Adaptação da análise custo/volume/lucro sob incerteza ao estudo da viabilidade de remuneração: aplicação numa sociedade anônima de capital aberto.

Abstract

The risk which pervades the trajectory of organizations very often is an element that cannot be disregarded in the management process, especially within financing context. Its management is a crucial element for the business survival and continuity. Thus, this research has utilized the traditional theory of analysis of costs under conditions of uncertainty in order to achieve the general aim of determining the feasibility of equity remuneration via bottom-up beta, Brazilian company’s which belongs to the non-cycled consumerism sector. Based on nonrestrictive access data and, by dispensing a quantitative treatment to its analysis, this study has been carried out through an exploratory and explicative research concerning its objectives, and a bibliographical one regarding its means. The results have pointed out that the business remunerator risk is larger than its capacity of paying the providers with equity, as it has 70,37% of probability to obtain a lesser value or similar to the ideal profit to the capital remuneration. The conclusions of this study can be seen either as object of analysis for investors, or as a self-evaluation instrument of performance from business organizations.