Diss. Uppsala : Univ., 2007.

Thesis (M.B.A.)--University of Hong Kong, 1998. / Includes bibliographical references (leaf [76]-78).

Thesis (M.B.A.)--University of Hong Kong, 1996. / Includes bibliographical references (leaf 91-93).

Thesis (Ph. D.)--University of Hong Kong, 1996. / Includes bibliographical references (leaf 259-282).

Thesis (M.B.A.)--University of Hong Kong, 1997. / Includes bibliographical references.

Thesis (doctoral)--Rijksuniversiteit Groningen, 1999. / Includes bibliographical references.

Não existe consenso em relação à melhor forma de reconhecimento de investimentos em joint ventures na demonstração contábil consolidada da investidora. Há necessidade de adoção de uma única prática contábil, já que a falta de padronização do tratamento contábil de investimentos com controle compartilhado prejudica a comparabilidade das demonstrações contábeis consolidadas de empresas que adotam abordagens diferentes. Este trabalho tem como objetivo avaliar tanto os reflexos da adoção da consolidação proporcional nas demonstrações contábeis da investidora quanto da não adoção desse método quando há investimento de controle compartilhado. O Lucro Líquido e o Patrimônio Líquido são os únicos valores que devem ser iguais nessas demonstrações. A pesquisa empírica testou se há diferenças significativas entre os valores das contas ao ser feita adoção ou não da consolidação proporcional. O levantamento de dados foi realizado por meio do banco de dados da Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras- FIPECAFI/FEA USP, que é utilizado na edição da Revista Exame ? Melhores e Maiores. Inicialmente, foram pesquisadas as empresas que atuam no mercado brasileiro e que, no período de 1996 a 2003, apresentaram investimento com controle compartilhado. Posteriormente, na pesquisa empírica foram utilizados os dados de 2000 a 2003 que totalizaram 34 demonstrações contábeis e, a partir dessas demonstrações, foi calculado como seriam os valores caso não fosse feita a consolidação proporcional. Utilizou-se o teste não paramétrico de Wilcoxon e os resultados indicaram que ao nível de significância de 5%, há diferenças significativas entre os valores do ativo circulante, do realizável a longo prazo, do passivo circulante, do exigível de longo prazo, das vendas líquidas, do custo da mercadorias vendidas ou custo do produtos vendidos ou custo dos serviços prestados, do capital circulante liquido, do capital de terceiros sobre capital próprio, da liquidez corrente, da liquidez geral e da margem líquida, obtidos aplicando-se a consolidação proporcional e não a aplicando. Esses resultados confirmam a controvérsia existente na literatura acadêmica em relação às divergências de um método em relação ao outro, em termos de controle e definição de ativo e exigibilidade. Apesar de os testes estatísticos sugerirem que não há diferença significativa na composição do endividamento não é possível generalizar que seus valores não sejam diferentes. Os resultados obtidos, neste trabalho, indicam que a adoção de uma abordagem de consolidação ou outra pode fazer com que o usuário da demonstração contábil interprete de forma diferente as demonstrações consolidadas de empresas que possuem investimentos em joint venture. / There is no consensus on the best way of recognizing investments in joint ventures in the investing company?s financial statement. One single accounting practice needs to be adopted, as the lack of a standardized accounting treatment for investments in cases of shared control impairs the comparability of consolidated financial statements issued by companies that adopt different approaches. This study aims to evaluate the reflexes of adopting ? or not - the proportional consolidation method in the investing company?s financial statements in case of shared control investments. In these statements, Net Profit and Net Equity are the only figures that have to be equal. An empirical study tested for significant differences between the figures of accounts with or without proportional consolidation. Data were collected from the database of the Institute for Accounting, Actuarial and Financial Research Foundation - FIPECAFI/FEA USP, which is used to publish the magazine Exame ? Melhores e Maiores. First, we examined companies active in the Brazilian market who presented shared control investments between 1996 and 2003. Next, in the empirical study, we used data from 2000 to 2003, totaling 34 financial statements, which were used for calculating figures with and without proportional consolidation. Wilcoxon?s non-parametrical test was used with a significance level of 5%. Results indicated significant differences in current and long-term assets, current and long-term liabilities, net sales, cost of goods sold or cost of products sold or cost of services rendered, working capital, index of capital of third-party investors on own capital, current and general liquidity and net margin, when calculated with and without the proportional consolidation method. These results confirm the controversy in academic literature about the differences between one method and another in terms of control and definition of assets and liabilities. Although statistical tests suggest that there is no significant difference in the composition of indebtedness, it cannot be generalized that there are no differences between the figures. The results of this study indicate that, due to the adoption of a specific consolidation approach, financial statement users may give a different interpretation to the consolidated statements of companies with joint venture investments.

published_or_final_version / Geography / Master / Master of Arts in China Development Studies

The purpose of this thesis is to develop understanding toward Japanese firms’ joint venture with Taiwanese firms in China, from the Japanese firms’ perspective. We explored the research questions, including why Japanese firms form joint venture with Taiwanese firms and how joint ventures are managed. The research adopted the case study approach and interviewed Japanese managers from two firms, Kirin Brewery Company, Limited and Musashi Paint Co., Ltd. Chapter 1 described research background, research objectives and questions. With the strong presence of Chinese market, Japanese firms need to explore its own investment strategies. One form of entry strategies, especially preferred by the Japanese, is to cooperate with Taiwanese firms in China. Taiwanese firms’ advantage in understanding the Chinese culture and language will assist Japanese firms to reach a better performance. Chapter 2 analyzed statistic data to understand how Japanese firms have invested in China so far, problems faced by Japanese firms in China, and current situations of Japanese firms’ strategic alliance with Taiwanese firms. Chapter 3 discussed various literatures on join ventures, including definition, motivations, partner selection, and management, and presented tentative conclusions and research framework regarding Japanese firms’ joint ventures with Taiwanese firms. Chapter 4 stated how the research was conducted, including research methodology, limitations of research, interview guidelines, interview procedures, and the description of two Japanese firms. Chapter 5 analyzed research findings, with reference to tentative conclusions and research framework presented in Chapter 3. Chapter 6 provided conclusions from research findings and suggestions for two firms (Kirin and Musashi Paint) and Japanese firms that plan to have joint ventures in China. Suggestions for future research are also discussed.

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