Mestrado em Ciências Contábeis
URI Permanente para esta coleção
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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Submissões Recentes
- ItemInfluência da adoção do CPC 47 na gestão do capital de giro e resultado econômico das empresas brasileiras listadas(Universidade Federal do Espírito Santo, 2025-03-14) Bello, Marina de Morais; Reina, Donizete; https://orcid.org/0000-0001-6217-2324; http://lattes.cnpq.br/6775492728267435; https://orcid.org/0009-0008-9416-4474; http://lattes.cnpq.br/3403463362355630; Maria Junior, Elizeu; https://orcid.org/0000-0002-8228-5980; http://lattes.cnpq.br/7515117984616885; Dantas, José Alves; https://orcid.org/0000-0002-0577-7340; http://lattes.cnpq.br/4292408391743938Accounting has undergone transformations with the adoption of CPC 47 – Revenue from Contracts with Customers, which standardized revenue recognition across all economic sectors, replacing previous fragmented regulations (Dias & Costa, 2024). This research investigates the effects of the adoption of CPC 47 on working capital management and the economic performance of Brazilian companies listed on [B]³, analyzing periods before and after the mandatory implementation of the standard. Quantitative analysis techniques were employed, including robust linear regressions, quantile regressions, and non-parametric tests, to assess statistical differences between periods and sectors with higher and lower exposure to the standard. The sample comprises 1,610 observations of companies listed on [B]³ between 2010 and 2023, excluding financial institutions. The variables of interest include the Cash Conversion Cycle (CCC) and Return on Assets (ROA), along with control variables such as company size, COVID, financial leverage, and corporate life cycle stage. The OLS linear regression results indicate that the adoption of CPC 47 did not significantly impact working capital management and economic performance in a generalized manner. However, sector-based analysis, through additional hypotheses, revealed that companies more exposed to the standard, such as those in Construction and Industrial Goods, experienced greater changes in working capital management, while Industrial Goods, Healthcare, and Technology sectors showed negative impacts on economic performance, confirming sectoral variations. The quantile regression, used as a robustness test, revealed that the impacts of CPC 47 were not homogeneous across the distribution of financial variables. Companies with longer cash conversion cycles adjusted their strategies to reduce CCC after the adoption of the standard, while companies at the extremes of the ROA distribution (less profitable and highly profitable firms) were the most negatively affected. The findings contribute to the literature by demonstrating that accounting standardization can have differentiated effects across economic sectors. From a practical perspective, the study provides valuable insights for regulators, managers, and investors regarding the financial impacts of adopting new accounting standards and their implications for the predictability of corporate results
- ItemEfeito da Lei 13.506/2017 na ocorrência de irregularidades nas demonstrações financeiras dos maiores contribuintes monitorados pela Receita Federal do Brasil(Universidade Federal do Espírito Santo, 2025-03-25) Sotero, Thalis Alexandre; Marques, Vagner Antônio; https://orcid.org/0000-0001-7210-4552; http://lattes.cnpq.br/8704491263853222; https://orcid.org/0009-0000-9950-1099; http://lattes.cnpq.br/7757188170011931; Louzada, Luiz Cláudio; https://orcid.org/0000-0002-2626-8203; http://lattes.cnpq.br/9166769626082279; Martins, Orleans Silva; https://orcid.org/0000-0002-4966-0347; http://lattes.cnpq.br/5012236039984008Accounting irregularities can result from various factors, such as deficiencies in internal controls, financial pressures to meet market expectations, and legislative and tax loopholes. These practices generate informational asymmetry and financial manipulation, distort asset prices in financial and capital markets, and reduce economic agents’ confidence, intensifying regulation and the demand for greater corporate transparency. In the tax context, irregularities may arise from strategies aimed at reducing tax burdens or maximizing benefits, highlighting the relationship between oversight and tax compliance. In Brazil, the oversight of major tax payers, structured under the differentiated and special monitoring regimes, aims to mitigate evasive practices, while Law No. 13,506/2017 increased penalties for financial infractions. However, the impact of major taxpayer monitoring and Law No. 13,506/2017 on accounting irregularities has not yet been widely explored. This research aimed to analyze the effect of Law No. 13,506/2017 on the occurrence of irregularities in the financial statements of major taxpayers monitored by the Brazilian Federal Revenue Service (RFB) and listed on Brasil, Bolsa, Balc˜ ao (B3), using data from 2010 to 2023. The sample consisted of 3,655 observati ons, of which 854 were restatements and 691 Administrative Sanctioning Processes (PAS). To assess the impact of tax monitoring and Law No. 13,506/2017, the analysis employed descrip tive statistics, Spearman’s correlation, and different econometric models, including staggered Differences-in-Differences (DiD), Regression Discontinuity Design (RDD), and logistic regres sion. Overall, the results indicate that companies under differentiated monitoring had a higher incidence of restatements and PAS, whereas those subject to special monitoring contributed to a reduction in legal liabilities, reflecting different levels of tax compliance. Additionally, Law No. 13,506/2017 strengthened regulatory enforcement, increasing the likelihood of detecting irregularities in financial statements. This research expands the literature by examining the rela tionship between tax oversight and the quality of financial disclosure, highlighting the impact of stricter tax monitoring on the incidence of irregularities. The findings also assist regulators in improving enforcement mechanisms and help investors assess transparency and informational risk. Furthermore, it contributes to the debate on tax reforms, tax compliance, and accounting practices, supporting the development of strategies to strengthen corporate governance and regulatory supervision
- ItemEfeito das práticas ESG no desempenho financeiro com moderação da restrição financeira nos países do BRICS(Universidade Federal do Espírito Santo, 2025-03-11) Vargas, Maiele Bastos de; Reina, Donizete; https://orcid.org/0000-0001-6217-2324; http://lattes.cnpq.br/6775492728267435; https://orcid.org/0009-0002-8804-2186; http://lattes.cnpq.br/6010112295128297; Maria Junior, Elizeu; https://orcid.org/0000-0002-8228-5980; http://lattes.cnpq.br/7515117984616885; Lemes, Sirlei; https://orcid.org/0000-0003-3334-4240; http://lattes.cnpq.br/7794111440646268Environmental, Social, and Governance (ESG) practices have become increasingly relevant in corporate management and investment decision-making. However, the relationship between ESG and financial performance remains a topic of debate in the literature, particularly in companies from emerging markets, where financial constraints may influence firms' ability to implement sustainable initiatives. Given this context, this study investigates the moderation of financial constraint (RF) in the relationship with ESG practices in the financial performance of companies from BRICS countries (Brazil, Russia, India, China, and South Africa). To achieve this objective, fixed-effects regression models were estimated, using return on assets (ROA) and Tobin’s Q (QT) as proxies for financial performance. As measures of financial constraint, the KZ (Kaplan Zingales), WW (Whited-Wu), and SA (Size-Age Index) indices were adopted. In addition to analyzing aggregate ESG, its three individual pillars—Environmental (E), Social (S), and Governance (G)—were examined separately, allowing for a more detailed investigation of each ESG dimension's effects. The results indicate that ESG has a positive and significant impact on firms' operational profitability (ROA), but its effect on market valuation (QT) is less evident and, in some cases, negative. This finding suggests that while ESG practices can drive efficiency and innovation, the market may not immediately recognize their financial benefits. Moreover, companies facing greater financial constraints tend to exhibit lower operational profitability, reinforcing the hypothesis that difficulties in accessing financing may limit firms' ability to achieve direct gains from ESG initiatives. The moderation analysis reveals that for highly constrained firms, the positive impact of ESG may be reduced, especially when resources for sustainable investments are limited. When analyzing results by country, the impact of ESG and financial constraints varied according to the economic and regulatory context of each BRICS nation. India and China showed the strongest effects of ESG on financial performance, while Brazil and Russia had moderate positive impacts. In South Africa, ESG exhibited a greater influence on market valuation, suggesting that South African investors may better recognize the benefits of sustainable practices. The findings of this study highlight the need to consider financial constraints as a key factor in determining the effectiveness of ESG practices, especially in emerging markets. Additionally, the results suggest that the impact of ESG on market value may depend on the time horizon required for these investments to generate perceptible returns. Thus, this research contributes to the literature by providing empirical evidence on the role of financial constraints in the relationship between ESG and financial performance, offering valuable implications for corporate managers, policymakers, and investors seeking to assess the true impact of ESG practices in the corporate landscape
- ItemEfeito das práticas ESG (Environmental, Social e Governance) no desempenho financeiro das empresas : uma análise comparativa entre países com diferentes ambientes institucionais(Universidade Federal do Espírito Santo, 2024-07-30) Andrade, Audicéia Lima Silva; Maria Junior, Elizeu ; https://orcid.org/0000-0002-8228-5980; http://lattes.cnpq.br/7515117984616885; https://orcid.org/0009-0002-9350-8796; http://lattes.cnpq.br/8942694747942001; Reina, Donizete; https://orcid.org/0000-0001-6217-2324; http://lattes.cnpq.br/6775492728267435; Cezar, Layon Carlos; https://orcid.org/0000-0003-2062-4593; http://lattes.cnpq.br/9741476164398599Companies' ESG (Environmental, Social, and Governance) disclosures have increased to meet stakeholder demands and create more accountability for companies. However, it is observed that the level of engagement of companies in ESG practices can vary according to the institutional environment in which they are inserted and can influence their financial performance. This research aimed to compare the effects of ESG performance on the financial performance of companies located in developed and emerging markets and between environmentally sensitive and non-sensitive sectors. A descriptive, documental and quantitative research was conducted. The sample comprised 4,754 companies located in 45 developed and emerging countries. The results indicated that the institutional environment of the countries modulates the relationship between ESG performance and financial performance, suggesting that engagement in ESG practices contributes to the financial performance of sensitive companies located in emerging countries. By presenting the institutional environment as a relevant factor in the analyzed context, this research contributes to the literature that addresses the relationship between ESG performance and financial performance. The findings highlight the importance of companies adopting environmental, social, and governance practices to meet the concerns of stakeholders, especially in countries with low institutional quality
- ItemAssociação entre o Social Return on Investment (SROI) na dimensão social dos projetos e dimensão financeira da firma na Fundação ABRINQ no período de 2008 a 2022(Universidade Federal do Espírito Santo, 2024-07-22) Tozato, Caio Elias Eler; Louzada, Luiz Cláudio ; https://orcid.org/0000-0002-2626-8203; http://lattes.cnpq.br/9166769626082279; Campos, Gabriel Moreira ; https://orcid.org/0000-0002-1140-6570; http://lattes.cnpq.br/7357907494421042; https://orcid.org/0009-0005-2965-1987; http://lattes.cnpq.br/; Farias, Kelly Teixeira Rodrigues ; https://orcid.org/0000-0003-4303-5337; http://lattes.cnpq.br/4287034540564819Abstract indisponível