ANÁLISE DE PROPRIEDADES E COMPORTAMENTOS RELATIVOS DE FLUXO DE RECURSOS OPERACIONAIS / ANALISYS OF PROPERTIES AND RELATIVE BEHAVIOUR BETWEEN OPERATIONAL RESOURSE FLOWS

AUTOR(ES)
DATA DE PUBLICAÇÃO

2005

RESUMO

Over the past decades, several evaluation indices have been the targeted for study, the objective being the determination of usefulness and relevance when determining operational performance. Since its substitution by the Cashflow Statement in 1987 in the United States, the Statement of Changes in Financial Position has been gradually phased out in other countries, where the concept of resources has steadily given way to one of cash. Among other reasons, one particular being better informational content and possessing relative comprehension ease. In Brazil, the debate for such change has been occurring for the past several years. EBITDA - Earnings Before Interest, Tax, Depreciation and Amortization, is without a doubt one of the most recognizable operational resource flows in existence. Its calculation can be performed with relative ease from the Profit and Loss Statement and because it is especially optimistic when announcing operational results, EBITDA has gained great acceptance form the entrepreneurial world. The Operational Cashflow obtained by the Fleuriet Method has received great interest from academics over the past years. It possesses great explaining power in multiple regression models, but its calculation involves performing several changes in current assets and liabilities, where classification ambiguities are left to individual discretion. Perhaps this explains its low acceptance in the entrepreneurial world, where ready made indices, recognizable worldwide are demanded. This dissertation will analyze the relative behavior of some better known operational recourse flows.

ASSUNTO(S)

cco ocf ebitda cco fcomf operational recourse flows correlacao correlation ebitda fluxos de recursos operacionais ocffm fco

ACESSO AO ARTIGO

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