Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured
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Data de Publicação: | 2017 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista ENIAC pesquisa |
Texto Completo: | http://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/489 |
Resumo: | Private equity analyze the financial statements in an objective and practical way, focusing on the quantitative information and, frequently, are surprised by non-recorded situations, but only disclosed ones that affect the profitability of its investments. Therefore, the objective of this study was to develop a performance analysis structure of the Brazilian companies, based on the literature, corroborated by the information disclosed in their financial statements in order to supporting the private equity investors to estimate the value of an entity. It was made a bibliographic research, aiming to identify the relevant elements to valuate a company, what resulted in the developed referred structure. It was performed a cross check between the terms presented in the performance analysis structure and the content presented in the financial statement of the four companies registered in the Bovespa Mais, part of the Clean Energy and Information Technology segments. Observed a high level index of presence of the items part of the developed structure in the financial statements of the analyzed companies, which corroborate the possibility of using such structure in the process of estimating the value of a company. |
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Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosuredAnálise das demonstrações contábeis: uma estrutura de avaliação de desempenho das companhias brasileiras pelos private equity a partir das informações divulgadasValuationPerformance analysisDisclosurePrivate equity.ValuationAvaliação de desempenhoInformações divulgadasPrivate equityPrivate equity analyze the financial statements in an objective and practical way, focusing on the quantitative information and, frequently, are surprised by non-recorded situations, but only disclosed ones that affect the profitability of its investments. Therefore, the objective of this study was to develop a performance analysis structure of the Brazilian companies, based on the literature, corroborated by the information disclosed in their financial statements in order to supporting the private equity investors to estimate the value of an entity. It was made a bibliographic research, aiming to identify the relevant elements to valuate a company, what resulted in the developed referred structure. It was performed a cross check between the terms presented in the performance analysis structure and the content presented in the financial statement of the four companies registered in the Bovespa Mais, part of the Clean Energy and Information Technology segments. Observed a high level index of presence of the items part of the developed structure in the financial statements of the analyzed companies, which corroborate the possibility of using such structure in the process of estimating the value of a company.Os private equity analisam as demonstrações financeiras de maneira objetiva, prática, focando as informações quantitativas e, com certa frequência, têm sido surpreendidos por situações que não estavam registradas nas demonstrações contábeis, mas somente divulgadas e que afetam a rentabilidade de seus investimentos. Diante do exposto, o objetivo deste estudo foi desenvolver uma estrutura de avaliação de desempenho de companhias brasileiras, corroborada com as informações divulgadas em suas demonstrações financeiras, a fim de auxiliar os investidores de private equity em estimar o valor de uma entidade. Para construção da pesquisa foi realizada pesquisa bibliográfica, com a finalidade de identificar os elementos relevantes na avaliação das empresas e foi desenvolvida a referida estrutura. Efetuou-se, ainda, uma triangulação entre os itens mencionados na estrutura de avaliação de desempenho e as informações apresentadas nas demonstrações financeiras das quatro empresas registradas no Bovespa Mais, dos segmentos de Energia Renovável e Tecnologia da Informação. Obteve-se como amostra as demonstrações financeiras com exercício em 31.12.2014 das empresas listadas no Bovespa Mais, que atuam nos segmentos de energia e energias renováveis, agronegócio e tecnologia da informação, sendo essas: a) Energia Renovável: Cia Águas do Brasil – CAB Ambiental e Desenvix Energias Renováveis S. A.; b) Tecnologia da Informação: Quality Software S.A. e Senior Solution S.A. Observou-se que há um o alto índice da presença dos itens da estrutura desenvolvida nas demonstrações financeiras das empresas analisadas, o que corrobora a possibilidade de utilização de tal estrutura no processo de estimação do valor de uma empresa.Centro Universitário ENIAC2017-12-23info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/48910.22567/rep.v6i2.489Revista Eniac Pesquisa; Vol. 6 No. 2 (2017); 271-295REVISTA ENIAC PESQUISA; Vol. 6 Núm. 2 (2017); 271-295REVISTA ENIAC PESQUISA; v. 6 n. 2 (2017); 271-2952316-234110.22567/rep.v6i2reponame:Revista ENIAC pesquisainstname:Centro Universitário Eniacinstacron:ENIACporhttp://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/489/pdfCopyright (c) 2017 REVISTA ENIAC PESQUISAhttps://creativecommons.org/licenses/by-nc-nd/4.0info:eu-repo/semantics/openAccessCaetano, AdrianaCandido Pereira, AnísioSeverino Peters, Marcos Reinaldode Almeida Santos, Fernando2021-07-06T17:33:59Zoai:ojs.pkp.sfu.ca:article/489Revistahttps://ojs.eniac.com.br/index.php/EniacPesquisahttp://ojs.eniac.com.br/index.php/EniacPesquisa/oai||revistaeniacpesquisa@fernandoasantos.com.br2316-23412316-2341opendoar:2021-07-06T17:33:59Revista ENIAC pesquisa - Centro Universitário Eniacfalse |
dc.title.none.fl_str_mv |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured Análise das demonstrações contábeis: uma estrutura de avaliação de desempenho das companhias brasileiras pelos private equity a partir das informações divulgadas |
title |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
spellingShingle |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured Caetano, Adriana Valuation Performance analysis Disclosure Private equity. Valuation Avaliação de desempenho Informações divulgadas Private equity |
title_short |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
title_full |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
title_fullStr |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
title_full_unstemmed |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
title_sort |
Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured |
author |
Caetano, Adriana |
author_facet |
Caetano, Adriana Candido Pereira, Anísio Severino Peters, Marcos Reinaldo de Almeida Santos, Fernando |
author_role |
author |
author2 |
Candido Pereira, Anísio Severino Peters, Marcos Reinaldo de Almeida Santos, Fernando |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Caetano, Adriana Candido Pereira, Anísio Severino Peters, Marcos Reinaldo de Almeida Santos, Fernando |
dc.subject.por.fl_str_mv |
Valuation Performance analysis Disclosure Private equity. Valuation Avaliação de desempenho Informações divulgadas Private equity |
topic |
Valuation Performance analysis Disclosure Private equity. Valuation Avaliação de desempenho Informações divulgadas Private equity |
description |
Private equity analyze the financial statements in an objective and practical way, focusing on the quantitative information and, frequently, are surprised by non-recorded situations, but only disclosed ones that affect the profitability of its investments. Therefore, the objective of this study was to develop a performance analysis structure of the Brazilian companies, based on the literature, corroborated by the information disclosed in their financial statements in order to supporting the private equity investors to estimate the value of an entity. It was made a bibliographic research, aiming to identify the relevant elements to valuate a company, what resulted in the developed referred structure. It was performed a cross check between the terms presented in the performance analysis structure and the content presented in the financial statement of the four companies registered in the Bovespa Mais, part of the Clean Energy and Information Technology segments. Observed a high level index of presence of the items part of the developed structure in the financial statements of the analyzed companies, which corroborate the possibility of using such structure in the process of estimating the value of a company. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-23 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/489 10.22567/rep.v6i2.489 |
url |
http://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/489 |
identifier_str_mv |
10.22567/rep.v6i2.489 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
http://ojs.eniac.com.br/index.php/EniacPesquisa/article/view/489/pdf |
dc.rights.driver.fl_str_mv |
Copyright (c) 2017 REVISTA ENIAC PESQUISA https://creativecommons.org/licenses/by-nc-nd/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2017 REVISTA ENIAC PESQUISA https://creativecommons.org/licenses/by-nc-nd/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Centro Universitário ENIAC |
publisher.none.fl_str_mv |
Centro Universitário ENIAC |
dc.source.none.fl_str_mv |
Revista Eniac Pesquisa; Vol. 6 No. 2 (2017); 271-295 REVISTA ENIAC PESQUISA; Vol. 6 Núm. 2 (2017); 271-295 REVISTA ENIAC PESQUISA; v. 6 n. 2 (2017); 271-295 2316-2341 10.22567/rep.v6i2 reponame:Revista ENIAC pesquisa instname:Centro Universitário Eniac instacron:ENIAC |
instname_str |
Centro Universitário Eniac |
instacron_str |
ENIAC |
institution |
ENIAC |
reponame_str |
Revista ENIAC pesquisa |
collection |
Revista ENIAC pesquisa |
repository.name.fl_str_mv |
Revista ENIAC pesquisa - Centro Universitário Eniac |
repository.mail.fl_str_mv |
||revistaeniacpesquisa@fernandoasantos.com.br |
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