The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.

Detalhes bibliográficos
Autor(a) principal: Araújo, Rodrigo Fonseca de
Data de Publicação: 2014
Outros Autores: Penha, Roberto Silva da
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Científica Hermes
Texto Completo: https://revistahermes.com.br/index.php/hermes1/article/view/109
Resumo: The accounting information has shown great relevance in making investment decisionsespecially when dealing with financial market. Thus, this research aims to analyze in anempirical form whether the publication dates of the financial statements cause some influenceon price and trading volume of the shares of companies that trade on the BM&FBOVESPA.Was used IBrX-50 to compose the sample, the analysis occurred with the financial statementsfor the first quarter of 2012. Mapped to the prices and trading volume around theannouncement date, that is, one week before and one week after. Therefore was usedstatistical tools to provide the result. It was made a multiple regression analysis of the dataanalysis of variance and correlation coefficient to find the answer to the problem. Given theresults, it was observed that only the dependent variable, price the share was able to bevariations explained by its accounting variables and the number of days elapsed from the dateof publication. The variable trading volume has not obtained a result with significance levelenough that the independent variables predicting the variations were.
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spelling The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.O impacto das demonstrações contábeis no mercado financeiro: verificação empírica com as empresas listadas no IBRX-50Relevance. Accounting Information. Financial Market.relevânciainformação contábilmercado financeiroThe accounting information has shown great relevance in making investment decisionsespecially when dealing with financial market. Thus, this research aims to analyze in anempirical form whether the publication dates of the financial statements cause some influenceon price and trading volume of the shares of companies that trade on the BM&FBOVESPA.Was used IBrX-50 to compose the sample, the analysis occurred with the financial statementsfor the first quarter of 2012. Mapped to the prices and trading volume around theannouncement date, that is, one week before and one week after. Therefore was usedstatistical tools to provide the result. It was made a multiple regression analysis of the dataanalysis of variance and correlation coefficient to find the answer to the problem. Given theresults, it was observed that only the dependent variable, price the share was able to bevariations explained by its accounting variables and the number of days elapsed from the dateof publication. The variable trading volume has not obtained a result with significance levelenough that the independent variables predicting the variations were.A informação contábil tem demonstrado grande relevância no processo de tomada de decisão de investimentos principalmente se tratando de mercado financeiro. Dessa maneira, a presente pesquisa se propõe a analisar de forma empírica se as datas de publicação das demonstrações financeiras causam alguma influência no preço e no volume de negociações das ações das empresas que negociam na BM&FBOVESPA. Foi utilizado o índice IBrX-50 para compor a amostra, a análise ocorreu com as demonstrações contábeis do primeiro trimestre de 2012. Mapearam-se as cotações e o volume de negociações em torno da data de anúncio, ou seja, uma semana antes e uma semana depois. Para tanto, utilizou-se de ferramentas estatísticas para se obter o resultado. Foi feita uma análise de regressão múltipla dos dados, análise de variância e análise do coeficiente de correlação em busca da resposta para o problema. Diante dos resultados, observou-se que apenas a variável dependente, preço da ação pôde ter suas variações explicadas pelas variáveis contábeis e pelo número de dias transcorridos da data de publicação. Já a variável volume de negociações não obteve um resultado com nível de significância suficiente para que as variáveis independentes predissessem suas variações.Fernando de Almeida Santos2014-07-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistahermes.com.br/index.php/hermes1/article/view/10910.21710/rch.v11i0.109Revista Científica Hermes; v. 11 (2014): julho a dezembroRevista Cientí­fica Hermes ; Vol. 11 (2014): julho a dezembroRevista Científica Hermes ; Vol. 11 (2014): julho a dezembro2175-055610.21710/rch.v11i0reponame:Revista Científica Hermesinstname:Instituto Paulista de Ensino (FIPEN)instacron:FIPENporhttps://revistahermes.com.br/index.php/hermes1/article/view/109/pdfCopyright (c) 2014 Rodrigo Fonseca de Araújo, Roberto Silva da Penhahttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessAraújo, Rodrigo Fonseca dePenha, Roberto Silva da2023-01-25T03:40:26Zoai:ojs.revistahermes.com.br:article/109Revistahttp://www.fipen.edu.br/hermes1/index.php/hermes1PUBhttp://www.fipen.edu.br/hermes1/index.php/hermes1/oai||hermes@fipen.edu.br2175-05562175-0556opendoar:2023-01-25T03:40:26Revista Científica Hermes - Instituto Paulista de Ensino (FIPEN)false
dc.title.none.fl_str_mv The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
O impacto das demonstrações contábeis no mercado financeiro: verificação empírica com as empresas listadas no IBRX-50
title The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
spellingShingle The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
Araújo, Rodrigo Fonseca de
Relevance. Accounting Information. Financial Market.
relevância
informação contábil
mercado financeiro
title_short The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
title_full The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
title_fullStr The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
title_full_unstemmed The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
title_sort The impact of financial statements in financial market: empirical verification with the companies listed in ibrx-50.
author Araújo, Rodrigo Fonseca de
author_facet Araújo, Rodrigo Fonseca de
Penha, Roberto Silva da
author_role author
author2 Penha, Roberto Silva da
author2_role author
dc.contributor.author.fl_str_mv Araújo, Rodrigo Fonseca de
Penha, Roberto Silva da
dc.subject.por.fl_str_mv Relevance. Accounting Information. Financial Market.
relevância
informação contábil
mercado financeiro
topic Relevance. Accounting Information. Financial Market.
relevância
informação contábil
mercado financeiro
description The accounting information has shown great relevance in making investment decisionsespecially when dealing with financial market. Thus, this research aims to analyze in anempirical form whether the publication dates of the financial statements cause some influenceon price and trading volume of the shares of companies that trade on the BM&FBOVESPA.Was used IBrX-50 to compose the sample, the analysis occurred with the financial statementsfor the first quarter of 2012. Mapped to the prices and trading volume around theannouncement date, that is, one week before and one week after. Therefore was usedstatistical tools to provide the result. It was made a multiple regression analysis of the dataanalysis of variance and correlation coefficient to find the answer to the problem. Given theresults, it was observed that only the dependent variable, price the share was able to bevariations explained by its accounting variables and the number of days elapsed from the dateof publication. The variable trading volume has not obtained a result with significance levelenough that the independent variables predicting the variations were.
publishDate 2014
dc.date.none.fl_str_mv 2014-07-30
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://revistahermes.com.br/index.php/hermes1/article/view/109
10.21710/rch.v11i0.109
url https://revistahermes.com.br/index.php/hermes1/article/view/109
identifier_str_mv 10.21710/rch.v11i0.109
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistahermes.com.br/index.php/hermes1/article/view/109/pdf
dc.rights.driver.fl_str_mv Copyright (c) 2014 Rodrigo Fonseca de Araújo, Roberto Silva da Penha
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2014 Rodrigo Fonseca de Araújo, Roberto Silva da Penha
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Fernando de Almeida Santos
publisher.none.fl_str_mv Fernando de Almeida Santos
dc.source.none.fl_str_mv Revista Científica Hermes; v. 11 (2014): julho a dezembro
Revista Cientí­fica Hermes ; Vol. 11 (2014): julho a dezembro
Revista Científica Hermes ; Vol. 11 (2014): julho a dezembro
2175-0556
10.21710/rch.v11i0
reponame:Revista Científica Hermes
instname:Instituto Paulista de Ensino (FIPEN)
instacron:FIPEN
instname_str Instituto Paulista de Ensino (FIPEN)
instacron_str FIPEN
institution FIPEN
reponame_str Revista Científica Hermes
collection Revista Científica Hermes
repository.name.fl_str_mv Revista Científica Hermes - Instituto Paulista de Ensino (FIPEN)
repository.mail.fl_str_mv ||hermes@fipen.edu.br
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