Análise dos impactos de abertura de capital e o setor de saúde no Brasil: diagnóstico das empresas listadas na B3

Abstract

Faced with the increase in market competitiveness and difficulties in obtaining credit, companies seek to go public in Brazil, Bolsa e Balcão (B3), to leverage resources and professionalize their management. This study aims to analyze how the phenomenon impacts the economic and financial statements of companies in the supplementary health sector in Brazil. To analyze the phenomenon, equity data from the fourth quarter of 2017 to the third quarter of 2020 were collected from the Economatica® website, which correspond to the pre- and post-public offering period, of companies in the supplementary health sector that held a public offering of shares in the second quarter of 2018. For the analysis, the behavior of liquidity, indebtedness and profitability indicators was studied, after the public offering of shares, and the average was used before and after the IPO, in order to compare their situation and verify how they reacted. It was verified that despite the companies being from the same sector they behaved differently in relation to the groups of indicators. The improvement in performance did not happen in a regular manner and the indicators evaluated as a whole allow for a closer perception of the company's reality, since some indicators when evaluated separately may lead to distorted conclusions of the business situation.