| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 1.65 MB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
Face à crescente globalização económica, à internacionalização das empresas e à transformação dos mercados financeiros, é necessário que as empresas consigam avaliar o seu desempenho e perceber se a estratégia está conforme a das outras empresas do seu meio e se permite ultrapassar os obstáculos que enfrentam diariamente. Para tal é necessário que apliquem técnicas de controlo de gestão que permitam obter informação para que os gestores tomem decisões adequadas que assegurem o futuro da organização. Assim, este trabalho pretende verificar se as empresas do Portuguese Stock Index (PSI), adotam o Justo Valor (JV) como base de mensuração dos seus ativos não financeiros de médio e longo prazo e compreender a relação
com as técnicas de controlo de gestão. Para isso, foram analisados os relatórios e contas (RC) das empresas, foram identificadas as empresas que adotam o JV como base de mensuração dos ativos não financeiros e foram calculados vários indicadores de gestão, como o Economic Value Added (EVA), Cash Value Added (CVA) e Market Value Added (MVA). Da análise dos RC aferiu-se que a maioria dos ativos são mensurados pelo custo histórico, não se verificando alterações na política de mensuração dos ativos não financeiros. Os testes estatísticos efetuados às empresas do PSI indiciam que a opção pelo JV como base de mensuração dos ativos não financeiros depende do nível de endividamento e que a adoção do JV não tem influência em
nenhuma das técnicas de controlo de gestão estudadas.
Taking into account the increasing of the economic globalization, the internationalization of the companies and the transformation of the financial markets, companies have to be able to evaluate their performances and understand whether their strategies are in line with other similar companies and if it allows them to overcome the obstacles they face on a daily basis. To reach this goal, they need to apply management control techniques to obtain information so that the business managers can take the correct decisions that ensure the future of the companies. Thus, this dissertation aims to verify whether the companies in the Portuguese Stock Index (PSI) take into account the Fair Value as a basis for measuring their medium and long-term non-financial assets and understand the relationship with the management control techniques. For this purpose, the company’s annual reports (RC) were analysed, the companies that adopt fair value as the basis for measuring non-financial assets were identified and various management indicators were calculated, such as Economic Value Added (EVA), Cash Value Added (CVA) and Market Value Added (MVA). Of the analysis of the RC, it was concluded that the majority of the assets are measured at historical cost, with no changes in the measurement policy for non-financial ones. The statistical tests carried on PSI Companies indicate that the option for fair value as the basis for measuring non-financial assets depends on the level of debt, and that the adoption of fair value has no influence on any of the management control studied techniques.
Taking into account the increasing of the economic globalization, the internationalization of the companies and the transformation of the financial markets, companies have to be able to evaluate their performances and understand whether their strategies are in line with other similar companies and if it allows them to overcome the obstacles they face on a daily basis. To reach this goal, they need to apply management control techniques to obtain information so that the business managers can take the correct decisions that ensure the future of the companies. Thus, this dissertation aims to verify whether the companies in the Portuguese Stock Index (PSI) take into account the Fair Value as a basis for measuring their medium and long-term non-financial assets and understand the relationship with the management control techniques. For this purpose, the company’s annual reports (RC) were analysed, the companies that adopt fair value as the basis for measuring non-financial assets were identified and various management indicators were calculated, such as Economic Value Added (EVA), Cash Value Added (CVA) and Market Value Added (MVA). Of the analysis of the RC, it was concluded that the majority of the assets are measured at historical cost, with no changes in the measurement policy for non-financial ones. The statistical tests carried on PSI Companies indicate that the option for fair value as the basis for measuring non-financial assets depends on the level of debt, and that the adoption of fair value has no influence on any of the management control studied techniques.
Description
Mestrado em Controlo de Gestão e Avaliação de Desempenho
Keywords
Ativos não financeiros Justo valor Controlo de gestão Técnicas de controlo de gestão Non-financial assets Fair value Management control Management control techniques
Citation
Dourado, A. S. R. (2024) A adoção do justo valor na mensuração dos ativos não financeiros e sua relação com as técnicas de controlo de gestão: empresas PSI. [Dissertação de mestrado, Instituto Superior de Contabilidade e Administração de Lisboa]. Repositório Científico do Instituto Politécnico de Lisboa. http://hdl.handle.net/10400.21/17530