As empresas são constantemente avaliadas, no que tange a resultados financeiros e econômicos, bem como as suas estratégias. As demonstrações financeiras são relatórios importantes na avaliação do desempenho da evolução patrimonial das organizações, fornecendo uma visão global da organização. Este estudo tem como objetivo identificar a relação entre Grau de Investimento, definido pelo rating do método de Guth, com o das certificadoras Standard & Poor's, Moody's e Fitch Ratings, com base nos dados das empresas listadas no IBRX 50. O grau de investimento de uma empresa concede um selo de “bom pagador”, esta avaliação ocorre de forma quantitativa e qualitativa, permitindo uma visão ampla dos negócios da organização. Para analisar a aderência do método que utiliza apenas indicadores financeiros e o divulgado pelas principais certificadoras será realizada uma pesquisa pelo método quantitativo-descritivo, utilizando as empresas listadas no IBRX50. A pesquisa é classificada como aplicada, com abordagem quantitativa, sendo apurado o grau de investimento pelo método de Guth através das demonstrações contábeis das empresas listadas no IBRX50, no ano de 2016, comparando com o divulgado pelas agencias certificadoras. Quanto ao objetivo é descritiva, utilizando procedimentos documentais, baseada em relatórios contábeis financeiros para calcular o grau de investimentos e os pareceres divulgados pelas certificadoras para comparar o rating divulgado como o apurado a partir dos seguintes indicadores financeiros: liquidez, rentabilidade, lucratividade, , solvência, endividamento e giro do ativo. Como resultados verificou-se a existência de diferenças entre o rating divulgado pelas agências, empresas que não possuem classificação divulgada pelas três certificadoras concomitantemente. A lista do IBRX50 contempla empresas que não foram avaliadas pelas certificadoras. / Companies are constantly evaluated in terms of financial and economic results as well as their strategies. The financial statements are important reports in assessing the performance of the organization's equity evolution, providing a global view of the organization. This study has as general objective to identify the relation between Investment Grade, defined by the rating of Guth’s Method, with the certifiers Standard & Poor's, Moody's and Fitch Ratings, based on the data of the companies listed in the IBRX 50. The degree of investment of a company grants it a "good payer" seal, this evaluation occurs quantitatively and qualitatively, allowing a broad view of the organization's business. In order to analyze the adherence of the method that uses only financial indicators and that disclosed by the main certifiers, a research based on a quantitative-descriptive method will be done, using the companies listed in the IBRX50, in 2016. The objective is descriptive, using documentary procedures, based on financial accounting reports to calculate the degree of investments and the opinions published by the certifiers to compare the rating disclosed as calculated from the financial indicators: Liquidity indebtedness, Immediate liquidity, Profitability of the asset, Profitability, Current liquidity, Dry liquidity, Solvency, Indebtedness of Liquid Equity, Return on Liquid Equity and Asset turnover. As results it was verified that there are differences between the ratings disclosed by the three agencies. The IBRX50 list includes companies that have not been evaluated by the certifiers. / Companies are constantly evaluated in terms of financial and economic results as
well as their strategies. The financial statements are important reports in assessing
the performance of the organization's equity evolution, providing a global view of the
organization. This study has as general objective to identify the relation between
Investment Grade, defined by the rating of Guth’s Method, with the certifiers
Standard & Poor's, Moody's and Fitch Ratings, based on the data of the companies
listed in the IBRX 50. The degree of investment of a company grants it a "good
payer" seal, this evaluation occurs quantitatively and qualitatively, allowing a broad
view of the organization's business. In order to analyze the adherence of the method
that uses only financial indicators and that disclosed by the main certifiers, a
research based on a quantitative-descriptive method will be done, using the
companies listed in the IBRX50, in 2016. The objective is descriptive, using
documentary procedures, based on financial accounting reports to calculate the
degree of investments and the opinions published by the certifiers to compare the
rating disclosed as calculated from the financial indicators: Liquidity indebtedness,
Immediate liquidity, Profitability of the asset, Profitability, Current liquidity, Dry
liquidity, Solvency, Indebtedness of Liquid Equity, Return on Liquid Equity and Asset
turnover. As results it was verified that there are differences between the ratings
disclosed by the three agencies. The IBRX50 list includes companies that have not
been evaluated by the certifiers.
| Identifer | oai:union.ndltd.org:IBICT/oai:repositorio.ucs.br:11338/3357 |
| Date | 31 August 2017 |
| Creators | Castilhos, Nádia Cristina de |
| Contributors | Ansuj, Angela Pellegrin, Camargo, Maria Emilia, Motta, Marta Elisete Ventura da, Guth, Sérgio Cavagnoli |
| Source Sets | IBICT Brazilian ETDs |
| Language | Portuguese |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis |
| Source | reponame:Repositório Institucional da UCS, instname:Universidade de Caxias do Sul, instacron:UCS |
| Rights | info:eu-repo/semantics/openAccess |
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