Fatores determinantes do nível de endividamento das empresas do setor de locação veículos listadas na B3

Abstract

The main objective of this study is to address the factors that determine the level of indebtedness of companies in the car rental sector. The general objective is to analyze the factors that determine the level of indebtedness of companies in the car rental sector listed on Brazil, Bolsa, Balcão-B3. For this purpose, the following specific objectives were defined, calculating the indicators (debt ratios) of the capital structure of companies in the car rental sector, verifying the evolution of indicators in the period studied, identifying the explanatory factors for the variations in the explanatory notes. capital structure and finally analyze the determining factors of the level of indebtedness shown. The approach to the theme is justified because the sector is one of those that work with high levels of leverage, since companies need constant capital to renew their fleet. The present study consists of a descriptive and documentary research, with results treated in a quali-quantitative way, based on data collection initially from secondary sources, and later from primary sources. With the survey of information throughout the research and the analysis of these, it was possible to conclude that the indebtedness factors determining the capital structure of companies in the car rental sector listed in B3 were Company size, Profitability, Tangibility of assets, Growth Opportunity and Interest Rate.