Editorial V. 10, n. 1, 2020

ID: 61538

Authors: Ricardo José Rocha Amorim, Francisco Marton Gleuson Pinheiro, Maria de Fátima Araújo Frazão.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 1-2, January-April, 2020. 2 page(s).

Document type: Editorial (Portuguese)

Relationship Between The Risk Of Portfolios With High Dividend Yields And Diversified Portfolio In The Brazilian Market

ID: 61539

Authors: Vinícius Medeiros Magnani, Heloísa Cintra Pollo, Lívia Maria Lopes Stanzani, Marcelo Augusto Ambrozini.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 3-20, January-April, 2020. 18 page(s).

Keyword: dividend yield , return , risk

Document type: Article (Portuguese) Show Abstract

Based on the Modern Finance Theory, it is expected that good dividend payers will be associated with lower risk, since the uncertainty about the return on investment would be lower. Thus, this paper aims to verify if the portfolios of stocks with high dividend yields are less risky than the portfolio of the stock market, in the Brazilian context. We analyzed portfolios of Brazilian companies’ stocks that paid high dividends during 1996 to 2017. Using average tests, we compared the average of the risk presented by portfolios with high level of dividend yield and the average of the Ibovespa risk. The results suggest that portfolios with high dividend yields present a significantly higher risk than the market portfolio, contradicting the research hypothesis. Also, the relationship between the risk and the return presented in portfolios with high dividend yield in Brazil is negative, contradicting the Finance Theory assumptions and showing a peculiarity of the Brazilian market. Thus, the study contributes to the literature by showing that high dividend yields are not linked to lower investor risk, necessarily, contradicting the theory.

Relevance Of The Earnings Management Indications Identified In Companies Under The Fasb And Ifrs Standards, From The Perspective Of The Investor

ID: 61540

Authors: Jocelino Donizetti Teodoro, Katia Graciele Moraes Mapa.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 21-41, January-April, 2020. 21 page(s).

Keyword: Earnings Management Indications , Framework , Profitability , Relevance

Document type: Article (Portuguese) Show Abstract

Considering the persistence, for a long time, of the differences related to the accounting guidelines arising from the FASB and the IASB, as well as the main objective of both institutions in informing their respective users for decision making, the present research aimed to study the relevance that stock investors attribute to the earnings management indications for their decision, according to the framework adopted. To this, companies belonging to BM&F Bovespa, representatives of companies that adopt IFRS standards, and Nasdaq companies, representing those that adopt FASB standards, were selected. The Dechow and Dichev model (2002) was used to estimate the earnings management indications, later using Linear Regression to assess the relevance of these indications for the profitability of the shares. As a result, it was found that although there is little evidence that the stock investor takes into account, or even realizes, the earnings management indications in their decisions, it was observed in some of the models statistical significance and in reverse order of the earnings management indications for the profitability of the shares.

Strategies To Combat Tax Evasion: A Model For Icms Based On Artificial Neural Networks

ID: 61541

Authors: Francisco Nobre de Oliveira, Luis Paulo Guimarães dos Santos.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 42-64, January-April, 2020. 23 page(s).

Keyword: Artificial neural networks , ICMS tax , Tax evasion

Document type: Article (Portuguese) Show Abstract

The objective of the research was to develop a Taxpayer Risk Identification System based on Neural Networks to identify taxpayers more likely to assume the status of ICMS tax evaders. In order to achieve this objective, an artificial neural network was developed, called the Taxpayer Risk Identification System (SIRC), based on a multilayer perceptron model of feedforward, fully connected, composed of two hidden layers and trained with the backpropagation error algorithm. The construction and operationalization of the SIRC was done from information available in the databases of the computer systems of the BAHIA State Department of Finance (SEFAZ-BA), fed by information provided by the taxpayers, in a sample of 74,447 events. In the training phase, the network correctly identified 71% of the taxpayers classified as eligible (or not). In relation to the taxpayers who were assessed, the performance was 94%. These percentages attest to the good performance of the system, since the training demonstrated stability in the exit results, considering that in 94% of the cases it was pointed out that the taxpayer is liable to be assessed and in fact is.

Does Your Way Of Teaching Motive Me And I Realize That I Learn? An Analysis Of Pedagogical Practices And Their Consequences For Academic Motivation

ID: 61542

Authors: Emerson Andrade Gibaut, Adriano Leal Bruni.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 65-81, January-April, 2020. 17 page(s).

Keyword: Academic Motivation , Pedagogical practices , Perceived Level of Learning

Document type: Article (Portuguese) Show Abstract

The study was to analyze the association between pedagogical practices in teaching accounting, presented as active or passive, academic motivation and perceived level of learning. The theoretical discussion supports that active practices were associated to a greater motivation and a perceived level of higher learning. The research involved 490 students of Accounting Sciences from four higher education institutions in Bahia. The study data were collected through a questionnaire, containing three scales: pedagogical practices; academic motivation and perceived level of learning. In all, the scales contained 61 items of the Likert scale type, separated into two scenarios, presented with different questionnaires (active pedagogical practices and passive pedagogical practices), and were analyzed based on the Theory of Self-determination. The results showed that pedagogical practices would be associated with a higher academic motivation of students and a higher perceived level of learning.

Evaluation Of The Acceptance Of An ERP System In The Accounting Department Of A Public Company According To The UTAUT Model

ID: 61543

Authors: Katiane Zancan Marques, Ariel Behr, Aline Vieira Malanovicz.

Source: Revista de Gestão, Finanças e Contabilidade, v. 10, n. 1, p. 82-104, January-April, 2020. 23 page(s).

Keyword: Enterprise Resources Planning (ERP) , Information Systems , Unified Theory of Acceptance and Use of Technology (UTAUT)

Document type: Article (Portuguese) Show Abstract

This research analyses factors and conditions that influence the acceptance of an Enterprise Resources Planning (ERP) in the accounting department of a public company. The research is descriptive and uses the method Qualitative Case Study, adopting the UTAUT model as theoretical basis. Three sources were used to collect the data: semi-structured interviews, observation and document analysis. The data obtained show that the users' expectations were above what was perceived after the implementation of the integrated system, generating a frustrating sensation and impacting negatively in the usage intentions. This research allowed the identification, besides the user perceptions and expectations, of some reasons that make them refuse a new technology and could risk the high investments made to implement projects of this size. Furthermore, it shows that the accounting professional must be prepared to get adapted to the companies changes and help the manager to adopt solutions that improve the organizational performance.