Contributions of Investment in Scholarships Stricto Sensu in Brazilian Academic Production

ID: 43096

Authors: Khalil Gibran Martins Zeraik Abdalla, Alysson Bryan Citadin, Luiz Pinheiro Junior.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 0-0, September-December, 2016. 1 page(s).

Keyword: Fontes de Financiamento , Geração de Conhecimento , Produções Acadêmicas

Document type: Article (Portuguese)

Editorial

ID: 43093

Authors: Orleans Silva Martins, Luiz Felipe de Araújo Pontes Girão, Wenner Glaucio Lopes Lucena.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 1-3, September-December, 2016. 3 page(s).

Document type: Editorial (Portuguese)

Nominata de Avaliadores

ID: 43094

Authors: Orleans Silva Martins, Luiz Felipe de Araújo Pontes Girão, Wenner Glaucio Lopes Lucena.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 4-5, September-December, 2016. 2 page(s).

Document type: Other (Portuguese)

Causality between Macroeconomic Variables and Gross Revenue: An Analysis Using Vectors Autoregressive (Var)

ID: 43095

Authors: Jucimar Casimiro de Andrade, André de Souza Melo.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 6-29, September-December, 2016. 24 page(s).

Keyword: Econometrics , Finance , Macroeconomic Variables

Document type: Article (Portuguese) Show Abstract

This study aimed to analyze the causal relationship between a set of macroeconomic variables and gross revenue in the agribusiness segment of companies listed on the Brazilian Mercantile and Futures Exchange (BM&FBovespa). It has selected a sample of eight public companies with active stocks belonging to different branches of agribusiness; the choice of this segment was due to the economic importance of it for the brazilian economy. As endogenous variables, it was selected five variables: gross revenue of the respective companies, agriculture of gdp, price index of agricultural products (Ipa), the basic interest rate (Selic) and exchange rate (R $ / US $). With use of the methodology of Autoregressive Vectors (VAR), it was found that the impulse response functions and decomposition variance showed similar readings, i.e., in both models the variable gdp of agriculture and agricultural products price index significantly influence on revenues; in some models, the basic interest rate (represented by SELIC), it has come to represent more than 40% of the variance of the revenue forecast errors, and a shock of 1% of forecast error in gdp variable of agriculture can already be felt in revenue predominantly from the second period; revealing that such Cias. should carefully evaluate the economic environment that surrounds it, because it is extremely unpredictable, dynamic and volatile, requiring a decision in a timely and consistent decision completely adverse economic scenarios, especially in the agribusiness segment, which is one of the sectors that have more driving the development of the country, even at an unfavorable economic environment.

The Influence of Gender, Age, Education and Experience on Investiment Decisions: An Overconfidence Effect Analysis

ID: 43097

Authors: Elizabeth da Silva Aguiar, Lígia Maria Gonçalves Araújo, Tarciane Silva do Carmo, Rodrigo Vicente dos Prazeres, Tiago de Moura Soeiro.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 44-55, September-December, 2016. 12 page(s).

Keyword: Behavioral Finance , Behavioral Heuristics , Cognitive Biases , Overconfidence Effect

Document type: Article (Portuguese) Show Abstract

This study aimed to determine the level of behavioral heuristics in investment decisions and to describe the relationship between the level of behavioral heuristics and gender, age, experience and education to explain how these relationships characterize the cognitive bias of overconfidence. Hence, a questionnaire was applied to investors in the city of Recife, Pernambuco. Forty-five (45) responses were received, but only thirty-six (36) were considered valid after the methodological procedures. From the questionnaire was built a heuristics index based on studies of Hansen and Helgeson (1996), Pohl (2006) and Lima Filho, Bruni and Sampaio (2012) and later this index was used as the dependent variable in a multivariate logistic regression model, where the variables gender, age, experience and education were used to test the overconfidence effect. As a result, it was found that 70% of valid questionnaires indicated positive rates of heuristics and the age variable showed positively related to heuristics index, confirming the overconfidence effect, whereas the variable experience proved negatively related to the independent variable, refuting the overconfidence effect.

Internal Control’s System of Public Management of the Executive Power from Patos/PB

ID: 43098

Authors: André Gomes de Souza Alves, Valdério Freire de Moraes Júnior.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 56-71, September-December, 2016. 16 page(s).

Keyword: City of Patos/PB , Internal Control , Public Administration

Document type: Article (Portuguese) Show Abstract

This study is about the internal control system within the public administration, done by the Internal Control Department of the Municipality of Patos-PB. Internal control emerges as self-control tool to ensure proper management of public affairs, strengthening good governance to better guide their own development. In terms of methodology, the research was qualitative, descriptive bias bibliographic and technical procedures. Data collection, in turn, were used questionnaire with 17 questions, applied to five servers that comprise the Internal Control Department of the Municipality in evidence. The main results were: respondents knew about the reality they experience; They understand that there is a good training and implementation of municipal internal control, with outstanding performance in various areas; that there is aid the development of municipal management and external control bodies; need also, however, most servers, physical space, and for one of them aid of controlled bodies. Finally, it is concluded that the implementation of sectoral units, with a good level of communication between the controlled organs is a way out of Paraiba city surveyed.

Analysis on the Use of Tools and Information Management for Beef Cattle Producers

ID: 43099

Authors: Marcelino Franco Moura, Nevison Amorim Pereira, Ilirio José Rech.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 72-88, September-December, 2016. 17 page(s).

Keyword: Agribusiness , Beef Cattle , Decision Taking , Management Information

Document type: Article (Portuguese) Show Abstract

Given the importance of beef cattle in the national economy and information for decision making, this study aimed to verify the use of management tools and information for farmers, identifying the factors that motivate them to use these tools in targeting and planning your business. It is a qualitative, descriptive research and data were collected through a questionnaire applied to 30 farmers beef cattle breeders in the city of Ituiutaba, located in the Triangulo Mineiro region. The results show that farmers, in general, use some informal management information for maintenance or control of production. Also, detected a limitation to adopt accounting and its formal information as a management and control tool. In the perception of livestock producers, accounting information is only considered relevant when it comes to issues related to revenue/income tax.

Optimal Retirement Agein the RGPS: An Analysis under the Perspective of the Expected Future Benefits Maximization

ID: 43100

Authors: Fernando Guedes de Campos, Filipe Costa de Souza.

Source: Revista Evidenciação Contábil & Finanças, v. 4, n. 3, p. 89-108, September-December, 2016. 20 page(s).

Keyword: 85/95 Rule , Actuarial Mathematics , Retirement , RGPS

Document type: Article (Portuguese) Show Abstract

This study aimed to find, under the actuarial perspective, the retirement age that maximizes the expected present value of the future benefits cash flow of a worker linked to The Brazilian General Social Welfare Policy (RGPS). Assuming certain hypothesis and making simulations, the study deals with social, legislative, economics and actuarial factors used to calculate the expected present value of the future benefits cash flow, such as: gender, age of entrance into the labor market, interest rate, wage growth rate, life expectance and inflation rate. Scenarios were developed and analyzed in accordance to the recent changes in the retirement rules of the RGPS, indicating the impact that these factors have on the optimal retirement age. Based on the initial assumptions of the study, the results revealed that the retirement ages that maximize the expected present value of the future benefits cash flow are 57 years for men and 52 years for women, and these optimal ages occur when the workers meet the requirements of the 85/95 rule. According to the sensitivity analysis, it was concluded that variations in the life expectancy at birth did not significantly alter the optimal retirement age, different from the interest rate and wage growth rate, which had greater impact in these optimal ages. Moreover, the fact that the requirements for retirement due to contribution time occur five years earlier for female contributors, linked to a five-year bonus in the reduction factor calculation, makes that the optimal retirement age for women be always lower than for men. This difference also occurs with respect to the expected present values of the future benefits cash flows which, for such facts, are always higher for female contributors.