Resumo
Este trabalho tem como objetivo verificar a relação entre os indicadores macroeconômicos com o Retorno de Ações (SR) em empresas públicas do setor de finanças e seguros da América Latina. Os dados foram analisados de 2010 a 2017 por meio de análise dinâmica de painéis via Método Generalizado de Momentos (GMM) por duas abordagens: Arellano-Bond e System. Os resultados apontaram que o Retorno das Ações apresentou uma relação positiva com a Taxa de Câmbio, mas uma relação negativa com o Produto Interno Bruto. Conclui-se que as variáveis macroeconômicas interferem no retorno aos acionistas das empresas do setor de Finanças e Seguros.
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