Fleuriet accounting model for decision-making in Brazilian Agricultural and processed food subsectors

Authors

DOI:

https://doi.org/10.32358/rpd.2022.v8.612

Keywords:

fleuriet, decision-making, food sector, accounting, market value, statistical correlation

Abstract

Purpose: this article aims to apply a model to assess the financial and accounting situation of companies in the selected Agricultural and Processed Food and Livestock economic subsectors, using accounting analysis tools and statistical support identify correlations between the fleuriet dynamic model indicators with traditional indicators and stock market indicators. Methodology/Approach: This research is framed as a documental study with B3 portal information at the national level of companies operating in Brazil. Findings: The dynamic model indicators are correlated with both traditional indicators and stock market indicators, but with the exception of a few isolated cases, the ROI and ROE indicators did not have such a high correlation rate with the others. There was a high correlation between the indicators CDG, NDG and T, with positive and negative variations depending on the studied typology. Research Limitation/implication: can register not full disponible of the company's market values for the survey recent years so that the statistical analysis could be carried out using these data. Originality/Value of paper: Fleuriet's dynamic model appears can be used in order to identify the real financial situation of organizations and thus generate more confidence in managers for decision-making.

Downloads

Download data is not yet available.

Author Biographies

Willy Figueiredo Carneiro, Instituto de Desenvolvimento de Gestão e Projetos

Engenheiro de Produção no Centro de Educação Tecnológica Celso Suckow da Fonseca. E Certificado - Green BeltLean Six Sigma pelo IDGP - Instituto de Desenvolvimento de Gestão e Projetos.

Edson Vinicius Pontes Bastos, Federal University of Rio de Janeiro

Production Engineer, currently a PhD student in Production Engineering at COPPE/UFRJ - Federal University of Rio de Janeiro. Academic Master's Degree in Accounting from UFRJ - Federal University of Rio de Janeiro. Holds a Bachelor's Degree in Naval Sciences, attended at the Higher Education Institution of the Brazilian Navy - Merchant Marine Officer Training School - EFOMM/CIAGA graduation with recognition equivalent to a Bachelor's Degree in Administration, regulated by Normative Resolution (RN) No. 547, of the Federal Board of Directors. In addition, he holds a Bachelor's degree in Production Engineering from the Federal Center for Technological Education Celso Suckow da Fonseca (CEFET/RJ). Postgraduate in Quality Management (QSMS) and in Safety Engineering. Main lines of research: Project Management based on the PMBOK Guide, Machine Learning and Data Science Techniques for decision making and forecasting in Project Management, Risk Management, Financial Market, Accounting and Corporate Finance, in addition to other topics in Engineering of production with application of Operational Research and Statistical Methods.

References

Ambrozini, M. A., Matias, A. B., & Júnior, T. P. (2014). Análise dinâmica de capital de giro segundo o modelo Fleuriet: uma classificação das empresas brasileiras de capital aberto no período de 1996 a 2013. Contabilidade Vista & Revista, 25(2), 15-37.

Amorim, D. P. L., Antônio de Camargos, M., & Ferreira Pinto, B. (2021). Análise do capital de giro das empresas listadas na b3 frente à crise econômica brasileira. Revista Evidenciação Contábil & Finanças, 9(3).

Anton, S. G., & Afloarei Nucu, A. E. (2020). The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms. Journal of risk and financial management, 14(1), 9. https://doi.org/10.3390/jrfm14010009

Assaf Neto, Alexandre. (2002). Administração do capital de giro. 3. Ed. São paulo: atlas.

Avelar, E. A., & Souza, A. A. (2018). Gestão do capital de giro em operadoras de planos de saúde: uma análise sob a perspectiva do modelo dinâmico. ForScience, 6(1). https://doi.org/10.29069/forscience.2018v6n1.e300

Bastos, E. V. P. (2020). Use of fleuriet model for forecasting and evaluating municipal electoral results in a brazilian state. Revista Produção e Desenvolvimento, 6. https://doi.org/10.32358/rpd.2020.v6.484

Bastos, E. V. P., & Mello, J. A. V. B. (2019). Proposta de índice padrão para predição de eficiência e análise de contas públicas municipais. Revista De Globalización, Competitividad Y Gobernabilidad, 13(2), 50-71, 2019. https://doi.org/10.3232/gcg.2019.v13.n2.02

Bastos, E., Bortolon, P., & Maia, V. (2020). Fundamentalist signals in volatility scenarios: evidence in the brazilian stock market. Brazilian Business Review, 17(6), 621-639. https://doi.org/10.15728/bbr.2020.17.6.2

Braga, R. (1989). Fundamentos e técnicas de administração financeira. São paulo: atlas, 1989.

Burritt, R. L., & Christ, K. L. (2021). Full cost accounting: A missing consideration in global tailings dam management. Journal of Cleaner Production, 321, 129016. https://doi.org/10.1016/j.jclepro.2021.129016

Bussab, W.O., & Morettin, P. (2010). Estatística Básica. 6ª. Ed. - São Paulo: Saraiva. Cavalcanti, J. M. M., & Longhini, T. M. (2016). Modelo dinâmico e modelo tradicional para avaliação do capital de giro: um estudo de caso das empresas do setor de siderurgia listadas na Bm&fBovespa durante o período de 2010 a 2014. Revista de Administração de Roraima-RARR, 6(1), 90-113. https://doi.org/10.18227/2237-8057rarr.v6i1.3185

Chiachio, V. F. D. O., & Martinez, A. L. (2019). Efeitos do Modelo de Fleuriet e Índices de Liquidez na Agressividade Tributária. Revista de Administração Contemporânea, 23, 160-181. https://doi.org/10.1590/1982-7849rac2019180234

Costa, L., Sampaio, J. D. O., & Flores, E. S. (2019). Diversidade de gênero nos conselhos administrativos e sua relação com desempenho e risco financeiro nas empresas familiares. Revista de Administração Contemporânea, 23, 721-738. https://doi.org/10.1590/1982-7849rac2019180327

Couto, V. D., Fabiano, D., & Ribeiro, K. C. D. S. (2012). Gestão Financeira de curto prazo: uma análise do comportamento das empresas do Ibovespa em resposta à crise econômica. Revista de Contabilidade do Mestrado em Ciências Contábeis da UERJ, 16(3), 46-64.

Enqvist, J., Graham, M., & Nikkinen, J. (2014). The impact of working capital management on firm profitability in different business cycles: Evidence from Finland. Research in International Business and finance, 32, 36-49. https://doi.org/10.1016/j.ribaf.2014.03.005

Fleuriet, M., & Zeidan, R. (2015). O Modelo Dinâmico de Gestão Financeira—. Alta Books Editora.

Fleuriet, M., Kehdy, R., & Blanc, G. (2003). O modelo Fleuriet: a dinâmica financeira das empresas brasileiras. Campus.

Freitas, A. L. F., Damasceno, M. A. de A., Souza, C. R., Peixoto, J. K. C., Gonçalo, T. E. E., & Ferreira, E. A. (2022). GIS Multicriteria decision making model for traffic accidents management. Revista Produção e Desenvolvimento, 8(1), e613. https://doi.org/10.32358/rpd.2022.v8.613

Marconi, M. A., & Lakatos, E. M. (2003). Fundamentos de metodologia científica. 5. Ed. São paulo: atlas.

Marques, J. A. V. D. C., & Braga, R. (1995). Análise dinâmica do capital de giro: o modelo Fleuriet. Revista de Administração de Empresas, 35, 49-63. https://doi.org/10.1590/S0034-75901995000300007

Matarazzo, D. C., & Pestana, A. O. (1994). Análise financeira de balanços: abordagem básica e gerencial: livro de exercícios. Atlas, 1994.

Mathiasi Horta, R. A., Santos Alves, F. J., Carvalho, F. A., & Jorge, M. J. (2015). Seleção De Atributos Contábeis Na Previsão De Insolvência De Empresas Brasileiras--Uma Comparação De Abordagens. Base, 12(1). https://doi.org/10.4013/base.2015.121.03

Mellett, S., & O'Brien, E. (2014). Irish SMEs and e‐learning implementation: The strategic innovative approach. British journal of educational technology, 45(6), 1001-1013. https://doi.org/10.1111/bjet.12186

Palombini, N. V. N., & Nakamura, W. T. (2012). Key factors in working capital management in the Brazilian market. Revista de Administração de Empresas, 52, 55-69. https://doi.org/10.1590/S0034-75902012000100005

Rosa, A. A., Forti, C. A., & Dias, V. F. (2022). Impact of internationalization on the working capital requirement of Brazilian companies. RAM. Revista de Administração Mackenzie, 23. https://doi.org/10.1590/1678-6971/eramf220017.en

Silva, D. F. R., & Mello, J. A. V. B. (2021). Aplicando a Análise Relacional Grey a clubes de futebol Brasileiros: uma medição do desempenho financeiro e esportivo. GCG: revista de globalización, competitividad y gobernabilidad, 15(1), 50-70.

Silva, G. R. D., Lopes, J. E. D. G., Pedeneiras, M. M. M., Tavares, M. F. N., & Silva, E. E. D. D. (2016). Um Estudo Sobre O Modelo Fleuriet Aplicado Na Gestão Financeira Em Empresas Do Setor Elétrico Listadas Na Bmfbovespa. REVISTA AMBIENTE CONTÁBIL-Universidade Federal do Rio Grande do Norte-ISSN 2176-9036, 8(2), 92-109. https://doi.org/10.21680/2176-9036.2016v8n2ID8430

Silva, M. L., Santos Cobas, N. L., Matta, I. B., & Juliani, L. I. (2020). Production strategies of a dairy industry in Uruguay. Revista Produção e Desenvolvimento, 6. https://doi.org/10.32358/rpd.2020.v6.439

Silveira, E. D., Zanolla, E., & Machado, L. D. S. (2015). Uma classificação alternativa à atividade econômica das empresas brasileiras baseada na tipologia Fleuriet.

Zanolla, E., & Silva, C. A. T. (2017). O valor da liquidez: um estudo exploratório nas empresas brasileiras do setor de energia elétrica. REAd. Revista Eletrônica de Administração (Porto Alegre), 23, 118-136. https://doi.org/10.1590/1413-2311.041.57359

Downloads

Published

2022-12-29

How to Cite

Carneiro, W. F., & Pontes Bastos, E. V. (2022). Fleuriet accounting model for decision-making in Brazilian Agricultural and processed food subsectors. Revista Produção E Desenvolvimento, 8(1), e612. https://doi.org/10.32358/rpd.2022.v8.612

Issue

Vol. 8 No. 1 (2022): January-December

Section

Management Affairs

License

Copyright (c) 2022 Revista Produção e Desenvolvimento

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All content on this work is licensed under a Creative Commons BY Attribution 4.0 Unported license. The articles are free to use, with their CC BY attributions of license.

The journal is not responsible for the opinions, ideas and concepts emitted in the texts, as they are the sole responsibility of its author (s).

The publisher has the right to reject articles that in the evaluation process have been detected signs of plagiarism. The articles that have been detected indications of plagiarism after the publication, will be excluded from the edition. And the indication of the problem will be informed in the place of the text, keeping the same amount of pages.

This journal adopts the principles of ethical conduct of international quality Committee on Publication Ethics (COPE), as well as the parameters of Integrity in the Scientific Activity indicated by SCOPUS and SCIELO.