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2023-05-23T21:16:05Z2023-05-23T21:16:05Z2020-09-152592111https://doi.org/10.24302/agora.v25i0.29190104-7507http://hdl.handle.net/1843/53852https://orcid.org/0000-0002-1880-5304https://orcid.org/0000-0001-8455-0285A indústria de calçados no mercado brasileiro é composta por 7,7 mil empresas, ocupa o terceiro lugar mundial em produção e o quarto lugar mundial como mercado consumidor. Neste contexto, esta pesquisa tem por objetivo analisar e avaliar os resultados financeiros de quatro organizações de capital aberto do ramo de calçados por meio dos balanços patrimoniais do período de 2012 a 2016 publicados no site da Comissão de Valores Mobiliários. O trabalho foi desenvolvido com base nos cálculos e análise de índices de liquidez do modelo tradicional e do modelo dinâmico. O modelo dinâmico exigiu primeiramente a reclassificação das contas do balanço patrimonial para que fossem calculados os índices base do modelo com os quais foi identificada a estrutura que representa o nível de risco financeiro de cada organização. Esta pesquisa buscou apresentar uma análise conjunta entre o modelo tradicional de liquidez e o modelo dinâmico para que sejam tomadas ações que busquem o equilíbrio financeiro das organizações tanto no curto como no longo prazo. A metodologia aplicada na pesquisa realizada foi caracterizada como do tipo descritiva, pois buscou descobrir a existência de associações e comportamentos dos índices financeiros calculados no período analisado, sendo análise de liquidez no método tradicional e no método dinâmico. De acordo com o resultado da pesquisa foram identificadas três estruturas e situações financeiras segundo a classificação proposta no modelo dinâmico, sendo elas: situação sólida, para a empresa Grendene, insatisfatória, para a empresa Alpargatas e péssima para as empresas Cambuci e Vulcabrás. Foi apresentado um quadro resumo para comparação da estrutura e situação financeira bem como o ranking considerando o índice que cada empresa utilizou de seus recursos de curto prazo para financiar seus investimentos de longo prazo.The footwear industry in the Brazilian market is made up of 7,700 companies, occupies the third place worldwide in production and the fourth place worldwide as the consumer market. In this context, this research aims to analyze and evaluate the financial results of four publicly traded organizations in the footwear business through the balance sheets for the period 2012 to 2016 published on the website of the Brazilian Securities and Exchange Commission. The work was developed based on the calculations and analysis of liquidity ratios of the traditional model and the dynamic model. The dynamic model first required the reclassification of the balance sheet accounts in order to calculate the base indexes of the model with which the structure that represents the level of financial risk of each organization was identified. This research sought to present a joint analysis between the traditional liquidity model and the dynamic model so that actions are taken that seek the financial balance of organizations both in the short and long term. The methodology applied in the research carried out was characterized as descriptive, as it sought to discover the existence of associations and behaviors of the financial indexes calculated in the analyzed period, being liquidity analysis in the traditional method and in the dynamic method. According to the research result, three structures and financial situations were identified according to the classification proposed in the dynamic model, namely: solid situation, for the company Grendene, unsatisfactory, for the company Alpargatas and terrible for the companies Cambuci and Vulcabrás. A summary table was presented to compare the structure and financial situation, as well as the ranking considering the index that each company used of its short-term resources to finance its long-term investments.porUniversidade Federal de Minas GeraisUFMGBrasilFACE - FACULDADE DE CIENCIAS ECONOMICASFCE - DEPARTAMENTO DE CIÊNCIAS CONTÁBEISÁgora : Revista De divulgação científicaOrçamento - AdministraçãoCalçados - ComércioLiquidezEstrutura FinanceiraRamo CalçadosModelo TradicionalModelo DinâmicoEstrutura financeira empresas ramo de calçados: determinantes entre o modelo tradicional liquidez e modelo dinâmicoFinancial structure of footwear companies: determinants between the traditional liquidity and dynamic modelinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://www.periodicos.unc.br/index.php/agora/article/view/2919José Roberto de Souza FranciscoAmauri Santos RochaHudson Fernandes Amaralapplication/pdfinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/53852/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALESTRUTURA FINANCEIRA EMPRESAS RAMO DE CALÇADOS_ DETERMINANTES ENTRE O MODELO TRADICIONAL LIQUIDEZ E MODELO DINÂMICO.pdfESTRUTURA FINANCEIRA EMPRESAS RAMO DE CALÇADOS_ DETERMINANTES ENTRE O MODELO TRADICIONAL LIQUIDEZ E MODELO DINÂMICO.pdfapplication/pdf282615https://repositorio.ufmg.br/bitstream/1843/53852/2/ESTRUTURA%20FINANCEIRA%20EMPRESAS%20RAMO%20DE%20CAL%c3%87ADOS_%20DETERMINANTES%20ENTRE%20O%20MODELO%20TRADICIONAL%20LIQUIDEZ%20E%20MODELO%20DIN%c3%82MICO.pdf67381a6b1b80033fa14adadd5d78939bMD521843/538522023-05-23 18:16:05.331oai:repositorio.ufmg.br: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Repositório InstitucionalPUBhttps://repositorio.ufmg.br/oaiopendoar:2023-05-23T21:16:05Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false
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