O financiamento do capital de giro e o impacto na lucratividade e rentabilidade das empresas: uma abordagem com base no modelo dinâmico

Detalhes bibliográficos
Ano de defesa: 2017
Autor(a) principal: Gurgel, Adriana Diniz
Orientador(a): Securato, José Roberto
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: por
Instituição de defesa: Pontifícia Universidade Católica de São Paulo
Programa de Pós-Graduação: Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais
Departamento: Faculdade de Economia, Administração, Contábeis e Atuariais
País: Brasil
Palavras-chave em Português:
Palavras-chave em Inglês:
Área do conhecimento CNPq:
Link de acesso: https://tede2.pucsp.br/handle/handle/20651
Resumo: The main purpose of the financial statements is to provide information on the company's financial and equity situation in a given period, supporting managers, shareholders and advisors to make decisions that guarantee the company's valuation and its perpetuity. However, new analysis and methodologies have been emerging, especially with the advent of standard statements based on the International Accounting Standard (IAS), providing reliability and quality for researching. This study aims to analyze how companies listed on the B3 financed the working capital and identify the impacts generated on company´s profitability and gains between 2010 and 2016. The dynamic model also known as the Fleuriet’s Model, proposes a different view of analysis of these statements, mainly by using a new type of accounting groups for working capital. This model improved the quality of analysis regarding the financing of working capital, the liquidity situation of companies and the possibility to identify financial risks. The research also identified the scissors effect, which is a characteristic situation of companies facing financial risks. Through statistic and econometric models, it was identified the interference of working capital in the profitability and gains of these companies. The sectorial analysis demonstrated how companies reacted differently regarding the investment in working capital within the period