How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015

Detalhes bibliográficos
Autor(a) principal: Mannarelli Filho, Téucle
Data de Publicação: 2021
Outros Autores: Mannarelli, Lívia Barbosa
Tipo de documento: Artigo
Idioma: por
Título da fonte: Research, Society and Development
Texto Completo: https://rsdjournal.org/index.php/rsd/article/view/11987
Resumo: The study aims to verify how the Capital Structure affects the Business Performance and Value Creation of a Brazilian company, in the meat and meat sector, operating globally, publicly traded and with its shares traded on the Stock Exchange Brazilian company B3, through Analysis of Financial Statements, in the period from 2008 to 2015. The research was carried out based on the data collected in Economática, deflation adjustments were made and later the main financial indexes and indicators of the company were calculated, with based on its Balance Sheet, Income Statement and Cash Flow. Horizontal Analysis, Vertical Analysis and the calculation of the indices were used: Liquidity, Profitability, Profitability, Indebtedness; being focused to understand how the Capital Structure affects Business Performance and Value Creation. The study allows to conclude that the inadequate form in the capital structure of the company in the period of analysis, carried out with a great debt in 2010 and 2011, only guarantees the company a good liquidity and capacity of payment in the short term; and fails to add economic value or business performance.
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spelling How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015Cómo la estructura de capital afecta el desempeño empresarial y la creación de valor: un estudio de caso de un matadero brasileño de 2008 a 2015Como a estrutura de capital afeta o desempenho empresarial e a criação de valor: um estudo de caso de frigorífico brasileiro no período de 2008 a 2015Value creationBusiness performanceAnalysis of financial statementsCapital structure.Creación de valorRendimiento del negócioAnálisis de estados financierosEstructura de capital.Criação de valorDesempenho empresarialAnálise das demonstrações financeirasEstrutura de capital.The study aims to verify how the Capital Structure affects the Business Performance and Value Creation of a Brazilian company, in the meat and meat sector, operating globally, publicly traded and with its shares traded on the Stock Exchange Brazilian company B3, through Analysis of Financial Statements, in the period from 2008 to 2015. The research was carried out based on the data collected in Economática, deflation adjustments were made and later the main financial indexes and indicators of the company were calculated, with based on its Balance Sheet, Income Statement and Cash Flow. Horizontal Analysis, Vertical Analysis and the calculation of the indices were used: Liquidity, Profitability, Profitability, Indebtedness; being focused to understand how the Capital Structure affects Business Performance and Value Creation. The study allows to conclude that the inadequate form in the capital structure of the company in the period of analysis, carried out with a great debt in 2010 and 2011, only guarantees the company a good liquidity and capacity of payment in the short term; and fails to add economic value or business performance.El estudio tiene como objetivo verificar cómo la Estructura de Capital afecta el Desempeño Comercial y la Creación de Valor de una empresa brasileña, en el sector cárnico y cárnico, operando globalmente, cotizando en bolsa y con sus acciones cotizadas en Bolsa. Empresa brasileña B3, mediante Análisis de Estados Financieros, en el período de 2008 a 2015. La investigación se realizó con base en los datos recolectados en Economática, se realizaron ajustes por deflación y posteriormente se calcularon los principales Índices e Indicadores Financieros de la empresa, con con base en su Balance General, Cuenta de Resultados y Flujo de Caja. Se utilizaron Análisis Horizontal, Análisis Vertical y el cálculo de los índices: Liquidez, Rentabilidad, Rentabilidad, Endeudamiento; centrarse en comprender cómo la estructura de capital afecta el rendimiento empresarial y la creación de valor. El estudio permite concluir que la forma inadecuada en la estructura de capital de la empresa en el período de análisis, realizado con un gran endeudamiento en 2010 y 2011, sólo garantiza a la empresa una buena liquidez y capacidad de pago en el corto plazo; y no agrega valor económico o desempeño comercial.O estudo tem como objetivo verificar de que maneira a Estrutura de Capital afeta o Desempenho Empresarial e Criação de Valor em de uma empresa brasileira, do setor frigorífico e de carnes, com atuação a nível global, de capital aberto e com suas ações negociadas na Bolsa brasileira B3, por meio de Análise de Demonstrações Financeiras, no período compreendido de 2008 até 2015. A pesquisa foi realizada com base nos dados coletados na Economática, foram feitos os ajustes de deflação e posteriormente calculados os principais Índices e Indicadores Financeiros da empresa, com base em seu Balanço Patrimonial, Demonstrativo de Resultados e Fluxo de Caixa. Utilizou-se Análise Horizontal, Análise Vertical e o cálculo dos índices: Liquidez, Lucratividade, Rentabilidade, Endividamento; sendo focada para entender como a Estrutura de Capital afeta o Desempenho Empresarial e a Criação de Valor. O estudo permite concluir que a forma inadequada na estrutura de capital da empresa no período de análise, realizada com um grande endividamento em 2010 e 2011, somente garante a empresa uma boa liquidez e capacidade de pagamento de curto prazo; e não consegue agregar valor econômico, nem desempenho empresarial.Research, Society and Development2021-01-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/1198710.33448/rsd-v10i1.11987Research, Society and Development; Vol. 10 No. 1; e42410111987Research, Society and Development; Vol. 10 Núm. 1; e42410111987Research, Society and Development; v. 10 n. 1; e424101119872525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/11987/10692Copyright (c) 2021 Téucle Mannarelli Filho; Lívia Barbosa Mannarellihttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessMannarelli Filho, TéucleMannarelli, Lívia Barbosa2021-02-20T21:19:23Zoai:ojs.pkp.sfu.ca:article/11987Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:33:40.843187Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false
dc.title.none.fl_str_mv How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
Cómo la estructura de capital afecta el desempeño empresarial y la creación de valor: un estudio de caso de un matadero brasileño de 2008 a 2015
Como a estrutura de capital afeta o desempenho empresarial e a criação de valor: um estudo de caso de frigorífico brasileiro no período de 2008 a 2015
title How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
spellingShingle How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
Mannarelli Filho, Téucle
Value creation
Business performance
Analysis of financial statements
Capital structure.
Creación de valor
Rendimiento del negócio
Análisis de estados financieros
Estructura de capital.
Criação de valor
Desempenho empresarial
Análise das demonstrações financeiras
Estrutura de capital.
title_short How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
title_full How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
title_fullStr How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
title_full_unstemmed How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
title_sort How the capital structure affects business performance and value creation: a case study of a Brazilian slaughterhouse from 2008 to 2015
author Mannarelli Filho, Téucle
author_facet Mannarelli Filho, Téucle
Mannarelli, Lívia Barbosa
author_role author
author2 Mannarelli, Lívia Barbosa
author2_role author
dc.contributor.author.fl_str_mv Mannarelli Filho, Téucle
Mannarelli, Lívia Barbosa
dc.subject.por.fl_str_mv Value creation
Business performance
Analysis of financial statements
Capital structure.
Creación de valor
Rendimiento del negócio
Análisis de estados financieros
Estructura de capital.
Criação de valor
Desempenho empresarial
Análise das demonstrações financeiras
Estrutura de capital.
topic Value creation
Business performance
Analysis of financial statements
Capital structure.
Creación de valor
Rendimiento del negócio
Análisis de estados financieros
Estructura de capital.
Criação de valor
Desempenho empresarial
Análise das demonstrações financeiras
Estrutura de capital.
description The study aims to verify how the Capital Structure affects the Business Performance and Value Creation of a Brazilian company, in the meat and meat sector, operating globally, publicly traded and with its shares traded on the Stock Exchange Brazilian company B3, through Analysis of Financial Statements, in the period from 2008 to 2015. The research was carried out based on the data collected in Economática, deflation adjustments were made and later the main financial indexes and indicators of the company were calculated, with based on its Balance Sheet, Income Statement and Cash Flow. Horizontal Analysis, Vertical Analysis and the calculation of the indices were used: Liquidity, Profitability, Profitability, Indebtedness; being focused to understand how the Capital Structure affects Business Performance and Value Creation. The study allows to conclude that the inadequate form in the capital structure of the company in the period of analysis, carried out with a great debt in 2010 and 2011, only guarantees the company a good liquidity and capacity of payment in the short term; and fails to add economic value or business performance.
publishDate 2021
dc.date.none.fl_str_mv 2021-01-21
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/11987
10.33448/rsd-v10i1.11987
url https://rsdjournal.org/index.php/rsd/article/view/11987
identifier_str_mv 10.33448/rsd-v10i1.11987
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/11987/10692
dc.rights.driver.fl_str_mv Copyright (c) 2021 Téucle Mannarelli Filho; Lívia Barbosa Mannarelli
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Téucle Mannarelli Filho; Lívia Barbosa Mannarelli
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Research, Society and Development
publisher.none.fl_str_mv Research, Society and Development
dc.source.none.fl_str_mv Research, Society and Development; Vol. 10 No. 1; e42410111987
Research, Society and Development; Vol. 10 Núm. 1; e42410111987
Research, Society and Development; v. 10 n. 1; e42410111987
2525-3409
reponame:Research, Society and Development
instname:Universidade Federal de Itajubá (UNIFEI)
instacron:UNIFEI
instname_str Universidade Federal de Itajubá (UNIFEI)
instacron_str UNIFEI
institution UNIFEI
reponame_str Research, Society and Development
collection Research, Society and Development
repository.name.fl_str_mv Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)
repository.mail.fl_str_mv rsd.articles@gmail.com
_version_ 1797052805165350912

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