RISK ANALYSIS ON MEASURE OF FINANCIAL INDICATORS OF CONSTRUCTION ENTERPRISES

Detalhes bibliográficos
Autor(a) principal: Lima, André Soares de Menezes
Data de Publicação: 2016
Outros Autores: Lima, Nilton Cesar, Souza, Gustavo Henrique Silva de, Martins, Vidigal Fernandes
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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spelling 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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