O valor do capital intelectual em fusões e aquisições: Um estudo sobre o setor de Programas e Serviços de TI na B3
Arquivos
Data
2022-02-01
Autores
Galvão, Aline 
Orientadores
Fernandes, Francisco Carlos
Tipo
Trabalho de conclusão de curso
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ISSN da Revista
Título de Volume
Resumo
De acordo com a norma 15 do Comitê de Pronunciamentos Contábeis - CPC 15, a combinação de negócios, conhecida também como Fusões e Aquisições (ou Merging and Acquisitions ou M&A em inglês), é o evento em que uma empresa adquirente obtém um ou mais negócios a fim de atingir objetivos estratégicos. Entretanto, o valor pelo qual a entidade é negociada também depende do montante que o comprador está disposto a pagar, interesses do momento, valores emocionais, dentre outros fatores, assim tal valor pode ser diferente daquele apresentado nos demonstrativos contábeis. Entre os motivos que atuam nesta diferença, está o Capital Intelectual. Este componente faz parte do ativo intangível da companhia, e tem como premissa garantir à entidade lucros acima da média no mercado e vantagem competitiva entre empresas do mesmo setor. A presente pesquisa investigou quatro empresas do setor de Tecnologia da Informação e subsetor Programas e Serviços da Bolsa de Valores de São Paulo, e apontou a relação existente entre o processo de aquisição de empresas e a influência exercida pelo Capital Intelectual durante a negociação, no período entre 2016 e 2020.
In accordance with the norm 15 of Accounting Pronouncements Committee - CPC 15, the combination of business, which is well known as Merging and Acquisitions or M&A, is the event when an acquiring company obtains one or more types of business in order to reach strategic goals. However, the value on which the entity is negotiated also depends on the amount that the purchaser wants to pay for it, interest sof the moment, emotional values, among other factors, so the final value may be different from the one that is presented in the financial statements. Among the reasons for such difference, the intellectual capital is found. This component is part of the intangible asset of the company, which has as premise assuring profits above the average found in the market as well as a competitive advantage in the sector. The present research studied four companies in the segment of Information Technology and the subsector Programs and Services of São Paulo Stock Exchange, and it showed the connection between the company acquisition process and the influence of the intellectual capital during the negotiation from 2016 to 2020.
In accordance with the norm 15 of Accounting Pronouncements Committee - CPC 15, the combination of business, which is well known as Merging and Acquisitions or M&A, is the event when an acquiring company obtains one or more types of business in order to reach strategic goals. However, the value on which the entity is negotiated also depends on the amount that the purchaser wants to pay for it, interest sof the moment, emotional values, among other factors, so the final value may be different from the one that is presented in the financial statements. Among the reasons for such difference, the intellectual capital is found. This component is part of the intangible asset of the company, which has as premise assuring profits above the average found in the market as well as a competitive advantage in the sector. The present research studied four companies in the segment of Information Technology and the subsector Programs and Services of São Paulo Stock Exchange, and it showed the connection between the company acquisition process and the influence of the intellectual capital during the negotiation from 2016 to 2020.