A STUDY ON FLEURIET MODEL APPLIED IN FINANCIAL MANAGEMENT OF ELECTRIC COMPANIES LISTED ON THE BM & FBOVESPA

• Autor(a) principal: Silva, Gilson Rodrigues da
• Data de Publicação: 2016
• Outros Autores: Lopes, Jorge Expedito de Gusmão, Pedeneiras, Marcleide Maria Macedo, Tavares, Márcia Ferreira Neves, Silva, Edjane Esmerina Dias da
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Ambiente Contábil
• Texto Completo: https://periodicos.ufrn.br/ambiente/article/view/8430

This study aimed to demonstrate the economic and financial situation of power companies listed on BM & FBOVESPA, in the light of the dynamic model Fleuriet. The used for this research method was Deductive because the quantitative type that supports the said favors the method result of "what and how" through the analysis of the measurement of working capital requirement variables, working capital and cash balance (NCG, CDG and ST) contained in Fleuriet model. The typology and descriptive literature underwrote the theoretical and documentary support as a source of data (Consolidated Balance Sheet 2010-2014). The data were analyzed with the measurement of variables Fleuriet model, Spearman's correlation and Mann-Whitney as a supplemental test to check for significant differences between the type of financial situation and the segment. The results showed as the financial situation of companies is influenced by external economic factors. The financial performance of power companies, listed on the BM & FBOVESPA, are presented in short most of the types of financial structure balances Excellent, Solid, 5% and 23% in N1, and 18% and 15% N2, respectively. Thus, the highlight was the companies named by trading Alupar, Celesc Eletropaulo and N2 segment and Eletrobrás and Copel in N1. The results suggest that companies implement new techniques of financial management in order to boost its economic and financial growth, then, create value for shareholders and can pay dividends because in recent years it was found that the companies decreased their financial performance showing as economic conditions influence the proposed variables in the dynamic model Fleuriet.Keywords: Financial Management. Energy Sector. Model Fleuriet.