Governança Corporativa - uma análise sobre os índices de rentabilidade dentro dos níveis de governança corporativa das estatais brasileiras

Abstract

The present work will have as its main objective to analyze the profitability of Brazilian state-owned companies between three different levels of corporate governance in the period from 2016 to 2018. variables: EBITDA, EBITDA Margin, ROE and ROA. Having as a source of data the financial statements of the companies for the years 2016 to 2018, available on the B3 website. The analysis of profitability ratios showed that even if the company has a high EBITDA, its profitability and efficiency may not be as high. It also showed that of the levels, level 1, despite presenting a lower EBTIDA, the EBITDA Margin shows that companies at this level present a better performance in their operations.