Influencia de la estructura de propiedad y de la gestión familiar sobre el posicionamiento en fusiones y adquisiciones

  • Geovanne Dias de Moura Universidade comunitária da região de Chapecó (Brasil)
  • Ilse Maria Beuren Universidade Federal de Santa Catarina (Brasil)
Palabras clave: Gestión, propiedad familiar, posicionamiento, fusiones y adquisiciones

Resumen

Este estudio investiga la influencia que tienen la estructura de propiedad y de gestión familiar sobre el posicionamiento en operaciones de fusiones y adquisiciones de empresas que cotizan en el mercado BM&FBovespa.  Para tal fin, se hizo una investigación descriptiva con enfoque cuan- titativo, por medio de análisis documental, en una muestra de 338  compañías posicionadas en operaciones de fusiones y adquisiciones, en el periodo 2007 a 2012. Los resultados muestran que las empresas con estructura de propiedad familiar envueltas en fusiones y adquisiciones, tienden a tomar una posición activa, es decir, como compradores. Además, que la gestión de la familia influye en la posición como empresa compradora en este tipo de operaciones. Se concluye que las familias son inversores que valoran el control accionario, adoptan políticas de gestión guiadas por la aversión al riesgo y la búsqueda de un mejor rendimiento y, por tanto, se posicionan como compradores en fusiones y adquisiciones.

Biografía del autor/a

Geovanne Dias de Moura, Universidade comunitária da região de Chapecó (Brasil)

Doutor em Ciências Contábeis e Administração pela Universidade Regional de Blumenau – FURB, professor da Universidade Comunitária da Região de Chapecó – UNOCHAPECÓ. Endereço: Avenida Senador Atílio Fontana - Servidão Anjo da Guarda, 591-E - Bairro Efapi. CEP: 89809-900 – Chapecó/SC – Brasil. Telefone: (49) 3321-8000. E-mail: geomoura@terra.com.br

Ilse Maria Beuren, Universidade Federal de Santa Catarina (Brasil)
Doutora em Controladoria e Contabilidade pela FEA/USP, professora do Programa de Pós-Graduação em Contabilidade da Universidade Federal de Santa Catarina – UFSC. Endereço: Centro Socioeconômico, Campus Universitário, Trindade. CEP: 88040-970 – Florianópolis/SC – Brasil. Telefone: (48) 3721-6608. E-mail: ilse.beuren@gmail.com

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Biografía del autor/a

Geovanne Dias de Moura, Universidade comunitária da região de Chapecó (Brasil)

Doutor em Ciências Contábeis e Administração pela Universidade Regional de Blumenau – FURB, professor da Universidade Comunitária da Região de Chapecó – UNOCHAPECÓ. Endereço: Avenida Senador Atílio Fontana - Servidão Anjo da Guarda, 591-E - Bairro Efapi. CEP: 89809-900 – Chapecó/SC – Brasil. Telefone: (49) 3321-8000. E-mail: geomoura@terra.com.br

Ilse Maria Beuren, Universidade Federal de Santa Catarina (Brasil)
Doutora em Controladoria e Contabilidade pela FEA/USP, professora do Programa de Pós-Graduação em Contabilidade da Universidade Federal de Santa Catarina – UFSC. Endereço: Centro Socioeconômico, Campus Universitário, Trindade. CEP: 88040-970 – Florianópolis/SC – Brasil. Telefone: (48) 3721-6608. E-mail: ilse.beuren@gmail.com

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Cómo citar
Dias de Moura, G., & Maria Beuren, I. (2016). Influencia de la estructura de propiedad y de la gestión familiar sobre el posicionamiento en fusiones y adquisiciones. Revista Facultad De Ciencias Económicas, 25(1), 129-149. https://doi.org/10.18359/rfce.2658
Publicado
2016-12-06
Sección
Artículos