Revista Contabilidade & Finanças最新文献

{"title":"Academic research for impact","authors":"W. Stede","doi":"10.1590/1808-057x202290390","DOIUrl":"https://doi.org/10.1590/1808-057x202290390","url":null,"abstract":"","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"1442 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127444219","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}

{"title":"Influence of budgetary slack and elements of the budgetary process on perceptions of justice,","authors":"V. Santos, I. Beuren, Suzimara Skrepitz","doi":"10.1590/1808-057x202113780","DOIUrl":"https://doi.org/10.1590/1808-057x202113780","url":null,"abstract":"ABSTRACT This study examined the relationships between elements of the budgetary process (budgetary participation, the use of budgetary goals for performance assessments, and the use of budgetary goals for variable remuneration purposes), budgetary slack, and perceptions of justice, on the assumption that budgetary slack is an antecedent of perceptions of justice and acts as an intervening variable between elements of the budgetary process and perceptions of justice. Studies addressing the relationship between justice and slack have not considered the positive aspects derived from budgetary slack such as necessary and emergency resources. Moreover, most of these studies have focused on procedural justice and on an element of the budgetary process (budgetary participation), to predict feelings of justice and the creation of slack. The results of the study suggest alternative conceptions for analyzing the relationship between perceptions of justice and budgetary slack, going beyond the economic lens for the latter. By resorting to social exchange theory (SET), a perspective is provided on how elements of the budgetary process affect managers’ perceptions of justice and how budgetary slack, as an economic and social exchange resource, shapes those effects. Although researchers have already pointed to budgetary slack as being beneficial for the organization, no studies were found that have analyzed it as a predictor of perceptions of justice. A survey was conducted with a sample of 114 company managers and the hypotheses were tested with the application of structural equation modeling. The results reveal that budgetary slack is an inherent element of the budgetary process, conceived as an economic and socioemotional resource, according to the principles of SET, and used by organizations with a view to greater perceptions of justice. Budgetary slack is essential for predicting managers’ feelings of distributive and procedural justice regarding the budgetary process.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127885508","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}

{"title":"Viability of Universal Life insurance in Brazil from the supply and demand perspectives","authors":"Mariana Mayumi Shiroma Ikeda, João Vinícius França Carvalho","doi":"10.1590/1808-057x202113720","DOIUrl":"https://doi.org/10.1590/1808-057x202113720","url":null,"abstract":"ABSTRACT The aim of this article was to evaluate the viability of Universal Life insurance (UL) in Brazil from two perspectives: from the individual viewpoint of policyholders, considering different client profiles and investment scenarios; and from the company viewpoint, verifying whether insurers see sales advantages in UL. Thus, despite the lack of definition of the regulations on these contracts by the Superintendence of Private Insurance (Susep), this article’s contribution lies in evaluating UL - a typically American product - in Brazil, using an entirely actuarial methodology, for policyholders and insurers, according to local parameters. The relevance of the article lies in strengthening the support for individuals, companies, and authorities to evaluate the product and discuss its implementation, even identifying the most favorable profiles and scenarios for its development. Although the UL is an individual modality that is widespread in several countries and its design exploits well-defined attractions, the product has not been explored in the national literature. The methodology adoted in this study used fully actuarial modeling, the internal rate of return (IRR), and profit testing. The study reveals that the Brazilian market for UL is viable, especially due to the higher interest rates compared to countries where the product is already widespread. From a demand perspective, the results indicate that the policyholder would be in a more advantageous position acquiring UL than buying life insurance in the private market and investing the surplus in financial assets, due to the hybrid characteristic of the contract, which enables the use of financial returns as discount factors in the insurance portion and operational charges, reducing the opportunity costs linked to the product. With regard to companies, the profit testing results suggest there are stimuli for the supply of UL, provided the operation has a long-term bias. Altering the mortality pattern, policy type, and the company’s investment profile, all the results point in a similar direction.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132521600","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}

{"title":"Dynamic tensions in the budgetary system of a family business and the duality of structure","authors":"D. Almeida, Valdirene Gasparetto","doi":"10.1590/1808-057x202114110","DOIUrl":"https://doi.org/10.1590/1808-057x202114110","url":null,"abstract":"ABSTRACT This article aimed to understand the dynamic tensions in the budgetary system of a family business based on the duality of structure perspective. The research on dynamic tensions in the budgetary system of family businesses is inconclusive. Dynamic tensions are explored in light of traditional theories, and few studies use Simons’ (1995) four levers of control. Moreover, the management control systems (MCSs) of family businesses have particularities that need to be explored. These particularities of family businesses provide different explanations for the dynamic tensions in the budgetary system. Duality of structure enables an understanding of the interaction between the structure and agents’ actions in the production and reproduction of the social order of a family business, within a context of dynamic tensions in the budgetary system. The research revealed the dynamic tensions in the budgetary system of a family business in one budgetary cycle. The findings are relevant since, based on a duality of structure perspective, they present indications that these dynamic tensions are associated with positive forces (belief and interactive control systems) in interaction with negative forces (boundary and diagnostic control systems). This is a single case study in a medium-sized family business engaged in the production and sale of foods. The data were collected through semi-structured interviews, observations, and documents, and analyzed based on discursive textual analysis. The evidence suggests that the social order of the family business is produced and reproduced with the dynamic tensions that occur in the planning and control stages of the budgetary system. The study contributes to the literature on dynamic tensions in the budgetary system of a family business by addressing what they are and how these tensions occur based on the duality of structure perspective. It contributes to practice, as it enables an understanding and better management of these tensions and the achievement of budgetary goals and objectives.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117214477","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}

{"title":"Informational content of key audit matters and financial analysts’ forecasts","authors":"Lauren Dal Bem Venturini, Márcia Bianchi, V. Machado, Edilson Paulo","doi":"10.1590/1808-057x202113080","DOIUrl":"https://doi.org/10.1590/1808-057x202113080","url":null,"abstract":"Abstract The aim of this article was to analyze the relationship between the informational content of the key audit matters (KAMs) reported in the Independent Audit Report (IAR) and financial analysts’ forecasts for the companies listed on the B3 S.A. - Brasil, Bolsa, Balcão (B3). The research that has investigated the relevance of KAMs has not analyzed the incremental information about the audited firm, from the independent auditor’s viewpoint, that can affect financial analysts’ forecasts. The findings of this research reveal that the KAMs reported present relevant informational content about the audited firm for financial analysts, thus improving the quality of their forecasts. In addition, it was observed in the quantile analysis that the KAMs contribute to the fine tuning of analysts’ forecasts. The debate on the auditor-analyst relationship is also widened, specifically regarding the utility of KAMs for financial analysts, in terms of them considering using this information in their projections for the analyzed companies, thus reinforcing the search for their improvement by the regulator. The analysis was conducted based on generalized least squares (GLS) and quantile regressions covering 137 non-financial companies, using data from (quarterly and annual) analysts’ forecasts available from Thomson Reuters Eikon® and financial information from Economatica®. In general, the quantity and content of the items reported as KAMs were revealed to be significant in relation to the analysts’ earnings per share forecasts and to their forecasting error, revealing a reduction in asymmetry. Thus, the higher the informational value of the KAMs, the better the quality of that information is, contributing to forming an earnings forecast consensus and minimizing the error in the financial analysts’ estimates. In addition, it was observed that the disclosure of KAMs has no immediate reflection in the earnings forecast in the quarter following their disclosure, with their informational content being diluted over the following financial period, impacting the annual earnings forecast.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121677269","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}

{"title":"Effects of psychological capital and managerial attitudes on the relationship between budgetary participation and performance","authors":"Larissa Degenhart, V. C. S. Zonatto, C. Lavarda","doi":"10.1590/1808-057x202113790","DOIUrl":"https://doi.org/10.1590/1808-057x202113790","url":null,"abstract":"ABSTRACT This study analyzes the effects of psychological capital and managerial attitudes on the relationship between budgetary participation and management performance in budgeting activities. The study addresses a gap that exists in the budgeting research, tackling the effects of individuals’ mental states and behaviors on the relationship between budgetary participation and management performance in an integrated way. The interactive effects of cognitive and personal, behavioral, and environmental factors enable us to understand the factors present within the budgetary context that influence the relationship between budgetary participation and management performance, which provides an explanation for the conflicting results found in the literature, denoting in which conditions the effects of participation on performance can be obtained. The research innovates by evaluating, based on an interactionist approach, predictive factors for management performance within the budgetary context, contemplating the analysis of cognitive and personal (psychological capital), behavioral (managerial attitudes), and environmental (budgetary participation) factors, providing an explanation for the effects of budgetary participation on management performance in budgeting activities. A survey was conducted with 245 controller professionals from industries in the South Region of Brazil, chosen using the LinkedIn social network, and the data were analyzed via structural equation modeling (SEM). This revealed the positive joint indirect effects of psychological capital and of managerial attitudes on the relationship between budgetary participation and performance. The results converge with the social cognitive theory (SCT) approach, as it can be inferred that cognitive and personal aspects influence human decisions and the level of effort employed by managers in activities carried out within the budgetary context. The results offer support for organizations to direct resources toward organizational practices that seek to improve managers’ positive mental states, which influence behavioral factors and their job performance.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127515695","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}

{"title":"Workforce and earnings management: Evidence in the Brazilian capital market","authors":"Marcelo Cardoso Rocha, Antonio Gualberto Pereira, J. Oliveira","doi":"10.1590/1808-057x202113310","DOIUrl":"https://doi.org/10.1590/1808-057x202113310","url":null,"abstract":"ABSTRACT We aimed to investigate the relationship between workforce [força de trabalho (FT)] and earnings management in the Brazilian capital market and, additionally, identify whether operating activities management is a substitute for management by accruals. Evidence of the effect of the FT on earnings management practice is controversial, sometimes showing an effect on the reduction or smoothing of profit or even no effect. In Brazil, there are no studies that investigate how the intensity of the FT affects the managers’ behavior regarding the manipulation of profit. The research is relevant to the regulatory bodies because it brings empirical evidence of the incentives generated by the pressure of the FT so that the top executives reduce the result of the period, in a substitute way, to the manipulation of the company's operational activities. In addition, it is relevant for users of accounting information, as it demonstrates that the FT influences the recognition of results, affecting the quality of accounting information. The findings may assist regulatory bodies and investors, as it demonstrates that pressure from the FT is an important incentive for decision-making by executives and workers at the operating levels of companies and can support the improvement of labor regulations. Following Pae (2005), we use Jones' modified model (1991) with lagged accruals to detect earnings management. To capture the FT intensity, we employed the proxies presented by Hilary (2006) and a variable calculated from the statement of value added [demonstração do valor adicionado (DVA)]. We analyzed 119 companies listed on the Brazilian stock exchange during the period 2012-2018. It were found that the intensity of the FT negatively influences earnings management by accruals [gerenciamento de resultados por accruals (GRA)], expanding the evidence on the effects of workers' bargaining power on accounting choices.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116942707","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}

{"title":"Accounting professionals and whistleblowing: a typology of the influence of institutional logics","authors":"R. M. Ayres, F. Sauerbronn, Ana Carolina Pimentel Duarte da Fonseca","doi":"10.1590/1808-057x202112830","DOIUrl":"https://doi.org/10.1590/1808-057x202112830","url":null,"abstract":"ABSTRACT The main objective of this article is to understand how institutional logics (ILs) - family, religion, community, state, profession, organization, and capital and labor market - influence (or not) the Brazilian accounting professional in their intention to report irregularities. The study helps fill an epistemic gap by using the theory of ILs to comprehensively understand the professional in their world, in contrast with the whistleblowing studies that are generally based on behavioral theories. Most of those studies are quantitative, using the vignette technique (elaborated by researchers), which highlights the relevance of this paper, as it chooses to allow the accountants to reflect on the phenomenon and elaborate explanations for their actions and the dimensions that surround them. The main contribution lies in the theoretical advancement in accounting by extending the classic whistleblowing model, in order to socioinstitutionally recognize the individual’s reflection process (at the micro level) and the structuring elements (macro and meso levels) involved. In methodological terms, the study is qualitative and interpretative, based on content analysis (CA) through the lens of the hermeneutic circle. Standing out among the results are: (a) a typology of the influence of ILs on the accounting professional’s intention to report irregularities; (b) the differentiation of influences that favor whistleblowing or lead to the avoidance of it according to various logics; and (c) discussions about the premises that greater protection and support for the whistleblower would favor whistleblowing or, in contrast, that recognition and financial reward would be considered as factors that would not favor whistleblowing, among other aspects. The impact and applicability of the study derive from an alternative approach in epistemic-methodological terms, enabling an understanding of the socioinstitutional structure that influences whistleblowing intentions, thus allowing for the construction of mechanisms that increase the potential for whistleblowing.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129994155","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}

{"title":"Hermeneutics to read ‘confidence’ and ‘trust’ in rely, confidence and trust in the ISAs translation,","authors":"Carlos Vargas-González","doi":"10.1590/1808-057x202114510","DOIUrl":"https://doi.org/10.1590/1808-057x202114510","url":null,"abstract":"ABSTRACT This study aimed to develop a hermeneutical proposal to read ‘confidence’ (“confianza”) and ‘trust’ (“confiar”) in rely, confidence, and trust in the International Standards on Auditing (ISAs) translation into Spanish, based on contrasting them with the scientific literature on auditing. The gap addressed by this proposal is the lack of criteria to interpret the ISAs translation of rely, confidence, and trust into Spanish, which leads to an inadequate reading of the standards, since these terms are translated into Spanish as ‘confianza’ and ‘confiar,’ a misleading terminological choice. Some keys are provided for a hermeneutical reading when dealing with the concepts ‘confidence’ and ‘trust’ in the ISAs, since they are used interchangeably. This article is a starting point for both researchers and auditors when interpreting the terms rely, confidence, and trust translated into Spanish. From the methodological field, in the first place, a search was made in the ISAs for three key concepts related to what is understood in Spanish by the concepts ‘confidence’ and ‘trust’: rely (reliance), confidence, and trust, specifically determining the place where the concepts were to try to grasp the general meaning of the text within the paragraph of the corresponding standard; second, a structured accounting literature review on the concepts rely, confidence, and trust was conducted in the scientific auditing publications. This study provides the following hermeneutical keys to read ‘confidence’ and ‘trust’ in rely, confidence, and trust in the ISAs translation: rely is more oriented to controls, confidence refers to the relationship between an auditor and the stakeholders, and trust is a threat to the auditor’s objectivity.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129677123","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}

{"title":"Corrupção e religiosidade: uma análise cross-country mediada pela qualidade da contabilidade","authors":"S. Santos, Sirlei Lemes","doi":"10.14393/UFU.DI.2021.270","DOIUrl":"https://doi.org/10.14393/UFU.DI.2021.270","url":null,"abstract":"RESUMO O objetivo deste artigo foi identificar a associação da religiosidade com a corrupção, mediada pela qualidade da contabilidade. Estudos examinaram as relações entre religiosidade e qualidade da contabilidade, religiosidade e corrupção, e qualidade da contabilidade e corrupção. Não foram identificadas evidências do papel combinado da religiosidade e da qualidade da contabilidade na corrupção. O estudo contribui para o entendimento da influência da religiosidade como norma social na decisão dos gestores, o que, consequentemente, impacta a qualidade da contabilidade e a corrupção, ampliando o conhecimento sobre os mecanismos capazes de afetar a corrupção. Fundamentando-se na Teoria das Normas Sociais e respaldando-se em estudos sobre a relação entre religiosidade e qualidade da contabilidade, que também se ampararam nessa teoria, foi possível discutir a influência da religiosidade nas decisões dos gestores, com reflexos na qualidade da contabilidade e na corrupção. A amostra é formada por 36 países. Para o tratamento dos dados do período de 2010 a 2014, foi utilizada a modelagem de caminho por mínimos quadrados parciais. Evidências apontaram que maior religiosidade está associada à menor qualidade da contabilidade e que, em conjunto, associam-se com maior corrupção. O resultado pode ser explicado pelo coletivismo, característica de ambientes mais religiosos. Ele favorece o desenvolvimento do conluio, o qual tem potencial para prejudicar a qualidade da contabilidade e facilitar a ocorrência de corrupção. Além disso, ambientes mais religiosos estão associados a menor monitoramento, o que pode encorajar a manipulação de informações contábeis e a corrupção. O estudo demonstra que o efeito combinado da religiosidade com a qualidade da contabilidade no combate à corrupção não se apresentou eficiente. As evidências permitem, ainda, avaliar a influência da religiosidade nas decisões dos gestores, como norma social, com reflexos na qualidade da contabilidade e na corrupção.","PeriodicalId":251378,"journal":{"name":"Revista Contabilidade & Finanças","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128669235","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}