Editorial

ID: 37504

Authors: Eliane Salete Filippim.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 801-802, September-December, 2014. 2 page(s).

Document type: Editorial (Portuguese)

Cross-Border Cooperation Networks, Partnerships and the Challenges of Local Governance

ID: 37505

Authors: Joaquim Filipe Ferraz Esteves de Araújo, Enrique José Varela Álvarez.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 803-828, September-December, 2014. 26 page(s).

Keyword: Cross-border cooperation , European Union , Local governance , Municipalities , Networks

Document type: Article (Portuguese) Show Abstract

Cross-border cooperation is a strategy of the European Union (EU) for the integration of member states and regional development through cooperation between national and subnational actors. For this purpose, a model of governance based on partnership of cooperation was proposed. The dynamics developed in border regions (in some cases, Euro - regions) was partly the result of the policies, programs and resources that favoured the creation of cooperation structures between municipalities in neighbouring Member States. It stands out for its “institutional longevity” and intensity of cooperation, the Euro region Galicia-North of Portugal. This article examined the contribution of the Eixo Atlântico to increase the cross-border cooperation and its mission of “meta- network”. The research methodology is a case study done through qualitative approach of documentary analysis of field research and participant observation of studies conducted by several academics in the last decade (2004-2013). This method allows to confirm that the multi-level cooperation of local base (municipalities) has been able to generate new networks of multilevel cooperation and public-private cooperation, beyond its natural geographic scope, currently covering the border territories of Spain and Portugal as well as other border areas of the rest of EU. The result of the study, and one of its main findings, is a contribution to define a new framework for more open border cooperation, based on local cooperation networks, allowing develop a new perspective on multilevel governance, which is defined as cross border governance.

El Acuerdo Productivo Local del regadío de la fruticultura del Valle de Submedium de San Francisco como objeto de la política

ID: 37506

Authors: Éder Lira de Souza Leão, Lúcia Maria Góes Moutinho.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 829-858, September-December, 2014. 30 page(s).

Keyword: APL regadío fruticultura , Políticas , Valle de Submedium de San Francisco

Document type: Article (Portuguese) Show Abstract

El estudio intenta compreender, em principio de la visión de las políticas , la expansión de la fruticultura de regadío en el Nordeste del Brasil, sobretodo en el territorio del Valle del submedium de San Francisco (Pernambuco/Brasil), que tiene lo más importante Arreglo Productivo Local (APL) del país en fruticultura. La base teórica y metodológica de la discusión centraliza en los conceptos de políticas, planificación y APL. También se utilizan base de estadísticas oficiales que complementan la descripción y análisis de ese territorio. Políticas y acciones que construyeron este histórico y institucionalmente el APL y promovieron las articulaciones y cooperaciones existentes, que pueden dividir en tres períodos: antecedentes de la infraestructura de formación y las inversiones públicas y acciones de alivio de sequía (hasta 1979); las políticas y acciones como la base para la producción (entre 1980 y 1999); las políticas y acciones para consolidación el APL (entre 2000 y 2011). Aunque, hay varias acciones desarrolladas durante décadas , pero el territorio necesita más políticas, con énfasis en la cooperación y la innovación en las áreas que se consideran estratégicos para la logística externa de la competitividad, la producción de fruta integrada, la comercialización, el crédito y los incentivos fiscales.

Practices in Corporate Social-Environmental Responsibility of plants in the sugarcane sector: state of the art

ID: 37507

Authors: Carolina Juliana Lindbergh Farias, Rodolfo Araújo de Moraes Filho.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 859-888, September-December, 2014. 30 page(s).

Keyword: Corporate SocialEnvironmental Responsibility , Environmental management , Socio-environmental Management , Sugarcane industry

Document type: Article (Portuguese) Show Abstract

This survey was developed to study the management practices in the sugarcane plants of Northeast with special emphasis in Pernambuco that was there a important producing State, in order to verify the extent to which its administration was modernized, seeking to meet the precepts governing the concept of Socio-Environmental Corporate Responsibility (SECR). The theoretical framework developed addresses topics related to the concepts of Corporate Social Responsibility (CSR), environmental management, strategy and sustainability. To observe the phenomenon, we adopted the method of multiple case study, having been visited eight plants of a total of 13 in operation. Data collection was conducted through semi-directive interviews with open questions to be answered by the managers of plants, heads of representative professional agencies and those responsible for oversight of environmental issues. Content analysis techniques were used for treating the qualitative data and the factor analysis for the treatment of quantitative data collected through a questionnaire using the Likert interval. The conclusions reached allow to deduce that ECR exists in the management practice of the plants in the industry, some to exercise it more intensely than others, but not yet as a fully consolidated management practice, deliberately deployed with the aim of gaining competitive advantage, ,in most cases to meet the requirements of laws regulations. The fact that the related SECR variables are being watched by the business managers of your further explanation, as a result of modern management practiced of plants in accordance the administrative renewal.

Disclosure and Institutional sustainability Theory: an investigation in the electricity sector

ID: 37508

Authors: Paulo Henrique Nobre Parente, Ariane Firmeza Mota, Augusto Cézar de Aquino Cabral, Sandra Maria dos Santos, Isac de Freitas Brandão.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 889-918, September-December, 2014. 30 page(s).

Keyword: Corporate sustainability , Electricity sector , Institutional Theory , Isomorphism , Legitimacy

Document type: Article (Portuguese) Show Abstract

Based on Institutional Theory, specifically under the precepts of legitimacy and isomorphism, organizations, seeking to legitimize their actions, exert isomorphic practices. The study aimed to verify the existence of the isomorphism disclosure of sustainability reports by the Global Reporting Initiative (GRI). For this, 55 sustainability reports of 20 companies in the electricity sector, listed in the database GRI Reporting List for the period between 2008 and 2011 were analyzed. To verify the existence of the isomorphism disclosure of indicators, aspects and dimensions of sustainability, it was used the statistical technique Analysis of Variance (Anova). The results show that companies in the electricity sector have isomorphic sustainability practices throughout the analysis period. It is concluded from the results that the sector is in line with the guidelines established by the GRI reporting, as it realizes high level of disclosure and the existence of isomorphism between these levels for the economic, environmental and social dimensions.

The interrelationship between management control systems and organizational strategies: a case study

ID: 37509

Authors: Ilse Maria Beuren, Sueli Viviani Santana, Maike Bauler Theis.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 919-954, September-December, 2014. 36 page(s).

Keyword: Decentralized management , Management control systems , Organizational strategies

Document type: Article (Portuguese) Show Abstract

The goal of this study is to examine the interrelationship between management control systems and organizational strategies in a large decentralized management company. Based on the study Kober, Nunes and Paul (2007), it was sought to determine whether the systems are molded to changes in the strategies of the company. To this end, a descriptive study with a qualitative approach was carried out through a case study in a large industrial company with open capital, located in southern Brazil. Data were collected by conducting a semi-structured interview with the controller and a questionnaire to nine employees that participate in the strategic processes and managerial control. As a complement, documentary research was conducted for results triangulation. The results show a strong presence of management controls for monitoring outcomes, cost control, bureaucratic control, communication, budget control and organizational culture. It was evident also that management control systems are molded to meet the organizational strategies. It was concluded that there is an interrelationship between management control systems and organizational strategies, according to the study of Kober, Nunes and Paul (2007), however, the existence of bidirectional relationship was not checked, which requires new research for possible explanations.

Assessment of investment portfolio of companies listed in the levels of corporate governance of BM&Fbovespa: an application of Filters Graham

ID: 37510

Authors: Fernanda Kreuzberg, Franciele Beck, Vanderlei Gollo, Fabricia Silva da Rosa.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 955-978, September-December, 2014. 24 page(s).

Keyword: Corporate governance , Evaluation of investment portfolios , Filters Graham , Principal components analysis

Document type: Article (Portuguese) Show Abstract

The research objective was to assess the investment portfolio of listed companies in corporate governance levels of BM&FBovespa by applying Graham filters in line to the Brazilian context, as proposed by Testa and Lima (2012). To achieve the proposed objective it was conducted a descriptive, documentary and quantitative approach with 148 companies secreted at levels 1 and 2 of governance and in the new market, before an analysis of the period from 2003 to 2012 survey. First, it was analyzed the investment portfolios of the companies by the methodology of Graham Filters and after applied the principal component analysis to reduce the dimensionality of the variables. The results indicate that the stability criterion in profits showed a smaller number of suitable companies, followed by the sixth criterion. On the other hand, criteria 1 and 7 showed the highest rate of adaptation. It is found that only 22 companies have performed in accordance with all seven criteria examined by Graham filters. It was concluded that the number of enterprises according to the criteria is still very restricted, corroborating Testa (2011) and Testa and Lima (2012). Through the application of principal component analysis, highlighting the results found by the matrices of eigenvalues and eigenvectors, it was found that the criterion 2 filter that sends the liquidity of companies, can be eliminated, with a low explanatory power.

Risk disclosure of construction companies after the 2008 international financial crisis: a panel data analizes

ID: 37511

Authors: Fernanda Sousa Gabriel, Isabela de Moura Abreu, Sirlei Lemes.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 979-1000, September-December, 2014. 22 page(s).

Keyword: Construction sector , Disclosure , Painel data

Document type: Article (Portuguese) Show Abstract

The purpose of this paper was to identify the influence of 2008 global financial crisis on the level of risk disclosure by construction companies listed on BM&FBovespa (Brazilian Mercantile and Futures Exchange) over the period 2007 to 2011. All the data were obtained through content analysis of the first and fourth quarterly financial reports – including notes, management reports and auditors’ report – of the twenty companies. Using the methodology of panel data with fixed effects, the results indicate that it is not possible to state that the global financial crisis affected the level of risk disclosure of construction companies. The results can be explained by government policy adopted prior to, throughout and subsequent to the financial crisis in 2008. The government’s goal was to protect the construction industry against the effects of the financial global turmoil. As the construction companies were economically, politically and financially protected there was not enough threatening to compel the companies to increase risk disclosure on their financial reports.

The foreign exchange corporate risk management through derivatives in brazilian academic articles: bibliometric study between 1999 and 2013

ID: 37512

Authors: Alessandra Orchis Machado, Fábio Gallo Garcia.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1001-1030, September-December, 2014. 30 page(s).

Keyword: Derivatives , Foreign exchange risk , Hedge , Publication

Document type: Article (Portuguese) Show Abstract

Many non financial companies have been challenged to manage their foreign exchange risk, and the appropriate use of financial derivatives is among the most effective strategies to eliminate or minimize its risk. Far from trivial, market risks’ management requires internal policies’ definition; discipline, technical knowledge, accounting and tax impacts’ evaluation, among others. Addressed internationally in scientific publications, the corporate foreign exchange risk management has interested financial managers stakeholders, potentially benifited or harmed by the adopted strategy. So, it emerges the question if in Brazil, scientific articles have been approached the foreign exchange corporate risk management by derivatives. This bibliometric study identified and analyzed 44 Brazilian studies published between 1999 and 2013 in journals ranked by Web Qualis Capes system as A1 , A2 , B1 and B2, within the areas of Administration and Accounting; as well as studies presented in Congresses Enanpad and Brazilian Society of Finance, whose variables were “hedge”, “derivatives”, “corporate exchange risk management” and “accounting for financial instruments”. Finally, that ones which could offer greatest contribution in the process of managing corporate foreign exchange risk were highlighted.

Analysis of the strategy of TOTVS foreign direct investment

ID: 37513

Authors: Fábio Dal-Soto, Juliano Nunes Alves, Cristiano Couto do Amarante, Aniéli Ebling Bulé.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1031-1060, September-December, 2014. 30 page(s).

Keyword: Eclectic paradigm of production , Foreign direct investment , Software industry

Document type: Article (Portuguese) Show Abstract

Global changes have led companies to the growing internationalization of their strategies. In this sense, the present work aims to analyze the strategy of TOTVS foreign direct investment, which is a Brazilian software company with significant international expression. It consists, thus, in a research of qualitative approach accomplished through the strategy of single case study, with primary and secondary data examined taking into account the theoretical framework of the eclectic paradigm of production. The results show that the actions taken by TOTVS corroborate the specific advantages advocated by the eclectic paradigm and they are determinant to foreign direct investment, like the transfer of assets within its own structure, the access to skilled labor at lower cost, and the installation of distribution hubs.

Recognition of measurement and disclosure in financial leasing owner’s financial statements: a study on the level of compliance in companies listed on Bovespa

ID: 37514

Authors: João Florêncio de Vasconcelos Neto, Rhoger Fellipe Marinho da Silva, Alexandre César Batista da Silva, Karina Simões Campelo.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1061-1088, September-December, 2014. 28 page(s).

Keyword: Accordingly , Accounting convergence , Lease

Document type: Article (Portuguese) Show Abstract

This study aimed to verify the compliance level of recognition, measurement and disclosure of financial statements of the Owner for the purpose of dissemination of Leasing operations with the criteria presented by CPC 06, the fiscal year 2012. For this, we used the Deductive Method, in the form of survey, from the application of a structured checklist, taking into consideration the financial statements of the sub-sector: financial intermediaries, the economic sector: Financial and others listed on Bovespa, in the year 2012, so as to constitute an analysis of the compliance level of recognition, measurement and disclosure to the criteria presented by CPC 06, through the use of arithmetic applied to the set of information quoted. After analysis, it was observed that the recognition process presents significant level of equity to international standards of accounting. However, the tangent to the processes of measurement and evidence, the companies studied, show up distant parameters presented by CPC 06. Thus, it was concluded that the object sample firms, acting as lessors are not recognizing, measuring and evidencing the financial leasing information reliably to the criteria established by CPC 06. Therefore, it is necessary a greater commitment of companies with respect to compliance with international standards, as well as a concern of accountants to apply changes aimed at improving accounting matters, which should encourage their users with quality information quantity of uniform character and ensuring clear, precise and cohesive disclosures.

The quality of the information of reference forms in brazilian companies listed in the new market of the BM&FBovespa

ID: 37515

Authors: Lindenberg Araújo Aragão, Danival Sousa Cavalcante.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1089-1118, September-December, 2014. 30 page(s).

Keyword: Quality of information , Reference Form , Transparency

Document type: Article (Portuguese) Show Abstract

This study investigates how Brazilian companies behave in relation to filling in the Reference Form (RF), regarding the quality of the information, the transparency and the practices in the conduct of the business, checking its adequation to the requirements of CVM (Securities Commission of Brazil) Instruction n. 480/2009. This exploratory-descriptive study was conducted through desk research, using content analysis of 95 companies on their RFs. The categories analyzed were the risk factors, the market risks, the administrators’comments, the general assembly and concil of administration and administrators’ remuneration. In theory, the results show that the quality of the information analyzed is low. Attempts to omit information about the processes and practices adopted in the conduct of business were registered, which sets non-compliance with the rules of CVM Instruction n. 480/2009 and inconsistency between the asked in the FR and the responses from companies. On the other hand, almost half of the responses were classified as “Complete Information”, indicating that many companies have done their duty to inform, serving both the investor’s and CVM’s expectations. Despite the drawbacks and the large number of errors made when filling in the RF, the balance of the first amount of information required by CVM Instruction n. 480/2009 was positive, showing, however, that companies still require a period of learning and adaptation to the new rules.

Factors that influence talents’ and performers’ retention, permanence and decision to leave the company

ID: 37516

Authors: Tânia Maria Paiva Carrara, Simone Costa Nunes, Amyra Moyzés Sarsur.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1119-1148, September-December, 2014. 30 page(s).

Keyword: Generations , Retention , Talent

Document type: Article (Portuguese) Show Abstract

This study sought to identify organizational factors that may influence the professionals considered to be talented, belonging to generations baby boomers, X and Y as regards to their stay or their effective intention to leave the company. This research used the case study methodology, and adopted quantitative and qualitative data collection and analysis. The study was conducted in a steel manufacturing organization. The main factors of retention analysed were work environment, configuration of work, working conditions, leadership management, career, total compensation, training and development. In the first stage of the research, an electronic questionnaire was answered by 212 employees, and multivariate statistics was used to analyse the results. In the second stage, a semi-structured interview was conducted with 10 subjects, who are representative of generations baby boomers, X and Y. In the latter stage, content analysis technique was used to examine data by theme category, considering the relevant themes. In relation to the outcomes, it was verified that there is not only one factor that influences retention, but rather a set of factors that contributes to the stay of individuals in the company, and also that the absence of that one factor significantly concurs to their intention to leave the company. It has become evident that there are no significant differences among the three generations surveyed as far as impact factors of retention, permanence and intention to leave are concerned.

Emotional responses and its effect on patients satisfaction with health care assistance

ID: 37517

Authors: Danielle Mantovani, Edna Aparecida Lopes Bezerra Katakura, Paulo Henrique Müller Prado, Mariana Monfort Barboza.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1149-1178, September-December, 2014. 30 page(s).

Keyword: Emotional responses , Healthy care assistance , Satisfaction

Document type: Article (Portuguese) Show Abstract

Consumer’s satisfaction has been approached as a process which involves a cognitive and emotional evaluation. This study aimed to expand the concept of satisfaction in the health care system, identifying the satisfaction of the patients with the health care assistance. We also analysed the mediating impact of the emotional response between the perceived quality and the global satisfaction. The service’s performance evaluation was based on the user’s perception of the doctors, who is considered the responsible for attending people. A descriptive and quantitative survey was conducted with 501 respondents (251 users of the Unified Health System (SUS) and 250 users of health insurance and private). Six out of the eight hypotheses were confirmed. Satisfaction with the attributes showed a direct influence on global satisfaction, and a positive influence on the positive emotional response and negative influence on the negative emotional response. Problems related with any aspect of the service produces negative emotions, which were confirmed by the relationship between the dissatisfaction with the attributes of the service and the negative emotional response. On the other hand, the positive emotional response was not influenced by dissatisfaction evaluation. The direct proposed relationship between the dissatisfaction with the attributes of the service and Global Satisfaction was not confirmed for the Health Insurance and Private group.

Program reuni brazilian in federal higher education institutions: a study of the operational efficiency through data envelopment analysis [dea] in the period of 2006 to 2012

ID: 37518

Authors: André Junior de Oliveira, Lauro Brito de Almeida, Teresa Cristina Janes Carneiro, Jorge Eduardo Scarpin.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1179-1210, September-December, 2014. 32 page(s).

Keyword: Data envelopment analysis , Federal higher education institution , Operational efficiency , Reuni

Document type: Article (Portuguese) Show Abstract

Instituted by Decree No. 6.096/2007, the Support Program to Plans of Restructuring and Expansion of Federal Universities (Reuni) had as its main objective the expansion of higher education. However, a range of resources from Reuni were available to the Federal Universities of Higher Education (IFESs). The present study aimed to verify the influence of Reuni in the operational efficiency of Brazilian IFES from 2006 to 2012. Statistical techniques for dissimilarity test (test and Euclidean distance) and Data Envelopment Analysis (DEA) were used in data analyzes. Through the technique of data envelopment analysis, it was possible to identify the IFES considered efficient and inefficient over the years analyzed, and classify them according to the distance they were from the ideal or maximum efficiency. The evaluated federal universities were considered operationally efficient, and only one institution has achieved maximum efficiency in all years analyzed. The results showed that the increase in funds from the new policies of Reuni (2008-2012) did not alter the results of the efficiency of Pré-Reuni (2006-2007) period, because the IFES working with high relative efficiency before deploying Reuni, continued effective after the beginning of the program. Future researches will deepen the analysis, investigating the reality of each IFESs separately.

Eighteen year academic production field of knowledge accounting in the Optics of International Journals The International Journal of Accounting and The British Accounting Review

ID: 37519

Authors: Henrique César Melo Ribeiro.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 13, n. 3, p. 1211-1240, September-December, 2014. 30 page(s).

Keyword: Academic production , Accounting , International journals

Document type: Article (Portuguese) Show Abstract

The aim of this study was to analyze the evolution of the field and the knowledge Accounting from the perspective of international periodical The International Journal of Accounting and The British Accounting Review. Methodologically, we used the techniques of bibliometric analysis and social network total of 695 articles identified in the two journals. There was a predominance of publications in partnership; Vivien Beattie was the most fruitful and the most central author of this study; the University of Manchester, excelled in producing articles as well as the central academic institution of this research. The UK and US were the most productive countries regarding the publication of articles and those who obtained the highest degree centrality. There was a low density level in all social networks study. And the most published topics were: audit, corporate governance, international accounting standards, disclosure, financial reporting and capital markets. It follows the general profile and the evolution of the knowledge area Accounting from the perspective of journals investigated, contributing to the improvement of this field of knowledge, in order to enable future interactions between national and international researchers (including the journals investigated) and between and accept the future realization of these associations in order to disseminate information exchange and building, socialization and intellectual structure of accounting disclosure in Brazil; their respective academic institutions.