Editorial

ID: 33724

Authors: Marcelo Alvaro da Silva Macedo.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 1-2, May-August, 2013. 2 page(s).

Document type: Editorial (Portuguese)

Consumer behavior in the property market: Relevant attributes for purchase of flat in the city of Rio de Janeiro

ID: 33725

Authors: Bruno Tanure Lopes Silva, Renata Céli Moreira da Silva, Fábio Francisco de Araujo.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 6-27, May-August, 2013. 22 page(s).

Keyword: Attributes of Consumption , City of Rio de Janeiro , Consumer behavior , Property market

Document type: Article (Portuguese) Show Abstract

The Brazilian property market, especially in the city of Rio de Janeiro, after a long time, heatup again. The increase of income of the population, coupled with easy credit and highexpectations, with the arrival of mega-events like the FIFA 2014 World Cup and the 2016Olympics, are considered the main causes of overvaluation of properties. Given this scenario,this study was to investigate the main attributes that the consumer considers a higher priorityto buy its apartment in Rio de Janeiro city. Through in-depth research, qualitative studyidentified that the consumer goes through conflicting situations of choice, when, for example,it gives up the location attribute for an internal space according to its preferences, since theprice does not allows obtaining both. On top of that, it is concluded that at the time,consumers will not find their dream house, but one that just will fulfill their needs.

Study about the relevance and the disclosure of biological assets of listed companies in BM&FBOVESPA

ID: 33726

Authors: Luciana Holtz, José Elias Feres de Almeida.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 28-46, May-August, 2013. 19 page(s).

Keyword: Biological assets , CPC 29 , Fair value , Relevance of accounting information

Document type: Article (Portuguese) Show Abstract

The main objective this article is to verify that the information content of biological assetsdisclosed in the financial statements are relevant and, the secondary objective performcontent analysis of the notes verifying the compliance of information supplied by entities withCPC 29. The study sample was composed of publicly traded stock companies listed on theBM & FBOVESPA with data for the year 2010 and 2011. The empirical tests were conducted applying relevance models, using observations of 347 active companies characterizing a studymodel pooled ordinary least squares – POLS, including companies that have reportedbiological assets into account specific .The companies that had values of biological assetsposted have had analyzed explanatory notes referring to this account. The results provideempirical evidence that the information content of biological assets disclosed by companies isnot relevant to the sample. In relation the content analysis of the notes was checked a partialcompliance of the standard, there is a disparity in the information disclosure practices by thecompanies analyzed, as well as an omission of items required by the standard. Can be inferredthat loss of the relevance has occurred, in part, by the poor quality of the notes, which maymake it difficult for outside users in interpreting the information disclosed.

The reliability of financial information of charitable organizations: an exploratory study based on the Benford’s Law

ID: 33727

Authors: Marco Antonio Figueiredo Milani Filho.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 47-63, May-August, 2013. 17 page(s).

Keyword: Benford’s Law , Charitable organizations , Reliability of financial information

Document type: Article (Portuguese) Show Abstract

Benford's Law (BL) is a logarithmic distribution which is useful to detect abnormal patternsof digits in number sets. It is often used as a primary data auditing method for detecting tracesof errors, illegal practices or undesired occurrences, such as fraud and earning management.In this descriptive study, I analyzed the financial information (revenue and expenditure) of theregistered charitable hospitals located in Ontario and Quebec, which have the majority(71.4%) of these organizations within Canada. The aim of this study was to verify thereliability of the financial data of the respective hospitals, using the probability distributionpredicted by Benford’s Law as a proxy of reliability. The sample was composed by 1,334observations related to 339 entities operating in the tax year 2009 and 328 entities in 2010,gathered from the Canada Revenue Agency’s database. To analyze the discrepancies betweenthe actual and expected frequencies of the significant-digit, two statistics were calculated: Ztest and Pearson’s chi-square test. The results show that, with a confidence level of 95%, thedata set of the organizations located in Ontario and Quebec have similar distribution to theBL, suggesting that, in a preliminary analysis, their financial data are free from bias.

Innovation and organizational performance: A study with innovative Brazilian companies

ID: 33728

Authors: Juliane Dias Coelho de Araújo Silveira, Murilo Alvarenga Oliveira.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 64-88, May-August, 2013. 25 page(s).

Keyword: Captation of Resources , Innovation , Organizational Performance

Document type: Article (Portuguese) Show Abstract

The study aimed to analyse the relation between companies considered innovative and theirperformance. The introduction of novelty or development in a social or productive setting thatresults in new products, processes or services represents the essence of innovation that besidesbeing one issue of competitive advantage to the organizations and economic increasing in thenations, involves also one way of getting resources and receiving taxes incentive. The sampleof the research was constituted by enterprises that received subsidy of Financiadora deEstudos e Projetos (FINEP): Brakem, Natura and Embraer. The research showed quantitativeaspects, used published data in management reports and accomplished the analysis ofcorrelation between variables in the process of innovation and results. It was possible in pointthat there are effects between investment in innovation and the increasing of sales in all enterprises of this study. However, any of them showed correlation between investment ininnovation and the evolution of margin balance.

Analysis of the Factors that Impacting the MVA of Brazilian Public Companies: Does EVA® is more Value Relevant than the Traditional Performance Indicators?

ID: 33729

Authors: Luiz Felipe de Araújo Pontes Girão, Márcio André Veras Machado, Aldo Leonardo Cunha Callado.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 89-105, May-August, 2013. 17 page(s).

Keyword: Accounting indicators , EVA , MVA , Performance evaluation

Document type: Article (Portuguese) Show Abstract

This study aimed to analyze the explanatory power of EVA® and others traditional accountingindicators, assessing which of these measures is more related to the creation of shareholderwealth. Therefore, we analyzed 748 firms-years between 2005 and 2010. Through the use ofpooled of ordinary least square regressions (POLS), we tested the informational content ofEVA and traditional indicators, individually and together, as to the explanation of the marketvalue added as a proxy for the generation of wealth for investors. Therefore, we used fiveunivariate equations for the purpose of analyzing the explanatory power for each of thevariables used in the study, whether accounting variables or EVA. After that, we used twomultivariate models: one containing only the traditional accounting variables and the otherwith the addition of EVA, testing, through the Wald test, the hypothesis that EVA addsinformative content to traditional accounting indicators. According to this methodology, itwas observed that EVA is not more value Relevant than traditional indicators by univariatemodels, but add informative content to the set of indicators, in the joint analysis bymultivariate models.

Analysis of Strategic Change from the Perspective of Coevolution: a study in an organization of the brazilian electricity sector

ID: 33730

Authors: Cláudia Fabiana Gohr, Luciano Costa Santos.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 106-126, May-August, 2013. 21 page(s).

Keyword: Mudança Estratégica , Setor Elétrico Brasileiro , Teoria da Coevolução

Document type: Article (Portuguese)

Disclosure of information about intangible assets: empirical evidence on banks in Portugal during the period 2001-2009

ID: 33731

Authors: Ana Maria Gomes Rodrigues, Maria de Lurdes Ribeiro da Silva, María del Pilar Muñoz Dueñas.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 127-144, May-August, 2013. 18 page(s).

Keyword: Banks , Disclosure , IAS 38 , Intangible Assets , Portugal

Document type: Article (Portuguese) Show Abstract

The main objectives of this investigation is to analyze the disclosure of information aboutintangible assets during a period of nine years, namely the extension or level, as well as theirevolution and possible alterations verified upon them, that derived from the adoption in 2005,of the international norm in order to elaborate the consolidated accounts of banks. Throughthe verification of the disclosure of intangible assets. Taking into account items fromInternational Accounting Standard (IAS) 38 from the International Accounting StandardsBoard (IASB), the consolidated financial statements from seventeen banks, presentingconsolidated accounts in Portugal uninterruptable between 2001 and 2009 were analyzed.The results obtained through the construction of an index, elaborated from this effected,reveled an average of disclosure of information on intangibles of 0.24 during the period. Thelevel of general disclosure evolved from an average of 0.1940 in 2001 to 0.2778 in the year2009. The intangibles generated internally had an average of disclosure of 0.1592 and theintangibles acquired had an average value of 0.2927. A growth in the extension of disclosureof intangibles upon the consolidated financial statement of banks during period analyzed,being this growth more accentuated in 2005 and 2006, which correspond to the first years ofadoption in Portugal of international norm endorsed by the European Union through theRegalement 1606/2002, of July 19, the designed IASB-UE norms.

Competencies required of teachers from the perspective of accounting students

ID: 33732

Authors: Mirelle Gonçalves de Rezende, Edvalda Araújo Leal.

Source: Sociedade, Contabilidade e Gestão, v. 8, n. 2, p. 145-160, May-August, 2013. 16 page(s).

Keyword: Accounting Students , Education , Teacher Competencies

Document type: Article (Portuguese) Show Abstract

This article evaluates the degree of importance attributed to the competencies of teachers fromthe perspective of accounting students and seeks to identify what competencies are required ofteachers of this course. For this purpose, we first used the studies carried out by Pereira(2007), Gradvohl, Lopes and Costa (2009) and Vasconcelos (2010), in which the authors indicated twelve competencies: teaching ability, relationship with students, demands placedon students, theoretical knowledge, experience in the market, flexibility, creativity,communication, leadership, planning, commitment and empathy. The method adopted wasquantitative, through a survey of accounting majors in the last three semesters, chosenbecause they had sufficient contact with professors to form reliable opinions regarding therelative importance of the teaching competencies. The sample was composed of 292accounting students at public and private institutions in the city of Uberlândia, Minas Gerais.The data were analyzed by exploratory factor analysis. The results indicate that the mostimportant competencies in the eyes of the students are related to knowledge, teaching abilityand experience in the market, while creativity is not considered important or is not shown bythe professors of this course.