A influência dos indicadores contábeis no preço das ações das empresas do setor de energia elétrica

Abstract

The objective of this research is to verify the influence of the accounting indicators (ROE), Asset Profitability (ROA), Dry Liquidity (LS), General Liquidity (LG), Third Party Equity Interest on Total Resources (PCTRT), (TCP) and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)) in the share price of companies in the electricity sector. The research is characterized as descriptive, documentary and quantitative approach performed through correlation analysis. The sample is made up of seven companies from the electricity sector with data analyzed from 2013 to 2017. The results show that of the analyzed indicators only EBITDA shows a significant correlation in most of the companies, being in four companies’ high positive correlation and two with mean positive correlation. The Profitability Indicators have the smallest influence, with only one of the seven companies analyzed with high positive correlation for both ROE and ROA indicators.