Editorial V. 17, N. 1, 2018

ID: 49263

Authors: Ieda Margarete Oro.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 5-8, January-April, 2018. 4 page(s).

Document type: Editorial (Portuguese)

Preparing a Change Laboratory Intervention: Waste Management in a University Hospital

ID: 49264

Authors: Marcio Pascoal Cassandre, Carine Maria Senger, Marco Antonio Pereira Querol.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 9-28, January-April, 2018. 20 page(s).

Keyword: Activity Theory , Change Laboratory , University Hospital , Waste Management

Document type: Article (English) Show Abstract

Researchers, interventionists and managers are challenged to plan an intervention for the development of an activity. To this purpose, it is necessary to understand and negotiate the object of the intervention with the participants. This task can be facilitated through the elaboration of a research scheme used as a planning and learning tool among interventionists and participants. This article presented an outline of such scheme for future application of a Change Laboratory (CL). This lab is considered a method to provide the development of the solid waste management activity in a university hospital in Paraná State, Brazil. The study shows the aspects to be explored to plan a CL in order to develop a new concept of this activity. It is a draft for the planning of these methodology sessions. Its preparation makes use of preliminary ethnographic data collected during the beginning of the investigative procedure foreseen by CL, seeking the current conflict historical understanding.

Public Expenditure and Human Development Level of Brazilian States: An Analysis of IDHM 2000 and 2010

ID: 49265

Authors: Taíse Fátima Mattei, Fernanda Mendes Bezerra, Gilmar Ribeiro de Mello.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 29-54, January-April, 2018. 26 page(s).

Keyword: Brazilian states , Human Development Index , Public Expenditure

Document type: Article (Portuguese) Show Abstract

One of the ways for a government to act in the economy is in the allocation of public expenditures. Public expenditures aim to contribute to the provision of public services to the population, as well as to the generation of investments in the economy. It is often questioned whether such expenditures can actually contribute to the improvement of people’s lives. Thus, understanding whether public expenditures arerelated to the level of human development is important for government decision-making, and to improve the management of public expenditures, mainly to target the areas in which resources should be spent. Therefore, the objective of this article is to verify the contribution of public expenditure per capita by functions to the level of human development of the Brazilian states. The method adopted is the multiple regression estimated by the ordinary least squares method using panel data. The data comes from IBGE, UNDP and IPEA DATA. The results suggest that some expenses have a positive contribution to the development of the states. Analyzing the model with all expenses in the same regression, health and education presented positive relation to increase the HDI. Analyzing the models in isolated regressions, assistance and pension, education, health, safety and transportation expenses confirmed a positive impact on the level of development of the states. It is important to highlight the importance of health and education expenditures, which were influential in the development of the two approaches.

Analysis of Environmental Information Evidenced in Sustainability Reporting and Annual Reports on Liquid Effluent of Brazilian Companies

ID: 49266

Authors: Mara Vogt, Larissa Degenhart, Nelson Hein, Fabricia Silva da Rosa.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 55-78, January-April, 2018. 24 page(s).

Keyword: Brazilian companies , Environmental disclosure , Wastewater

Document type: Article (Portuguese) Show Abstract

This study aimed to analyze the environmental information reported through Sustainability Reports (RS) and Annual Reports (RA) on wastewater of Brazilian companies. A descriptive, document and quantitative research. The study population includes 100 companies belonging to the Brazil Index 100 and the sample was composed of 97 of these companies. Criteria and sub-criteria were verified with different scales on the aspect effluents in RA and RS for the period 2010 to 2013. We calculated the weight of the information through the entropy and after we applied the method Simple Additive Weighting (SAW) for the development the rankings and the Spearman correlation. Regarding the analyzed criteria and sub-criteria, the type of information had the highest influence on the disclosure of effluent in both reports. Regarding the overall ranking on environmental information verified in RA, companies that stood out were the BRF – Brazil Foods and Duratex. Already regarding the information disclosed in the RS, the Fibria companies and BRF – Brazil Foods were highlighted during the period. It is concluded that Brazilian companies should disclose more environmental information effluents in their reports, as many of these have not provided information on the criteria and sub-criteria analysis.

Financial Cost of Storage: A Case Study in a Large Industry

ID: 49267

Authors: Rodney Wernke, Andrey Pereira dos Santos, Lia Schlickmann, Antonio Zanin.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 79-102, January-April, 2018. 24 page(s).

Keyword: Case study , Financial cost , Stock

Document type: Article (Portuguese) Show Abstract

The article aimed at the measurement of financial costs related to the storage of raw materials of a large factory. For that, a descriptive methodology was used, with a qualitative approach and the case study format. As to the results, the procedures detailed in the text that provided managerial information about the high value of surplus inventories (R$ 1.029.913, 26), the existence of inputs with long storage periods and significant financial costs (over R$ 170 thousand) for the maintenance of inventory with such characteristics. In addition, it was possible to determine the most problematic products and performance by groups of raw materials, allowing a comparison between these segregation modalities. Finally, some limitations of the study and recommended topics for future research were listed.

Influences of Social Capital in the Constitution of Contemporary Circus Canadian: A Study in Montréal City, Canada

ID: 49268

Authors: Josiane Silva de Oliveira, Cristiane Marques de Mello.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 103-128, January-April, 2018. 26 page(s).

Keyword: Artists , Canada , Circus organizations , Organizational field , Social capital

Document type: Article (Portuguese) Show Abstract

The purpose of this article is to discuss the influences of social capital in the constitution of organizational contemporary circus field in Canada. Therefore, we consider social capital as a set of rules, networks and organizations through which individuals gain access to power and resources for decision-making and policy formulation. We understand that the importance of this work in the relevance of the study of circus organizations, by the articulation between cultural and economic practices that occur in their organizational process, especially in the Canadian context that is configured as a world reference of the field of contemporary circus and still little studied in the area of Administration. The research was conducted in the City of Montréal, province of Québec, Canada, in 2013. We interviewed managers of the three organizations operating in regulation and dissemination of the arts in Canadian circus, and of eight major contemporary circus companies. The results indicate that work on major circus companies is one way to establish the capital, enabling training, access to professional network of the area and potential working partners. The social capital enables the articulation of artists in organizations to produce alternative ways of access to financial resources and participation in public tenders for development. One of the contributions of the study is in the empirical evidences, when incorporating the practices of management to the artistic practices circenses.

Given the High Demand for Training in Organizations with Cost Reduction

ID: 49269

Authors: Roquemar de Lima Baldam, Guilherme Marques Fiorot, Rafael Moreira Grazia da Silva, Tullio Rocio Pitanga, Vitor Arçari Vieira.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 129-150, January-April, 2018. 22 page(s).

Keyword: Cost reduction , Dynamic capability , Performance , Training

Document type: Article (Portuguese) Show Abstract

Studies show that investment in training for employees brings benefits to the organization such as increased productivity and quality of the product or service delivered. On the other hand, the necessary investment has been increasing due to the direct and indirect costs related to the capacities carried out. Thus, the present study was based on the need to increase the number of qualifications of employees within a large organization, thus seeking a way to meet this high demand, with intense reduction of costs and, at the same time, their quality. The method developed is characterized by the use of Dynamic Training and Competence Management concepts, in order to contribute to the organization’s strategies and needs in meeting the skills gaps. Finally, there was a 36% reduction in the average cost of training, attending to the high demand of the same through a 164% increase in the amount of training and, at the same time, guaranteeing quality.

Competences Required in the First Years of the Audit Career in a Big Four

ID: 49270

Authors: Gabriel Nilson Coelho, Rita de Cássia Correa Pepinelli Camargo, Marcelo Haendchen Dutra, Sérgio Murilo Petri.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 151-174, January-April, 2018. 24 page(s).

Keyword: Audit , Competence , Professional profile

Document type: Article (Portuguese) Show Abstract

The objective of this study is to identify the necessary skills in the perception of the audit professional for the execution of the work in the first years of the professional career. In order to investigate the required competencies of the audit professional in the first years of the career, the selected technical procedure was the survey, and the sample of the study was composed by professionals working in a Big Four audit firm. A total of 62 questionnaires were sent and 41 responses were obtained, representing a rate of return of 66.12%. Among the skills used in the questionnaire, thirteen were extracted from the study by Cardoso (2006) and six from Camargo’s study (2012). Data analysis was performed using descriptive statistics such as percentages and averages. In addition to the descriptive statistics, a non-parametric test (Mann-Whitney U test) was used for mean difference. The results showed that, from the skills analyzed, the knowledge of “Accounting and Finance”, “Professional Update”, “Integrity and Confidence”, “Attendance”, “Communication”, “Listen effectively” and “Teamwork”, four (Likert five-point scale). Among these, the “Teamwork” and “Attendance” skills demonstrate that beginners in the career have their required interpersonal skills, be it with co-workers or audited clients. It is considered that the contribution of the study lies in the fact of empirically identifying the skills required of audit professionals in the early years of the career, which can serve as a basis for students wishing to pursue the profession.

Testing the Relationship between Service Level and Price through the Logistics Laboratory

ID: 49271

Authors: Marco Aurélio Carino Bouzada.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 175-198, January-April, 2018. 24 page(s).

Keyword: Business Games , Logistical Service Level , Logistics , Logistics Laboratory , Price

Document type: Article (Portuguese) Show Abstract

Do companies that offer higher level of logistics service achieve higher revenues and have to deal with higher costs, as the theory says? This research aimed to test the relationship among service level, sales price and some performance indicators of companies managed by participants of a Logistics Business Game. To test the research question, seven correlation analyzes were performed. The main results were the verification of the impact of the service level on costs and revenue and the impact of the sale price on revenue and total result. These empirical findings were compared to the theoretical conclusions found in the literature. It was possible to conclude that the disagreements with theory do not imply that the experimental results are refuting the theoretical ones; they only indicate that the participants of the Game are not, in general, attending to the suggestions of the theory.

Impacts of the Initial Public Offer of Shares in Economic and Financial Performance of Brazilian Companies in B3

ID: 49272

Authors: João Paulo Albuquerque Kalil, Gideon Carvalho de Benedicto.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 197-224, January-April, 2018. 28 page(s).

Keyword: Capital market , Financing decisions , IPO , Performance of companies

Document type: Article (Portuguese) Show Abstract

The article aimed to discuss the impacts of the IPO on the economic-financial performance of Brazilian companies listed in B3. These impacts were analyzed in terms of: sales growth; profitability of assets; return on shareholders’ equity; and profitability of sales. In order to reach the objectives, the database of the companies that carried out the IPO between 2008 and 2013 was used. The research presented theoretical foundations and information from researches and institutions, including literature review, financing decisions, initial public offering of stock and economic-financial performance of companies through indicators. The methodology, in general, was an explicative and quantitative research. The financial statements were collected through the financial reports available on each company’s website and also on the B3 website. The final sample included 28 companies of different sizes and sectors. More specifically, a multivariate statistical methodology was used with multiple linear regression econometric models in panel data. Based on this discussion, the results suggest that the IPO generated a positive impact on the growth of net sales revenues. On the other hand, the IPO resulted in a negative impact on the performance of companies in terms of the profitability of assets and shareholders’ equity. Finally, the IPO variable was not significant in the sales profitability model measured by the net margin.

Organizational Innovation how Competitive Advantage: A Study on Brazilian Organic Agroindustry

ID: 49273

Authors: Paolo Edoardo Coti-Zelati, Adriana Miniussi, Davi Lucas Arruda de Araújo, Maurício Jucá de Queiroz.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 225-244, January-April, 2018. 20 page(s).

Keyword: Agribusiness , Competitive , Innovation , Organic products

Document type: Article (Portuguese) Show Abstract

This research aimed to identify the influence of the innovation process in the competitiveness of brazilian organic agrifood industry, we sought to create adhesion between the literature review and empirical research raised the strategies of innovation and competitiveness in the sector. The trend of the globalized market indicates favorable prospects for industries Organic food, for this reason the industries have realized the need to restructure to meet the demand, the food industry has been searching for market differentiation looking to add value to your product and make a profit. As for methodology, exploratory research with 83 managers of companies in the organic agrifood sector, the result was that innovation had a positive influence on the competitiveness of organic products and the theoretical foundation joined the conducted research was conducted showing that companies should focus on innovations to generate competitive advantage.

Capital Market News and Windows of Events for Accessions and Migrations to NDGCs

ID: 49274

Authors: Ricardo Adriano Antonelli, Ademir Clemente, Romualdo Douglas Colauto.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 245-274, January-April, 2018. 30 page(s).

Keyword: Corporate Governance , Janelas de eventos , News , Windows of Events

Document type: Article (Portuguese) Show Abstract

This article aims to analyze the influence of news related to the capital market in determining the window of the event for accessions and migrations to the BM&FBovespa NDGCs. Four steps are followed: determinig the best size of the window for 104 companies; analysing the size of the Windows which are considered outliers; qualitative analysis of the news related to the window of events for outliers, based on Bloomberg®; and application of the Event Studies for the cases considered outliers. The results of the study indicated a tendency of small windows, limited to 5-5 days for about 59.6% of the cases. For the 42 cases considered outliers, i.e, window bigger than 5-5 days, news was found for 61.9%, from which just 6 ones got meaningful dummies in the Event Study. Even though, the applied methodology succeded explaining 68 of the cases in which there was accession, migration or news.

Inflation Dynamics and Monetary Policy in Brazil: A Post-Keynesian Reading Using the Selfregressive Vector (VAR)

ID: 49275

Authors: Larissa Naves de Deus.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 275-304, January-April, 2018. 30 page(s).

Keyword: Inflation , Inflation Target Regime , Post-keynesians

Document type: Article (Portuguese) Show Abstract

Many countries started to use the Inflation Target Regime (RMI) as a monetary policy regime, including Brazil, which adopted it in 1999. However, there are innumerable criticisms of the way this regime operates, besides the analysis of the consequences of its use to the macroeconomic dynamics of the countries. In the context of the RMI, the deviations of the product from its natural level are taken as the cause of the generalized increase of prices, and thus, the interest rate is used as a monetary policy instrument. This work, following a postkeynesian perspective, which criticizes this regime, including considering that inflation is a multi-caused phenomenon, aims to investigate empirically what are the explanatory variables of the causes of brazilian inflation in the post-RMI period, specifically from 2003 to 2016. Thus, it is also intended to discuss whether the monetary policy based on this regime is consistent with the operation of monetary economies. For this, in addition to the bibliographic review as a procedure method, which seeks to present the theoretical differences of the so-called New Macroeconomic Consensus, which gives support to the RMI, and the post-keynesian school, this work uses the econometric methodology of Autoregressive Vectors (VAR), which allows analyzing interrelations between multiple variables, in order to obtain the relevant variables in the explanation of the price dynamics in Brazil in the recent period. The results show that the factors on the supply side of the economy largely explain the brazilian inflationary dynamics in the period analyzed, thus indicating the fragility of using only the interest rate as a monetary policy instrument.

Donors and Potential Donors to Charities: Who Are They?

ID: 49276

Authors: Anna Cecília Chaves Gomes, Bruna Lyra Alves de Almeida, Andreza Raielly Alexandre de Lima, Anannda Rios dos Santos, Jailson Jerônimo dos Santos, Cleison da Silva Nascimento, Alaine Caroline Cruz Freire, Tatiana Losano de Abreu.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 305-324, January-April, 2018. 20 page(s).

Keyword: Donations , Market research , Needy entities

Document type: Article (Portuguese) Show Abstract

The objective of the present study was to identify the profile of civil society actors who contribute and are also potential donors of poor entities in general, with a focus on food donation, in the City of Guarabira, PB. For that, a descriptive exploratory research was conducted, with a quantitative approach. From a sample of 384 interviewees, it was shown that a portion of the population already makes donations and there is a considerable percentage of people interested in accomplishing them as well. Research has shown that the majority of the donating public is men, but women who donate do not donate, as potential donors. Young men and women between the ages of 20 and 29 prefer to donate what they already have and are not open to buying food to donate. Widowed people make up an active group in aid to the needy entities, but do not make their donations in the form of food, followed by the divorced people. People with the low income bracket have shown to be a group of potential donors for interest in donating, while those with higher income brackets have shown greater interest in buying to donate. It was noticed that, in general, the interviewees are interested in carrying out actions that collaborate with non-profit entities in the City of Guarabira, PB, especially in relation to food donation. To do so, it is necessary to turn to social marketing actions, together with donors and potential donors, to better develop strategies to avoid loss and waste of food and optimize the donation process.

Efficiency Assessment of Economic Programs in the Country Contemplated with PROEX and PROAP

ID: 49277

Authors: Alice Maria Falquetto, Milene Takasago, Carlos Rosano Peña, Luiz Medeiros de Araujo Neto, Isabel Cristina Henriques Sales.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 325-356, January-April, 2018. 32 page(s).

Keyword: Capes , DEA , Efficiency , Proap , Proex , Public policy

Document type: Article (Portuguese) Show Abstract

This paper aims to evaluate the productive efficiency of post-graduate programs, more particularly the referred programs in the economics field benefited by public policies from the Program of Academic Excellence (Proex) and Postgraduate Support Program (Proap). A total of 34 academic economics programs were analyzed regarding the evaluation of the Coordination for Improvement of Higher Education Personnel Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (Capes) in the period from 2010 to 2012. The instrument used for the calculation of the efficiency was conceived using the Data Envelopment Analysis (DEA) method in three stages, denominated network DEA, with Constant Returns to Scale (CRS), product oriented, this model was originally introduced by Charnes, Cooper and Rhodes (1978). In the first stage, five programs achieved efficiency in registrations in relation to the number of teachers and funding received from Capes. Regarding the graduation rates and participation in events, variables of the second stage, five programs were also successful. In the third stage, which analyzed the efficiency of publications in articles and chapters of books measured by Capes weights, seven programs achieved expected efficiency. Of the efficient programs, which simultaneously offer master’s and doctoral courses, four are in the first stage; four in the second stage; and three of them in the last stage. The others only offer the masters level. It is noted that, according to the inputs and outputs adopted, all the efficient programs in the three stages analyzed belong to Proap. It is worth mentioning that the DEA model is a deterministic method and, in this way, the performance evaluation of the programs becomes more objective.

The Small Firms’ Capital Structure in Portugal: An Approach to the Trade-Off and Peckingorder Theories

ID: 49278

Authors: Cláudio Eduardo Ramos Camfield, Guilhermina Maria da Silva Freitas, Marco Rafael Fernandes Correia, Zélia Serrasqueiro.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 17, n. 1, p. 357-380, January-April, 2018. 24 page(s).

Keyword: Debt , Pecking-order theory , Portugal , Trade-off theory

Document type: Article (Portuguese) Show Abstract

The present study analyzes the explanatory factors of the capital structure decisions of the Portuguese Small Companies (PEs), given that the capital structure of these companies has a relevant interest in the general economic-social level. This paper focuses on the Peckingorder (POT) theory and the Trade-off theory, considering them mutually explanatory and complementary, to evaluate the role of a set of factors divided into three levels: the internal to the company, market and the tax system. Based on a sample of 2.329 portuguese PEs, data were submitted to a multivariate regression. The results obtained show that profitability, liquidity and age have a significant impact on indebtedness, evidencing the importance of the principles of the pecking-order theory for the capital structure decisions of smaller portuguese firms. The positive relationship between the firm’s variable size and indebtedness supports the importance of Trade-off theory in the context of the capital structure decisions of the companies analyzed.