| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| DM_fernandoremondes_GO3S_2018 | 3.73 MB | Adobe PDF |
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Abstract(s)
O significativo crescimento do Terceiro Setor impele Ă emergĂȘncia de estudos investigativos sobre a especificidade funcional e riscos de propensĂŁo para a insolvĂȘncia das OrganizaçÔes sem Fins Lucrativos, nomeadamente, das InstituiçÔes Particulares de Solidariedade Social, que se encontram inseridas em tal agregado. Apesar de apresentarem um carĂĄter social e nĂŁo lucrativo, importa refletir sobre a sua sustentabilidade, acedendo a dados sobre o seu desempenho financeiro. Pretendeuâse assim, e na escassez de estudos sobre a temĂĄtica em questĂŁo, materializar o grande desafio cientĂfico e inovador de abordar uma problemĂĄtica sensĂvel e emergente, na Economia Social. Neste enquadramento concetual, o presente trabalho visou a realização de um levantamento e anĂĄlise financeira das InstituiçÔes Particulares de Solidariedade Social, do Distrito de Braga, tentando elencar quais os indicadores financeiros que mais determinam a propensĂŁo para a insolvĂȘncia das mesmas, atravĂ©s da aplicação do modelo z-Score de Altman. Para o efeito, foi criada uma base de dados a partir da recolha de informação documental, disponĂvel nos sites institucionais, com recurso Ă pĂĄgina eletrĂłnica da Segurança Social, onde constam todas as instituiçÔes registadas a nĂvel nacional, por distrito e por concelho. Efetuou-se uma anĂĄlise de conteĂșdo, de natureza quantitativa dos sites, de forma a verificar a informação financeira dos Ășltimos trĂȘs anos, de 2015 a 2017, referente a 102 InstituiçÔes Particulares de Solidariedade Social, amostra de um universo populacional de 474. Depois de calculada a variĂĄvel dependente (Z-Score), foi explorado para efeitos de significĂąncia estatĂstica e de pertinĂȘncia cientĂfica, o modelo de regressĂŁo nĂŁo linear logarĂtmica e exponencial, para cada um dos anos e variĂĄveis em estudo.Com este procedimento estatĂstico pretendeuâse validar a influĂȘncia que quatro indicadores coletados, que corporalizam as variĂĄveis independentes, nomeadamente, o endividamento, a autonomia financeira, a liquidez e a dependĂȘncia do Estado, tĂȘm na propensĂŁo para a insolvĂȘncia. Os resultados obtidos com base em diferentes instrumentos analĂticos, comprovaramque a utilização de um conjunto de rĂĄcios financeiros, na avaliação do potencial de insolvĂȘncia das entidades do setor nĂŁo lucrativo, evidenciou a legĂtima aplicabilidade e significativa relevĂąncia do modelo, nas IPSS.
The growing significance of the Tertiary Sector has triggered the emergence of research about the functional specificity and risks of propension for insolvency of Nonprofit Organisations, namely Private Charities, which belong to this group. Despite their non-profit status, it is important to reflect on their sustainability, accessing data about their financial performance. In the absence of studies on the topic in question, the goal is to take on the sizeable scientific and innovative challenge of analysing a sensitive and emerging problem in the Social Economy. In this backdrop, this work attempted to carry out a survey and financial analysis of Private Charities in the Braga District, striving to draw up the financial indicators that are most likely to lead to their insolvency through the application of the Altman Z-Score model. To do so, a database was created using documents available in the institutional websites and the Social Security webpage, which lists all the institutions registered in Portugal, per district and per council. A quantitative analysis of the content of the websites was carried out, to check the financial information from the last three years, from 2015 to 2017, referring to 102 Private Charities, a sample from a total of 474 such organisations. After calculating the dependent variable (Z-Score), the non-linear regression logarithm and exponential model was implemented to determine the statistical significance and scientific pertinence for each of the years and variables under analysis. This statistical procedure intended to validate the influence of four indicators collected, which embody the independent variables of indebtedness, financial autonomy, liquidity and dependence on the State, on the propension for insolvency. The results obtained based on different analytical instruments confirmed that using a set of financial ratios, to assess the potential for insolvency of non-profit entities, was legitimately applicable and significantly relevant for the model, for the Private Charities.
The growing significance of the Tertiary Sector has triggered the emergence of research about the functional specificity and risks of propension for insolvency of Nonprofit Organisations, namely Private Charities, which belong to this group. Despite their non-profit status, it is important to reflect on their sustainability, accessing data about their financial performance. In the absence of studies on the topic in question, the goal is to take on the sizeable scientific and innovative challenge of analysing a sensitive and emerging problem in the Social Economy. In this backdrop, this work attempted to carry out a survey and financial analysis of Private Charities in the Braga District, striving to draw up the financial indicators that are most likely to lead to their insolvency through the application of the Altman Z-Score model. To do so, a database was created using documents available in the institutional websites and the Social Security webpage, which lists all the institutions registered in Portugal, per district and per council. A quantitative analysis of the content of the websites was carried out, to check the financial information from the last three years, from 2015 to 2017, referring to 102 Private Charities, a sample from a total of 474 such organisations. After calculating the dependent variable (Z-Score), the non-linear regression logarithm and exponential model was implemented to determine the statistical significance and scientific pertinence for each of the years and variables under analysis. This statistical procedure intended to validate the influence of four indicators collected, which embody the independent variables of indebtedness, financial autonomy, liquidity and dependence on the State, on the propension for insolvency. The results obtained based on different analytical instruments confirmed that using a set of financial ratios, to assess the potential for insolvency of non-profit entities, was legitimately applicable and significantly relevant for the model, for the Private Charities.
Description
Dissertação de Mestrado em Gestão das OrganizaçÔes do Terceiro Setor
Keywords
terceiro setor instituiçÔes particulares de solidariedade social desempenho financeiro propensĂŁo para a insolvĂȘncia rĂĄcios
Citation
Publisher
Instituto Politécnico do Porto. Escola Superior de Tecnologia e Gestão