Editorial

ID: 4949

Authors: Amaury José Rezende, Maísa de Souza Ribeiro.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 1-3, September-December, 2011. 3 page(s).

Document type: Editorial (Portuguese)

Organizational culture and the process of planning and budget control

ID: 4941

Authors: Lígia Maria Heinzmann, Carlos Eduardo Facin Lavarda.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 4-19, September-December, 2011. 16 page(s).

Keyword: Budgeting control , Organizational culture , Planning process

Document type: Article (Portuguese) Show Abstract

The budget process is a planning stage of an organization where the aspects related to the business culture need to be observed. The theoretical essay aims to analyze the empirical studies that relate to organizational culture and the process of planning and budget control, which sought to identify the variables of organizational culture, budget process and research method used. Articles contained the words culture and accounting, budget and culture, culture and budgeting control system in the title, abstract or keywords were selected. The term culture and the others should be mentioned in coordination. It was observed convergence in the following points: national and organizational culture variables; some variables in the budget process, such as planning; budget participation; budget emphasis- overall performance and management performance; research method, through the hypotheses formulation and using instruments adaptations from other authors. This theoretical essay serves as a starting point for future research.

Retention of housing, operating performance and value: a study in the Brazilian capital market

ID: 4942

Authors: Cristiano Augusto Forti, Fernanda Maciel Peixoto, Kellen Silva Freitas.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 20-33, September-December, 2011. 14 page(s).

Keyword: Cash Holding , Market value , Operational performance

Document type: Article (Portuguese) Show Abstract

The classical theory of cash management states that cash holding may negatively affect the profits of firms. The aim of this study is to investigate the relationship between cash holdings and operational performance of Brazilian publicly traded firms. Using panel data from 167 Brazilian firms from 1995 to 2009 and applying the pooled-OLS and system-GMM methods, it is possible to establish a strong and statistically significant relationship between performance and high cash holdings. The results show that the performance measured by Return on Assets (ROA) and the market value assessed by the Market-to-Book ratio are positively affected by the firms’ retention of cash. In short, we conclude that the retention of large amounts of cash can be considered a viable competitive strategy for firms, contrary to the classical theory on the subject.

Governmental Subvention and Assistance (Gsa): disclosure and profitability in major Brazilian companies

ID: 4943

Authors: Débora Queiroz Loureiro, Alessandra Vasconcelos Gallon, Márcia Martins Mendes De Luca.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 34-54, September-December, 2011. 21 page(s).

Keyword: Accounting disclosure , Economic performance , Subventions and governmental assistance

Document type: Article (Portuguese) Show Abstract

This study investigates the disclosure and economic effects stemming from recognition of governmental subventions and assistances (SAG) in accounting demonstrations by major Brazilian companies, according to Statement CPC 07, altered by CPC 07(R1), in 2010. We analyzed 88 of the 100 major companies listed on “Exame Melhores e Maiores 2010”. Financial and insurance companies were not included. The levels of disclosure were obtained in a content analysis of explanatory notes of 2008 and 2009 by means of a check list, according to release dispositions in CPC 07, and economic effects measured by the ROA, ROE, ROS and ISAG indices of 2009. It was observed that companies present a disclosure level which is considered low. The level was limited to an average 30.4% in 2008 and 33.3% in 2009 of the CPC 07 release requisites. Concerning economic effects, was found a positive variation in profits, especially in ROE, and was observed an expressive participation of SAGs in the equity of companies of Textile and Pulp and Paper sectors.

Earnings management through real activities manipulation and the corporate governance: analysis of the Brazilian Steel and Metals Industries

ID: 4945

Authors: Paulo Sérgio Almeida dos Santos, José Ari Verhagem, Francisco Antônio Bezerra.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 55-74, September-December, 2011. 20 page(s).

Keyword: Corporate governance , Earnings management , Operational decisions

Document type: Article (Portuguese) Show Abstract

The aim of this study is identify evidence of earnings management through operational decisions in the listed Brazilian company from the Steel and Metallurgy sector, as well as analyzing the aspect of corporate governance in these companies is an incentive to encourage or against this type of earnings management. For this purpose were analyzed 14 Brazilian companies of following Steel and Metallurgy listed on BM&FBOVESPA. The accounting information for this research was drawn the Financial Statements from the years 2005 to 2009. The study shows to evidence of earnings management in the companies analyzed. After inserting the corporate governance variable into two models suggested by Cardoso and Martinez (2006) and applied to multiple regression analysis of data, research findings indicate that, by means of operational decisions on selling and general and administrative expenses, the corporate governance was considered as against incentive for earnings management. However, referring to operating expenses when related to production levels, corporate governance can be considered an incentive to manage the result.

Financial and sports efficiency of the greatest Europeans football clubs using Envelopment Data Analysis

ID: 4944

Authors: Marke Geisy da Silva Dantas, Diego Rodrigues Boente.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 75-90, September-December, 2011. 16 page(s).

Keyword: Clubs , DEA , Efficiency

Document type: Article (Portuguese) Show Abstract

The users of accounting information of football clubs usually seek to know if the expenses generated by these entities generated a good sports performance during that sports season and consequently the generation of revenue. This research aims to analyze the efficiency of the operating expenses of the biggest football clubs of the world according to two rankings: Forbes Magazine and the auditing firm Deloitte’s magazine. This efficiency analysis was divided into two parts: on the financial aspect and on thesporting aspect. In order to do this, we used the Data Envelopment Analysis, which aims to measure the efficiency of a set of decision making units which take the same number of inputs and outputs for this purpose. Concerning the methodological procedures, this research is an exploratory study, because there are few contributions that join the DEA and the sports sector. The DEA model used was the BCC output-oriented. Data were collected from the two rankings mentioned above (expenditure, revenue and value of the entity) and from sites that had the sort of club championships played in the 2008/2009 season. The results showed that Manchester United and Werder Bremen clubs were more efficient in revenue generation. The English club was also efficient in generating value, but the sporting aspect, the latter along with Barcelona.

Development of propitious environment for innovation in the service sector: an analysis of accounting businesses in Itajaí Valley – SC – Brazil

ID: 4946

Authors: Marcia Regina Santiago Scarpin, Luis Cesar Mondini, Mariana Neumann, Denise Del Prá Netto Machado.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 91-108, September-December, 2011. 18 page(s).

Keyword: Accounting Services , Environment , Innovation

Document type: Article (Portuguese) Show Abstract

This study aimed to verify the perception of employees and managers in accounting offices regarding the development of propitious environments toward innovation. We chose to carry a cross quantitative-descriptive survey with primary data collection through questionnaire. For research appliance there were selected five accounting offices of the city of Gaspar, located in the Itajaí Valley, Santa Catarina, Brazil. Three of them have eleven employees, one has nine and the last one has eight, totalizing 50 (fifty) employees. The collected data was treated by principal component analysis (PCA). As main results it was observed that the features that accounting office workers perceive as influencing a propitious environment toward innovation are linked to the dimensions: D1 - internal relationship; D2 - resources; D3 - leadership and D4 - conflict resolution.

How academics adapt to PBL teaching in an accounting Course

ID: 4947

Authors: Margarida M Pinheiro, Cláudia S Sarrico, Rui A Santiago.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 109-131, September-December, 2011. 23 page(s).

Keyword: Accounting Program , PBL , Teaching and Learning , Vocational Higher Education

Document type: Article (Portuguese) Show Abstract

The general purpose of this work is to contribute to a theoretical discussion on how PBL methodologies influence the way teachers behave in professional higher education. More specifically, we try to understand (1) the roles teachers are asked to perform; (2) what particular strategies can be subject to changes in teaching methods; (3) to what extent professional experience outside higher education institutions contribute to different performances in teachers’ pedagogical activities; (4) and, finally, if it is worthwhile the identification of all teachers with emerging teaching methodologies. This paper takes the form of a case study of a professional higher education institution which assumes as object the subject of Business Simulation taught at the Higher Institute for Accounting and Administration of Aveiro University (ISCA-UA). Our study object is circumscribed to the groups of students and teachers involved in the subject, and they are considered as central elements in the functioning and accomplishing of the teaching-learning systems. We rely on the premise that students who have not previously been identified with methodologies that reinforce their involvement with knowledge production are still waiting for pre-formatted answers from teachers. Concerning teachers’ teaching strategies, this study reveals that the challenges created by the immersion in PBL environments give rise to epistemological concerns, evidencing a variety of strategies in the way peers cope with PBL environments.

Management accounting: a study in Brazilian Journals and Spanish Language

ID: 4948

Authors: Rogério João Lunkes, Vicente Mateo Ripoll-Feliu, Fabricia Silva da Rosa.

Source: Revista de Contabilidade e Organizações, v. 5, n. 13, p. 132-150, September-December, 2011. 19 page(s).

Keyword: Bibliographic , Management Accounting , Methods , Topics

Document type: Article (Spanish) Show Abstract

In recent decades, management accounting has undergone major changes with the inclusion of new topics and research methods. One way to realize and understand the level of development and characteristics of this evolution is the study of his publications in journals. Thus, the objective of this work is to identify and analyze issues and research methods applied in studies of management accounting in Spain, Brazil and Spanish Language. To this end, we selected between 2001 and 2010, first seven Spanish accounting journals contained in the database IN-RECS where we have identified 421 articles, second Instead we have selected six journals are evaluated by Brazilian CAPES, where they have identified 245 articles, and third place have selected five Spanish-language journals listed in the database Latindex where we have selected 52 articles. The results show that jobs in management accounting have not figured prominently in the papers reviewed in the accounting field. Among the issues highlighted include the planning and control, with emphasis on the element of performance measurement and evaluation, and in the case of Brazil, the predominant items are based on organizational control. The development of the studies produced largely with the literature review and case study methods.