Palabras clave
devolución de stock
ingresos netos
ingreso integral
Otros ingresos integrales
Cómo citar
Resumen
Este artículo utiliza el modelo de Ohlson para analizar si existe una relevancia del valor de mercado y el rendimiento de las acciones sobre la información del Ingreso Neto (NI), Otros Ingresos Comprensivos (OCI) y el Ingreso Integral (IC) de empresas brasileñas cotizadas en la BM&FBOVESPA. Para maximizar la solidez de los resultados, incluimos las siguientes variables de control para cada uno de los modelos: Patrimonio por acción, Tamaño, Industria, EBITDA por acción, Ingresos por acción y Liquidez. Estas variables de control fueron especialmente significativas para los tres modelos relacionados con la rentabilidad de las acciones, excepto la de industria y la liquidez. Obtuvimos significación estadística de nuestras variables esenciales (IN, OCI e IC) en cinco de los seis modelos de regresión con análisis de datos en panel con efectos fijos y errores estándar robustos. Sin embargo, solo las variables NI y CI fueron consideradas como relevantes en la dirección esperada. Esto permite afirmar que dichas variables ofrecen una contribución positiva en la explicación del valor de la compañía.
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Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
Derechos de autor 2020 Cassiana Bortoli , Alcido Manuel Juaniha , Jorge Eduardo Scarpin, Nayane Thais Krespi Musial, Claudio Marcelo Edwards Barros