Comparative analysis of the economic and financial indicators applied to the manufacturing industries listed on the BOVESPA

Authors

DOI:

https://doi.org/10.5965/2764747105092016017

Keywords:

financial economic indicators, operating cycle, factor analysis, manufacturing industry, operating leverage

Abstract

The present research aimed to identify which economic-financial indices are most important for monitoring the managers of the Manufacturing Industry sector and, consequently, their relevance to their segments. For that, the factor analysis technique was used in the indicators extracted from the financial statements, which are sources of measurement of the companies' economic-financial performance. Twenty-four indices were selected, collected through the Economática® database, of companies with shares traded on BOVESPA in the period from 2004 to 2008. The results of the factor analysis showed that the relevant indices for the manufacturing sector are grouped into seven factors with power explanation of 77% of the data variability. The research also showed that there are no significant differences between the measurement characteristics of the indexes of the Manufacturing Industry sector and its specific segments.

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Author Biographies

Luiz Cláudio Louzada, Federal University of Minas Gerais, UFMG, Brazil.

PhD in Business Administration from the Minas Gerais Federal University, UFMG, Brazil.

Has a Master’s degree in Accounting Sciences with emphasis in Finance from FUCAPE, FUCAPE, Brazil.

Specialist in Managerial Accounting from the Rio Grande do Norte Federal University, UFRN, Brazil.

Graduated in Accounting Sciences at the Espírito Santo Federal University, UFES, Brazil.

Professor at the Espírito Santo Federal University, UFES, Brazil.

Jean Pierre David de Oliveira, Federal University of Espírito Santo, UFES, Brazil.

Graduated in Statistics at the Espírito Santo Federal University, UFES, Brazil.

Executive MBA in Controllership and Finance from FUCAPE, FUCAPE, Brazil.

Specialist in Corporate Finance, M&A, and Equity from the Pontifical Catholic University of Rio Grande do Sul, PUCRS, Brazil.

Has a Master’s degree in Accounting and Finance from the Espírito Santo Federal University, UFES, Brazil.

Antonio Fernando Pêgo e Silva, Federal University of Espírito Santo, UFES, Brazil.

PhD in Civil Engineering from the Pontifical Catholic University of Rio de Janeiro, PUC-Rio, Brazil.

Has a Master’s degree in Applied Mathematics from the National Institute of Pure and Applied Mathematics, IMPA, Brazil.

Professor at the Espírito Santo Federal University, UFES, Brazil.

Marcio Augusto Gonçalves, Federal University of Minas Gerais, UFMG, Brazil.

PhD of Business Administration from the Aston University, AU, Great Britain.

Has a Master’s degree in Business Administration from the Minas Gerais Federal University, UFMG, Brazil.

Specialist in Systems Analysis from the Minas Gerais Federal University, UFMG, Brazil.

Graduated in Civil Engineering at the Kennedy Engineering School, EEK, Brazil.

Professor at the Minas Gerais Federal University, UFMG, Brazil.

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Published

2016-06-30

How to Cite

Louzada, L. C., Oliveira, J. P. D. de, Silva, A. F. P. e, & Gonçalves, M. A. (2016). Comparative analysis of the economic and financial indicators applied to the manufacturing industries listed on the BOVESPA. Revista Brasileira De Contabilidade E Gestão, 5(9), 017–036. https://doi.org/10.5965/2764747105092016017

Issue

Vol. 5 No. 9 (2016)

Section

Articles

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Copyright (c) 2016 Luiz Claudio Louzada, Jean Pierre David Oliveira, Antonio Fernando Pego da Silva, Marcio Augusto Gonçalves

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