Mestrado em Ciências Contábeis (FACE)
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Navegando Mestrado em Ciências Contábeis (FACE) por Por Orientador "Pimenta, Daiana Paula"
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Item A influência dos mecanismos internos e externos da governança corporativa no desempenho das aquisições corporativas(Universidade Federal de Goiás, 2021-05-14) Carvalho, Misley Ferreira Viana de; Pimenta, Daiana Paula; http://lattes.cnpq.br/9039708494014835; Pimenta, Daiana Paula; Borsatto, Jaluza Maria Lima Silva; Soares, Juliano LimaAcquisitions are important strategic operations that can result in success when there is positive performance or failure when value is destroyed. The search for the performance of corporate acquisitions combined with the demand for corporate governance issues boosted the development of this research. This study aims to analyze how the internal and external mechanisms of corporate governance influence the performance of corporate acquisitions of publicly traded American companies. The study was carried out with secondary data, organized in a panel, for acquisitions made by American publicly traded companies, in the period from 2009 to 2019, estimated using the Ordinary Least Squares (OLS) regression model. The results demonstrate that the internal mechanisms, representative of the associations' learning history, the ownership structure mechanism, specifically, the presence of ownership concentration in the property, has a positive association of 7% in the performance of the acquirers. Regarding the influence of external mechanisms, those that occur in the environment external to the organization, three positive results were found, results and indicators of the association with the performance of acquisitions, such as the hiring of consultancy in the acquisition operation, the presence of institutional investors in the ownership and the density of the acquisition sector, with 12.8%, 4% and 0.01%, respectively. Additionally, interactions between internal and external mechanisms of corporate governance that influence the performance of acquisitions were found. This study presents theoretical and practical contributions to identify corporate governance mechanisms of companies that are more likely to obtain the best performance when making acquisitions, which can be explored both by research, as well as by management and defined parties.Item Empresas familiares x não familiares: impactos das aquisições corporativas no desempenho da empresa e na remuneração dos executivos(Universidade Federal de Goiás, 2018-03-27) Oliveira, Rafael Manoel de; Pimenta, Daiana Paula; http://lattes.cnpq.br/9039708494014835; Pimenta, Daiana Paula; Cunha, Moisés Ferreira da; Porto, Rafael BarreirosThis study aimed to verify if the acquisitions made by family companies generate better performance than those performed by non-family companies, and if there is a difference between the post-acquisition compensation of executives of family companies and executives from non- family companies of Brazilian companies listed in B3 in the period from 2009 to 2016. The research is supported mainly in the agency relations and the alignment of interests between the principal and the agent, studied by the Agency Theory. Data were collected through Thomson Reuters Ikon and the company reference form. Enterprises were classified as familiar or unfamiliar through the involvement and essential approaches. To achieve the objectives, three multiple regressions were estimated: two related to the performance of acquisitions, with data stacked and a sample of 244 acquisitions (86 companies), and one referring to executive compensation, with a sample of 96 companies with panel data not balanced. The results indicated that: i) Brazilian family firms tend to perform better with corporate acquisitions events compared to non-family acquisitions; and (ii) corporate acquisitions have a greater positive impact on the total remuneration of non-family business executives than on family firms. The results are consistent with the Agency Theory, which says that the gap between ownership and control creates agency conflicts and offers greater opportunities for expropriation by managers.Item Fraudes corporativas: uma análise dos seus determinantes e do seu efeito sobre o desempenho das empresas brasileiras de capital aberto(Universidade Federal de Goiás, 2021-05-14) Scarinci, Thaís Ferraz Barbosa; Pimenta, Daiana Paula; http://lattes.cnpq.br/9039708494014835; Pimenta, Daiana Paula; Borsatto, Jaluza Maria Lima Silva; Cruz, Alethéia Ferreira daDespite the relevance and impact of corporate fraud in the Brazilian market, little is known about the reasons for its occurrence. Previous studies have focused on the prevention and detection of fraud, disregarding what may be the determining factors of this behavior by companies in Brazil. Aiming to fill this gap, this study aimed to identify the determinants of corporate fraud in publicly traded Brazilian companies. As well as verifying the effects of experience in corporate fraud on the market performance of companies. Variables pointed out in the fraud literature in previous studies that are directly linked to the environment in which the firm is inserted and the internal characteristics of the firm itself were used in order to verify whether these variables can be considered as determinants of illegal corporate behavior. Additionally, it was analyzed whether the experience in corporate fraud interacts with the characteristics of the firm and the environment to explain the performance of the companies. Through Logistic Regression, it was identified that profitability, risk of bankruptcy, auditing company, size, political connections, economic scenario and sector are some internal and external characteristics of the company that contribute to explain the occurrence of this illegal behavior, thus determining the probability of occurrence of corporate fraud in the Brazilian market. Subsequently, through multiple linear regression, it was identified that in the presence of fraud experience, only the risk of bankruptcy ceases to be significant in economic and financial performance, allowing the inference that the greater the company's experience in engaging in fraud and the greater your risk of bankruptcy, the greater your performance (measured using Tobin's Q).