Editorial

ID: 38309

Authors: José Ribamar Marques de Carvalho.

Source: Reunir: Revista de Administração, Contabilidade e Sustentabilidade, v. 2, n. 3, p. 1-1, July-September, 2012. 1 page(s).

Document type: Editorial (Portuguese)

What moves stock prices? An approach on the influence of news on stock market

ID: 38255

Authors: César Augusto Tibúrcio Silva, Claudilene Chaves de Carvalho, Danielle Montenegro Salomé Nunes.

Source: Reunir: Revista de Administração, Contabilidade e Sustentabilidade, v. 2, n. 3, p. 1-13, July-September, 2012. 13 page(s).

Keyword: Behavioral Finance , News , Stock Market

Document type: Article (Portuguese) Show Abstract

This research analyzed the trading days of the Bolsa de Valores de São Paulo (stock exchange of São Paulo), between 1990 to 2011, and selected the highest ups and downs. The inspiration of the project was the work of Cutler et al. (1989). Verifying the behavior of stock prices, we searched the cause of this variation. Despite the small variation of the average daily stock index on the period analyzed (mean daily variation of 0.29%), it can be noticed that in some trading days the stock market is highly volatile, with significant variations in asset prices. The KS test for series showed that the data cannot be approximated to a normal curve because of the fat tails. The empirical analysis shows that the highest decrease in the Brazilian stock market are associated with the Collor Plan, the president impeachment political crisis, the Real plan, the currency crisis and the subprime crisis. The largest increases occurred with the Collor Plan, the inauguration of President Itamar, the Real plan, the currency crisis and subprime. It was noticed that there is a temporal coincidence in times of high and further drops in the stock market. Another important aspect is that in the early years of the sample it was observed the preponderance of internal factors, in recent years, external factors stand out, due to the increase of the foreign investment in Bovespa.

The services price formation in the third sector: a case study in paraiba state

ID: 38256

Authors: Orleans Silva Martins, Valdério Freire de Moraes Júnior.

Source: Reunir: Revista de Administração, Contabilidade e Sustentabilidade, v. 2, n. 3, p. 14-32, July-September, 2012. 19 page(s).

Keyword: Price formation , Services , Third Sector

Document type: Article (Portuguese) Show Abstract

This study aimed to analyze the method adopted for the training of the sales prices of the services of a nonprofit organization established in the state of Paraiba. For this, we performed a literature review of third sector entities, the process of price formation, with emphasis on methods applicable to the price of services, besides the characteristics that these services may have. Accordingly, we made a case study in an exploratory nonprofit organization of the State of Paraíba, based on the procedures of the research literature and documents, relying on the inductive method. For data collection, as well as documentary research, an interview was conducted with the manager of the organization. In their results, note that the pricing of services of the organization ends up being driven by the market, considering that, by classifying the determinants of price, factors belonging to the market had higher grade point average among the total of factors.

Environmental information disclosure in companies in the public utility segment listed in BM&FBOVESPA: a study on the evolution in the disclosure of such information

ID: 38257

Authors: Felipe Augusto Pessoa de Belmont Fonseca, Karla Katiuscia Nóbrega de Almeida, Robério Dantas de França.

Source: Reunir: Revista de Administração, Contabilidade e Sustentabilidade, v. 2, n. 3, p. 51-68, July-September, 2012. 18 page(s).

Keyword: Disclosure , Environmental Information , Social Balance

Document type: Article (Portuguese) Show Abstract

From the perspective of corporate disclosure of financial information relating to the environment, the Conselho Federal de Contabilidade contributes to edit the Norma Brasileira de Contabilidade Técnica NBC T - 15, which deals with information social and environmental nature. Thus, this paper analyzes the grip of environmental information disclosed in the Social Balance of public utility companies, whose listed requirements are on the BM&FBOVESPA NBC T 15 under the years 2008 to 2010. This attempt came from the reading of previous studies on the subject, emphasizing the study by Cavalcanti et al. (2009). For this purpose, we used survey and archival research, descriptive, with a predominance of the quantitative on the approach of the problem. We analyzed the Social Balance of 37, 39 and 37 companies respectively in the years 2008, 2009 and 2010, inside a universe of 62. It was observed that the majority of organizations surveyed preferred to disclose their balance sheets through the Social management report. In regards to the adherence to NBC T 15, it was found that the average grade was 28%. This result shows itself below the one identified in the study of Cavalcanti et al (2009) in which there was a percentage of 32%. There is, therefore, a decrease in the level of disclosure of environmental information in accordance with IAS 15, between 2007 and 2010 in the context of public utilities, which may contribute to the non-promotion of fair financial disclosure, that is adequate and complete.

Journal of Accounting Master of Science in Accounting UERJ: an analysis of eight years of publication (2003 to 2011)

ID: 38258

Authors: Fábia Jaiany Viana de Souza, Mauricio Corrêa da Silva, Aneide Oliveira Araujo, José Dionísio Gomes da Silva.

Source: Reunir: Revista de Administração, Contabilidade e Sustentabilidade, v. 2, n. 3, p. 69-85, July-September, 2012. 17 page(s).

Keyword: Bibliometric Study , Journal of Accounting Master of Science in Accounting UERJ , Scientific Production

Document type: Article (Portuguese) Show Abstract

The bibliometrics is defined as a statistical tool that lets you map and generate different indicators of treatment and management of information and knowledge. This research aims at analyzing the characteristics of articles published in Journal of Accounting Master of Science in Accounting UERJ in the period 2003 to 2011. We used descriptive research, literature and qualitative. The results revealed that 115 articles were published in the analyzed period and that there was a predominance of authors doctors male teachers. Moreover, it was observed that the UERJ and UFSC were institutions that had the largest number of authors of articles published and the author with the largest number of publications in the journal is Vincent M. Ripoll Feliu. We noted also that there is a predominance of qualitative articles with Brazilian references and that the main themes of the articles were: Management Accounting and Financial Accounting.