标题：ANALYSIS OF BM&FBOVESPA INVESTORS´ EXPECTATIONS AND ITS RELATION TO THE ECONOMIC PERFORMANCE - COMPANIES´ EVA®: EMPIRICAL RELATIONSHIP AND RESEARCH AGENDA.
期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2013
卷号：3
期号：04
页码：19-33
出版社：Society for Business Research Promotion
摘要：This study analyzes the relationship between EVA® (Economic Valued Added) economic performance and share return (investor´s expectations). According to the logic of finance, a positive relation between the discounted repilca handbags variables is expected. Then, the following research question comes up: Is there a relationship between the investors´ expectations and the EVA® of the non-financial companies listed in the IBrX-50 index of BM&FBOVESPA? The variables were calculated by louis vuitton bags the data collected in Economatica®. Share return represents the division between the share value in t1 divided by the share value in t0 minus 1 and multiplied by 100. As a proxy for economic performance, the EVA® calculated by the methodology contained in Assaf Neto (2003) was used. The results were statistically discussed in mean, variance, correlation and simple linear regression tests between the two metrics. These results indicate the presence of relation in only one company, and it is negative. This result is far from the logic of finance. However, there are limitations which can alter the numbers. The proxy can create distortions. Therefore, new studies with other measures of economic performance, periods and 642-874 dumps companies, determined in a research agenda are suggested. Full Text
