Mestrado em Ciências Contábeis

URI Permanente para esta coleção

http://repositorio.ufes.br/handle/10/17544

Nível: Mestrado Acadêmico
Ano de início: 2010
Conceito atual na CAPES: 4
Ato normativo: Homologado pelo CNE, Parecer CES/CNE nº 487/2018 (Portaria MEC nº 609, de 14/03/2019), DOU 18/03/2019, Seção 1, p. 63.
Periodicidade de seleção: Anual
Área(s) de concentração: Contabilidade e Controladoria
Url do curso: https://cienciascontabeis.ufes.br/pt-br/pos-graduacao/PPGCC/detalhes-do-curso?id=1477

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Navegando Mestrado em Ciências Contábeis por Autor "Almeida, Jose Elias Feres de"

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    Accounting conservartism, debt contract and operating cycle
    (Universidade Federal do Espírito Santo, 2019-09-18) Barino, Humberto Pigozzo Martins; Almeida, Jose Elias Feres de; https://orcid.org/; http://lattes.cnpq.br/0351268814121118; https://orcid.org/0000-0001-8402-041X; http://lattes.cnpq.br/3083528376374654; Marques, Vagner Antonio; https://orcid.org/0000000172104552; http://lattes.cnpq.br/8704491263853222; Costa, Cristiano Machado; https://orcid.org/0000-0001-9130-2562; http://lattes.cnpq.br/7188849602769313; Verdi, Rodrigo dos Santos; https://orcid.org/; http://lattes.cnpq.br/
    This study examines how leverage combined with the length of the operating cycle moderate the effect of conditional conservatism.I use a sample of U.S.firms and, alternatively, a sample of Brazilian firms.I estimate regressions with firm and year fixed-effects and show that longer operating cycles in highly leveraged firms reduce conservatism in the financial reporting, while longer operating cycles increase the conservatism in lower leveraged firms. Also, firms with shorter operating cycles increase the conservatism in highly leveraged firms, while lower leveraged firms with shorter operating cycles report less conservatively their accounting figures. My findingssuggest that debt drives the conservatism as in prior findings and show that the length of the operating cycle adds incremental information. Strengthen prior studies, my findings are in accordance with the accounting conservatism literature andextendprior literature that conservatism is a response to idiosyncratic uncertainty and that information quality are determined for firm specific characteristics.
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    Custo de capital e investimentos corporativos: um estudo de empresas brasileiras de capital aberto
    (Universidade Federal do Espírito Santo, 2019-07-31) Xavier, Rodolfo Weber Silva; Bortolon, Patricia Maria; https://orcid.org/0000000180873837; http://lattes.cnpq.br/6847890114495039; https://orcid.org/0000-0003-3253-9003; http://lattes.cnpq.br/4680175176167968; Almeida, Jose Elias Feres de; https://orcid.org/; http://lattes.cnpq.br/0351268814121118; Azevedo, Vitor Goncalves de; https://orcid.org/; http://lattes.cnpq.br/4215502061523996
    Investment decisions that generate wealth for shareholders and maximize firm value usually need to consider the cost of capital to be employed. By proposing an analysis of the cost of capital influence on firms corporate investment it is possible to provide information on how investment decisions are influenced by the cost of capital. In this study the model proposed by Frank and Shen (2016) is used to evaluate the impact of the cost of capital on firms corporate investment within Brazilian companies traded at Sao Paulo Stock Exchange (B3). The sample is composed of 399 companies with annual accounting data between 2005 and 2018. The econometric model relates cost of capital and cash flow with investments and uses regressions with panel data. For the calculation of the Weighted Average Cost of Capital (WACC), two models are used for the components of cost of equity: General Capital Asset Pricing Model (GCAPM) and Implied Cost of Capital (ICC). The ICC estimate is based on Hou et al. (2012), which uses regression techniques from accounting data to forecast earnings, and from these forecasts estimate the implied cost of capital. We conclude that the WACC has significant and negative impact on investments. In addition, we conclude that when the WACC is estimated using the ICC, it has a greater impact on the association with the investment, and the ICC can better capture the relation between the cost of capital and investments in Brazilian companies. The approach adopted in this study allow us to understand the application of the ICC calculation model from accounting data, different from usual models based on analysts’ forecasts. This methodology is a viable and interesting alternative to estimate the implied cost of capital in developing markets, characterized by greater information asymmetry and few companies covered by market analysts.
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    RELAÇÃO ENTRE AGRESSIVIDADE FISCAL E O NÍVEL DE INVESTIMENTO
    (Universidade Federal do Espírito Santo, 2019-07-11) Marchesi, Rodolfo Fabriz; Zanoteli, Eduardo Jose; https://orcid.org/; http://lattes.cnpq.br/1290865242019993; https://orcid.org/; http://lattes.cnpq.br/; Souza, Antonio Artur de; https://orcid.org/; http://lattes.cnpq.br/; Almeida, Jose Elias Feres de; https://orcid.org/; http://lattes.cnpq.br/0351268814121118; Vallim, Carlos Roberto; https://orcid.org/; http://lattes.cnpq.br/
    abstract