The Small World of Management Accounting Research in Brazil: A Discussion about Alternative Research Designs

ID: 53020

Authors: Andson Braga de Aguiar.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-16, January-December, 2018. 16 page(s).

Document type: Article (Portuguese)

The Teaching of the Classical Linear Regression Model Using Monte Carlo Simulation

ID: 52143

Authors: Marcelo Sanches Pagliarussi.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-23, January-December, 2018. 23 page(s).

Keyword: Classical linear regression model , Least square estimators , Monte Carlo simulation , Sampling distribution

Document type: Article (Portuguese) Show Abstract

This work presents a series of Monte Carlo studies using spreadsheet software aimed at facilitating the understanding of the concept of sampling distributions when students are learning the classical linear regression model. Starting from two basic spreadsheets, one for simple regression and the other for multiple regression, other spreadsheets can be easily built by introducing minor alterations in the data-generating process. The modifications that can be introduced include variations in sample size, and several characteristics of the error term, such as its variance, expected value and probability function. Different degrees of correlation between regressors can also be included. A teacher of basic econometrics can use the set of spreadsheets to obtain graphics and tables that enable the visualization of the performance of ordinary least squares estimators in different situations. Thus, students can understand in practice how violations in the underlying hypotheses of the classical linear regression model affect the performance of least square estimators, as well as the tests of hypotheses that usually accompanying the process of regression analysis. The violations analyzed in the present work include heteroscedasticity, omission of relevant variables, nonnormal errors and multicollinearity.

Teaching Case: The Process of Methodological Choices in a Quantitative Approach

ID: 52142

Authors: Jeferson Lana, Raul Beal Partyka, Anete Alberton, Rosilene Marcon.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-11, January-December, 2018. 11 page(s).

Keyword: Methodological choices , Research Methods , Techniques of analysis

Document type: Teaching Case (Portuguese) Show Abstract

This teaching case focus on the process to mature a research problem in a master in Administration and Accounting, considering in a quantitative approach in a positivist paradigm. The case embrace typical dialogues and narratives between a master's student and his supervisor and other professors, to expose the points of tension and choices that emerge in the first year of a typical master's degree. This case allows students to explore a typical interaction in the master's degree and to reflect on the sequence of choices for ordinate the specific statistical techniques. We suggest this teaching case for disciplines such as research methodology, quantitative methods, dissertation seminars in the master's degree, and for undergraduate researches.

The Approval of Municipal Accounts with Very Serious Irregularities: When Techincal Audit is not Suficient

ID: 52141

Authors: Patricia Adriana Azambuja, Aridelmo Teixeira, Silvania Neris Nossa.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-13, January-December, 2018. 13 page(s).

Keyword: Audit , External control , Political influence , Public Sector Accounting

Document type: Article (Portuguese) Show Abstract

The study analyzes the dynamics of the votes of rapporteurs and counselous at the collegiate decision of the Regional Court of Accounts of Mato Grosso. Eventual irregularities are identifyed by the audit report, which then is analyzed by the Public Prosecutor's Office and assigned to one of the counselors acting as rapporteur, and finally to be voted by the collegiate. It was identified a reversion in the auditors’ appointments, reducing the propensity to reprove accounts with severe irregularities. The rapporteur vote has a great influence on the plenary outcome, and when the rapporteur is a political appointed conselour the probability to reprove irregular accounts is mitigated.

Mathematical Skills and Financial Knowledge in High School

ID: 52140

Authors: Marcella Alves da Silva, Edvalda Araújo Leal, Tamires Sousa Araújo.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-17, January-December, 2018. 17 page(s).

Keyword: Financial Education , Financial Knowledge , High School , Mathematical Skills

Document type: Article (Portuguese) Show Abstract

Financial education is essential in the daily lives of young Brazilians to plan a more conscious consumption. This article discusses the association of the financial knowledge of high school students of public schools in a metropolitan region with demographic and socioeconomic characteristics of about 970 young people. The research was applied to the adolescents enrolled in the eight public schools of different regions of the city, and the financial knowledge was measured by the incorrect answers given in themes such as interest and discounts, time value of money and investments. In addition to family income and gender, usually already listed by the literature, this study shows that financial education has a direct relation with the mathematical skills of young people.

Career Choice: The 'Dark Triad' Reveals Interests of Accounting Students

ID: 52139

Authors: Márcia Figueredo D'Souza, Gerlando Augusto Sampaio Franco de Lima.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-21, January-December, 2018. 21 page(s).

Keyword: Accounting education , Career in Accounting , Dark Triad , Personality traits

Document type: Article (Portuguese) Show Abstract

Three socially dark personality traits, all non-pathological, compose the Dark Triad: Narcissism, Machiavellianism and Psychopathy. We analyzed the influence of the Dark Triad on the professional career interests of students enrolled in accounting undergraduate courses. A questionnaire was applied to undergraduate courses from public and private Brazilian universities. More than 1,400 students participated and expressed their preferences towards the Auditing and Accounting in private organizations careers. Professional satisfaction, followed by remuneration, are the interests that mostly encouraged students to make their career choice. The personality traits that compose the Dark Triad for these students stimulate interests and objectives associated with manipulation, superiority, exhibitionism and power.

CSR Sensemaking on the Collapse of the Samarco’s Tailings Dam

ID: 52138

Authors: José Paulo Cosenza, Cíntia de Melo de Albuquerque Ribeiro, Ariel Levy, Selma Alves Dios.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-16, January-December, 2018. 16 page(s).

Keyword: Corporate Social Responsibility , Global Reporting Initiative Sustainability report , Post-disaster management , Sensemaking

Document type: Article (English) Show Abstract

This paper examines the fundamental orientation guiding the Corporate Social Responsibility (CSR) activities in the voluntary report published by Samarco – a Brazilian mining company, identifying how the company perceives itself regarding a severe environmental disaster occurred in 2015. Our analysis applied Basu and Palazzo's (2008) model based on an organizational sensemaking process to explain how the organization expresses its thinking, how it discusses and acts to cope with the accident expectancy and its consequences. We analyzed the reports that depict the tailings dam collapse, observing whether the risks and damages to the ecosystem would be mentioned and anticipated to the stakeholders. Our evidence points out that the company had not disclosed beforehand any relevant information about the real hazards or critical impacts of its operating activities. After the accident, Samarco seems to maintain its relational posture towards society. However, the practical actions signal that the company is after its own business.

Does the Influence of the Family Have any Effect? Analysis of the Remuneration of Executives of Family and Nonfamily Companies

ID: 52137

Authors: Thaisa Renata Santos, Júlio Orestes Silva.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-12, January-December, 2018. 12 page(s).

Keyword: Executive Remuneration , Family business , Total remuneration , Variable salary

Document type: Article (Portuguese) Show Abstract

This study investigates whether the presence of the family in the company influences the remuneration provided to executives of Brazilian family companies in comparison to non-family businesses. In family businesses, the objectives may are focused on preserving family values, and the attribution of compensation to executives tends to be differentiated from other non-family businesses. The results, obtained from the analyses of 110 Brazilian public companies from 2010 to 2016, show that the family influence, captured by the presence of the family in the company, has a direct relation with the remuneration provided to executives. This result suggests that total remuneration and variable remuneration are lower in family firms, if compared to non-Brazilian companies.

The Effect of the Family on the Financial Behavior of Adolescents in Public Schools

ID: 52136

Authors: Cristian Baú Dal Magro, Marcello Christiano Gorla, Tarcísio Pedro da Silva, Nelson Hein.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-21, January-December, 2018. 21 page(s).

Keyword: Family in financial education , Financial behavior , Public education

Document type: Article (Portuguese) Show Abstract

The study analyzes the effect of family interaction on the financial behavior of adolescents in public schools. Financial education and its consequences on future adult behavior originate in childhood and adolescence. A questionnaire was applied to about 1,900 high school students from 14 public schools in the South of Brazil. The results indicate that the typical behavior of having no control of spending and the low propensity to saving are related to a weak discussion of this issue by the family. In general, the family disseminate initial financial knowledge or through daily experiences.

Biological Assets Disclosure and Ownership Concentration in Brazilian Agribusiness Firms

ID: 52135

Authors: Júlia Peres Tortoli, Paulo Alexandre da Silva Pires, Ducineli Régis Botelho, Ilirio José Rech.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-18, January-December, 2018. 18 page(s).

Keyword: Biological Assets , Disclosure , Ownership Concentration

Document type: Article (Portuguese) Show Abstract

We investigated the relationship between biological assets disclosure and ownership concentration in Brazilian agribusiness industry. We analyzed 27 financial reports by Brazilian agribusiness public companies, for the period 2011 to 2015. The evidences indicate that the level of biological assets disclosure is still modest and ownership concentration typical in agribusiness industry does not affect decisions regarding biological assets disclosure. The results corroborate with previous evidences, demonstrating that company size and biological assets representativeness influence companies’ activity.

Oil Price Shocks and the Asymmetric Response of the Stock Market

ID: 52134

Authors: Paulo Fernando Marschner, Paulo Sérgio Ceretta.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-13, January-December, 2018. 13 page(s).

Keyword: Asymmetry , Oil price , Stock market

Document type: Article (Portuguese) Show Abstract

The stock market may respond in different ways to oil price shocks. According to most studies, this relation may be directly proportional or not. Otherwise some studies, point out that there are a number of characteristics that interfere in this relation. And affirm that, this relation is asymmetric. Considering this perspective, this article proposes an alternative empirical strategy to analyze the impact of the oil price shocks on the stock market return. In contrast to previous traditional aspects based on the assumptions of a symmetric adjustment between variables, the results of this research indicate that oil price shocks (asymmetric) occur mainly when the performance of equity markets becomes better or worse. This indicates that the relationship between the price of oil and the return on the stock market is more related to the expectations of investors' optimism and pessimism than to other characteristics previously suggested in the literature.

Reflections on Cost-Based Pricing and Competition-Based Pricing: The Gap May not be so Deep

ID: 52133

Authors: Juliana Ventura Amaral, Reinaldo Guerreiro.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-18, January-December, 2018. 18 page(s).

Keyword: Competition , Cost plus pricing , Costs , Pricing , Value

Document type: Article (Portuguese) Show Abstract

Studies on price setting indicate a gap, prices of products and services should be set based on their value to customers (value-based prices), but actually are set based on costs and on products by competitors (cost-based prices and competition-based prices). Thus, the study identifies the circumstances where cost-based prices and competition-based prices have not mean necessarily prices not based on the value of the firms’ product and services. We run a survey to Brazilian industrial firms, and the answers by 380 pricing professionals suggest that the firms setting cost-based prices and competition-based prices do not necessarily ignore the value of the associated product.

The Small World of Management Accounting Research in Brazil: A Discussion about Alternative Research Designs

ID: 51801

Authors: Andson Braga de Aguiar.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-16, January-December, 2018. 16 page(s).

Document type: Article (Portuguese)

The Ordinary Management and its Practices: The Case of the Will Coffee Shop

ID: 51800

Authors: Alexandre de Pádua Carrieri, Denis Alves Perdigão, Paula Gontijo Martins, Ana Rosa Camillo Aguiar.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-13, January-December, 2018. 13 page(s).

Keyword: Everyday life , Ordinary management , Will Coffee Shop

Document type: Article (Portuguese) Show Abstract

This paper aims to contribute to the understanding of the concept of ordinary management (Carrieri, Perdigão & Aguiar, 2014), through the study of a small family organization, the Will Coffee Shop. Ordinary management is not presented as an alternative 'model' of management, as little as a formal research method, but as a critique of the dominant managerial models and postulates that seek to simplify the complex reality of the socio-organizational environment. When taking as a case study a cafeteria opened in a working-class neighborhood of Contagem (MG), whose peculiarities have made its history public, reported in several specialized media vehicles, it seeks to highlight and emphasize aspects routinely silenced, despised, or erased of the complex narratives that do not fit into the usual models, such as spontaneity, non-planning and improvisation. It is concluded that ordinary management collaborates with the area of Organizational Studies by enabling the recovery of other management experiences, giving voice to the common 'subjects' and becoming interested in their histories, discourses, and practices, recovering the right of them as managers and producers of knowledge.

Why Do Companies Frequently Acquire?

ID: 50886

Authors: Daiana Paula Pimenta, Rafael Barreiros Porto.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-14, January-December, 2018. 14 page(s).

Keyword: Acquisition Experience , Corporate Acquisition , Frequent Acquirers

Document type: Article (Portuguese) Show Abstract

Despite the relevance of frequent acquisitions as a corporate strategic program, little is known about the reasons for its occurrence. The studies focus on identifying the factors that determine the first acquisition, disregarding that companies can engage in successive events. To fill this gap, this study identifies the reasons that lead companies to become frequent acquirers, comparing with what is already known about the motivations for the first acquisition. Through Logistic and Poisson Regressions, we identified that the predictors of the first acquisition contribute to explain the frequency of occurrence of these events. As well as, the frequency of acquisitions could be considered as a strategy to support the business competitiveness, which its main driver is the executives’ self-interest.

Reccomendations for Audit Committees in Brazilian Companies

ID: 50342

Authors: Alini da Silva, Paulo Roberto da Cunha, Silvio Aparecido Teixeira.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-13, January-December, 2018. 13 page(s).

Keyword: Brazilian companies , Internal control deficiencies , The Audit Committee characteristics

Document type: Article (Portuguese) Show Abstract

The study analyzes the relationship between the characteristics of the audit committee and the deficiencies of internal control in Brazilian companies. The study sample comprised about 80 companies that adopted audit committee in the period from 2010 to 2015. We applied information entropy analysis, descriptive statistics and multiple linear regression. The results showed that companies that have at least three members in the audit committee, in relation to those with less than three members, have significantly reduced internal control deficiencies. This result strengthens the prerogative of regulatory bodies to adopt a minimum of three members for the audit committee for Brazilian companies, contributing to the reduction of deficiencies in internal control.

Reflexes of Local Culture on the Business Incubators’ Control Systems

ID: 50341

Authors: Iago França Lopes, Ilse Maria Beuren.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-14, January-December, 2018. 14 page(s).

Keyword: Business Incubators , Cultural conditions , Levers of control

Document type: Article (Portuguese) Show Abstract

This research aims to analyze the reflexes of the local cultural conditions on the usage of the ‘levers of control’ by business incubators in an environment of technological innovation. The survey sample consists of 75 managers of business incubators. The results of the structural equations modeling show that the higher acceptance of local cultural conditions by business incubators is reflected on the usage of the ‘levers of control’ adopted by these organizations. Specifically, we observed that whether the incubator is receptive for local cultural conditions from the external context the better is the controls’ fit to the context itself. The study provides practical implications for the field of business incubators and alerts managers about the relevance of considering local cultural conditions to adapt and use the ‘levers of control’.

Organizational Culture and Performance of Foreign Firms Listed on the NYSE

ID: 50340

Authors: Paulo Henrique Nobre Parente, Márcia Martins Mendes De Luca, Gerlando Augusto Sampaio Franco de Lima, Alessandra Carvalho de Vasconcelos.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-21, January-December, 2018. 21 page(s).

Keyword: Cultural typology , Organizational culture , Performance

Document type: Article (Portuguese) Show Abstract

Supported by the Resource-Based View theoretical approach, we evaluated the organizational culture as a sustainable and strategic resource for foreign firms listed on the New York Stock Exchange. We performed a text analysis of SEC 20-F forms from 141 firms issued from 2009 up to 2014, classifying key words according to four types of organizational culture (collaborate, create, competition, control). The evidences support that the ‘competitive’ and ‘creative’ organizational cultures were the most and less representative types, respectively. ‘Collaborative’ and ‘control’ cultures presented a positive and negative effect, respectively, on corporate financial performance. Finally, the effects of the organizational culture type were influenced by the country of origin and by legal system operating in the firm’s home country. Our results support that organizational culture is an important strategic component for financial performance which deserves more attention from managers, investors and academics.

Indebtedness and Accounting Choices: The Non Linear Relation between Debt and Earnings Quality

ID: 50339

Authors: Cristiano Machado Costa, Adriana Machado Matte, Danilo Soares Monte-Mor.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-16, January-December, 2018. 16 page(s).

Keyword: Earnings Quality , Long Term Debt , Non Linearity

Document type: Article (Portuguese) Show Abstract

Corporate debt contracts generate different incentives for managers to engage in earnings management. According to many studies in the literature, companies would seek to decrease discretionary accruals to decrease information asymmetry and to incur in lower funding costs. Other studies, however, point out that companies with high debt levels can do the opposite by increasing discretionary accruals to avoid covenants. Given these two theories, this paper proposes a nonlinear relationship between debt and the discretionary component of earnings for companies listed on BM&FBOVESPA from 2008 to 2015. Evidences indicate a positive relationship between low debt levels and earnings quality, but negative for higher debt levels. It suggests that in higher debt levels, it is preferable to decrease earnings quality than to incur in losses due to contractual breaches. Further analysis indicates that such nonlinear relationship is related to long-term debt rather than to short-term debt.

Editorial V. 12, N. 1, 2018

ID: 50338

Authors: André Carlos Busanelli de Aquino.

Source: Revista de Contabilidade e Organizações, v. 12, n. 1, p. 1-2, January-December, 2018. 2 page(s).

Document type: Editorial (Portuguese)