Práticas de orçamento de capital: um estudo no segmento de papel e celulose da BM&FBovespa Outros Idiomas

ID:
33189
Resumo:
As companhias, bem como as indústrias, operam em um ambiente cada vez mais competitivo. Sendo assim, as decisões relativas a investimentos de capital são, indiscutivelmente, as mais importantes para garantir o sucesso da empresa. Dessa forma, o orçamento de capital se destaca por ser o processo de tomar decisões de planejamento de longo prazo para os investimentos. Nesse contexto, o objetivo deste estudo é fornecer evidências sobre práticas de orçamento de capital em empresas do segmento de papel e celulose. Para construir o referencial teórico foi realizada pesquisa bibliográfica na base de dados Periódicos da Capes, área de Ciências Sociais Aplicadas, utilizando as palavras-chave “capital budgeting”. A estruturação do referencial revelou escassez de estudos sobre o tema, o que reforça a importância de se realizar pesquisas acerca das práticas orçamentárias de capital nas empresas. Para atingir o objetivo do estudo utiliza-se aplicação de questionários para coleta dos dados em sete companhias do segmento de papel e celulose registradas na Bolsa de Valores – BM&FBOVESPA. A estatística descritiva foi aplicada sobre os resultados, visando melhorar a base das discussões. Os resultados revelam que as empresas utilizam principalmente a Taxa Interna de Retorno na análise do orçamento de capital, com análise de cenários e de sensibilidade para verificar o risco do investimento. Também apontam que há similaridade na frequência do uso das técnicas para definição da taxa mínima de retorno aceitável. As empresas indicaram a análise financeira e escolha do projeto como a etapa mais importante e difícil do processo de investimentos.
Citação ABNT:
SOUZA, P.; LUNKES, R. J.; BORBA, J. A. Práticas de orçamento de capital: um estudo no segmento de papel e celulose da BM&FBovespa. Revista de Administração e Inovação, v. 11, n. 3, p. 56-78, 2014.
Citação APA:
Souza, P., Lunkes, R. J., & Borba, J. A. (2014). Práticas de orçamento de capital: um estudo no segmento de papel e celulose da BM&FBovespa. Revista de Administração e Inovação, 11(3), 56-78.
Link Permanente:
http://www.spell.org.br/documentos/ver/33189/praticas-de-orcamento-de-capital--um-estudo-no-segmento-de-papel-e-celulose-da-bm-fbovespa/i/pt-br
Tipo de documento:
Artigo
Idioma:
Português
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