Desempenho Operacional das Empresas do Setor de Serviços Educacionais Listadas na B3, em Relação ao Incentivo Governamental FIES

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This research aims to analyze the relationship between the government incentive FIES and the operational performance of educational services companies listed on B3. Methodologically, the research is classified as quantitative and descriptive. Methods of calculating accounting indicators and hypothesis tests were used through panel data regression, seeking to describe the relationships between the variables. The results demonstrated that educational services companies listed on B3 benefit from FIES, as this government incentive has a direct and positive effect on their operational performance. For each value captured from FIES financing, these companies show a positive operational result. Therefore, the findings can contribute to other companies in this sector adopting the FIES program, given the potential increase in profitability, return on investment, and consequently, the valuation of their shares.