Contabilidade Gestão e Governança最新文献_第7页

Países mais Transparentes são mais Democráticos? 更透明的国家是否更民主?

Contabilidade Gestão e Governança Pub Date : 2021-04-26 DOI: 10.51341/1984-3925_2021v24n1a8

Rodrigo Silva Diniz Leroy, Antônio Carlos Brunozi Júnior, L. Ávila

{"title":"Países mais Transparentes são mais Democráticos?","authors":"Rodrigo Silva Diniz Leroy, Antônio Carlos Brunozi Júnior, L. Ávila","doi":"10.51341/1984-3925_2021v24n1a8","DOIUrl":"https://doi.org/10.51341/1984-3925_2021v24n1a8","url":null,"abstract":"Objective: to evaluate the relationship between fiscal transparency and the degree of democracy of countries.Method: to measure the proxies, the Open Budget Index and Democracy Index indicators were used, with data from 2006 to 2019, which were evaluated through Exploratory Data Analysis, Correlation test and Chi-square test of independence.Results: in general, there is a significant, positive and strong relationship between fiscal transparency and the degree of democracy of countries, especially when countries with distinct performances are grouped together. However, this relationship can exhibit very distinct behavior, depending on the region in which the country is located.Originality/Relevance: there is a higher incidence of transparency studies at regional and local levels, to the detriment of transnational investigations. In addition, understanding transparency as a fundamental principle for the consolidation of a Democratic State, it is expected that there will be a direct relationship between the measured variables. However, we highlight the recent contradictory findings of Arapis and Reitano (2018), who found a negative relationship between these two indicators, contrary to the theory and previous literature on the subject.Theoretical/methodological contributions: as established by the literature, the findings shown here are sufficient to disagree with the conclusions of Arapis and Reitano (2018), and confirm that more democratic countries tend to have greater transparency regarding their budget information.Social contributions/for management: tax transparency is an important instrument of social control in a democratic society, however, from a certain degree of democracy, there are no significant differences in tax transparency rates between countries.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129365632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Impact of BNDES’s Financial Resources on the Market Value of B3-Listed Companies BNDES财务资源对b3上市公司市值的影响

Contabilidade Gestão e Governança Pub Date : 2021-04-26 DOI: 10.51341/1984-3925_2021V24N1A2

João José Ferreira Simões, V. G. De Souza, Rafael Cortezão De Mello, Antônio Artur De Souza, B. Ferreira

{"title":"The Impact of BNDES’s Financial Resources on the Market Value of B3-Listed Companies","authors":"João José Ferreira Simões, V. G. De Souza, Rafael Cortezão De Mello, Antônio Artur De Souza, B. Ferreira","doi":"10.51341/1984-3925_2021V24N1A2","DOIUrl":"https://doi.org/10.51341/1984-3925_2021V24N1A2","url":null,"abstract":"Objective: Analyze whether Brazilian Development Bank (BNDES) financial support have increased Brazilian companies market value using a sample comprising 272 observations from 40 companies listed at B3 Stock Exchange, in 2003–2018.Method: Panel data analysis using the One-step system GMM and a non-parametric Kruskal-Wallis H test followed by a Dunn test.Relevance: The relevance of the current study is in its analysis of a possible association between BNDES-granted financing and changes in Brazilian companies’ market value.Results: We did not observe that the financial support from BNDES could be associated with an increase in the market value of the companies. It was not possible to establish a causal relationship with respect to the financial support of BNDES and an impact on the corporate market value when we analyzed our full sample. However, we observe the existence of difference in the averages of the corporate market value when we analyzed in groups of companies. This result is not in line with recent financial scandals in Brazil involving companies that had obtained BNDES funding.Theoretical Contributions: Our findings may assist in the elaboration of an efficient policy to finance Brazilian companies, as the analysis of BNDES performance is fundamental to determining whether the applicability of Brazilian financing policy has reached the proposed results.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125581721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Efeito da Governança Corporativa nos Retornos das Ações em Decorrência do Anúncio da Recompra 公司治理对宣布回购后股票回报的影响

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020v23n3a1

José Guilherme Chaves Alberto, H. C. Martins

{"title":"Efeito da Governança Corporativa nos Retornos das Ações em Decorrência do Anúncio da Recompra","authors":"José Guilherme Chaves Alberto, H. C. Martins","doi":"10.51341/1984-3925_2020v23n3a1","DOIUrl":"https://doi.org/10.51341/1984-3925_2020v23n3a1","url":null,"abstract":"Objective: The objective of this study is to analyze whether or not the stock prices of companies respond to the announcement of the share buyback and what are the possible influences that the adoption of stricter corporate governance practices may have on the results.Method: A quantitative research was carried out on 329 public share buyback announcements, carried out by 99 companies, from 2003 to 2014. The quantitative part of this study used the ex-post-facto research technique, with data secondary and event study work methods.Originality/Relevance: The increase in cash distribution by companies through the repurchase of shares, the evidence of an abnormal return on shares as a result of the repurchase and whether or not the adoption of better corporate governance practices reduce information asymmetry in the market, has led researchers to analyze whether or not there is a relationship between the level of governance and the return on shares as a result of the announcement of the share buyback event.Results: The results indicate that there is evidence of an abnormal return in the Brazilian market before, during and after the announcement of the share buyback event. Regarding the adoption of corporate governance practices used by companies, no evidence was found that the adoption of stricter corporate governance practices reduces asymmetry.Theoretical/Methodological contributions: The research contributes to the discussion of the theme in the Brazilian stock market and to broaden the discussion in the literature if the adoption of best corporate governance practices reduces the asymmetry.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121889792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Management Accounting System in Public Healthcare Entities: Evidence from Vietnam 公共医疗机构的管理会计制度:来自越南的证据

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020V23N3A6

Quang-Huy Ngo

{"title":"Management Accounting System in Public Healthcare Entities: Evidence from Vietnam","authors":"Quang-Huy Ngo","doi":"10.51341/1984-3925_2020V23N3A6","DOIUrl":"https://doi.org/10.51341/1984-3925_2020V23N3A6","url":null,"abstract":"Objective:This study aims to examine the influence of contingency factors as market competition and organizational size on the effectiveness of the management accounting system (MAS) design in Vietnamese public healthcare entities. Method: Data were collected from 165 respondents working in Vietnamese public healthcare entities. PLS-SEM techniques were used to test the proposed model. Besides, the common method bias was assessed by employing the one single factor test and marker variable technique.Results: The results reveal that market competition is positively associated with four characteristics of MAS design as scope, timeliness, integration, and aggregation. The size of healthcare entities only positively correlates with two characteristics as integration and aggregation. All these four characteristics allow an increase in managerial performance.Originality/relevance: A previous study shows that healthcare's managers in Vietnam find MAS information to improve performance in several aspects. However, this study does not indicate whether or not MAS has an impact on managerial performance. Besides, according to contingency theorists, MAS should be designed in line with contextual factors to enhance performance. This study aims to address these gaps.Theoretical/methodological contributions: With respect to the literature on healthcare sectors in Vietnam, this study extends the works of Pomberg et al. (2012) and Fung (2012) by indicating market competition and organizational sizes driving MAS to design more sophisticated in order to improve managerial performance. Besides, this paper contributes to the literature on public sectors by following a suggestion of Van Helden (2005), who urges the researcher should focus more on other management accounting topics than budgeting and performance evaluations, and use survey-based methods in public-sector research. Lastly, this study is the first study examining the impact of contingency factors as the organizational size on the effectiveness of MAS design, which is the assumption of most studies on management accounting.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121670574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Descobrindo um Santo para Cobrir Outro: o gerenciamento de resultados em estatais brasileiras 发现一个圣人覆盖另一个圣人:巴西国有企业的收益管理

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020V23N3A3

N. Silva, Fernanda Maciel Peixoto, F. Barboza, Catarine Palmieri Pitangui Tizziotti

{"title":"Descobrindo um Santo para Cobrir Outro: o gerenciamento de resultados em estatais brasileiras","authors":"N. Silva, Fernanda Maciel Peixoto, F. Barboza, Catarine Palmieri Pitangui Tizziotti","doi":"10.51341/1984-3925_2020V23N3A3","DOIUrl":"https://doi.org/10.51341/1984-3925_2020V23N3A3","url":null,"abstract":"Objective:The accounting information can be manipulated in order to change the perception of the minority shareholders about the real situation of the firm. In case of state-owned enterprises (SOEs), they can have their wealth expropriated by the politicians and bureaucrats’ opportunistic behavior, which is an incentive to the earnings management (EM) practice. This study aims to analyze the state ownership effects on EM in Brazil, and investigate the link between EM, and ownership and control structures.Method: Data from 2006–2015,for 250 non-financial Brazilian public firms, which covers 26 SOEs. The analyses are based on multiple regression methods with panel data.Originality/Relevance:This study innovates by including in this analysis the interaction of state control with the excess of control rights over the ownership rights of the largest shareholders, and analyze the entrenchment effect. Additionally, addresses the EM both in terms of direction and breadth.Results: SOEs tend to take on income-increasing practices, which persisted even after the adoption of International Financial Reporting Standards (IFRS). However, the IFRS adoption led to a reduction in the level of EM, in special the positive trend. Yet, the firms' market value and size are significant for explaining EM.Theoretical/Methodological contributions: this study helps to understand the behavior of Brazilian SOEs, while reveals the SOE's political influence can induce greater information asymmetry and the control is more concentrated in there, which supposedly raises the risks of minority shareholders' expropriation. These results suggest the need for improvements in the transparency of these companies.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121831842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Proteção Anti-takeover e Gerenciamento de Resultados: O Efeito das Poison Pills com Cláusulas Pétreas 反收购保护和收益管理:石质条款毒丸的影响

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020V23N3A4

Yuri Gomes Paiva Azevedo, A. Tavares, A. Mól, Raimundo Marciano de Freitas Neto

{"title":"Proteção Anti-takeover e Gerenciamento de Resultados: O Efeito das Poison Pills com Cláusulas Pétreas","authors":"Yuri Gomes Paiva Azevedo, A. Tavares, A. Mól, Raimundo Marciano de Freitas Neto","doi":"10.51341/1984-3925_2020V23N3A4","DOIUrl":"https://doi.org/10.51341/1984-3925_2020V23N3A4","url":null,"abstract":"Objective:This study aims to investigate whether eternity poison pills influence the earnings management level of Brazilian public companies.Method: We collect data from the bylaws obtained on the website of the Brazilian Securities and Exchange Commission, aiming to identify the use of poison pills and “eternity” clauses by 235 non-financial companies. The information needed to estimate discretionary accruals using the Jones Modified model, and the control variables included in the econometric model, were obtained through the Bloomberg® database. For the data analysis, we use quantile regression, considering the outliers present in the sample.Originality/Relevance: This study fills a gap in the literature regarding the effect of eternity poison pills on discretionary accruals, given that this relationship has not been explored in the Brazilian context. Thus, it is relevant for investors and regulators because it provides evidence on the effects of implementing this anti-takeover mechanism.Results: The main results provide novel evidence on the relationship between poison pills and earnings management in the Brazilian context, demonstrating that this anti-takeover device, when associated with an “eternity” bylaw clause, is positively related to discretionary accruals.Theoretical contributions: It contributes theoretically by showing that the managerial entrenchment caused by the adoption of poison pills with “eternity” clauses may reduce the accounting information quality, shedding light for investors and regulators about this effect of implementing this anti-takeover mechanism. ","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115863467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

O Papel do Controller na Perspectiva da Estratégia como Prática: um Ensaio Teórico 控制者在战略作为实践视角下的作用:一篇理论文章

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020v23n3a5

R. Lavarda, F. Scussel, Joice Denise Schäfer

{"title":"O Papel do Controller na Perspectiva da Estratégia como Prática: um Ensaio Teórico","authors":"R. Lavarda, F. Scussel, Joice Denise Schäfer","doi":"10.51341/1984-3925_2020v23n3a5","DOIUrl":"https://doi.org/10.51341/1984-3925_2020v23n3a5","url":null,"abstract":"Objective: This theoretical essay aims to explore how the controller participates in the strategy formation process, in the perspective of strategy as a practice.Method: We developed a theoretical essay based on the main issues related to the role of the controller in organizations and a general explanation of the theoretical model of strategy as a practice proposed by Jarzabkowski and Spee (2009).Originality/Relevance: We propose a new approach for management accounting studies by bringing together two fields of knowledge – accountability and strategy – under a constructivist perspective, exploring the role of the controller as a business partner and a strategy practitioner. We argue controllers act as middle managers in the implementation of organizational strategies, playing a fundamental role in strategy translation, communication and on its operational issues.Results: From the intersection between the two themes, three general propositions were developed, combining elements of strategy as practice (practice, praxis and practitioners) and the role of the controller, which serve as a basis for the advance of future research. This is a seminal step into future avenues of research and theoretical or empirical studies about the microperspective of management accounting.Theoretical/Methodological contributions: This theoretical essay analyzes the controller role in the micro-organizational perspective of the strategy as practice, addressing future research possibilities that unite the two lines of knowledge.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132213864","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Escolhas Contábeis na Demonstração dos Fluxos de Caixa: Análise em Empresas da América Latina 现金流量表中的会计选择:拉丁美洲公司的分析

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020v23n3a8

Denise Fernandes Nascimento, Ercílio Zanolla

{"title":"Escolhas Contábeis na Demonstração dos Fluxos de Caixa: Análise em Empresas da América Latina","authors":"Denise Fernandes Nascimento, Ercílio Zanolla","doi":"10.51341/1984-3925_2020v23n3a8","DOIUrl":"https://doi.org/10.51341/1984-3925_2020v23n3a8","url":null,"abstract":"ABSTRACTObjective: this study analyzed which characteristics of companies may be associated with accounting choices at DFC in 565 publicly traded companies in Latin American countries, from 2012 to 2016.Method: this study promotes analysis by estimating twelve logistic regression models and using panel data.Originality / Relevance: the study of DFC's accounting choices provides information about changes in net assets, financial structure and the ability of companies to modify resources.Results: The results show that the size of the companies, the negative cash flow and the sector may be related to the choices of interest and dividends received, and dividends paid, indicating that the results for the variables in Brazil are similar to those of Chile and Peru, even in different institutional settings.Theoretical / Methodological contributions: this study contributes by providing an overview of how financial and non-financial companies in different countries show cash flows, especially with regard to DFC's comparability and accounting choices, which can result in increasing operating cash flow. In addition, the study provides evidence of an association between company characteristics and accounting choices at DFC, showing differences in the countries surveyed, in terms of cash flow interests, and, contrary to the objective of regulatory bodies, regarding the standardization of accounting procedures.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115419194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Os Escândalos De Corrupção Na JBS S.A. E As Estratégias De Legitimidade Organizacional De Lindblom JBS S.A.的腐败丑闻和林德布洛姆的组织合法性策略

Contabilidade Gestão e Governança Pub Date : 2020-12-21 DOI: 10.51341/1984-3925_2020v23n3a2

Pablinne De Paula Oliveira, Fernanda Fernandes Rodrigues, Mariana Guerra

{"title":"Os Escândalos De Corrupção Na JBS S.A. E As Estratégias De Legitimidade Organizacional De Lindblom","authors":"Pablinne De Paula Oliveira, Fernanda Fernandes Rodrigues, Mariana Guerra","doi":"10.51341/1984-3925_2020v23n3a2","DOIUrl":"https://doi.org/10.51341/1984-3925_2020v23n3a2","url":null,"abstract":"Objective: Evaluate the narrative financial reports released by the Brazilian meatpacker JBS SA and identify how the company has sought to influence its information user while coping with its recent corruption scandals. Method: A qualitative analysis of narrative financial reports – Market Notices, Material Facts, Management Report, and Reference Form and Prospects – was carried out for the base year 2017 based on the Legitimacy Theory (Lindblom, 1994).Originality/Relevance: Parameters are shown that could be used by managers, separately or concurrently, intentionally or unintentionally, to achieve, preserve or recover the company’s legitimacy. Mechanisms of manipulation are also shown as used in corporate reports.Results: JBS used Lindblom’s (1994) first legitimacy strategy in all reports, but more frequently in the Material Facts. Such a strategy was used for regulatory and penal reasons (i.e., the Securities and Exchange Commission of Brazil, and the Federal Public Prosecutor’s Office) as JBS acknowledged the impact of the negative event (i.e., the corruption scandals covered by the media) and provided information related to how it has addressed such a legitimacy-threatening problem.Theoretical/Methodological contributions: Lindblom’s (1994) 2nd and 3rd legitimacy strategies were not as frequent (9% and 12,5% respectively) as reported in the literature. Adding to the literature, this study provides a better understanding of financial reporting as an instrument of legitimacy and manipulation within the political and economic environment.","PeriodicalId":142135,"journal":{"name":"Contabilidade Gestão e Governança","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122586971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0