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Artículos

Vol. 18 No. 58 (2023)

The indicators of risk and generation of wealth with the return per share

DOI:
https://doi.org/10.29201/eseconomia.v18i58.10
Submitted
May 1, 2024
Published
May 2, 2024

Abstract

The objective of the investigation was to determine the relationship of the EVA, the WACC and the VAR with the performance per share of the companies of the companies of the industrial sector that are listed in the Index of Prices and Quotations. For which, the EVA, WACC, VAR and yield per share were estimated for the eight companies in the industrial sector that belong to the Price and Quotation Index for the period from February 2005 to February 2021. In this way, Two panel data models were made to analyze the relationship, one with fixed effects and the other with random effects, where the independent variables are EVA, WACC and VAR and the dependent one is return per share. The results indicate that the EVA and the VAR do not impact the return per share; but, the WACC does affect. In this way, it is concluded that the quantitative indicators of financial and risk analysis do not affect the return per share.

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