Capital financialization in higher education with private profit in Brazil (2007-2012)

Author(s)

Fábio Luciano Oliveira Costa

• Document type: Doctoral Thesis
• Press: São Paulo.
• Institution: Universidade de São Paulo (USP). Faculdade de Educação (FE/SBD)
• Defense date: 2016-08-11

Examining board members

Romualdo Luiz Portela de Oliveira; Gladys Beatriz Barreyro; Giselle Cristina Martins Real; Valdemar Sguissardi; Angela Carvalho de Siqueira

• Advisor: Romualdo Luiz Portela de Oliveira

Abstract

This work has as main objective the research about the process of financialisation of capital in higher education of the for-profit private sector in Brazil (2007-2012), through the studies of educational companies Anhanguera Educacional Participações S.A., the Estácio Participações S.A. and Kroton Educacional S.A. With the bibliographical revision of works relevant to the theme, how to books, articles, theses, dissertations and texts published in mass media, along with the statistical data provided mainly by governmental institutions and educational undertakings, stardom-discuss the problematics, critically, and insert new theoretical contributions to the educational debate linked to the theme. Even though the matter has aroused concern in recent years an increasing number of researchers, the research on this issue are still quite inadequate. Thus, the main contribution of this text consisted in the analysis of the trajectory of the delimited for the social exercises three companies, where it was possible to observe how, for example, the new corporate management strategies; their insertions on the stock market; the participation of large investment funds (domestic and foreign); small improvements in income distribution in the country in recent years; as well as Government incentives such as scholarships and tax waiver allowed a significant growth for all of them. In addition to the introduction, which presents the work, the text has five parts. In Chapter 1, a review on the legislation and the bibliography linked to higher education, with the focus on the private sector, since the period of the military regime until the first half of 2010. Then, in Chapter 2, working with the statistical data for the higher education, with emphasis on the private sector in particular, especially after the second half of the year 1990, until the end of the year 2000. For Chapter 3, we discuss the commercialization to the level of education, to bring to the debate the issue of international bodies; the quality; public policies for student financing, the tax waiver and scholarships in the private sector; Besides the financialisation of the capital for the private sector higher education in particular. Chapter 4 introduces the debate the issue of corporate management for the three educational companies, with the analysis of some of its documents, as well as sought to characterize the three companies, in the period from 2007 to 2012, through its operational and financial data, in front of the query to a series of documents available in their electronic addresses linked to investor relations. Lastly, the final considerations presented some of the main results of the work. (AU)

• FAPESP's process: 12/22092-1 - Financialization of capital associated with higher education Private for profit in Brazil (2007-2012)
• Grantee: Fábio Luciano Oliveira Costa
• Support Opportunities: Scholarships in Brazil - Doctorate