Editorial

ID: 35499

Authors: Sandra Rolim Ensslin.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 0-0, September-December, 2014. 1 page(s).

Document type: Editorial (Portuguese)

Dividends and discretionary accruals: a study on the relationship between the dividend distribution policy and the earnings quality

ID: 35500

Authors: William Brasil Rodrigues Sobrinho, Herbert Simões Rodrigues, Alfredo Sarlo Neto.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 3-24, September-December, 2014. 22 page(s).

Keyword: Discretionary accruals , Dividends , Earnings quality

Document type: Article (Portuguese) Show Abstract

From a theoretical point of view organizations that choose to distribute dividends, have better earnings quality, represented by a lower level of earnings management (TONG; MIAO, 2011). Given that this relationship was studied in more developed markets, the aim of this study was to test this theory in companies listed on the BM & FBovespa. The results do not confirm the relationship between the choice of companies to pay dividends and a lower level of earnings management. This controversial relationship is persistent even when examining companies that pay dividends more frequently. When examined the dividend payment levels, we found that the companies in the sample, with higher levels of payout, unexpectedly are associated with higher earnings management levels.

Analysis of the degree of evidence of transactions with derivatives financial instruments by Brazilian companies listed on the Ibovespa

ID: 35501

Authors: Marcelo Augusto Ambrozini.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 25-42, September-December, 2014. 18 page(s).

Keyword: Derivative financial instruments , International accounting standards , Level of evidence

Document type: Article (Portuguese) Show Abstract

Evidence of derivatives transactions has become increasingly complex due to the peculiarities of these types of financial instruments and the highly volatile environment of financial markets. The aim of this study is to assess the degree of compliance with the guidelines of evidence of derivative financial instruments issued by the CPC 40 (R1) by several Brazilian public companies with shares traded on the Bolsa de Valores de Sao Paulo. Through a content analysis desk study were listed points for checking in accounting reports finished on 12/31/2013, 45 Brazilian public companies that operated with derivatives. In relation to recent studies related to this issue, the evidence presented in this study indicate that the degree of evidence of financial derivative instruments in the Annual accounts of Brazilian companies showed considerable improvement after the introduction of IFRS standards.

Relationship between investment in intangibles and total factor productivity: a study of the brazilian industrial sector

ID: 35502

Authors: Janderson Martins Vaz, Gideon Carvalho de Benedicto, Francisval de Melo Carvalho, Fabrício Molica de Mendonça.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 43-64, September-December, 2014. 22 page(s).

Keyword: Granger causality , Industrial production , Intangibility , TFP

Document type: Article (Portuguese) Show Abstract

The present study aimed to investigate the intangibility and total factor productivity (TFP) and verify causality relationship between these two variables in the Brazilian industrial sector. To that end, the variables were analyzed using the Granger causality test. The results of Granger causality tests showed that two of the twelve sectors analyzed showed causality of GI in the sense of Granger for TFP. On the other hand, two sectors showed causality of TFP in the sense of Granger for GI. These results concluded that the intangibility of the Brazilian industrial sector, despite having growth, has not yet reached the levels of intangibility of the companies belonging to the most developed countries.

Discretionary accruals in business combinations and the stock price

ID: 35503

Authors: Leandro Augusto Toigo, Tânia Cristina Chiarello, Roberto Carlos Klann.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 65-84, September-December, 2014. 20 page(s).

Keyword: Business Combinations , Company performance , Earnings management

Document type: Article (Portuguese) Show Abstract

This study aimed to evaluate the relationship of discretionary accruals in pre- and post-business combination periods in Brazil with the company's performance in the stock market in the same period. We used Kang and Silvaramakrishnan model (1995) and were calculated the averages of accruals in the pre- and post-business combination of the companies that have gone through the process of business combination with exchange of shares for the period 2011 and 2012. The results indicate that during business pre-combination periods there was a negative income management higher than that observed in subsequent periods. It was also checked that there is no statistically significant association between discretionary accruals, earnings per share and book-to-market from the pre-combination period with earnings per share of subsequent quarters to the business combination. We conclude that in the group of companies analyzed have not suffered the influence of discretionary accruals on the market performance of the acquiring companies.

Compliance in the recognition of intangible assets: a study from the perspective of institutional theory

ID: 35504

Authors: Bianca Bigolin Liszbinski, Clóvis Antônio Kronbauer, Clea Beatriz Macagnan, Tiago Zardin Patias.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 85-106, September-December, 2014. 22 page(s).

Keyword: Institutional theory , Intangible assets , Recognition

Document type: Article (Portuguese) Show Abstract

This study aimed to analyze the compliance of a group of brazilian companies to the required standards for the accounting recognition of intangible assets, from the point of view of institutional theory. This is the descriptive study of qualitative and quantitative evidence that basically involved the consultation in annual accounts of a sample of companies classified in the BM&FBOVESPA Bovespa Index of a temporary space that includes exercises characterized by changes that occurred in the institutional matrix related to intangibles. The data analysis consisted in verifying adherence of companies to this new context and in the process of institutionalization of the matrix required for the recognition of intangible assets. The observed evidences reveal a gradual convergence of the studied sample to the new institutional matrix related to intangibles, besides checking the possible use of the assumptions of institutional theory to explain the change in the accounting procedures applied to the recognition of these elements.

Tax reduction on industrialized products and its effect on car sales in Brazil: an analysis of the period 2006 to 2013

ID: 35505

Authors: Marcelo Driemeyer Wilbert, Andre Luiz Marques Serrano, Rodrigo de Souza Gonçalves, Laís Sienna Alves.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 107-124, September-December, 2014. 18 page(s).

Keyword: Car sales , Fiscal waiver , Tax on industrialized products , TIP

Document type: Article (Portuguese) Show Abstract

In the period between 2006 and 2013 the tax rate on industrialized products for cars was reduced in two stages, with the aim of increasing their demand and stimulate the economy. Thus, the aim of this paper is to verify whether the reduction in the rate of tax on industrialized products caused alterations in auto sales. Through regression analysis, was tested the influence of the reduction in of tax on industrialized products on the cars sale. The results showed that it is not possible to state that the reduction in tax on industrialized products rate was able to change the behavior of car sales. As additional results, can be seen in the period the expansion of credit to the natural person, even in a situation of worker’s real income declining. Another observation was that the price of the economy car had an increase below inflation, indicating a change in relative prices.

Analysis of the relationship of gross domestic product of municipalities of Santa Catarina state with added value statement

ID: 35506

Authors: Larissa Degenhart, Mara Vogt, Nelson Hein.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 125-142, September-December, 2014. 18 page(s).

Keyword: Added Value Statements , Gross Domestic Product , Santa Catarina

Document type: Article (Portuguese) Show Abstract

This study aims to analyze the relationship of Gross Domestic Product (GDP) of municipalities in the state of Santa Catarina with Added Value Statements (AVS) of Agribusiness Industry, Services and Administration. The results show that there was a strong relationship between GDP and all AVS analyzed since all were reported as significant. It was also found that the AVS of the Administration, when analyzed as a whole was the one which presented less correlation with GDP and in the individual analysis, the AVS Agribusiness was the one with less relation to GDP. Moreover, both variables are the ones showing lower value, when added all the values of each AVS, from all the municipalities and compared to other analyzed AVS. We conclude that the AVS is a strong ally for the formation of GDP, it diagnoses the situation of municipalities and shows how these are collaborating to reach the value of GDP.

Corruption risks and connected infractions: the case of portuguese public polytechnic institutes

ID: 35507

Authors: Carla Isabel Dias Cabrita Cardoso, Sandra Cristina Dias Nunes, Maria Teresa Venâncio Dores Alves.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 24, p. 143-169, September-December, 2014. 27 page(s).

Keyword: Corruption risks , Disclosure , PGRCIC , Public sector

Document type: Article (Portuguese) Show Abstract

In the public sector, as in any other sector, risk management became a necessity. It is an activity whose exercise contributes to a better performance of public service delivery. Higher polytechnic education is recognized as one of the pillars of the public service. The present study main objective is to check the level of information risk disclosure showed by the Portuguese public Polytechnic Institutes. In order to achieve that, we have followed both the qualitative and the quantitative methods of research. Through various statistical tests, the study tries to find possible relationships between the number of risks / processes and the number of schools and courses, population and money supply. The results show the existence of different levels of information risk disclosure among the Portuguese public Polytechnic Institutes, and no statistically significant relationship between the number of risks and the size of the Institute.