Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Biblioteca Digital de Teses e Dissertações da UCB |
Texto Completo: | https://bdtd.ucb.br:8443/jspui/handle/tede/2463 |
Resumo: | The process of determining the worth of a company (valuation) aims to calculate the fair value using several methodologies. Considering that, the value of a company is a result of its potential production; valuation methods should measure the capability to generate future benefits from the company's assets, which may be tangible (machinery, stock, etc.) and intangible (brands, the quality of its administration, strategy, etc.). Intangible assets, besides being more difficult to measure, are fundamental to the organization, contributing to the company's value. Several methods have been identified, making more difficult to choose the method to be used. Thus, the present study sought to analyze the main valuation methods and their applications, both those traditionally used and those that used for intangible assets. It was also observed if the governance of the company and involvement in fraud and corruption are considered during the evaluation. The identification of the practices of using which evaluation methods are most appropriate to each type of organization was elaborated from the data collection through the application of a structured questionnaire with professionals of the area and the evaluation of the results by a discussion group composed by specialists. The research findings can contribute to the choice of methods for evaluating companies, depending on their segment, size and concentration of assets: tangible and intangible. The results of this work demonstrate that, despite the existence of several methods of valuation of companies and intangible, the cash flow discounted method is the most used, but can also be complemented by other methods. |
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Streit, Rosalvo Ermeshttp://lattes.cnpq.br/8320780829093601http://lattes.cnpq.br/8025903731827388Bruno, Hamilton2018-09-17T14:58:10Z2018-07-09BRUNO, Hamilton. Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis. 2018. 125 f. Disserta????o (Programa Stricto Sensu em Gest??o do Conhecimento e da Tecnologia da Informa????o) - Universidade Cat??lica de Bras??lia, Bras??lia, 2018.https://bdtd.ucb.br:8443/jspui/handle/tede/2463The process of determining the worth of a company (valuation) aims to calculate the fair value using several methodologies. Considering that, the value of a company is a result of its potential production; valuation methods should measure the capability to generate future benefits from the company's assets, which may be tangible (machinery, stock, etc.) and intangible (brands, the quality of its administration, strategy, etc.). Intangible assets, besides being more difficult to measure, are fundamental to the organization, contributing to the company's value. Several methods have been identified, making more difficult to choose the method to be used. Thus, the present study sought to analyze the main valuation methods and their applications, both those traditionally used and those that used for intangible assets. It was also observed if the governance of the company and involvement in fraud and corruption are considered during the evaluation. The identification of the practices of using which evaluation methods are most appropriate to each type of organization was elaborated from the data collection through the application of a structured questionnaire with professionals of the area and the evaluation of the results by a discussion group composed by specialists. The research findings can contribute to the choice of methods for evaluating companies, depending on their segment, size and concentration of assets: tangible and intangible. The results of this work demonstrate that, despite the existence of several methods of valuation of companies and intangible, the cash flow discounted method is the most used, but can also be complemented by other methods.O processo de avalia????o de uma empresa (valuation) tem como objetivo calcular o valor justo (fair value), sendo que esse c??lculo pode ser realizado mediante a utiliza????o de diversas metodologias. Considerando que o valor de uma empresa ?? representado pelo o que poder?? produzir, os m??todos de avalia????o devem, em princ??pio, mensurar a capacidade de gera????o de benef??cios futuros, originados dos ativos da empresa, que podem estar sob a forma de ativos tang??veis (im??veis, m??quinas, estoques, etc.) e intang??veis (marcas, a qualidade de sua administra????o, sua estrat??gia, etc.). Os ativos intang??veis al??m de apresentarem maior dificuldade de serem mensurados, possuem import??ncia fundamental na medida em que seu adequado gerenciamento gera vantagens competitivas ?? organiza????o, contribuindo para a alavancagem do valor da empresa. Foram identificados diversos m??todos, o que dificulta a escolha do procedimento a ser empregado. Assim, o presente estudo buscou verificar a aplica????o dos principais m??todos de avalia????o, tanto os tradicionalmente utilizados, como os que tratam de avali????o dos ativos intang??veis. Procurou-se observar se a governan??a da empresa e envolvimento em fraudes e corrup????o s??o consideradas quando da avalia????o. A identifica????o das pr??ticas de utiliza????o de quais m??todos de avalia????o s??o mais adequados a cada tipo de organiza????o foi elaborado a partir da coleta de dados mediante a aplica????o de um question??rio estruturado com profissionais da ??rea e da avalia????o dos resultados por um grupo de discuss??o composto por especialistas. Os achados da pesquisa podem contribuir para a escolha de m??todos para avalia????es de empresas, em fun????o do seu segmento, porte e concentra????o de ativos: tang??veis e intang??veis. Os resultados deste trabalho demonstram que, apesar da exist??ncia de diversos m??todos de avalia????o de empresas e de intang??veis, o m??todo do fluxo de caixa descontado ?? o de maior utiliza????o, podendo, por??m, ser complementado por outros m??todos.Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-09-17T14:57:23Z No. of bitstreams: 1 HamiltonBrunoDissertacao2018.pdf: 3908365 bytes, checksum: 9e0df17bd246aecffba4df5794e8a7ac (MD5)Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-09-17T14:58:10Z (GMT) No. of bitstreams: 1 HamiltonBrunoDissertacao2018.pdf: 3908365 bytes, checksum: 9e0df17bd246aecffba4df5794e8a7ac (MD5)Made available in DSpace on 2018-09-17T14:58:10Z (GMT). No. of bitstreams: 1 HamiltonBrunoDissertacao2018.pdf: 3908365 bytes, checksum: 9e0df17bd246aecffba4df5794e8a7ac (MD5) Previous issue date: 2018-07-09application/pdfhttps://bdtd.ucb.br:8443/jspui/retrieve/5941/HamiltonBrunoDissertacao2018.pdf.jpgporUniversidade Cat??lica de Bras??liaPrograma Stricto Sensu em Gest??o do Conhecimento e da Tecnologia da Informa????oUCBBrasilEscola de Educa????o, Tecnologia e Comunica????oValuationAtivos tang??veisAtivos intang??veisAvalia????o de empresasValuation methodsIntangible assetsTangible assetsCNPQ::CIENCIAS SOCIAIS APLICADAS::CIENCIA DA INFORMACAOIdentifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veisinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Biblioteca Digital de Teses e Dissertações da UCBinstname:Universidade Católica de Brasília (UCB)instacron:UCBLICENSElicense.txtlicense.txttext/plain; charset=utf-81831https://200.214.135.178:8443/jspui/bitstream/tede/2463/1/license.txtd7d5e5ec75089f122abe937645a56120MD51ORIGINALHamiltonBrunoDissertacao2018.pdfHamiltonBrunoDissertacao2018.pdfapplication/pdf3908365https://200.214.135.178:8443/jspui/bitstream/tede/2463/2/HamiltonBrunoDissertacao2018.pdf9e0df17bd246aecffba4df5794e8a7acMD52TEXTHamiltonBrunoDissertacao2018.pdf.txtHamiltonBrunoDissertacao2018.pdf.txttext/plain221108https://200.214.135.178:8443/jspui/bitstream/tede/2463/3/HamiltonBrunoDissertacao2018.pdf.txtfcb48b7e55ec549e6a782b622866acb3MD53THUMBNAILHamiltonBrunoDissertacao2018.pdf.jpgHamiltonBrunoDissertacao2018.pdf.jpgimage/jpeg5517https://200.214.135.178:8443/jspui/bitstream/tede/2463/4/HamiltonBrunoDissertacao2018.pdf.jpg306039731f54cc38d1eeebaa91a627d0MD54tede/24632018-09-18 01:08:53.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Biblioteca Digital de Teses e Dissertaçõeshttps://bdtd.ucb.br:8443/jspui/ |
dc.title.por.fl_str_mv |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
title |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
spellingShingle |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis Bruno, Hamilton Valuation Ativos tang??veis Ativos intang??veis Avalia????o de empresas Valuation methods Intangible assets Tangible assets CNPQ::CIENCIAS SOCIAIS APLICADAS::CIENCIA DA INFORMACAO |
title_short |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
title_full |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
title_fullStr |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
title_full_unstemmed |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
title_sort |
Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis |
author |
Bruno, Hamilton |
author_facet |
Bruno, Hamilton |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Streit, Rosalvo Ermes |
dc.contributor.advisor1Lattes.fl_str_mv |
http://lattes.cnpq.br/8320780829093601 |
dc.contributor.authorLattes.fl_str_mv |
http://lattes.cnpq.br/8025903731827388 |
dc.contributor.author.fl_str_mv |
Bruno, Hamilton |
contributor_str_mv |
Streit, Rosalvo Ermes |
dc.subject.por.fl_str_mv |
Valuation Ativos tang??veis Ativos intang??veis Avalia????o de empresas Valuation methods Intangible assets Tangible assets |
topic |
Valuation Ativos tang??veis Ativos intang??veis Avalia????o de empresas Valuation methods Intangible assets Tangible assets CNPQ::CIENCIAS SOCIAIS APLICADAS::CIENCIA DA INFORMACAO |
dc.subject.cnpq.fl_str_mv |
CNPQ::CIENCIAS SOCIAIS APLICADAS::CIENCIA DA INFORMACAO |
dc.description.abstract.eng.fl_txt_mv |
The process of determining the worth of a company (valuation) aims to calculate the fair value using several methodologies. Considering that, the value of a company is a result of its potential production; valuation methods should measure the capability to generate future benefits from the company's assets, which may be tangible (machinery, stock, etc.) and intangible (brands, the quality of its administration, strategy, etc.). Intangible assets, besides being more difficult to measure, are fundamental to the organization, contributing to the company's value. Several methods have been identified, making more difficult to choose the method to be used. Thus, the present study sought to analyze the main valuation methods and their applications, both those traditionally used and those that used for intangible assets. It was also observed if the governance of the company and involvement in fraud and corruption are considered during the evaluation. The identification of the practices of using which evaluation methods are most appropriate to each type of organization was elaborated from the data collection through the application of a structured questionnaire with professionals of the area and the evaluation of the results by a discussion group composed by specialists. The research findings can contribute to the choice of methods for evaluating companies, depending on their segment, size and concentration of assets: tangible and intangible. The results of this work demonstrate that, despite the existence of several methods of valuation of companies and intangible, the cash flow discounted method is the most used, but can also be complemented by other methods. |
dc.description.abstract.por.fl_txt_mv |
O processo de avalia????o de uma empresa (valuation) tem como objetivo calcular o valor justo (fair value), sendo que esse c??lculo pode ser realizado mediante a utiliza????o de diversas metodologias. Considerando que o valor de uma empresa ?? representado pelo o que poder?? produzir, os m??todos de avalia????o devem, em princ??pio, mensurar a capacidade de gera????o de benef??cios futuros, originados dos ativos da empresa, que podem estar sob a forma de ativos tang??veis (im??veis, m??quinas, estoques, etc.) e intang??veis (marcas, a qualidade de sua administra????o, sua estrat??gia, etc.). Os ativos intang??veis al??m de apresentarem maior dificuldade de serem mensurados, possuem import??ncia fundamental na medida em que seu adequado gerenciamento gera vantagens competitivas ?? organiza????o, contribuindo para a alavancagem do valor da empresa. Foram identificados diversos m??todos, o que dificulta a escolha do procedimento a ser empregado. Assim, o presente estudo buscou verificar a aplica????o dos principais m??todos de avalia????o, tanto os tradicionalmente utilizados, como os que tratam de avali????o dos ativos intang??veis. Procurou-se observar se a governan??a da empresa e envolvimento em fraudes e corrup????o s??o consideradas quando da avalia????o. A identifica????o das pr??ticas de utiliza????o de quais m??todos de avalia????o s??o mais adequados a cada tipo de organiza????o foi elaborado a partir da coleta de dados mediante a aplica????o de um question??rio estruturado com profissionais da ??rea e da avalia????o dos resultados por um grupo de discuss??o composto por especialistas. Os achados da pesquisa podem contribuir para a escolha de m??todos para avalia????es de empresas, em fun????o do seu segmento, porte e concentra????o de ativos: tang??veis e intang??veis. Os resultados deste trabalho demonstram que, apesar da exist??ncia de diversos m??todos de avalia????o de empresas e de intang??veis, o m??todo do fluxo de caixa descontado ?? o de maior utiliza????o, podendo, por??m, ser complementado por outros m??todos. |
description |
The process of determining the worth of a company (valuation) aims to calculate the fair value using several methodologies. Considering that, the value of a company is a result of its potential production; valuation methods should measure the capability to generate future benefits from the company's assets, which may be tangible (machinery, stock, etc.) and intangible (brands, the quality of its administration, strategy, etc.). Intangible assets, besides being more difficult to measure, are fundamental to the organization, contributing to the company's value. Several methods have been identified, making more difficult to choose the method to be used. Thus, the present study sought to analyze the main valuation methods and their applications, both those traditionally used and those that used for intangible assets. It was also observed if the governance of the company and involvement in fraud and corruption are considered during the evaluation. The identification of the practices of using which evaluation methods are most appropriate to each type of organization was elaborated from the data collection through the application of a structured questionnaire with professionals of the area and the evaluation of the results by a discussion group composed by specialists. The research findings can contribute to the choice of methods for evaluating companies, depending on their segment, size and concentration of assets: tangible and intangible. The results of this work demonstrate that, despite the existence of several methods of valuation of companies and intangible, the cash flow discounted method is the most used, but can also be complemented by other methods. |
publishDate |
2018 |
dc.date.accessioned.fl_str_mv |
2018-09-17T14:58:10Z |
dc.date.issued.fl_str_mv |
2018-07-09 |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/masterThesis |
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dc.identifier.citation.fl_str_mv |
BRUNO, Hamilton. Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis. 2018. 125 f. Disserta????o (Programa Stricto Sensu em Gest??o do Conhecimento e da Tecnologia da Informa????o) - Universidade Cat??lica de Bras??lia, Bras??lia, 2018. |
dc.identifier.uri.fl_str_mv |
https://bdtd.ucb.br:8443/jspui/handle/tede/2463 |
identifier_str_mv |
BRUNO, Hamilton. Identifica????o das pr??ticas de avalia????o de empresas com ativos tang??veis e intang??veis. 2018. 125 f. Disserta????o (Programa Stricto Sensu em Gest??o do Conhecimento e da Tecnologia da Informa????o) - Universidade Cat??lica de Bras??lia, Bras??lia, 2018. |
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https://bdtd.ucb.br:8443/jspui/handle/tede/2463 |
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por |
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Universidade Cat??lica de Bras??lia |
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Programa Stricto Sensu em Gest??o do Conhecimento e da Tecnologia da Informa????o |
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UCB |
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Brasil |
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Escola de Educa????o, Tecnologia e Comunica????o |
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Universidade Cat??lica de Bras??lia |
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