Aquisição de Empresas: uma revisão bibliométrica das principais contribuições acadêmicas brasileiras

Abstract

Acquiring companies is a complex and strategic process involving the combination of resources and operations of two or more companies, which is studied in various fields of knowledge. Authors recognize acquisition strategy as a growth strategy encompassing aspects such as revenue increase, value creation, and market expansion. In Brazil, the number of M&A (Mergers & Acquisitions) transactions reached a milestone in 2021, the best performance in the last 25 years. The study focuses on understanding the details that underpin the specific acquisition process and its impact on the market and the economy. Therefore, the research objective is to conduct a bibliometric review of academic productions on the subject published by Brazilian authors indexed on the Web of Science platform, aiming to identify trends, knowledge gaps, and academic contributions to corporate management. Through a quantitative, exploratory, and descriptive approach, a final sample of 18 articles that met the established criteria was constituted, using software such as Bibliometrix and VOSviewer to enhance bibliometric analyses. The results spanned from 2009 to 2023, revealing that the production of articles on company acquisition in Brazil has the oldest article dating back to 2009, with 33% of publications centralized in 2023. Twelve journals were identified, with 55.56% of the productions centralized in only four journals: RAE, RBGN, REEN, and Management Research Review. Forty-two researchers were identified, with Murilo Montanari de Matos being the most prolific, with two publications. The analysis of the authors showed a predominance of articles developed by two authors, followed by three authors, and, in fewer numbers, four authors, highlighting cooperation among researchers in academic production on company acquisition. Analyzing the keywords allowed visualizing that of the 77 identified expressions, nine expressions were the most used. There is a relationship with themes related to internationalization, global expansion, performance, and innovation. In addition to bringing the main themes studied and their evolution, as well as suggestions for future research brought by the authors. The research sought to identify and bring indicators of academic productions related to the theme, highlighting the importance of understanding the complexity of acquisition transactions and the need for alignment between academic theories and real business practices. The study contributes to the understanding of the topic, suggesting future research topics, and can assist managers, investors, and researchers in making strategic decisions, aiming for the success of organizations in a competitive market.