DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION

Detalhes bibliográficos
Autor(a) principal: Torres Salazar, German
Data de Publicação: 2013
Outros Autores: de Oliveira, Letícia
Tipo de documento: Artigo
Idioma: por
Título da fonte: REAd (Porto Alegre. Online)
Texto Completo: https://seer.ufrgs.br/index.php/read/article/view/42504
Resumo: Due to competitiveness, fast-changing businesses and the globalization of markets demand that enterprise managers adopt increasingly efficient attitudes and techniques, allowing for the management to concentrate in increasing the owners’ wealth by eliminating the distortions that result from using historic data of traditional accounting records. A company’s success is measured by its capacity to generate wealth for its owners in a given time and not merely by a quick view of accounting results. The goal of this paper is to analyze the basic determinants of value creative enterprise management. These determinants were conceptualized using the distinguishing capacities and financial strategies variables. The sample was composed of 235 companies from the various sectors of Brazilian economy. The data were analyzed with multivariate analysis, checking for the existence of significant differences among the companies studied. It was verified that “operational” financial strategies and distinguishing capacities of “business relations” were more intensely used by value creative companies.  Value destructive companies made more intense use of “operational” financial strategies and distinguishing capacities of “business relations”. The distinguishing difference between value creative and value destructive companies was established by the real evolution stability, that is, by the operational returns stability.
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spelling DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTIONCAPACIDADES DIFERENCIADORAS Y ESTRATEGIAS FINANCIERAS DE GESTIÓN EMPRESARIAL PARA LA CREACIÓN Y DESTRUCCIÓN DE VALORCAPACIDADES DIFERENCIADORAS E ESTRATÉGIAS FINANCEIRAS DE GESTÃO EMPRESARIAL PARA A CRIAÇÃO E DESTRUIÇÃO DE VALOREnterprise managementdeterminants of economic value addedGestión empresarialfactores determinantes de valor económico agregadoGestão empresarialdeterminantes do valor econômico agregadoDue to competitiveness, fast-changing businesses and the globalization of markets demand that enterprise managers adopt increasingly efficient attitudes and techniques, allowing for the management to concentrate in increasing the owners’ wealth by eliminating the distortions that result from using historic data of traditional accounting records. A company’s success is measured by its capacity to generate wealth for its owners in a given time and not merely by a quick view of accounting results. The goal of this paper is to analyze the basic determinants of value creative enterprise management. These determinants were conceptualized using the distinguishing capacities and financial strategies variables. The sample was composed of 235 companies from the various sectors of Brazilian economy. The data were analyzed with multivariate analysis, checking for the existence of significant differences among the companies studied. It was verified that “operational” financial strategies and distinguishing capacities of “business relations” were more intensely used by value creative companies.  Value destructive companies made more intense use of “operational” financial strategies and distinguishing capacities of “business relations”. The distinguishing difference between value creative and value destructive companies was established by the real evolution stability, that is, by the operational returns stability.La competitividad, la velocidad de las transformaciones de los negocios y la globalización de los mercados exigen de los gestores empresariales actitudes y técnicas cada vez más eficaces, permitiendo que la administración se concentre en el incremento de la riqueza para los propietarios, eliminando las distorciones derivadas de la utilización de datos históricos de los registros contables tradicionales. El éxito de una empresa se mide por su capacidad de crear riqueza a sus propietarios en un determinado tiempo y no solamente por una visión efímera de los resultados contables. El presente trabajo tiene el objetivo de analizar los factores determinantes básicos de la gestión empresarial creadora de valor. Estos factores fueron conceptualizados a través de las variables capacidades diferenciadoras y estrategias financieras. La muestra está constituida por 235 empresas de los distintos sectores de la economía brasileña, elegidas de forma aleatoria. Se analizaron los datos a través del análisis multivariado, buscando identificar la existencia de diferencias significativas entre las empresas estudiadas. Se observó que las empresas que crearon valor utilizaron con mayor intensidad estrategias financieras “operacionales” y capacidades diferenciadoras de “relaciones de negocios”. Las empresas destructoras de valor utilizan con más intensidad estrategias financieras “operacionales” y capacidades diferenciadoras de “relaciones de negocios”. La diferencia significativa entre las empresas que crearon valor respecto de las que no lo crearon estuvo determinada por la estabilidad de la evolución real, es decir, por la estabilidad de los retornos operacionales.Dada a competitividade, a velocidade das transformações dos negócios e a globalização dos mercados exigem dos gestores empresariais atitudes e técnicas cada vez mais eficazes permitindo à administração concentrar-se no incremento da riqueza aos proprietários eliminando as distorções resultantes da utilização de dados históricos dos registros contábeis tradicionais. O sucesso de uma empresa é medido pela sua capacidade de criar riqueza a seus proprietários num determinado tempo e não simplesmente numa visão efêmera dos resultados contábeis. O presente trabalho objetiva analisar determinantes básicos da gestão empresarial criadora de valor. Estes determinantes foram conceituados por meio das variáveis capacidades diferenciadoras e estratégias financeiras. A amostra foi composta de 235 empresas aleatórias dos diversos setores da economia brasileira. Os dados foram analisados por meio da análise multivariada, verificando se existem diferenças significativas entre as empresas estudadas. Observou-se que as empresas que criaram valor utilizaram com maior intensidade estratégias financeiras “operacionais” e capacidades diferenciadoras de “relações de negócios”. As empresas destruidoras de valor utilizam com mais intensidade estratégias financeiras “operacionais” e capacidades diferenciadoras “relações de negócios”. A diferença marcante entre as empresas que criaram valor daquelas que não criaram foi determinada pela estabilidade da evolução real, ou seja, pela estabilidade dos retornos operacionais.Universidade Federal do Rio Grande do Sul2013-09-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionScientific article;Artículo científico;Avaliado pelos paresartigo científico;application/pdfhttps://seer.ufrgs.br/index.php/read/article/view/42504Electronic Review of Administration; Vol. 10 No. 3 (2004): Edição 39 - mai/jun 2004Revista Electrónica de Administración; Vol. 10 Núm. 3 (2004): Edição 39 - mai/jun 2004Revista Eletrônica de Administração; v. 10 n. 3 (2004): Edição 39 - mai/jun 20041413-23111980-4164reponame:REAd (Porto Alegre. Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/read/article/view/42504/26914Torres Salazar, Germande Oliveira, Letíciainfo:eu-repo/semantics/openAccess2013-09-10T15:21:58Zoai:seer.ufrgs.br:article/42504Revistahttp://seer.ufrgs.br/index.php/read/indexPUBhttps://seer.ufrgs.br/read/oaiea_read@ufrgs.br1413-23111413-2311opendoar:2013-09-10T15:21:58REAd (Porto Alegre. Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
CAPACIDADES DIFERENCIADORAS Y ESTRATEGIAS FINANCIERAS DE GESTIÓN EMPRESARIAL PARA LA CREACIÓN Y DESTRUCCIÓN DE VALOR
CAPACIDADES DIFERENCIADORAS E ESTRATÉGIAS FINANCEIRAS DE GESTÃO EMPRESARIAL PARA A CRIAÇÃO E DESTRUIÇÃO DE VALOR
title DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
spellingShingle DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
Torres Salazar, German
Enterprise management
determinants of economic value added
Gestión empresarial
factores determinantes de valor económico agregado
Gestão empresarial
determinantes do valor econômico agregado
title_short DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
title_full DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
title_fullStr DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
title_full_unstemmed DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
title_sort DISTINGUISHING CAPACITIES AND FINANCIAL STRATEGIES OF ENTERPRISE MANAGEMENT FOR VALUE CREATION AND DESTRUCTION
author Torres Salazar, German
author_facet Torres Salazar, German
de Oliveira, Letícia
author_role author
author2 de Oliveira, Letícia
author2_role author
dc.contributor.author.fl_str_mv Torres Salazar, German
de Oliveira, Letícia
dc.subject.por.fl_str_mv Enterprise management
determinants of economic value added
Gestión empresarial
factores determinantes de valor económico agregado
Gestão empresarial
determinantes do valor econômico agregado
topic Enterprise management
determinants of economic value added
Gestión empresarial
factores determinantes de valor económico agregado
Gestão empresarial
determinantes do valor econômico agregado
description Due to competitiveness, fast-changing businesses and the globalization of markets demand that enterprise managers adopt increasingly efficient attitudes and techniques, allowing for the management to concentrate in increasing the owners’ wealth by eliminating the distortions that result from using historic data of traditional accounting records. A company’s success is measured by its capacity to generate wealth for its owners in a given time and not merely by a quick view of accounting results. The goal of this paper is to analyze the basic determinants of value creative enterprise management. These determinants were conceptualized using the distinguishing capacities and financial strategies variables. The sample was composed of 235 companies from the various sectors of Brazilian economy. The data were analyzed with multivariate analysis, checking for the existence of significant differences among the companies studied. It was verified that “operational” financial strategies and distinguishing capacities of “business relations” were more intensely used by value creative companies.  Value destructive companies made more intense use of “operational” financial strategies and distinguishing capacities of “business relations”. The distinguishing difference between value creative and value destructive companies was established by the real evolution stability, that is, by the operational returns stability.
publishDate 2013
dc.date.none.fl_str_mv 2013-09-09
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Scientific article;
Artículo científico;
Avaliado pelos pares
artigo científico;
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/read/article/view/42504
url https://seer.ufrgs.br/index.php/read/article/view/42504
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/read/article/view/42504/26914
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Federal do Rio Grande do Sul
publisher.none.fl_str_mv Universidade Federal do Rio Grande do Sul
dc.source.none.fl_str_mv Electronic Review of Administration; Vol. 10 No. 3 (2004): Edição 39 - mai/jun 2004
Revista Electrónica de Administración; Vol. 10 Núm. 3 (2004): Edição 39 - mai/jun 2004
Revista Eletrônica de Administração; v. 10 n. 3 (2004): Edição 39 - mai/jun 2004
1413-2311
1980-4164
reponame:REAd (Porto Alegre. Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str REAd (Porto Alegre. Online)
collection REAd (Porto Alegre. Online)
repository.name.fl_str_mv REAd (Porto Alegre. Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ea_read@ufrgs.br
_version_ 1799766204110340096

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