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Advisor(s)
Abstract(s)
O objetivo principal dessa pesquisa foi realizar um estudo da gestão financeira das
empresas do sector de construção por meio da análise de indicadores económico-financeiros,
no período de 2010 a 2019. Para isso, foram analisadas 19 empresas cotadas na bolsa de
valores brasileira B3, do segmento de Incorporações. O estudo avaliou índices de atividade,
de estrutura de capital, de liquidez e de rentabilidade, os quais foram utilizados em pesquisas
anteriores sobre o tema. Para o cálculo dos indicadores, foram utilizados dados presentes nos
Balanços Patrimoniais, Demonstrações de Resultado do Exercício e Demonstrações de
Fluxos de Caixa das empresas da amostra. A pesquisa foi enquadrada como descritiva,
quantitativa e documental. Os resultados mostraram que houve variações nos indicadores ao
longo do período, sendo que a partir da metade do período, as empresas apresentaram maior
endividamento e menor lucratividade. Pode-se concluir que esses resultados foram reflexos
da crise económica vivida pelo país entre 2014 e 2015. Diante dos dados apresentados, foi
possível verificar que um número significativo de empresas teve um desempenho financeiro
no período de análise muito inferior ao da média da amostra.
The main objective of this research was to carry out a study of the financial management of companies pertaining to the construction sector through the analysis of economic and financial indicators, in the period from 2010 to 2019. For this, 19 companies listed on the Brazilian stock exchange B3, in the Development segment, were analyzed. The study evaluated activity, capital structure, liquidity and profitability indices, which were used in previous research on the topic. To calculate the indicators, data from the Balance Sheets, Statements of Income and Cash Flow Statements of the companies in the sample were used. The research was classified as descriptive, quantitative and documentary. The results showed that there were variations in the indicators over the period, and from the middle of the period, the companies had higher indebtedness and lower profitability. It can be concluded that these results were a reflection of the economic crisis experienced by the country between 2014 and 2015. The results of the study also showed that a significant number of companies had, in the period of analysis, a financial performance much lower than that of the sample average.
The main objective of this research was to carry out a study of the financial management of companies pertaining to the construction sector through the analysis of economic and financial indicators, in the period from 2010 to 2019. For this, 19 companies listed on the Brazilian stock exchange B3, in the Development segment, were analyzed. The study evaluated activity, capital structure, liquidity and profitability indices, which were used in previous research on the topic. To calculate the indicators, data from the Balance Sheets, Statements of Income and Cash Flow Statements of the companies in the sample were used. The research was classified as descriptive, quantitative and documentary. The results showed that there were variations in the indicators over the period, and from the middle of the period, the companies had higher indebtedness and lower profitability. It can be concluded that these results were a reflection of the economic crisis experienced by the country between 2014 and 2015. The results of the study also showed that a significant number of companies had, in the period of analysis, a financial performance much lower than that of the sample average.
Description
Mestrado de dupla diplomação com o Centro Federal de Educação Tecnológica de Minas Gerais – CEFET-MG
Keywords
Gestão financeira Empresas de construção Indicadores económico financeiros