, understanding the period from 1995 to 2007. The data had been collected in software Economática. Thus, it was tried to answer the following question: the Brazilian companies of mixing economy have similar performance to the one of the private companies? For the test of the hypothesis, regression with data in panel was used having as proxy: for the profitability the profit before the income tax, for the size log of asset and for the cost of capitation of resources the cost of the debt. As for the differentiation of profitability between companies of mixing economy and companies of private economy the results corroborate the findings of previous studies. It was observed in this study that as much the size than the cost of the debt is related to the profitability of the companies, but the fact of the Brazilian company to be of mixing or private economy does not intervene with its profitability.O objetivo deste trabalho foi verificar se a rentabilidade das empresas de economiamista é diferente da rentabilidade das empresas privadas, levando-se em conside-ração o tamanho das empresas e o custo da dívida. Foram analisadas as empresaslistadas na Bovespa, compreendendo o período de 1995 a 2007. Os dados foramcoletados no software Economática. Assim, procurou-se responder à seguinte ques-tão: as empresas brasileiras de economia mista têm desempenho similar ao dasempresas privadas? Para o teste da hipótese empregou-se regressão com dados empainel utilizado como proxy: para a rentabilidade, o Lair (lucro antes do impostode renda); para o tamanho, o log de ativo; e, para o custo de captação de recursos,o custo da dívida (Kd). No que se refere à diferenciação de rentabilidade entreempresas de economia mista e empresas de economia privada, os resultados en-contrados corroboram os achados de estudos anteriores. Observou-se neste estudoque tanto o tamanho quanto o custo da dívida estão relacionados à rentabilidadedas empresas, mas o fato de a empresa brasileira ser de economia mista ou privadanão interfere em sua rentabilidade.Fundação Getulio Vargas (FGV EBAPE)2011-12-18info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/rap/article/view/7025Brazilian Journal of Public Administration; Vol. 45 No. 4 (2011); 1031 a 1054Revista de Administração Pública; Vol. 45 Núm. 4 (2011); 1031 a 1054Revista de Administração Pública; v. 45 n. 4 (2011); 1031 a 10541982-31340034-7612reponame:Revista de Administração Públicainstname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rap/article/view/7025/5584Nossa, Silvania NerisGonzaga, Rosimeire PimentelNossa, ValcemiroFilho, José Francisco RibeiroTeixeira, Aridelmo José Campanharoinfo:eu-repo/semantics/openAccess2021-11-17T20:47:43Zoai:ojs.periodicos.fgv.br:article/7025Revistahttps://ebape.fgv.br/publicacoes/rapONGhttps://old.scielo.br/oai/scielo-oai.php||rap@fgv.br1982-31340034-7612opendoar:2021-11-17T20:47:43Revista de Administração Pública - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 Privatizar ou não? Eis a questão: um estudo empírico sobre a rentabilidade das empresas de economia mista e empresas privadas listadas na Bovespa no período de 1995 a 2007 |
title |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
spellingShingle |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 Nossa, Silvania Neris profitability cost of the debt size mixing economy private economy. rentabilidade custo da dívida tamanho economia mista economia privada. |
title_short |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
title_full |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
title_fullStr |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
title_full_unstemmed |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
title_sort |
To privatize or not? Here it is the question: an empirical study on the profitability of the companies of mixing economy and private companies listed in the São Paulo Stock Exchange in the period from 1995 to 2007 |
author |
Nossa, Silvania Neris |
author_facet |
Nossa, Silvania Neris Gonzaga, Rosimeire Pimentel Nossa, Valcemiro Filho, José Francisco Ribeiro Teixeira, Aridelmo José Campanharo |
author_role |
author |
author2 |
Gonzaga, Rosimeire Pimentel Nossa, Valcemiro Filho, José Francisco Ribeiro Teixeira, Aridelmo José Campanharo |
author2_role |
author author author author |
dc.contributor.author.fl_str_mv |
Nossa, Silvania Neris Gonzaga, Rosimeire Pimentel Nossa, Valcemiro Filho, José Francisco Ribeiro Teixeira, Aridelmo José Campanharo |
dc.subject.por.fl_str_mv |
profitability cost of the debt size mixing economy private economy. rentabilidade custo da dívida tamanho economia mista economia privada. |
topic |
profitability cost of the debt size mixing economy private economy. rentabilidade custo da dívida tamanho economia mista economia privada. |
description |
The objective of this work is to verify if the profitability of the companies of mixing economy is different of the profitability of the private companies, taking in consideration the size of the companies and the cost of the debt. They had been analyzed the companies listed in the São Paulo Stock Exchange, understanding the period from 1995 to 2007. The data had been collected in software Economática. Thus, it was tried to answer the following question: the Brazilian companies of mixing economy have similar performance to the one of the private companies? For the test of the hypothesis, regression with data in panel was used having as proxy: for the profitability the profit before the income tax, for the size log of asset and for the cost of capitation of resources the cost of the debt. As for the differentiation of profitability between companies of mixing economy and companies of private economy the results corroborate the findings of previous studies. It was observed in this study that as much the size than the cost of the debt is related to the profitability of the companies, but the fact of the Brazilian company to be of mixing or private economy does not intervene with its profitability. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-12-18 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.fgv.br/rap/article/view/7025 |
url |
https://periodicos.fgv.br/rap/article/view/7025 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://periodicos.fgv.br/rap/article/view/7025/5584 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Fundação Getulio Vargas (FGV EBAPE) |
publisher.none.fl_str_mv |
Fundação Getulio Vargas (FGV EBAPE) |
dc.source.none.fl_str_mv |
Brazilian Journal of Public Administration; Vol. 45 No. 4 (2011); 1031 a 1054 Revista de Administração Pública; Vol. 45 Núm. 4 (2011); 1031 a 1054 Revista de Administração Pública; v. 45 n. 4 (2011); 1031 a 1054 1982-3134 0034-7612 reponame:Revista de Administração Pública instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Revista de Administração Pública |
collection |
Revista de Administração Pública |
repository.name.fl_str_mv |
Revista de Administração Pública - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
||rap@fgv.br |
_version_ |
1798943765504720896 |