Economic and Financial Performance of the Brazilian Pulp and Paper Industry
Journal: International Journal of Advanced Engineering Research and Science (Vol.6, No. 7)Publication Date: 2019-07-10
Authors : Daiane Rodrigues dos Santos Pedro de Moraes Rocha Vitória Gomes da Costa Yasmin Leão Sodré Soares;
Page : 622-634
Keywords : Macroeconomic Variables; Neural Network; Paper and pulp Sector; Performance Indicator.;
Abstract
The evaluation of economic, property and financial aspects of the economy can be made through analysis of the Financial-Economic indicators that, when properly forecasted, can bring great benefits to the company and its shareholders. Over the last few years, several authors have studied the relationship between these indicators and macroeconomic variables. The objective of this paper is to determine the influence of GDP (Gross Domestic Product), Exchange Rate, SELIC Rate (Brazil's interest base rate) and inflation rate on the performance of four publicly held company of Brazilian pulp and paper sector: Fibria, Suzano Papel e Celulose, Celulose Irani and Klabin. For this analysis, two models were applied to the database, one using only the past data of the indicators themselves and another using past both data and macroeconomic variables. According to the evaluation criteria used, for the studied period, the performance of the macroeconomic variables was significant to predict the changes in the economic-financial indexes.
Other Latest Articles
- Investigating the Efficacy of Brazilian Public Policies for Ethnic-Racial issues in Higher Education: The Case of Tocantins State in ENADE 2014
- Analysis of Robust PID Control with Pre - Filter Using the Perfect ITAE Performance Criterion Applied to the Heavy - Duty Gas Turbine Fuel System
- Using the INJET System in the EPS Injection Industry
- 2D Microwave Imaging of the Breast Tissue: Forward Problem Technique
- The Deleterious Impacts of Bariatric Surgery on Oral Health: A Review Article
Last modified: 2019-08-07 14:58:41