Editorial V. 33, N. 2, 2022

ID: 69017

Authors: Ewerton Alex Avelar.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 1-3, May-August, 2022. 3 page(s).

Document type: Editorial (Portuguese)

Influence of management control system information on knowledge conversion skills

ID: 68334

Authors: Silvana Mannes, Ilse Maria Beuren.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 1-25, May-August, 2022. 25 page(s).

Keyword: Knowledge conversion skills , Management control systems , Organizational slack

Document type: Article (Portuguese) Show Abstract

This study analyzes the influence of the use of information from management control systems on knowledge conversion skills, mediated by organizational slack. For this, a survey was conducted in companies benefiting from The Good Law, Law No. 11,196, of November 21, 2005, in the base year of 2015, and was attended by 123 managers of these companies. This law grants exemptions to companies focused on research and development of technological innovation. To test the hypotheses, the structural equation modeling technique was applied. The results revealed that the score keeping use positively influences organizational slack and knowledge conversion skills, while the comprehensive use positively influences only organizational slack. They also revealed that organizational slack mediates the relationship between comprehensive use and knowledge conversion skills. In contrast, no significance was found when inserting the mediating variable between score keeping use and knowledge conversion skills. This suggests the complementarity of MCS and a dual role in directing organizational objectives and strategies and monitoring the achievement of goals. It contributes to the conflicting results observed in the literature, presenting new implications in the use of MCS and in the effects of slack to facilitate knowledge creation. The findings can also guide companies in sustaining their business with the knowledge creation within the scope of the work, defining policies for the formation of organizational slack at an adequate level, and directing the use of information from the MCS to their strategies.

Influence of economic cycles on the comparability and consistency of accounting information: evidence from publicly traded companies in the brazilian market

ID: 68335

Authors: Allison Manoel de Sousa, Rodrigo Malta Meurer, Taise Feltes, Alex Mussoi Ribeiro.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 26-56, May-August, 2022. 31 page(s).

Keyword: comparability , consistency , economic cycles

Document type: Article (Portuguese) Show Abstract

We analyzed the influence of economic cycles on the comparability and consistency of accounting information for publicly traded companies in the Brazilian market. Our sample consisted of 61 companies that were analyzed in annual periods from 2013 to 2019. We calculated comparability through the similarity of the accounting function of DeFranco, Kothari, and Verdi (2011). To measure consistency, we used the measure adapted from DeFranco et al. (2011), developed by Ribeiro (2014). We measure economic cycles using the model by Bry and Boschan (1971) and the sophisticated model by Harding and Pagan (2002). We analyze the data using panel data regressions. We found that financial statements become more comparable in economic cycles of contraction. However, we find that there is a reduction in the comparability in other economic cycles. Accounting information is more consistent in economic downturn cycles. The other economic cycles are less consistent than the contraction economic cycle. As practical implications, our findings help investors and lenders, since the macroeconomic environment can be used as a parameter to understand the behavior of comparability and consistency. Thus, investors will be able to understand the levels of these aspects of accounting information according to each economic cycle to proceed with the decision process between different investment alternatives.

Tax aggressiveness, life cycle stages and level of investments: an analysis of the moderating effect on B3 listed companies

ID: 68336

Authors: Vagner Antônio Marques, Beatriz da Silva Campos, Bárbara Zanoni Alencastre, Luiz Cláudio Louzada, Antonio Lopo Martinez.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 57-83, May-August, 2022. 27 page(s).

Keyword: Investment Level , Return on investments , Tax Aggressiveness

Document type: Article (Portuguese) Show Abstract

The aim of present study was to analyze the moderating effect of the life cycle stages of firms (ECV) on the relationship between tax aggressiveness and the investment level of Brazilian companies listed in B3. The research descriptive, archival and quantitative approach used quarterly data of 2012-2020 of 3,853 observations of 270 companies available in the Thomson Reuters and COMDINHEIRO databases. The data were analyzed through descriptive statistics, differences tests, correlation analysis and regression with panel data using stata 16 software. The results showed that ECV have a moderating effect on relationship between tax aggressiveness and the investment level. It was observed that in companies in the Growth, Shakeout and Decline stages, tax aggressiveness has a positive effect on the level of investments, reinforcing the importance of tax planning. The results were consistent for different proxies of investment level and tax aggressiveness, including, using the tax burden measured from the Statement of Added Value (DVA). The findings provide important insights for accountants, managers, auditors and contribute to the discussion about the use of alternative proxies to identify tax aggressiveness and its impacts Brazilian context.

Costs considered in the choice of the modalities of earnings management: empirical study in companies listed on B3

ID: 68337

Authors: Jaqueline da Silva Marques, Felipe Ramos Ferreira.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 84-105, May-August, 2022. 22 page(s).

Keyword: Accruals , Earnings Management , Operational Decisions , Trade-off

Document type: Article (Portuguese) Show Abstract

The study verifies which associated costs influence the choice (trade-off) of an earnings management (EM) practice, to the detriment of another, by companies. To this end, an empirical study was carried out with publicly traded Brazilian companies listed on B3 in the period 2008-2017, carried out in two stages. In the first one, the levels of production costs considered normal, discretionary expenses and accruals were estimated, following the methodology proposed by Roychowdhury (2006) and modified Jones (Dechow et al., 1995). In the second step, following Zang (2012), the residuals of the proposed models were part of the multiple regressions estimated in a panel, to evaluate the effect of the costs of each management modality. The data were obtained via the Economática platform, being processed in the Stata software. The results indicate that companies audited by Big4 tend to incur less EM based on accruals and that companies considered leaders in the segment in which they operate engage more in manipulation by real activities. It was not possible to confirm that, due to their uncompetitive status in the sector, non-leading companies use more EM by accruals. On the other hand, less healthy financial conditions are determinant for management by accruals. Furthermore, the results indicate a substitutive relationship between manipulation of real activities and EM by accruals. The level of the latter is negatively related to the unexpected value of the former, realized at the end of the fiscal year.

Management of results in latin american non-financial companies with receivable loss allowance

ID: 68338

Authors: Raíssa Aglé Moura de Sousa, Mayara Barbosa Bezerra, José Alves Dantas, César Augusto Tibúrcio Silva.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 106-128, May-August, 2022. 23 page(s).

Keyword: Earnings management , IFRS 9 , Non-financial companies , Receivable loss allowance

Document type: Article (Portuguese) Show Abstract

This study aimed to evaluate whether publicly traded non-financial companies in Latin America use the recognition of the receivable loss allowance (RLA) for losses associated with credit risk for the purpose of earnings management. The empirical tests were based on annual data between 2016 and 2019, covering 333 non-financial companies from 6 countries listed on the MSCI Emerging Markets Index. The results showed evidence that non-financial companies used discretion in recognizing credit losses for the practice of income smoothing. This behavior is more relevant in the observations related to the period of validity of IFRS 9 among companies with a substantial volume of financial assets. Consequently, we confirmed the expectations that the adoption of the expected loss model, instituted by IFRS 9, increases the perspective of the practice of earnings management by non-financial entities. Our empirical evidence contributes to the development of literature on earnings management through specific accruals in this type of entity, and regarding the impact of the adoption of IFRS 9 on the quality of information, and fills a gap in studies on financial instruments in non-financial entities.

The influence of personal and organizational areas in the price decision from the perspective of risk tolerance

ID: 68339

Authors: Lisiany Andrino Borges, Edvalda Araújo Leal, Janser Moura Pereira.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 129-156, May-August, 2022. 28 page(s).

Keyword: Availability heuristic , Decision making , Price , Prospect Theory , Risk aversion

Document type: Article (Portuguese) Show Abstract

The objective of the study was to identify the influence of the personal and organizational areas in the price decision under the perspective of risk tolerance in light of the Prospect Theory proposed by Kahneman and Tversky in 1979. The analysis in the organizational area is carried out in relation to the definition of the price and in the personal area in the perception of fairness in the formation of the price. Therefore, an experiment was carried out under laboratory conditions, applied virtually to 174 students of lato sensu specialization from the Administration and Accounting courses offered by the Federal University of Uberlândia. The participants were randomly assigned to two groups representing the personal and organizational areas, which make pricing decisions. Data were statistically analyzed using logistic regression and the results indicate that the area in which the decision was taken does not affect the individual's risk tolerance, differing from the results found in other studies in the area. Furthermore, it was possible to conclude that some demographic variables influence the manager in the decision regarding price definition and also the consumer (personal area) in the perception of fairness in price formation. The findings are consistent with the Prospect Theory, which defends that individuals take risks to avoid a loss and avoid risks in situations that can obtain a gain. The study results contribute to the presentation of empirical evidence on risk tolerance, complementing the literature in the scientific world and for organizations and society, demonstrating which demographic characteristics can affect the risk tolerance of the customer and the manager in price decisions.

Legislative’ role in the budgetary process in municipalities

ID: 68340

Authors: Elessandra Pereira da Silva, Ricardo Rocha de Azevedo.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 157-182, May-August, 2022. 26 page(s).

Keyword: Executive branch , government coalition , Legislative branch , municipal governments , Public budget

Document type: Article (Portuguese) Show Abstract

This paper contributes to the growing body of knowledge by probing into the role of councilors in the debate, consultation, and adoption of the municipal public budget. The Sociological Institutional Theory of Legitimation is used as the theoretical lens in this study to understand the formation of government coalitions. The study also aims to identify the criteria and conditions required for municipal budget approval by councilors during discussions and thus ascertain how the search for social legitimacy affects councilors' performance. In order to answer the research questions, survey instruments were designed and administered electronically to a sample of Brazilian councilors elected in 2016. The data was subsequently categorized into three dimensions for the purpose of statistical analysis: (i) the source of knowledge of voters' demands and the transparency of the budget process; (ii) the impact of the Budget and Finance Committee's opinion on councilors' votes; and (iii) councilors' involvement in the budget process. The findings suggest that councilors only act in order to be recognized by the mayors and the electors instead of regulating the activities of the executive. By implication, this study attributes the factors responsible for the councilors' resignation from the legislative function to; indebtedness, fictitious budget, and limited social representation in the budget process.

Is the impairment test a farse? The case of athletes in brazilian football clubs

ID: 68341

Authors: João Henrique Krauspenhar, Suliani Rover.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 183-208, May-August, 2022. 26 page(s).

Keyword: Brazilian football clubs , Impairment test; athletes

Document type: Article (Portuguese) Show Abstract

This study analyzes the disclosure, measurement, and recognition of the recoverability of athletes as assets in Brazilian football clubs based on evidence of problems in carrying out the impairment tests. Thirty-four football clubs that played divisions A and B of the Brazilian league system in 2019 were examined, obtaining a sample of 198 observations considering the period between 2013 and 2019. The research showed an unsatisfactory level of disclosure of the impairment test (44.46%) and a satisfactory level of recognition of loss (76.19%) (in the observations where losses were identified). As for the level of recognition of impairment, there was significant variation among the pertinent observations, highlighting that clubs must disclose such information. When the analysis considers the group of professionals in a team, the estimated recoverability of athletes indicates that their book value is predominantly recoverable, with only six observations showing signs of unrecognized impairment. Complementary analysis of athletes analyzed separately indicates that 12 out of 18 observations have at least one athlete with evidence of unrecognized impairment. The results update and extend the literature on the subject, explaining the contrast in recognizing impairment when comparing Brazilian and European clubs, indicating the non-observance of the accounting standard by Brazilian football clubs. On the other hand, it points out that the low level of impairment recognition is justified when considering the value of the teams as a whole, leading to a debate about accounting standards.

Leadership, well-being at work and the Dark triad: an analysis of the perception of brazilian employees

ID: 68342

Authors: Márcia Figueredo D’Souza, Ana Maria Roux Valentini Coelho César.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 209-231, May-August, 2022. 23 page(s).

Keyword: Dark Triad , Leadership , Well-being at work

Document type: Article (Portuguese) Show Abstract

The study seeks to analyze the influence of the Dark Triad traits in leaders on the well-being of employees at the workplace. For this purpose, a survey was carried out with 268 Brazilian employees. Descriptive statistics, the test of hypotheses, multiple regressions and logistics were applied. The results showed a major perception of leaders with narcissistic traits and a greater sense of fulfilment at work by employees. The well-being dimensions related to positive, negative and fulfilment affects differ in the presence of leaders with Machiavellian and psychopathic traits. The three traits were positively associated with negative emotions and moods in the work environment and negatively associated with positive and fulfillment affects at work. The stronger the Machiavellian traits, the higher the propensity for negative affects, and the lower the propensity for positive and fulfillment affects. The results provide an opportunity for reflection on the actions of leaders with strong traits of the dark triad, which interfere with positive feelings and emotions and impact on employees' prospects for professional fulfillment. They raise the debate about the behavioral consequences of leaders with these traits in the work environment during the pandemic crisis, given the direct impact on organizational productivity and employees' mental health. Furthermore, they propose a more careful look at educational settings and leadership competency development programs, aiming to promote empathy, a search for altruism, and life-oriented values, which consider the appreciation of groups and general well-being.

Accounting concepts recommended by teachers and their relations with student performance

ID: 68343

Authors: Edilei Rodrigues de Lames, Gilberto José Miranda.

Source: Contabilidade Vista & Revista, v. 33, n. 2, p. 232-256, May-August, 2022. 25 page(s).

Keyword: Accounting as a Representation of Reality , Accounting Concepts , CFC Sufficiency Exam , Conceptual Structure , Student Income

Document type: Article (Portuguese) Show Abstract

This article aims to analyze whether the understanding of accounting concepts by the teacher is associated with student performance, measured by their performance in the CFC Sufficiency Exams. The study is exploratory-descriptive, with a quantitative approach and makes use of a questionnaire applied to 433 professors in Accounting in Brazil, in addition to the CFC Sufficiency Examination database. For data analysis, descriptive and inferential statistics were used (Correlation Analysis and Beta Regression). The results indicate that professors with publications in high-impact journals, who have had a Ph.D. for a longer time and have been working for less time in teaching are the ones who best contribute to passing the Sufficiency Examination. It is observed that there is a statistically significant correlation with student performance in the Sufficiency Examination in four of the six accounting concepts analyzed. The concepts of Science, Applied Social Science and Art show negative implications for student performance, while the results for the concept of Accounting as a Representation of Reality suggest that the teacher who accepts this concept tends to better enable students to exercise the profession, by higher percentage of passing the CFC Sufficiency Examination, despite not having been supported by beta regression. It is concluded that the understanding that teachers have of accounting concepts and, above all, of its limitations in the decision-making process, has interfered with student performance.