Economic Assessment of Brazilian Public Ports: Value-Based Management

Ports are among the main links of the international logistic chain and, consequently, an important element of economic development. Thus, this study aims to investigate the economic and financial results of Brazilian public ports by evaluating their ability to generate economic value. Therefore, we...

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Bibliographic Details
Published in:BBR Brazilian business review (Portuguese ed.) 2020-07, Vol.17 (4), p.439-457
Main Authors: de Sousa, Erivelto Fioresi, Neto, Francisco Jose Kliemann, Andriotti, Rafael Fontoura, Campagnolo, Rodrigo Rech
Format: Article
Language:eng ; por
Subjects:
Costs
Economic development
Economic value added
Employee incentives
eva
Federal government
Financial management
Financial performance
Infrastructure
Investments
MANAGEMENT
Market positioning
port management
port performance
port rentability
Ports
Public companies
Public sector
Studies
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Summary:Ports are among the main links of the international logistic chain and, consequently, an important element of economic development. Thus, this study aims to investigate the economic and financial results of Brazilian public ports by evaluating their ability to generate economic value. Therefore, we assessed the port authorities with traditional financial indicators as well as with Economic Value Added (EVA) indicators, aiming to assess companies' ability to create wealth for ports' capital investors. Findings indicate that, despite the satisfactory financial situation, such results are not due to the businesses' operation, but most likely due to governmental subsidies. Port authorities also showed inefficiency to remunerate the capital invested. The study contributes to the literature by shedding light on the discussion about the economic and financial management of public ports and the use of public resources in the port sector.
ISSN:1808-2386
1807-734X
1808-2386
1807-734X
DOI:10.15728/bbr.2020.17.4.5