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O processo de due diligence financeiro e fiscal : criação de valor
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O processo de Due Diligence assume um papel central nas operações de fusão e aquisição (Mergers & Acquisitions - M&A), sendo fundamental para a avaliação dos riscos e oportunidades associados à empresa-alvo. Esta dissertação tem como objetivo principal analisar se o processo de Due Diligence, com enfoque nas suas dimensões financeira e fiscal, contribui para a criação de valor nas transações de M&A. Para tal, foi realizada uma revisão da literatura sobre o conceito, motivações, benefícios e causas de insucesso nestas operações, seguida da aplicação de um questionário a profissionais e investidores com experiência no setor. O estudo adotou uma metodologia qualitativa, baseada na análise descritiva e interpretativa das respostas recolhidas. Os resultados indicam que a Due Diligence é percecionada como um instrumento essencial para a mitigação de riscos, reforço da confiança na decisão e garantia da integridade da transação. Verificou-se também que, em vários casos, os resultados obtidos através da Due Diligence levaram à desistência da transação, evitando potenciais perdas. Conclui-se, assim, que a Due Diligence, para além de permitir uma melhor compreensão do valor real da empresa-alvo, atua como um mecanismo de proteção e orientação estratégica, contribuindo significativamente para o sucesso e sustentabilidade das operações de M&A.
The Due Diligence process plays a central role in mergers and acquisitions (M&A), being essential for assessing the risks and opportunities associated with the target company. This dissertation aims to analyze whether the Due Diligence process, with a focus on its financial and tax dimensions, contributes to value creation in M&A transactions. To achieve this, a literature review was conducted on the concept, motivations, benefits, and causes of failure in such operations, followed by the application of a questionnaire to professionals and investors with experience in the sector. The study adopted a qualitative methodology, based on the descriptive and interpretative analysis of the responses collected. The results indicate that Due Diligence is perceived as a key instrument for risk mitigation, enhancing decision-making confidence and ensuring transaction integrity. It was also observed that, in several cases, the findings of the Due Diligence process led to the withdrawal from the transaction, thus preventing potential losses. It is therefore concluded that Due Diligence, in addition to enabling a better understanding of the target company’s real value, acts as a mechanism of protection and strategic guidance, significantly contributing to the success and sustainability of M&A operations.
The Due Diligence process plays a central role in mergers and acquisitions (M&A), being essential for assessing the risks and opportunities associated with the target company. This dissertation aims to analyze whether the Due Diligence process, with a focus on its financial and tax dimensions, contributes to value creation in M&A transactions. To achieve this, a literature review was conducted on the concept, motivations, benefits, and causes of failure in such operations, followed by the application of a questionnaire to professionals and investors with experience in the sector. The study adopted a qualitative methodology, based on the descriptive and interpretative analysis of the responses collected. The results indicate that Due Diligence is perceived as a key instrument for risk mitigation, enhancing decision-making confidence and ensuring transaction integrity. It was also observed that, in several cases, the findings of the Due Diligence process led to the withdrawal from the transaction, thus preventing potential losses. It is therefore concluded that Due Diligence, in addition to enabling a better understanding of the target company’s real value, acts as a mechanism of protection and strategic guidance, significantly contributing to the success and sustainability of M&A operations.
Descrição
Palavras-chave
Due diligence Fusões e aquisições Criação de valor Mergers and acquisitions Value creation
Contexto Educativo
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Licença CC
Sem licença CC