This study seeks to analyze the short-term financial management of companies in the hotel and restaurant sector listed on B3 through the dynamic model, or Fleuriet model, and their solvency capacity to analyze the possibility of insolvency of the entities Thus, it becomes relevant to analyze this subsector not only because these organizations have a considerable representation in the Brazilian economy, but also because of the possibility of observing their financial situation through the application of the Fleuriet model during the pandemic moment. The Hospitality and Restaurants and Similar segments were chosen, where we sought to assess the impact of the pandemic on companies between 1st Quarter 2018 and 1st Quarter 2021, by applying the variables of dynamic working capital analysis and analysis of insolvency forecasting behavior. The results show that through Fleuriet's dynamic model, all companies, in divergent quarters, presented an undesirable financial situation in the year 2020, ratifying the impact of Covid-19 on their operations. Therefore, this research seeks to add to the theoretical field by disseminating new relevant information about this subsector, since it is a sector that has been little covered in the scientific field, especially when it comes to the impact of Covid-19. Furthermore, the importance of society knowing the impact that these segments had in the pandemic moment is highlighted, because this information is very relevant for users outside the organizations, strengthening their decision-making power.
This research aims to analyze the change in the classifications of agribusiness companies listed on the B3 in periods of economic boom and bust using Fleuriet's model. Therefore, due to the representativeness of agribusiness for Brazil and the maintenance of companies in this sector in periods of crisis, it is essential to increase attention to the management of working capital. The research is characterized as descriptive, with a qualitative approach and its procedures were carried out by means of documentary research, because data were extracted from the financial statements and used to calculate the variables of the Fleuriet or Dynamic model. The results found through these calculations, reveal that, although the economic crisis, which began in 2014, has affected some agribusiness segments, causing their financial structures to regress or delay performance, other segments managed to grow. Working capital management provides information of utmost importance, making it indispensable to the analyzed segments, which have a high percentage of aggregation in the national economy. Thus, this type of research reinforces the need for participation and the power of contribution given by the academy to society, when it comes to the study of this sector, as well as the benefit that these reports generate to future studies on the subject.
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