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Performance of the Electrical Energy Index in the Light of Institutional Changes in the Brazilian Electricity Sector

Author

Listed:
  • Caio Corr a Costa

    (Business School, Federal University of Santa Catarina UFSC, Florianopolis, Brazil,)

  • Andr Lu s Da Silva Leite

    (Business School, Federal University of Santa Catarina UFSC, Florianopolis, Brazil)

  • Nivalde Jos De Castro

    (Federal University of Rio de Janeiro UFRJ, Rio de Janeiro, Brazil.)

Abstract

This study aims to analyze the performance of the Electrical Energy Index in the perspective of Institutional Changes in Brazilian Electricity Sector. The research focused its efforts in analyze the impact of Provisional Measure No. 579 of September 11, 2012 (converted into Law No. 12783 / 2013) on the stocks of the Electric Power Sector, represented here by the respective sector index in BM&FBOVESPA. The research results reveal that from the release of Provisional Measure No. 579 by the end of the observed time interval (April 2015), the Electrical Energy Index didn't recovered from the reversal trend caused by this measure, which once was a growth trend but instantly became a stagnation / decay trend.

Suggested Citation

  • Caio Corr a Costa & Andr Lu s Da Silva Leite & Nivalde Jos De Castro, 2018. "Performance of the Electrical Energy Index in the Light of Institutional Changes in the Brazilian Electricity Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 209-215.
    • Handle: RePEc:eco:journ2:2018-03-27
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    More about this item

    Keywords

    Brazilian Electricity Sector. Capital Markets. Electrical Energy Index. Laws and Regulations. Provisional Measure No. 579/2012.;

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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