RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista de Administração de Roraima - RARR |
Texto Completo: | https://revista.ufrr.br/adminrr/article/view/2940 |
Resumo: | The construction companies that choose to participate in the execution of public works are exposed to various risks while performing their activities. Many of these works are paralyzed due to the fact that companies cannot afford the high costs of their implementation. Given this fact, this study sought to identify, through the analysis of the financial statements of the heavy construction companies listed on Bovespa, the risks to which these contractors are exposed. It was possible to note that companies that perform this type of activity must deal with many factors that go beyond their control, as well as with the high complexity of the activity itself. It was determined that several companies that fit this context suffer from liquidity problems and experience a negative impact on their profits. These problems are due mainly to the delinquency of governments and public institutions, undermining the operating cycle of the contractors. It was identified that the main risks for heavy construction companies are the constant delays in the transfer of funds, as well as the non-payment of these, added to the difficulties imposed on the managers of these companies, who have to deal with a longer operating cycle and the execution of an activity with a high degree of complexity. |
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RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISESANÁLISE DOS RISCOS NA MÉTRICA DE INDICADORES ECONÔMICO-FINANCEIROS DAS EMPRESAS DE CONSTRUÇÃOpublic Worksstatements analysisheavy constructionObras públicasAnálise de demonstraçõesConstrução pesada.The construction companies that choose to participate in the execution of public works are exposed to various risks while performing their activities. Many of these works are paralyzed due to the fact that companies cannot afford the high costs of their implementation. Given this fact, this study sought to identify, through the analysis of the financial statements of the heavy construction companies listed on Bovespa, the risks to which these contractors are exposed. It was possible to note that companies that perform this type of activity must deal with many factors that go beyond their control, as well as with the high complexity of the activity itself. It was determined that several companies that fit this context suffer from liquidity problems and experience a negative impact on their profits. These problems are due mainly to the delinquency of governments and public institutions, undermining the operating cycle of the contractors. It was identified that the main risks for heavy construction companies are the constant delays in the transfer of funds, as well as the non-payment of these, added to the difficulties imposed on the managers of these companies, who have to deal with a longer operating cycle and the execution of an activity with a high degree of complexity.As empresas de construção civil que optam por participar da execução de obras públicas estão expostas a diversos riscos durante a execução de suas atividades. Muitas dessas obras ficam paralisadas devido ao fato de que as companhias não conseguem arcar com os elevados custos de sua execução. Diante desse fato, este estudo buscou identificar, por meio da análise das demonstrações contábeis das companhias de construção pesada listadas na Bovespa, quais os principais riscos aos quais essas empreiteiras estão expostas. Foi possível evidenciar que as empresas que realizam esse tipo de atividade precisam lidar com diversos fatores alheios ao seu controle, bem como a alta complexidade da atividade em si. Foi possível identificar também que várias empresas que se enquadram nesse contexto sofrem com problemas de liquidez e com o impacto negativo nos seus lucros. Tais problemas se devem, principalmente, à inadimplência dos governos e instituições públicas, prejudicando o ciclo operacional das empreiteiras. Identificou-se que os principais riscos para as companhias de construção pesada são os constantes atrasos no repasse de verbas, bem como o não pagamento destas, além das dificuldades impostas aos gestores dessas empresas, que precisam lidar com um ciclo operacional mais longo e com a execução de uma atividade com um alto grau de complexidade.Universidade Federal de Roraima2016-08-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAdFapplication/pdfhttps://revista.ufrr.br/adminrr/article/view/294010.18227/2237-8057rarr.v6i1.2940Journal of Management of Roraima-RARR; Vol. 6 No. 1 (2016); 18-46Revista Administración de Roraima (RARR); Vol. 6 Núm. 1 (2016); 18-46Revista de Administração de Roraima - RARR; v. 6 n. 1 (2016); 18-462237-8057reponame:Revista de Administração de Roraima - RARRinstname:Universidade Federal de Roraima (UFRR)instacron:UFRRporhttps://revista.ufrr.br/adminrr/article/view/2940/pdfCopyright (c) 2016 RARR. REVISTA DE ADMINISTRAÇÃO DE RORAIMA (UFRR)info:eu-repo/semantics/openAccessLima, André Soares de MenezesLima, Nilton CesarSouza, Gustavo Henrique Silva deMartins, Vidigal Fernandes2016-08-02T21:57:39Zoai:oai.revista.ufrr.br:article/2940Revistahttps://revista.ufrr.br/index.php/adminrr/PUBhttps://revista.ufrr.br/adminrr/oairarr.ufrr@gmail.com||emersonclaytonarantes@gmail.com2237-80572237-8057opendoar:2016-08-02T21:57:39Revista de Administração de Roraima - RARR - Universidade Federal de Roraima (UFRR)false |
dc.title.none.fl_str_mv |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES ANÁLISE DOS RISCOS NA MÉTRICA DE INDICADORES ECONÔMICO-FINANCEIROS DAS EMPRESAS DE CONSTRUÇÃO |
title |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
spellingShingle |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES Lima, André Soares de Menezes public Works statements analysis heavy construction Obras públicas Análise de demonstrações Construção pesada. |
title_short |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
title_full |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
title_fullStr |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
title_full_unstemmed |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
title_sort |
RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES |
author |
Lima, André Soares de Menezes |
author_facet |
Lima, André Soares de Menezes Lima, Nilton Cesar Souza, Gustavo Henrique Silva de Martins, Vidigal Fernandes |
author_role |
author |
author2 |
Lima, Nilton Cesar Souza, Gustavo Henrique Silva de Martins, Vidigal Fernandes |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Lima, André Soares de Menezes Lima, Nilton Cesar Souza, Gustavo Henrique Silva de Martins, Vidigal Fernandes |
dc.subject.por.fl_str_mv |
public Works statements analysis heavy construction Obras públicas Análise de demonstrações Construção pesada. |
topic |
public Works statements analysis heavy construction Obras públicas Análise de demonstrações Construção pesada. |
description |
The construction companies that choose to participate in the execution of public works are exposed to various risks while performing their activities. Many of these works are paralyzed due to the fact that companies cannot afford the high costs of their implementation. Given this fact, this study sought to identify, through the analysis of the financial statements of the heavy construction companies listed on Bovespa, the risks to which these contractors are exposed. It was possible to note that companies that perform this type of activity must deal with many factors that go beyond their control, as well as with the high complexity of the activity itself. It was determined that several companies that fit this context suffer from liquidity problems and experience a negative impact on their profits. These problems are due mainly to the delinquency of governments and public institutions, undermining the operating cycle of the contractors. It was identified that the main risks for heavy construction companies are the constant delays in the transfer of funds, as well as the non-payment of these, added to the difficulties imposed on the managers of these companies, who have to deal with a longer operating cycle and the execution of an activity with a high degree of complexity. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-08-02 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion AdF |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revista.ufrr.br/adminrr/article/view/2940 10.18227/2237-8057rarr.v6i1.2940 |
url |
https://revista.ufrr.br/adminrr/article/view/2940 |
identifier_str_mv |
10.18227/2237-8057rarr.v6i1.2940 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revista.ufrr.br/adminrr/article/view/2940/pdf |
dc.rights.driver.fl_str_mv |
Copyright (c) 2016 RARR. REVISTA DE ADMINISTRAÇÃO DE RORAIMA (UFRR) info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2016 RARR. REVISTA DE ADMINISTRAÇÃO DE RORAIMA (UFRR) |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal de Roraima |
publisher.none.fl_str_mv |
Universidade Federal de Roraima |
dc.source.none.fl_str_mv |
Journal of Management of Roraima-RARR; Vol. 6 No. 1 (2016); 18-46 Revista Administración de Roraima (RARR); Vol. 6 Núm. 1 (2016); 18-46 Revista de Administração de Roraima - RARR; v. 6 n. 1 (2016); 18-46 2237-8057 reponame:Revista de Administração de Roraima - RARR instname:Universidade Federal de Roraima (UFRR) instacron:UFRR |
instname_str |
Universidade Federal de Roraima (UFRR) |
instacron_str |
UFRR |
institution |
UFRR |
reponame_str |
Revista de Administração de Roraima - RARR |
collection |
Revista de Administração de Roraima - RARR |
repository.name.fl_str_mv |
Revista de Administração de Roraima - RARR - Universidade Federal de Roraima (UFRR) |
repository.mail.fl_str_mv |
rarr.ufrr@gmail.com||emersonclaytonarantes@gmail.com |
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1809277523665616896 |