Impactos do financiamento do BNDES: uma análise do desempenho econômico-financeiro das empresas listadas na Brasil, Bolsa, Balcão - B3.

Abstract

The objective of this study is to identify the impact of financing, with BNDES, on the economic and financial performance of companies listed in Brazil, Bolsa, Balcão - B3. THE sample of the research comprises 23 companies that made financing in BNDES in the year 2017. The economic and financial information was collected from the database Comdinheiro®, released in 2017. This is a descriptive, documentary research and quantitative. The statistical method was simple linear regression, in order to check for relation between the variables, being adopted as independent variable the value of financing and as the dependent variables the indicators of liquidity, profitability and indebtedness. The results showed that the variables Net Margin, Giro do Ativo and Equity Multiplier were impacted by BNDES financing, with the Equity Multiplier variable that most explained such impact.