Editorial V. 18, N. 3, 2019

ID: 55711

Authors: Cláudia Sofia Frias Pinto.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 389-391, September-December, 2019. 3 page(s).

Document type: Editorial (Portuguese)

Compensate or Monitor Executives?

ID: 55712

Authors: Alberto Granzotto, Igor Bernardi Sonza.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 393-418, September-December, 2019. 26 page(s).

Keyword: Agency’s Theory , Compensation , Monitoring

Document type: Article (Portuguese) Show Abstract

The literature predicts two main ways to mitigate agency conflicts arising from the separation of control and ownership, but does not indicate which would be most appropriate. Thus, the present study sought to identify the efficiency of corporate governance mechanisms, when it comes to executive compensation (explicit and implicit incentives) and monitoring (board of directors, in resolving agency conflicts between the chief executives and shareholders of Brazilian publicly traded companies. Methodologically, dynamic multiple linear regression models, estimated by the Systemic Generalized Moments Method (GMM-Sys), were applied to an unbalanced data panel for 42 companies, from 1999 to 2016. It was identified that monitoring is the most appropriate method efficient to mitigate agency issues, in which directors are active agents in the process of verifying executive actions, positively affecting performance. This study puts to the test the prerogative that the board of directors is “figurative” in Brazil, performing significantly in monitoring.

Sustainable Practices Related to 'Green Logistic': Multicase Study in Cosmetics Companies

ID: 55713

Authors: Mariliza Rech, Débora Gomes de Gomes, Valmor Reckziegel, Marcos Antonio de Souza.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 419-446, September-December, 2019. 28 page(s).

Keyword: Cosmetics , Green Logistic , Sustainability

Document type: Article (Portuguese) Show Abstract

This study approaches the themes of sustainability and Green Logistic, with the objective of analyzing which sustainability practices, focused on Green Logistic, are evidenced by the three largest cosmetic companies operating in Brazil. To do this, a basic, multivariate, descriptive and documentary study was carried out, with a qualitative approach, through analysis of the content of the management and sustainability reports for the 2014 to 2018 fiscal years of Avon, o Boticário and Natura. The results of the research demonstrated that the three companies analyzed show sustainability practices focused on Green Logistic, especially in relation to the redefinition of processes, of the entire production chain and of distribution; the reduction of greenhouse gases; the use of other modes of transport; partnerships with carriers, the supply chain, logistics operators and third parties; reduction and optimization of product distribution; reverse logistic; and reduction of carbon footprints.

Association between the Level of Disclosure of Intangible Assets and the Economic-Financial Performance of Brazilian Soccer Clubs

ID: 55714

Authors: Juliane Pacheco, Maíra Melo de Souza.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 447-474, September-December, 2019. 28 page(s).

Keyword: Accounting disclosure , Intangible assets , Soccer team

Document type: Article (Portuguese) Show Abstract

The objective of this research is to verify the association between the level of disclosure of intangible assets and the financial economic performance of Brazilian soccer clubs. The research sample is the clubs that participated in the Brazilian Championship in the A and B Series of 2017, the years 2013 to 2016 were analyzed. To measure the level of disclosure, the standard in force was used, ITG 2003 R1, and to measure financial economic performance, six variables: net revenue, net income, net equity, intangible assets, total assets and intangibility. In addition, the audit variable was also analyzed. In relation to the results of the research, only the net result and the intangible asset are positively associated with the level of disclosure. It was also concluded that the clubs are partially transparent, because just over half of the sample has an above-average level of disclosure (about 60%), which suggests that in the analyzed clubs it is necessary to be more comprehensive in the disclosure of information to suit completely the accounting standard.

Trajectories of Technological Capabilities Accumulation: The Case of Dairy Industry in the Southwest of Paraná State

ID: 55715

Authors: Janaina Piana, Elizângela Mara Carvalheiro.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 475-502, September-December, 2019. 28 page(s).

Keyword: Dairy industry , Learning processes , Technological capabilities

Document type: Article (Portuguese) Show Abstract

The study analyzes as trajectories of technology accumulation and learning processes of the dairy industry of the Southwest region of Paraná State. Considering the importance that this activity has for the economy of Paraná—the Paraná represents 12.9% of national production— there has been a growing interest in understanding the innovative and technological potential of this industry, however very little has been investigated, especially in the southwest of Paraná state. This research used a qualitative approach and a design based on primary evidence collected mainly through interviews in four companies. The study find that one dairy firm developed a trajectory of accumulation of technological capabilities that resulted in intermediate technological capability of innovation; and, three dairies firms remained stagnated in basic production technological capabilities, two of them for more than 30 years. In these three cases the learning mechanisms were based only in training and technical assistance. In addition, it is considered that dairy products, regardless of the trajectory of the firms, are focused on the production of Mozzarella cheese with scarce of product diversification. It is suggested urgency in support in local innovation policies be encouraged to stimulate the innovation process, especially in products.

Adoption of 'Strategic Management' by an Oil Derivatives Distributor Company

ID: 55716

Authors: Luciano Maldonado Felipe, Claudio Antonio Rojo.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 503-520, September-December, 2019. 18 page(s).

Keyword: Management professionalization , Organizational intervention , Performance evaluation , Strategic management

Document type: Article (Portuguese) Show Abstract

Organizational continuity is only possible through the adoption of appropriate management tools and techniques that can respond quickly to changing and changing market needs. For this reason, with the objective of exploring the characteristics of the management of an oil products distribution company with a view to adopting a “strategic management”, under the technical-scientific reporting method. During the study, it was found that the management carried out by some of the founding partners does not have tools and techniques that allow successors or other employees to act without their participation and innovate in the face of market changes. Given the findings, two interventions were proposed: the adoption of an organizational performance model using various management indicators, and the use of the Canvas tool, which allows describing, analyzing and designing business models related or not to any one type of strategy or management already done, both applied giving the company a “strategy management”.

The Legitimacy of the Corporate Sustainability Index (CSI) in Relation Other Indexes B3

ID: 55717

Authors: Roberto Francisco de Souza, Adhmir Renan Voltolini Gomes, Samuel Lyncon Leandro de Lima, Gracielly Vieira dos Santos, Delci Grapegia Dal Vesco.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 521-542, September-December, 2019. 22 page(s).

Keyword: ISE , Organizational performance , Sustainability , Theory of legitimacy

Document type: Article (Portuguese) Show Abstract

The paper analyzes the relationship and influence of the various indexes of Brasil, Bolsa, Balcão (B3) on the Corporate Sustainability Index (ISE). The sample was selected through series and daily variations of each index between 1/2/2012 to 29/12/2016, with 22,284 observations in total. To analyze the return of the indices, the daily variations of each one in that period were delimited. The results showed that the relationship between the ISE and the other indices is strong, positive and statistically significant. Therefore, these results indicate that companies that seek to legitimize themselves by participating in this Index, that is, seek to incorporate more and more isomorphic structures that reflect the institutional environment. And so, the adoption of ISE may just be another label. Thus, the legitimacy of this Index is questioned, because if there is a relationship with all indicators, it is enough for companies to suppress the index rules that are relevant to their interests. The main positive influences on the Corporate Sustainability Index were established by the IGCT, IVBX, ICO2, IGCX and UTIL indices. The IFNC, IMOB, ICON and IBOV indices negatively influence the ISE. Thus, the legitimacy provided by the ISE can be linked to the composition of the other indices.

Decision-Making Rights and Contribution in IT Strategies: Study in a Large Company in the State of RS

ID: 55718

Authors: Karen Hackbart Souza Fontana, Geruza Rodrigues Thiel, Adolfo Alberto Vanti, Pedro Solana González.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 543-564, September-December, 2019. 22 page(s).

Keyword: Decision-making rights and contribution , IT Governance , IT Strategies

Document type: Article (Portuguese) Show Abstract

This article aimed to analyze, through the array of governance arrangements and political archetypes covered by Weill and Ross (2006), the participation of managers in decisionmaking rights and contribution strategies in a large company in the Rio Grande do Sul State. This is a descriptive study, qualitative, delineated by means of a case study. The results showed that most of the key decisions related to governance are taken by Duopoly. The Duopoly consists of strategic decisions you through IT executives together to any other group company, for example, CxO or leaders of business units. In relation to the contribution to the decisionmaking process, the archetype is the Monarchy of you, namely, the exclusive participation of individuals linked to IT. Note this shape, the strong involvement of professionals in the decision-making process of the company. This partnership between senior administrators and IT leaders in the decision-making process can help the alignment between IT and business strategies and provide realistic expectations for IT.

Competition Structure and Price Strategy in the Brazilian Aviation Market

ID: 55719

Authors: Thiago Cavalcante de Souza, Sarah Farias de Andrade, Aniram Lins Cavalcante.

Source: RACE: Revista de Administração, Contabilidade e Economia, v. 18, n. 3, p. 565-588, September-December, 2019. 24 page(s).

Keyword: Airports , Aviation , Concentration , Prices , Transportation

Document type: Article (Portuguese) Show Abstract

This paper analyzes the competition pattern, prices and market structure of the Brazilian civil aviation market, taking as reference a supply and demand of seats on the domestic road. The concentration indicators CRN (4...8) and the Herfindahl-Hirschman Index (HHI) are used as methodological procedures. The Averag Movente Integrated Autoregressive Model was adopted to perform a seasonal analysis of the tariff prices. The results show that a small group of airlines, signaling an oligopoly market. In view of the oligopolistic structure, it was observed that the firms’ competition strategies are associated with the expansion of the supply and passenger capacity, often evidenced by the concentration of the air network and increases in the central airport lanes. The analysis of seasonality showed a greater effect on the series of tariffs for the months of July and March. An analysis of the intervention carried out pointed out the month of July 2010 as a significant point, when ANAC’s quality control Resolution comes into effect, suggesting that government regulation exerts influence on the adaptive strategies of firms.