A influência das características dos gestores no reconhecimento do valor do Goodwill em empresas da B3
Nenhuma Miniatura disponível
Data
2023-05-14
Autores
Título da Revista
ISSN da Revista
Título de Volume
Editor
Universidade Federal de Goiás
Resumo
The measurement of transaction values in merger and acquisition processes,
as well as the recognition of the value paid for future profitability expectations
- goodwill, affect the financial position and public perception of the company
(Detzen et al, 2012). Studying the factors that affect the formation of goodwill
is relevant due to the possible impact of recognizing its value on the
company's balance sheet structure. In this sense, the objective of this
research is to investigate the influence of manager characteristics on the
recognized value of goodwill in publicly traded companies on the B3 exchange,
which have undergone M&A processes. To achieve the proposed objective,
publicly traded companies with shares traded on the Brazilian stock exchange,
called B3 (Brasil Bolsa Balcão), were selected. To compose the database with
the analyzed variables, information from the balance sheet reports of all
companies on the B3 exchange between the periods of 2010 and 2021 was
collected to verify and catalog companies that recognized values as goodwill.
After defining which statements have these records, the explanatory notes in
financial reports were analyzed to collect transaction values in M&A
operations. Additionally, other relevant information was validated and
manually collected. Managerial information was obtained from non-financial
reports and/or through manual search on various websites. The final sample of
the research comprises 281 companies. Multivariate regression was used to
estimate the impact of financial incentive and personal characteristics of
managers on the recognized value of goodwill. The results confirmed the
positive association of the variable of received bonuses and the negative
association of the variable of age with the recognized value of goodwill. The
findings of the research contribute to the discussion of the subject from the
perspective of cognitive, empirical, and personal values, as it relates to the
dynamics of decision-making based on managerial characteristics.
Descrição
Palavras-chave
Citação
MIRANDA FILHO, S. S. A influência das características dos gestores no reconhecimento do valor do Goodwill em empresas da B3. 2023. 81 f. Dissertação (Mestrado em Ciências Contábeis) - Universidade Federal de Goiás, Goiânia, 2023.