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Title: Análise das características determinantes das empresas que usufruem de subvenções e assistências governamentais
Keywords: Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento
Brazilian Development Bank - Financing
Incentivos fiscais - Brasil - 2008-2014
Tax incentives - Brazil - 2008-2014
Subsídios governamentais - Brasil - 2008-2014
Subsidies - Brazil - 2008-2014
Assistência econômica - 2008-2014
Economic assistance - 2008-2014
Empresas - Brasil - 2008-2014
Business enterprises - Brazil - 2008-2014
Avaliação (Finanças) - Brasil - 2008-2014
Valuation - Brazil - 2008-2014
Energia elétrica
Electric power
Brasil, Sudeste
Brazil, Southeast
Issue Date: Jun-2019
Publisher: Fundação Universidade Regional de Blumenau
Abstract: This study aimed to identify the characteristics of companies that receive government grants. We reviewed 791 notes to financial statements from 113 companies listed in the BM&FBovespa index IBRX-100, from 2008 to 2014. Descriptive analyzes indicate that 48 companies (43% of the sample) participated in some of the stablished Government Grant programs, totaling approximately R $ 30 billion, and shows that the most benefited sectors and regions are: i) Sectors: electricity, cyclical consumption, trade, construction and engineering, and metallurgy; and ii) Regions: São Paulo, Rio de Janeiro and Minas Gerais. The results from logistic regression applied indicate that there is a greater opportunity for subsidized companies with the following characteristics: more profitable companies; company size, funds raised from BNDES and being audited by a Big4 company. It should be clarified that the adoption of international standards has increased the level of disclosure of information regarding government grants and assistance programs, as well as the respective amounts traded.
Other Identifiers: SAAC, Diana Maria Preciado; REZENDE, Amaury José. Análise das características determinantes das empresas que usufruem de subvenções e assistências governamentais. Revista Universo Contábil, Blumenau, SC, v. 15, n. 2, p. 116-136, abr./jun. 2019.
Appears in Collections:BNDES em Foco - Artigos

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