Abstract

GUSE, JAQUELINE CARLA; LEITE, MAURÍCIO  and  DA SILVA, TARCÍSIO PEDRO. FINANCIAL IMPACT RELATED TO THE RETURN OF SHARES IN LATIN AMERICAN COMPANIES. Rev.fac.cienc.econ. [online]. 2016, vol.24, n.2, pp.47-61. ISSN 0121-6805.  https://doi.org/10.18359/rfce.2212.

Studying falls in equity markets has been a popular topic of research in finance. However, studies have focused on the causes, movements and volatility in stock markets, during and after falls. The characteristics of the shares may explain the impact on the stock market on the performance of individual stocks. Therefore, the aim of this paper is to analyze the financial impact on the income from shares of companies in Latin America. For this purpose data was used to show further shares' period declines (between December 2007 and December 2012). A descriptive research with a quantitative approach, and documentary research was conducted. For data analysis multiple regression was used. The results show that there are many factors that influence falls in stock markets, and that stock returns vary in each period and for each country. For Mexican companies it was found that stock returns are related to the beta of the action, the ROE per share, book value per share and cash flow. For Argentine companies, yields are relational with the beta of the population, the size of the company, its debts and sales. For Brazilian companies, only sales variables per share and the beta of the actions show to have influence on the profitability of the shares. Therefore, it cannot generalize the reasons causing falls.

Keywords : Stock market; Shares; Latin American companies.

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