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 restrição financeira e das crises na legibilidade e no humor das notas explicativas(Universidade Federal do Espírito Santo, 2025-03-18) Muniz, Jordana Pereira; Reina, Donizete ; https://orcid.org/0000-0001-6217-2324; http://lattes.cnpq.br/6775492728267435; https://orcid.org/0009-0002-2196-8427; http://lattes.cnpq.br/0889898950140568; Louzada, Luiz Cláudio ; https://orcid.org/0000-0002-2626-8203; http://lattes.cnpq.br/9166769626082279; Bispo, Jorge de Souza ; https://orcid.org/0000-0002-1845-2473; http://lattes.cnpq.br/9357659868811983This study analyzes the influence of financial constraints and periods of crisis on the readability and tone of the words used in the explanatory notes of Brazilian companies listed on the B3 stock exchange. Grounded in Disclosure Theory, the research examines how external (economic crises) and internal (financial constraints) factors affect the quality of financial information. A quantitative analysis was conducted using 8,363 observations from 2014 to 2023, covering the 2014 economic crisis, the COVID-19 pandemic in 2020, and the Americanas crisis in 2023. In the main analysis, readability was measured using the Flesch Reading Ease, while the tone of the words was identified through a sentiment dictionary adapted by Cavalheiro et al. (2021). Financial constraints were captured using the KZ index (Kaplan & Zingales, 1997), and the effects were evaluated through panel data regressions. The results indicate that crisis periods significantly reduced readability, making reports more complex, particularly in the Communication and Consumer Cyclical sectors. Additionally, financially constrained firms exhibited lower readability and a more pessimistic tone, suggesting greater caution in financial reporting. However, the interaction between crisis and financial constraints did not impact readability but influenced the tone, making it more optimistic, possibly as a strategy to manage market perceptions. Additional analysis, using Wilcoxon and Kruskal-Wallis tests, confirmed that crises and financial constraints independently affect readability, while their interaction influences the tone of the disclosures. The robustness of these findings was validated by alternative readability metrics, such as Flesch-Kincaid Grade Level and Gunning Fog Index, and by reassessing financial constraints using the SA index (Hadlock & Pierce, 2010). The findings emphasize that macroeconomic crises and financial constraints affect corporate transparency, reinforcing the need for stricter regulations to ensure the clarity of financial reports, particularly during crises. These results contribute to the literature on financial disclosure quality, demonstrating that economic conditions and financial constraints influence corporate transparency. From a practical perspective, the findings suggest that investors and analysts should consider readability and tone in explanatory notes as potential indicators of financial constraints and perception management strategies
- ItemEfeito das práticas ESG no desempenho financeiro com moderação da restrição financeira nos países do BRICS(Universidade Federal do Espírito Santo, 1900-01-01) 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/; http://lattes.cnpq.br/; Cezar, Layon Carlos; https://orcid.org/; http://lattes.cnpq.br/Companies' 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
- ItemImagem do contador a partir do perfil esperado do egresso em ciências contábeis pelas instituições de ensino superior e de publicações selecionadas na rede social instagram(Universidade Federal do Espírito Santo, 2024-08-02) Caetano, Julio Cezar Mendes; Matos, Emanuel Rodrigues Junqueira de; https://orcid.org/0000-0002-0822-3570; https://orcid.org/0009-0000-9355-4579; Marques, Vagner Antônio; Bianchi, MárciaThis study investigated how the stereotypes of accounting professionals, present in institutional and humorous publications on the social network Instagram, reflect the profile of graduates expected by the accounting courses at Brazilian Higher Education Institutions (HEIs). To achieve this objective, a qualitative approach was adopted, in which the stereotypes were extracted and analyzed interpretatively, based on the Theory of Social Representations. The methodology was based on the stereotype analysis model proposed by Albu et al. (2011), which included the definition of a list of stereotypes, data collection from the descriptions of the accounting courses of the twenty main HEIs in Brazil, according to the 2023 Folha University Ranking (RUF), and publications on Instagram, both from institutional pages and humor pages. The analysis revealed a dichotomy between the idealized image of the accountant, promoted by HEIs and institutional pages on Instagram, and the negative stereotypes found on humor pages on the same social network. HEIs portray the accountant as an ethical, competent, and strategic professional, essential for economic and social development, while memes satirize the accountant as a tedious, bureaucratic individual, detached from social reality. This divergence between social representations can generate negative impacts on the profession, such as the demotivation of students and the devaluation of accounting work. Moreover, the prevalence of negative stereotypes can lead to an illusory correlation, associating the accountant with negative events, such as fraud, even though these are rare. The study highlights the importance of constructive dialogue between HEIs, professional bodies, and professionals to promote a more accurate and positive image of accounting. Actions such as curriculum review, communication campaigns, and the development of interpersonal skills can contribute to the construction of a more solid and valued professional identity. Despite limitations, such as the focus on a specific set of data sources and the predominantly qualitative approach, this study offers an important analysis of the social representations of the accountant and their implications for the profession, fostering future investigations into the underlying causes of stereotypes and the development of effective strategies to promote a positive image of accounting.
- 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