Trabalho de Conclusão de Curso de Graduação
Desempenho econômico-financeiro das empresas participantes do IBrX 50: uma análise dos efeitos da pandemia de Covid-19
Fecha
2023-06-21Registro en:
OLIVEIRA, C. S. de; NOAL, P. A. T. Desempenho econômico-financeiro das empresas participantes do IBrX 50: uma análise dos efeitos da pandemia de Covid-19. 2023. 80 p. Trabalho de Conclusão de Curso (Graduação em Ciências Contábeis)- Universidade Federal de Santa Maria, Santa Maria, RS, 2023.
Autor
Oliveira, Carrion Silva de
Noal, Pedro Augusto Teixeira
Institución
Resumen
This study aimed to comparatively analyze the economic-financial performance of the
companies participating in the Brasil 50 Index (IBrX 50) in the period before and during the
Covid-19 pandemic. For that, a descriptive, documental research with a quantitative approach
was carried out. To carry out the study, indicators of liquidity, capital structure, profitability
and profitability were selected in 37 companies participating in the IBrX 50 of Brasil, Bolsa,
Balcão (B3), between the years 2017 to 2022. For the analysis of the results, the multi-criteria
method Multi-Objective Optimization on the basis of Ratio Analysis (MOORA) was applied to
prepare the rankings of economic-financial performance based on indicators of liquidity, capital
structure, profitability and profitability. Finally, the Kendall Correlation was operationalized
using the statistical software Statistical Package for the Social Science (SPSS®), to identify
whether there is a correlation between the economic-financial performance rankings in the pre-
pandemic period and during the pandemic in companies analyzed. The results revealed that the
IBrX 50 companies see the difficulties arising from the pandemic. In addition, they sought to
increase their liquidity, which led to an increase in indebtedness, mainly in the long term. After
the start of the pandemic, some companies showed a drop in revenue, reflected in their
profitability and profitability indices, but other companies managed to maintain growth,
indicating that some sectors felt the effects of the Covid-19 pandemic more than others. These
findings corroborate the results of Kendall's correlation, as it did not show statistical
significance at the 5% level, which reveals that the positions occupied by companies in the
rankings in the pre-pandemic period are not directly related to the period during the pandemic.
In general, the results indicated that some companies were able to stand out in the analyzed
period, while others suffered more with the crisis. Thus, it is concluded that the uncertainty
caused by the Covid-19 pandemic can expose the companies in the sample to adverse economic
and financial consequences. As contributions, it is highlighted that the results of this research
can serve as a guide for companies to determine the ideal economic-financial structure for
unexpected events, as is the case of the Covid-19 pandemic. In addition, it provides useful
company-level information on how managers can deal with possible financial difficulties
created by the analyzed pandemic. The findings of this study also contribute by providing
evidence to defend the crucial role of the government in minimizing the consequences of the
Covid-19 pandemic and in maintaining the business sectors during the crisis.