Índices de sustentabilidade financeira para entidades com Endowment funds

• Autor(a) principal: Bauman, Felipe Rivato
• Data de Publicação: 2020
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Biblioteca Digital de Teses e Dissertações do Mackenzie
• Texto Completo: http://dspace.mackenzie.br/handle/10899/27898
• topic: endowment; entidades sem fins lucrativos; fundos patrimoniais; sustentabilidade financeira; CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS

This study proposes the use of financial indicators to measure the financial sustainability of non-profit entities that have endowment, for this were used indexes of liquidity, debt, operational and financial sustainability. Methodology: The research was characterized for its objetive as descritive, for seeking to test hypotheses of financial sustainability narrating a situation and exposing as characteristics of the phenomenon. Results: To measure the impact of the endowment on the indicators, two scenarios were tested. In the first scenario was considered the value of the entity's equity; in the second scenario is discounted from the equity the portion corresponding to the endowment, in the indexes proposed by Cruz, Stadler, Torres e Rocha (2009), only the immediate liquidity indexes, dependence on financial income, administrative expenses and expenses on projects that have not had their results changed between the scenarios, however in the indexes components proposed by Fernandes e Meireles (2013) only the coverage of interest that did not have distinction between the scenarios tested. Practical implications: The study proposes a tool, fed with the balance sheet, to the manager follow the evolution of the entity's financial sustainability. Originality and contributions: The study is original for proposing the application of financial sustainability indexes to non-profit entities that have endowment.