THE IMPACT OF THE PANDEMIC AND TEMPERATURE ON THE COMPANY'S PROFITABILITY: EVIDENCE FROM THE ELECTRIC ENERGY SECTOR IN BRAZIL

Authors

DOI:

https://doi.org/10.12662/2359-618xregea.v11i1.p80-97.2022

Keywords:

pandemic, temperature, profitability, energy, regression

Abstract

The purpose of this article is to analyze the effect of pandemics and temperature on the profitability of companies, in a comparison of the energy sector in Brazil, versus companies in general. The analysis period was from 2011 to 2020, using profitability indicators as dependent variables of a multiple linear regression with panel data. The results show that the temperature variable has a positive relationship with ROE in the energy sector. Macroeconomic data were also used as control variables, GDP, IPCA, and Selic, and it was found that IPCA has a negative relationship with profitability variables, while the price of electricity has a positive relationship with the profitability of companies in the sector. The pandemic variable was significant for two of the models used, so that for the energy sector the relationship was positive and for the sectors in general, negative.

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Author Biographies

Arthur Antonio Silva Rosa, Universidade Federal de Uberlândia (UFU)

Doutorando em Administração, com ênfase em Finanças, pelo PPGAdm da Faculdade de Gestão e Negócios (FAGEN) da Universidade Federal de Uberlândia (UFU). Mestre em Administração, com ênfase em Finanças (FAGEN/UFU). Graduado em Administração (FAGEN/UFU). Possui interesse de pesquisas nas temáticas relacionadas à Finanças Corporativas e Mercado de Capitais.

Jeanluca Fonseca Meneses, Universidade Federal de Uberlândia (UFU)

Mestre em Adminstração pela Universidade Federal de Uberlândia na linha de finanças (2022). Pós-graduado em Gestão Financeira e Controladoria pela UFG, (2019). Bacharel em Ciências Contábeis pelo CESUC - Centro de Ensino Superior de Catalão, (2014). Possui experiência acadêmica como professor na Universidade Federal de Goiás no curso de Administração - disciplina de Controladoria. Atualmente é especialista contábil na empresa CARGILL em Uberlândia - MG. Além disto, têm experiência de 12 anos no setor de controladoria, dos quais nesses anos atuou como analista de controladoria na empresa automotiva Mitsubishi Motors e Suzuki Motors, e na empresa John Deere como Senior em controladoria. Na trajetória profissional, destacam-se atividades com foco em Pesquisa e Desenvolvimento (P&D); Projetos de cunho Governamental, atendimento de auditorias, automatização de processos, dashboards, KPIs e relatórios financeiros, elaboração e controle de budget actual and forecast, capex and opex, projetos de redução de custos.

Luciano Ferreira Carvalho, Universidade Federal de Uberlândia (UFU)

Tem Pós-Doutorado em Economia pelo Instituto de Economia da Universidade Federal de Uberlândia (2017). Doutor em economia pelo Instituto de Economia da Universidade Federal de Uberlândia (2014). Possui mestrado em administração pela Faculdade de Gestão e Negócios da Universidade Federal de Uberlândia - linha de pesquisa Finanças (2008). Graduação em Administração com enfase em Finanças pela Faculdade Politécnica de Uberlândia (2005). É professor de finanças da Faculdade de Gestão e Negócios da Universidade Federal de Uberlândia (FAGEN-UFU). Atua principalmente com os seguintes temas: Finanças Internacionais; Mercado de capitais, Finanças corporativas, Governança Corporativa e Econometria.

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Published

2022-03-11

How to Cite

ROSA, Arthur Antonio Silva; MENESES, Jeanluca Fonseca; CARVALHO, Luciano Ferreira. THE IMPACT OF THE PANDEMIC AND TEMPERATURE ON THE COMPANY’S PROFITABILITY: EVIDENCE FROM THE ELECTRIC ENERGY SECTOR IN BRAZIL. Journal Of Management Analysis, Fortaleza, v. 11, n. 1, p. 80–97, 2022. DOI: 10.12662/2359-618xregea.v11i1.p80-97.2022. Disponível em: https://periodicos.unichristus.edu.br/gestao/article/view/4189. Acesso em: 22 dec. 2024.

Issue

Vol. 11 No. 1 (2022)

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ARTICLES

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