Uma análise da securitização de recebíveis na administração pública com vistas à inovação organizacional

Abstract

Faced with the fall in revenue that Brazilian public entities have been going through in 2015 and 2016, the present study has the general objective of analyzing the financial operation Securitization of Receivables in Public Administration with a view to organizational innovation and specific objectives (1) observe the general structure of the securitization of receivables operation within the scope of government agencies; (2) identify which were the impacts of increment in the researched body's cash; (3) point out the Brazilian legal mechanisms for regulating this financial activity; (4) investigate what are the guidelines for the creation of Organizational Innovation in relation to the securitization of receivables, as well as the possible use of this financial operation in public administration. In the methodology, a brief bibliographic review, data collection and the instruments used in the research were presented. The research results through document analysis show the structure of the financial operation, the securitized revenue process, the cash increment, the risks inherent to the procedure, the existing norms and the obstacles to implementation. Through the field analysis, the different perceptions of the different work segments were verified, related to organizational innovation, induction, the process, the strategies for investors, the financial advantage, the challenges and the remuneration of the managers. Therefore, it is concluded that the lack of knowledge and regulation are the main obstacles to the implementation of the securitization of receivables in public administration. The financial increase in budgetary availability exists, however the allocation is the subject of disputes. The research contributes to the dissemination of knowledge in academia, as well as in public organizations.