A contribuição do EVA no processo de análise de crédito

Authors

  • José Odálio dos Santos Pontifícia Universidade Católica de São Paulo

DOI:

https://doi.org/10.20946/rad.v3i1.893

Abstract

Este artigo tem por objetivo apresentar os princípios básicos da teoria de avaliação de empresas, além das técnicas utilizadas para calcular o valor econômico agregado (EVA). Complementarmente, o artigo destaca a contribuição do cálculo do EVA no processo de análise de crédito. Com isso, visa possibilitar um entendimento intuitivo dos fatores determinantes do valor econômico agregado e do risco de crédito de empresas. Palavras-chave: Avaliação de Empresas, Custo Médio Ponderado de Capital, Retorno sobre o Capital Investido, Risco de Crédito, Spread e Valor Econômico Agregado. Abstract This paper is intended to present the basic principles of valuation theory, along with the tools of appraisal used to calculate economic value added (EVA) and support the decision making in the credit risk management area. Bridging the gap between finance theory and appraisal practice, this guide is intended to give all those who make operating decisions an intuitive understanding of the factors most likely to affect both, the firm value and its credit risk. Keywords: Valuation, Weighted Average Cost of Capital, Return on Invested Capital, Credit Risk, Spread, and Economic Value Added.

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Published

2009-01-28

How to Cite

dos Santos, J. O. (2009). A contribuição do EVA no processo de análise de crédito. Management in Dialogue Review, 3(1). https://doi.org/10.20946/rad.v3i1.893

Issue

Vol. 3 No. 1 (2001)

Section

Artigos

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