Internationalization Impact the Short-Term Indicators? A Study on Brazilian Companies

• Main Authors: Luciano Pinheiro de Sá, Josir Simeone Gomes, Jadilson Borges Moreira
• Format: Article
• Language: Spanish
• Published: Pontificia Universidad Católica del Perú 2018-08-01
• Series: Contabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas
• Subjects: performance financeira; internacionalização; contabilidade gerencial
• Online Access: http://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/20168

Internationalization Impact the Short-Term Indicators? A Study on Brazilian Companies The proposal of this article investigates the relationship between the degree of internationalization of Brazilian companies and the financial performance indicators. Regarding the method, the study used quantitative bases with hypotheses developed, tested and analyzed in two regression models. The final sample results in data from 72 Brazilian companies. The source is from two separate secondary sources. The index of internationalization, based on the Ranking of Brazilian multinationals published annually by Fundação Dom Cabral (Brazil). The financial information comes from the Economatica © database. The period of analysis comprises the interval from 2011 to 2015. The first regression model subsidizes the analyzes from the variations of the indicators between two fiscal years. The second model relates the indicators within the same fiscal year. The results indicated the lack of association between the degree of internationalization and the indicators of short-term financial performance in Brazilian companies that have their level of internationalization published annually by specific methodology of the Dom Cabral Foundation, providing contributions to the society that needs this information roll. The main restriction of the work was the number of companies in the sample.