Creation and distribution of wealth in higher education institutions: evidence from the brazilian capital market

Abstract

This study analyzes how the creation and distribution of wealth occurs in Brazilian Higher Education Institutions (HEINS) which are organized as corporations listed in Brazilian Securities, Commodities, and Futures Exchange (Bolsa de Valores, Mercadorias e Futuros de São Paulo – BM&FBovespa). It theoretically articulates the body of knowledge about corporate social responsibility (CSR), social balance, and the Value Added Statement (VAS). VAS is a bookkeeping statement that shows data on companies’ creation and distribution of wealth. As to methodology, this study is of a quantitative, descriptive nature. Data from five companies, in the period between 2010 and 2015, were collected through a tool called “Comdinheiro”. Then, they were analyzed through descriptive statistics of the indicators of creation and distribution of wealth. Results indicate the creation of roughly 27.8 billion reals (Brazilian currency) in wealth throughout the period. Personnel was the agent that received the largest portion in the distribution of the wealth created, which suggests consistency with regard to those companies’ activity – higher education. Results imply the necessity of comparatively reconsidering the socially responsible operation of for-profit organizations and nonprofit institutions, especially as to their social role, transparency and accountability to Brazilian society.

Keywords

• Responsabilidade social corporativa
• Demonstração de valor adicionado
• Instituição de educação superior
• Mercado de capitais brasileiro
• Companhias abertas