Editorial V. 18, N. 1, 2019

ID: 53396

Authors: Juliano Danilo Spuldaro.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 5-8, January-April, 2019. 4 page(s).

Document type: Editorial (Portuguese)

Book-Tax Conformity and Earnings Management in Brazil

ID: 53397

Authors: Antonio Lopo Martinez, Lennilton Viana Leal.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 9-30, January-April, 2019. 22 page(s).

Keyword: Book-Tax conformity , Discretionary accruals , Earnings management

Document type: Article (Portuguese) Show Abstract

This study aimed to examine whether higher Book-Tax conformity restricts earnings management in public companies, non-financial corporations, listed in B3 in the period from 2010 to 2016. Book-Tax conformity measures the degree of compliance of the corporate accounting and those of tax accounting. Methodologically, three regression models were used, in which the first two models aim to provide, respectively, the degree of Book-Tax conformity and discretionary accruals, which will be used in the third model, which is the main focus of analysis, which investigates the association between Book-Tax conformity and earnings management. The results showed that the lower the Book-Tax conformity, the higher the propensity to manage results. Also, it was identified that smaller companies with lower profitability tend to manage their accounting results more. The findings indicate that accounting practices that reduce the conformity of corporate accounting rules with those of tax accounting encourage increased earnings management. On the other hand, in those companies with higher book-tax compliance, there is a lower propensity to manage accounting results. The degree of Book-Tax conformity becomes, therefore, a determinant element to understand the economic incentives to earnings management in Brazil. Given the above conclusions, this research is of significant interest to regulators, professionals, and users of accounting, who can identify possible effects on the quality of accounting information from lower Book-Tax conformity.

Knowledge of the Managers of 299 Small Companies in the South of Santa Catarina on Concepts of Financial Management

ID: 53398

Authors: Silvete Moterle, Rodney Wernke, Ivone Junges.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 31-56, January-April, 2019. 26 page(s).

Keyword: Finance , Knowledge of managers , Small business

Document type: Article (Portuguese) Show Abstract

Some studies report that the managers of small companies have difficulties to use management tools of the financial area, which can be influenced by the level of knowledge of the related concepts. In this sense, the objective of this study was to identify the level of knowledge about certain financial concepts by micro and small business managers of a micro-region in the South of Santa Catarina. The research is characterized as descriptive, with quantitative approach and use of the survey procedure to collect the data of 299 small firms. After a brief review of the literature and evidence from previous studies, data were collected about the level of knowledge about the concepts covered. The results show that at least 55% of managers have knowledge about the researched concepts, but this contingent did not exceed 75% in any of the investigated items. It was pointed out that the lower level of managerial knowledge refers to the concept of current liquidity. On the other hand, the concepts most known to managers are linked to financial accounting (Current Assets, Current Liabilities and Statement of Income). Another finding is that managers of industrial companies have a higher level of knowledge regarding the items surveyed when compared to the leaders of commercial and service firms.

Sibling Relationships: Impact of Rivalry in Management

ID: 53399

Authors: Mara Vogt, Juçara Haveroth, Vinícius Costa da Silva Zonatto.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 57-86, January-April, 2019. 30 page(s).

Keyword: Brothers , Family business , Management , Rivalries , Spouses

Document type: Article (Portuguese) Show Abstract

The study aims to describe the impacts caused by sibling rivalry in family business management. A descriptive exploratory study was carried out, through a case study and a qualitative approach of the data. The results revealed that the rivalry was already present in the family business analyzed since its succession process, due to the difference of the quotas referring to the society and with the passage of time, began to appear in the company the rivalry between the brothers and all the other members. As a result, questions about management, mistrust, the involvement of external and internal factors began to influence. Another determining factor for the increase in rivalry was the presence of wives in the management of the family business. It is concluded that rivalry has a negative impact on the results of family organizations, especially in cases involving other family members in the business and who can not separate the triad (business, family and property). Management is also influenced by the lack of emotional intelligence of the members, causing the organization to suffer and present problems, including dissolution.

Foot on Brake or Accelerator? An Empirical Analysis of the Effects Of Corruption on Entrepreneurship

ID: 53400

Authors: Bruna Teixeira Baungarte, Vivian dos Santos Queiroz Orellana, Rodrigo Nobre Fernandez, Gabrielito Menezes.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 87-112, January-April, 2019. 26 page(s).

Keyword: Corruption , Entrepreneurship , Panel data

Document type: Article (Portuguese) Show Abstract

Entrepreneurship is one of the factors that contributes to economic growth and corruption is a global economic phenomenon, which might generate obstacles to the development of entrepreneurial activity. This work aims to verify if corruption is an obstacle or an accelerator of entrepreneurship. To achieve this goal, panel data estimators with a fixed effect were used for a sample of 49 countries in the period from 2010 to 2014. Based on the estimates, it was verified that corruption affects the consolidated entrepreneurship and this effect is consistent only for developing countries, which meets to “grease the wheels” hypothesis.

Effect of Master Sponsorship 'Recall' on the Factors of Consumption of Goods and Services of a Football Club

ID: 53401

Authors: Thiago Bruno Jesus Silva, Luís Antonio Lay, Cristian Baú Dal Magro, Denise Isabel Rizzi, Rafael Ferla.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 113-136, January-April, 2019. 24 page(s).

Keyword: Consumption factors , Fans , Recall of sponsorship , Sports products/services

Document type: Article (Portuguese) Show Abstract

The love of football is a feeling rooted in the Brazilian people. This feeling/charisma for the sport is reflected in the assiduous acquisition of products linked to sports clubs. In this way, the objective of this investigation was to identify the relation of the Master sponsorship recall in the explanatory factors for the consumption of goods and services of the Esporte Clube Vitória. The survey sample consisted of 746 respondents. Data collection took place between the months of December 2017 and July 2018 by the Google Docs platform. Data analysis was performed using descriptive statistics and binary logistic regression analysis. It is concluded that the Master sponsorship recall is made more effective by the stimulus, as occurred in the recall of the company OAS and Caixa Econômica Federal, both of which may have had a moderating effect, from the involvement in the consumption of products and services, as a function of Bahian championship titles. These findings help to determine the characteristics that explain the consumption habits of the fans, as well as the effect that the Master sponsorship recall has on the relation between the explanatory factors and the consumption habits of the fans for the products offered by the soccer clubs.

'Big Bath Accounting and Turnover' of Executives at Companies Listed on the B3

ID: 53402

Authors: Viviane Theiss, Henrique Portulhak, Marcos Roberto Kühl, Romualdo Douglas Colauto.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 137-156, January-April, 2019. 20 page(s).

Keyword: Big Bath Accounting , Executives turnover , Income management

Document type: Article (Portuguese) Show Abstract

An executive’s turnover can become a plausible justification for a greater use of discretionary accumulations in a given period, with consequent evidence of a supposed greater loss to the company, with the intention to informing the market, in later periods, of apparent improvements in the results of the organization, which configures the use of discretionary accumulations through the mode of income management called Big Bath Accounting (BBA). In this context, the objective of the study was to identify the extent to which the change of executives in companies listed on B3 is associated with income management. A total of 1,407 observations were made from 254 companies from 2009 to 2014, using Dechow, Hutton, Kim, and Sloan (2012) model for detection income management, information available by the Bloomberg® database to identify the turnover events, using the size (natural logarithm of the Asset) as control variable. The sample has a concentration of executives over 50 years of age, with a high turnover in this position, with preference for the appointment of internal persons to the role of CEO and greater representation of turnover in the year 2013.The tests carried out didn’t find any evidence that BBA changes due to the variation of discretionary accruals in the period. Likewise, there was an unconfirmed existence of differences between the hiring of insiders and outsiders executives for the use of more discretionary spending. Despite the lack of statistical evidence, the study helps to understand the BBA concepts and encourages the breaking of paradigms, through empirical evidence of executive turnover, regarding this mode of results management.

Exploratory Analysis of Performance Indicators

ID: 53403

Authors: Alini da Silva, Sheila Patrícia Ramos, Adriana Kroenke, Nelson Hein.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 157-176, January-April, 2019. 20 page(s).

Keyword: Actuation sectors , Economic performance , Financial performance , Market performance

Document type: Article (Portuguese) Show Abstract

The present study aimed to verify the grouping of performance indicators in three dimensions, such as: economic performance, financial performance and market performance, through exploratory factor analysis. For that, a descriptive, documental and quantitative methodology was used. The study sample corresponded to 101 companies listed on the Brazil, Bolsa e Balcão – B3, from 2010 to 2016. Data analysis was performed using an exploratory factorial analysis. The results showed that the financial performance indicators (current liquidity, dry liquidity, immediate liquidity and general liquidity) were grouped in a single factor according to the literature, the other groups of economic and market performance, did not have the association of indicators as stipulated in the literature. It was also observed that, as there is variation in the sectors of activity, there is variation in the importance of economic, financial and market indicators.

Analysis among Local Government Expenditure and the Economic Growth of Port Cities

ID: 53404

Authors: Cristiane Aparecida da Silva, Barbara Gonçalves Amaral, Marcielle Anzilago, Rogério João Lunkes.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 1, p. 177-200, January-April, 2019. 24 page(s).

Keyword: Economic growth , Local Government , Port cities , Ports , Public expenditures

Document type: Article (Portuguese) Show Abstract

The study investigated the relationship between the variables that make up public spending and the economic growth of Brazilian port cities. The research strategy used to meet the established objective was analysis of secondary data. Regarding the problem approach, this was quantitative, in which the research sample was intentional and not probabilistic, comprising 32 brazilian port cities. The time dimension applied to the research was in a transversal cut, comprising the per capita Public Expenses of 2013 and the per capita GDP of 2015. In order to analyze the regression, Gretl statistical software was used, and from the evaluated aspects, it was verified health and investment expenditures are directly related to the per capita GDP of the port cities. Thus, it can be concluded that the costs observed in the study influenced the economic growth, analyzed by the GDP per capita variable of the port cities listed for the present study. Finally, in observing the results of the analyzed model, it was concluded that public spending has a high explanatory power, since 76.8% of the GDP per capita of the port cities is explained by public expenditure.