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Abstract(s)
Esta investigação aborda o Goodwill, analisando-o de diferentes perspetivas e descrevendo-o de acordo com diversos normativos contabilísticos. Em Portugal, enquanto vigorava o Plano Oficial de Contas, o Goodwill era amortizado, mas com a aplicação do Sistema de Normalização Contabilística, passou a estar sujeito a testes de imparidade. Contudo, com a nova Diretiva da União Europeia, que deu origem ao Decreto de lei 98/2015, o Goodwill volta a ser amortizado nas empresas que adotam as normas contabilísticas de relato financeiro, o que gera uma problemática. Este trabalho tem como base avaliar a relação entre variáveis Capital próprio, resultado por ação, Ativos intangíveis e Goodwill e o Valor de mercado das empresas cotadas na Euronext
Lisboa nos períodos de 2013 e 2014, procedendo-se, por um lado, à análise da estatística descritiva de variáveis contabilísticas e de indicadores económicos e por outro à aplicação do Modelo de Regressão Linear.
Verifica-se que as empresas com Goodwill apresentam maior solvabilidade e autonomia financeira do que as empresas que não apresentam Goodwill e que apenas a variável Resultado por ação tem uma relação significativa com o Valor de mercado das empresas.
The proposed work addresses the Goodwill by analyzing it from different perspectives and describing it according to different accounting regulations. In Portugal, while the Plano Oficial de Contas was in force, Goodwill was amortized, but with the application of the Sistema de Normalização Contabilística, it became subject to impairment tests. However, with the new UE Directive, which gave rise to DL 98/2015, Goodwill is again repayable in companies that adopt accounting reporting standards, and that creates a problem. The purpose of this paper is to evaluate the relationship between Equity, Earnings per Share, Intangible Assets and Goodwill and the market value of Companies listed on Euronext Lisbon in the periods of 2013 and 2014. On the one hand, the analysis of the descriptive statistics of accounting variables and economic indicators is applied, and on the other, the application of the Linear Regression Model. It can be seen that companies with Goodwill have greater solvency and financial autonomy than companies that do not present Goodwill and that only the variable Earnings per Share has a significant relation with the market value of the Companies.
The proposed work addresses the Goodwill by analyzing it from different perspectives and describing it according to different accounting regulations. In Portugal, while the Plano Oficial de Contas was in force, Goodwill was amortized, but with the application of the Sistema de Normalização Contabilística, it became subject to impairment tests. However, with the new UE Directive, which gave rise to DL 98/2015, Goodwill is again repayable in companies that adopt accounting reporting standards, and that creates a problem. The purpose of this paper is to evaluate the relationship between Equity, Earnings per Share, Intangible Assets and Goodwill and the market value of Companies listed on Euronext Lisbon in the periods of 2013 and 2014. On the one hand, the analysis of the descriptive statistics of accounting variables and economic indicators is applied, and on the other, the application of the Linear Regression Model. It can be seen that companies with Goodwill have greater solvency and financial autonomy than companies that do not present Goodwill and that only the variable Earnings per Share has a significant relation with the market value of the Companies.
Description
Mestrado em Contabilidade e Gestão das Instituições Financeiras
Keywords
Harmonização contabilística Ativos intangíveis Goodwill Valor relevante Testes de imparidade Accounting harmonization Intangible assets Relevant value Impairrment tests
Citation
Julião, I. I. J. N. (2018). O valor relevante da goodwill nas empresas portuguesas cotadas na Euronext Lisboa em 2013-2014. (Dissertação de mestrado não publicada). Instituto Politécnico de Lisboa, Instituto Superior de Contabilidade e Administração de Lisboa. Disponível em http://hdl.handle.net/10400.21/16219