Análise da relação entre investimentos do mercado de capitais e variáveis socioeconômicas

Abstract

Understanding the relationships between investments in fixed income and variable income in the Brazilian capital market and macroeconomic variables is relevant for the parties involved. With this focus, this study aimed to analyze the relationships between fixed income and variable income assets in the Brazilian capital market and the variables Selic interest rate, exchange rate, and the occurrence of the Covid-19 pandemic, from 2017 to 2023. The applied research techniques were quantitative, descriptive, and documentary, using Spearman correlation for the analysis of correlation between variables. The main results showed that the exchange rate was significantly and positively associated with the greater number of fixed income and variable income assets. On the other hand, the Selic interest rate showed significant and inverse associations with variable income assets. The occurrence of the COVID-19 pandemic presented significant and direct associations with the volume invested in Investment Funds in Receivables and the exchange rate. As a theoretical contribution, this research supports the literature on the relationships between the Selic interest rate, exchange rate, and volumes invested in fixed income and variable income in the capital market. As a practical contribution, the evidenced results can be used as an analysis parameter for decision-making on where and when to invest in the presence of scenarios with changes in interest and exchange rates.