INFLUÊNCIA DE VARIÁVEIS MACROECONÔMICAS NO PREÇO DAS AÇÕES DO SETOR FINANCEIRO DA B3

Abstract

(PIB) dependente, pressupondo quando produção riqueza aumento no preço setor B3. ABSTRACT This study aimed to analyze the influence of macroeconomic variables on the behavior of stock prices of companies in the financial sector on the Brazilian stock exchange (B3 – Brazil, Exchange, Counter) in the period between 2011 and 2020. The model of linear regression with panel data in order to verify the relationship between the independent variables and the dependent variable. From the regression model coefficients, it is suggested that there is a negative relationship between the independent variable Selic Interest Rate and the dependent variable, which suggests that an increase in the basic interest rate will impact a reduction in stock prices of the financial sector. The study also suggests that there is a positive relationship between the independent variable Gross Domestic Product (GDP) and the dependent variable, assuming that when there is an increase in the country's wealth production there is also an increase in the price of shares in the financial sector of B3.