Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020

Detalhes bibliográficos
Autor(a) principal: Lopes, Alex Oliveira
Data de Publicação: 2021
Outros Autores: Viegas, Thales de Oliveira Costa, Conte Filho, Carlos Gilbert, Carvalho, Vinicius Spirandelli
Tipo de documento: Artigo
Idioma: por
Título da fonte: Research, Society and Development
Texto Completo: https://rsdjournal.org/index.php/rsd/article/view/16294
Resumo: This paper aims to analyze the influence (negative or positive) of macro and microeconomic variables on Petrobras stock price for 12 years, between 2009 and 2020. The methods employed were: i) Pearson's correlation and; ii) Ordinary Least Squares (OLS). The literature review was helpful to understand the qualitative aspects. The main results obtained from both methodologies pointed out that Petrobras' Stock prices were affected by Brent oil price, Ibovespa index, and Production level. These variables were statistically significant in the OLS to explain the fluctuations in the PETR4 share price. Finally, it is worth mentioning that political factors, governance failures (and acts of corruption), Fuel Price Policy, the Political Scenario, and the company's Financial Indicators can also considerably influence the price of PETR4.
id UNIFEI_f24522c490f753b55017ad577d011485
oai_identifier_str oai:ojs.pkp.sfu.ca:article/16294
network_acronym_str UNIFEI
network_name_str Research, Society and Development
repository_id_str
spelling Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020Factores que influyeron en el Precio de las Acciones de Petrobras (PETR4) entre 2009 y 2020Fatores que influenciaram os Preços da Ação da Petrobras (PETR4) entre 2009 e 2020PetrobrasPETR4CorrelaciónMCO.PetrobrasPETR4CorrelationOLS.PetrobrasPETR4CorrelaçãoMQO.This paper aims to analyze the influence (negative or positive) of macro and microeconomic variables on Petrobras stock price for 12 years, between 2009 and 2020. The methods employed were: i) Pearson's correlation and; ii) Ordinary Least Squares (OLS). The literature review was helpful to understand the qualitative aspects. The main results obtained from both methodologies pointed out that Petrobras' Stock prices were affected by Brent oil price, Ibovespa index, and Production level. These variables were statistically significant in the OLS to explain the fluctuations in the PETR4 share price. Finally, it is worth mentioning that political factors, governance failures (and acts of corruption), Fuel Price Policy, the Political Scenario, and the company's Financial Indicators can also considerably influence the price of PETR4.El objetivo de este estudio fue analizar la influencia (negativa o positiva) de variables macro y microeconómicas en el precio de las acciones de Petrobras, para el período de 12 años, entre el año 2009 y el año 2020. Los métodos empleados fueron: i) Correlación de Pearson y; ii) Mínimos cuadrados ordinarios (MCO). Los factores cualitativos se analizaron a partir de una revisión de la literatura. Los principales resultados, obtenidos de las metodologías empleadas, señalaron que el precio de la acción de Petrobras és afectado, principalmente, por factores como: precio del petróleo Brent, índice Ibovespa y el Nivel de producción. Estas variables resultaron estadísticamente significativas, en el MCO, para explicar las fluctuaciones en el precio de la acción PETR4. Finalmente, cabe señalar, además, que los indicadores financieros de la empresa, así como los escenarios e interferencias políticas, se manifiestan, por ejemplo, en la política de precios de los combustibles o en actos de corrupción (que se presentan como fallas de gobernabilidad) en la empresa, pueden influir considerablemente en el comportamiento del precio de PETR4.Este trabalho objetivou analisar a influência (negativa ou positiva) de variáveis macro e microeconômicas no preço das ações da Petrobras, pelo período de 12 anos, entre o ano de 2009 e o ano de 2020. Os métodos empregados foram: i) correlação de Pearson e; ii) Mínimos Quadrados Ordinários (MQO). Os fatores de natureza qualitativa foram analisados com base numa revisão de literatura. Os principais resultados, obtidos a partir das metodologias empregadas, apontaram que a ação da Petrobras tem o seu preço afetado, principalmente, por fatores como: preço do petróleo Brent, índice Ibovespa e nível de Produção. Estas variáveis foram estatisticamente significantes, no MQO, para explicar as oscilações do preço da ação PETR4. Por fim, vale ressaltar, ademais, que os Indicadores financeiros da empresa, bem como os cenários e as interferências políticas, manifestas, por exemplo, na política de preço dos combustíveis ou em atos de corrupção (que se apresentam como falhas de governança) no âmbito da empresa, podem influenciar, consideravelmente, o comportamento do preço da PETR4.Research, Society and Development2021-06-16info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/1629410.33448/rsd-v10i7.16294Research, Society and Development; Vol. 10 No. 7; e13410716294Research, Society and Development; Vol. 10 Núm. 7; e13410716294Research, Society and Development; v. 10 n. 7; e134107162942525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/16294/14611Copyright (c) 2021 Alex Oliveira Lopes; Thales de Oliveira Costa Viegas; Carlos Gilbert Conte Filho; Vinicius Spirandelli Carvalhohttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessLopes, Alex Oliveira Viegas, Thales de Oliveira CostaConte Filho, Carlos GilbertCarvalho, Vinicius Spirandelli2021-07-18T21:07:03Zoai:ojs.pkp.sfu.ca:article/16294Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:36:53.080364Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false
dc.title.none.fl_str_mv Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
Factores que influyeron en el Precio de las Acciones de Petrobras (PETR4) entre 2009 y 2020
Fatores que influenciaram os Preços da Ação da Petrobras (PETR4) entre 2009 e 2020
title Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
spellingShingle Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
Lopes, Alex Oliveira
Petrobras
PETR4
Correlación
MCO.
Petrobras
PETR4
Correlation
OLS.
Petrobras
PETR4
Correlação
MQO.
title_short Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
title_full Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
title_fullStr Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
title_full_unstemmed Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
title_sort Factors influencing Petrobras Stock Prices (PETR4) between 2009 and 2020
author Lopes, Alex Oliveira
author_facet Lopes, Alex Oliveira
Viegas, Thales de Oliveira Costa
Conte Filho, Carlos Gilbert
Carvalho, Vinicius Spirandelli
author_role author
author2 Viegas, Thales de Oliveira Costa
Conte Filho, Carlos Gilbert
Carvalho, Vinicius Spirandelli
author2_role author
author
author
dc.contributor.author.fl_str_mv Lopes, Alex Oliveira
Viegas, Thales de Oliveira Costa
Conte Filho, Carlos Gilbert
Carvalho, Vinicius Spirandelli
dc.subject.por.fl_str_mv Petrobras
PETR4
Correlación
MCO.
Petrobras
PETR4
Correlation
OLS.
Petrobras
PETR4
Correlação
MQO.
topic Petrobras
PETR4
Correlación
MCO.
Petrobras
PETR4
Correlation
OLS.
Petrobras
PETR4
Correlação
MQO.
description This paper aims to analyze the influence (negative or positive) of macro and microeconomic variables on Petrobras stock price for 12 years, between 2009 and 2020. The methods employed were: i) Pearson's correlation and; ii) Ordinary Least Squares (OLS). The literature review was helpful to understand the qualitative aspects. The main results obtained from both methodologies pointed out that Petrobras' Stock prices were affected by Brent oil price, Ibovespa index, and Production level. These variables were statistically significant in the OLS to explain the fluctuations in the PETR4 share price. Finally, it is worth mentioning that political factors, governance failures (and acts of corruption), Fuel Price Policy, the Political Scenario, and the company's Financial Indicators can also considerably influence the price of PETR4.
publishDate 2021
dc.date.none.fl_str_mv 2021-06-16
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://rsdjournal.org/index.php/rsd/article/view/16294
10.33448/rsd-v10i7.16294
url https://rsdjournal.org/index.php/rsd/article/view/16294
identifier_str_mv 10.33448/rsd-v10i7.16294
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/16294/14611
dc.rights.driver.fl_str_mv https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv 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 Research, Society and Development
publisher.none.fl_str_mv Research, Society and Development
dc.source.none.fl_str_mv Research, Society and Development; Vol. 10 No. 7; e13410716294
Research, Society and Development; Vol. 10 Núm. 7; e13410716294
Research, Society and Development; v. 10 n. 7; e13410716294
2525-3409
reponame:Research, Society and Development
instname:Universidade Federal de Itajubá (UNIFEI)
instacron:UNIFEI
instname_str Universidade Federal de Itajubá (UNIFEI)
instacron_str UNIFEI
institution UNIFEI
reponame_str Research, Society and Development
collection Research, Society and Development
repository.name.fl_str_mv Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)
repository.mail.fl_str_mv rsd.articles@gmail.com
_version_ 1797052750232551424

Registros relacionados