Habilidade gerencial e financial distress: uma análise de empresas listadas na B3
DOI:
https://doi.org/10.11606/issn.1982-6486.rco.2026.230114Abstract
A presente pesquisa visa analisar se gestores mais habilidosos diminuem o estado de financial distress de empresas brasileiras. Para a mensuração dos dados, foram utilizados cinco anos, de 2019 a 2023, por meio de regressão logística, com o auxílio do software Stata®. Os resultados desta pesquisa apontaram que gestores mais habilidosos desenvolvem seus trabalhos e tomam decisões de modo a diminuir as chances de as empresas entrarem em estado de financial distress. Esses gestores analisam as informações da empresa, bem como o ambiente em que ela está inserida, com o intuito de aumentar a eficiência da organização. Como consequência, essas empresas diminuem suas chances de não conseguirem honrar seus compromissos financeiros. Esses resultados se estendem a todos os setores investigados, reforçando a Teoria dos Recursos Baseados na Firma, evidenciando que a condição econômica da empresa é determinada pela forma como os gestores gerenciam os recursos e capacidades organizacionais. Os resultados desta pesquisa expandem os achados anteriores, ao investigar uma lacuna ainda não explorada na literatura brasileira, podendo servir como fonte de informações para gestores, pesquisadores, investidores e demais interessados no tema.
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