A mudança de orientação política na gestão Petróleo Brasileiro S.A. – uma análise segundo Modelo Fleuriet.

Abstract

Before a Market affected by policy and other factors, it is noticed a contexto of instability and ancerttainly. With emphasis in this setting, the presente work was objective, to analyze the present repercusses on the financial performance of brasilian Petroleum S. A. With the change in political orientation in 2016, according to the Fleuriet model. The model objectve is based on the analysis of dinamic liquidity, from three variables, the working capital, the necessity of working capital, and the treasury balance. According to the methodology the work has a quantitative approach, while the data collect was peformed through documantary research. All the data were extracted from the accounting statements of the organization. Two intervals were compared: the first one of 2014 to 2015, indicates the period that heppened the impeachment; and the second of 2016 to 2017 corresponding to the following period of impeachment. About the found results: the period before impeachement presented the reduction of the treasury balance, because the working capital decreased and the need of working capital, it was practicaly constant, afther the fact, the need for working capital and the working capital reduce and increased respectively. Now, generated and expressive increse in the treasury balance. So, with the change in manacement implyed that Petrobras could improve its financial performance, by providing a larger distance from the financial anomaly, known as a treasury effect.