Factors determining economic-financial and market performance

an analysis of B3’S electric sector companies in the context of the covid-19 pandemic

Authors

DOI:

https://doi.org/10.12662/2359-618xregea.v14i2.p210-225.2025

Keywords:

determining factors, economic-financial performance, market performance, Brazilian electric sector, covid-19

Abstract

The aim of the research was to investigate the determining factors of economic-financial and market performance of companies in the electric sector listed on B3 in the context of the covid-19 pandemic. Therefore, the study was classified as descriptive, documentary, and quantitative. The sample consists of 45 companies from the sector, covering the period from 2018 to 2022 (225 observations). The data was collected from the Economatica® database, extracted from the financial statements, and processed using Stata software. After analyzing the descriptive statistics and multiple linear regression, it was found that the explanatory variables that positively and statistically influence economic performance are an investment in R&D, participation in NDGC, female presence on the board of directors, Big Four auditing, and size. In the financial scope, R&D, NDGC, and size stand out. For the market, there were no favorable or significant results influencing the predictor variables of corporate structure and ownership concentration.

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Author Biographies

Thays Tamella da Mota Gomes, Universidade Federal do Ceará

Graduada em Ciências Contábeis pela Universidade Federal do Ceará (UFC). MBA em Controladoria e Finanças pela Universidade de Fortaleza (UNIFOR). Fortaleza - CE - BR.

Antonio Rodrigues Albuquerque Filho, Universidade Estadual Vale do Acaraú - UVA

Doutor e Mestre em Administração e Controladoria – PPAC (UFC). Especialista em Controladoria e Auditoria contábil (UVA-Sobral). Graduação em Ciências Contábeis (UVA-Sobral) e em Ciências Econômicas (UFC- Sobral). Professor Assistente da Universidade Estadual Vale do Acaraú (UVA) e professor Auxiliar II do Centro Universitário Estácio do Ceará (FIC) no curso de Ciências contábeis. Sobral - CE - BR. 

Alessandra Carvalho de Vasconcelos

Doutora em Engenharia de Produção. Professora no curso de Graduação em Ciências Contábeis e no Programa de Pós-Graduação em Administração e Controladoria Acadêmico e Profissional da UFC. Fortaleza - CE - BR.

Published

2025-05-26

How to Cite

GOMES, Thays Tamella da Mota; ALBUQUERQUE FILHO, Antonio Rodrigues; VASCONCELOS, Alessandra Carvalho de. Factors determining economic-financial and market performance: an analysis of B3’S electric sector companies in the context of the covid-19 pandemic. Journal Of Management Analysis, Fortaleza, v. 14, n. 2, p. 210–225, 2025. DOI: 10.12662/2359-618xregea.v14i2.p210-225.2025. Disponível em: https://periodicos.unichristus.edu.br/gestao/article/view/5583. Acesso em: 30 may. 2025.

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