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

Caio Corr a Costa, Andr Lu s Da Silva Leite and Nivalde Jos De Castro
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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.

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 3, 209-215

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.

Keywords: Brazilian; Electricity; Sector.; Capital; Markets.; Electrical; Energy; Index.; Laws; and; Regulations.; Provisional; Measure; No.; 579/2012. (search for similar items in EconPapers)
JEL-codes: G38 K23 L51 Q40 Q48 (search for similar items in EconPapers)
Date: 2018
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