Fusões, Aquisições e Gerenciamento de Resultados: uma revisão sistemática envolvendo diferentes categorias analíticas

Oscar Neto de Almeida Bispo, Saulo Cardoso Maia, Leandro Eduardo Vieira Barros, Francisval de Melo Carvalho

Resumo


O objetivo geral foi realizar uma revisão bibliográfica sistemática nos artigos disponíveis na base Web of Science que pesquisaram o gerenciamento de resultados (EM) concomitante às transações de Fusões e Aquisições (F&A). Especificamente: i) verificar quais foram as principais discussões sobre o tema; ii) criar categorias analíticas para ordenar as discussões; e, iii) elaborar uma síntese do conhecimento existente sobre o assunto. A amostra envolveu 40 artigos registrados entre os anos de 1945 e nov/2016. Foi utilizado o método de revisão bibliográfica sistemática para a análise de conteúdo qualitativa. As estratégias de busca utilizaram rótulos de campo e operadores boolianos com expressões definidas a priori. Os resultados apontam 11 categorias analíticas e, pelo menos, 43 elementos essenciais inerentes a essas categorias. Grande maioria dos resultados mostra que há interesse na utilização do EM próximo aos anúncios e efetivação das F&A. Diversos pesquisadores analisaram o EM voltado para manipulação dos accruals no sentido de elevar o lucro. Outros, em menor quantidade, introduziram a importância de verificar as manipulações de atividades reais com base na DFC. Trabalhos futuros poderiam relacionar information asymmetry com as transações de F&A e as potenciais interferências do EM, tanto por accruals quanto por atividades reais.

Palavras-chave


Fusões e Aquisições. Gerenciamento de Resultados. Revisão Sistemática. Análise de Conteúdo.

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DOI: http://dx.doi.org/10.15603/1982-8756/roc.v13n25p51-98

Revista Organizações em Contexto (ROC) - Programa de Pós-Graduação em Administração - PPGA - Faculdade de Administração e Economia - FAE - Universidade Metodista de São Paulo - UMESP.

ISSN Versão Eletrônica 1982-8756

ISSN Versão Impressa 1809-1040 (2005-2008)

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Este obra está licenciado com uma Licença Creative Commons Atribuição-NãoComercial 4.0 Internacional.