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Purpose: Analyze the relevance of Goodwill for the Brazilian capital market and verify for possible differences in periods of economic recession. Methodology: Economic and financial data of companies that trade shares in Brazil, Bolsa e Balcão (B3) were used quarterly in the period from 2011 to 2018. To measure the relevance of Goodwill, the residual value assessment model that is based on Ohlson's studies (1989) and Ohlson (1995). For data analysis, quantile regression was chosen, in quantiles 0.10; 0.25; 0.50; 0.75 and 0.90. Results: The market reacts positively to the increase in Goodwill at all levels (0.10; 0.25; 0.50; 0.75; 0.90) of the companies analyzed, which suggests that the increase in its value in relation to the asset it implies an increase in market value, not only on average, but for all companies, which converges with the findings of Hartwig (2018) and Faleiro and Souza (2018). In periods of economic recession, it is clear that the companies allocated in the 0.25, 0.50 and 0.90 quantiles are sensitive to a decrease in market value, which shows that the crisis has implications for these companies. In addition, there is no significant difference in the relevance of Goodwill in times of economic crisis and in periods of non-existence of the economic crisis. Contributions of the Study: As a theoretical contribution, we highlight the collection of data in a more timely manner, in which the Market Value variable was collected on the date of publication of the reports and the use of quantile regression, a different approach, in which we can observe in which range the variation of the Goodwill is more relevant to the market. Even so, it is emphasized that the results of the study are important for external users, especially when considering the discussion that occurs in the IASB about Goodwill. [ABSTRACT FROM AUTHOR]

Copyright of Revista Contabilidade, Gestao E Governanca is the property of Revista Contabilidade, Gestao E Governanca and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Evidenciação Contábil & Finanças is the property of Revista Evidenciacao Contabil & Financas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The board of directors is an important internal mechanism of corporate governance, since its primary function is to monitor the actions of the executive board, which reduces possible managerial failures. In this sense, this study aims to verify the effect of the structure of the board of directors on cash holdings of publicly traded companies in the period between 2010 and 2018. The data were analyzed by multiple and quantile regressions and the results showed that the board independence, CEO duality and the board size positively affect the amount of cash by publicly traded companies. [ABSTRACT FROM AUTHOR]

Copyright of Revista Gestão Organizacional (RGO) is the property of Revista Gestao Organizacional and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Contabilidade e Organizações is the property of Revista de Contabilidade e Organizacoes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study was developed along with companies which received the Human Resources Distinction Awards for their achievements in strategic management of people from 2010 to 2014, awarded by the Human Resources Association of Serra Gaúcha (ARH Serrana). It aimed to understand how these companies awarded by ARH Serrana establish their ethics committees, and develop, communicate and implement their codes of ethical conduct. Data collection was performed with Qualtrics, and content analysis technique was used to analyze a script of open questions based on a qualitative approach. Data collection revealed that participants are aware of the importance of a code of ethics. However, based on the participants' answers, it is noticeable that the establishment of a committee and the methodology employed to develop a code of ethics are not given the importance they deserve. ARH Serrana not only can convene management professionals but also could serve as a resource for developing the committees as well as the methodologies for establishing the code of ethics thus facilitating the organization's ethical behavior. [ABSTRACT FROM AUTHOR]

Copyright of Revista Evidenciação Contábil & Finanças is the property of Revista Evidenciacao Contabil & Financas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Corporate Governance has become one of the most discussed issues in the business world and has had a broad academic and practical impact. By analyzing the literature related to this area, we seek to examine the development of this subject and potential opportunities for research. Based on 31 theoretical and 59 empirical articles, we have been able to identify research opportunities through an interpretative and critical approach designed to guide studies within a variety of contexts and with various characteristics. We have noted a predominance in the use of Agency Theory, but a limited analysis of conflicts among shareholders and between creditors and management. The research opportunities that we have identified focus on the integrated analysis of Agency Theory, Stakeholder Theory, Stewardship Theory and Resource Dependence Theory. It has also been possible to demonstrate through the literature that the analysis of internal and external mechanisms in a complementary manner can make greater contributions to these investigations. This study contributes to the understanding of this area by providing a systematic presentation of the main characteristics of CG researchers, concepts and theoretical aspects, and it also identifies potential areas for future research related to the approach, theory and mechanisms of Corporate Governance. [ABSTRACT FROM AUTHOR]

Copyright of Advances in Scientific & Applied Accounting is the property of Associacao Nacional de Programas de Pos-graduacao em Ciencias Contabeis and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to identify the understanding of the undergraduate students in Accountancy about the relevant concepts taught in the discipline Accounting Theory. To reach this goal, a questionnaire was sent to selected institutions or applied in person, obtaining a total of 65 respondents who had already studied Accounting Theory. The results of this research show that students perceive the concepts related to the discipline in a way more linked to standardization and that, for most respondents, the discipline Accounting Theory was considered of fundamental importance and should not be eliminated. In addition, it cannot be affirmed that there is a relationship between the area and the time of action of the respondents and their perceptions regarding the concepts of the discipline. It was also observed that there is little discussion about some subjects, in which some students are totally unaware, like in the case of Agency Theory and Earnings Management, which may indicate a gap in the teaching of the discipline. For future research, the analysis of distance learning is suggested, as well as research that seeks to analyze the existence of this possible gap observed. [ABSTRACT FROM AUTHOR]

Copyright of Revista Catarinense da Ciência Contábil is the property of Conselho Regional de Contabildade de Santa Catarina and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objective in this study was to identify the level of compliance of companies' audit committees on the distinguished levels of BM&FBOVESPA with the SOX, Bacen, Susep and IBGC rules. The compliance was analyzed by means of a checklist, built based on the main standards and recommendations the Brazilian companies are subject to. The analysis departed from the following characteristics: composition, qualification, mandate, number of meetings, attributions and obligations. A predominantly quantitative and descriptive document research was undertaken. Fifty-eight companies were considered and 1,508 verifications, showing an average compliance level of 50% (13 out of 26 questions), ranging between 88% (23 questions) and 4% (1 question). The results appointed that financial institutions and social security and insurance institutions are the group that best complies with the audit committee rules, while the companies submitted to SOX and other companies show the lowest compliance rates in the sample. In addition, no relation was found between the distinguished corporate governance levels and the committees' level of compliance, that is, being classified in the new market does not guarantee good compliance with the audit committee standards. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Gestão, Finanças E Contabilidade is the property of Universidade do Estado da Bahia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Gestão, Finanças E Contabilidade is the property of Universidade do Estado da Bahia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

O objetivo deste trabalho é analisar o efeito do rodízio e tenure das firmas e sócios de auditoria na comparabilidade e consistência dos relatórios financeiros. Diversos estudos trataram do efeito do rodízio de auditoria sobre a qualidade dos relatórios financeiros. Entretanto, nenhum deles se debruçou especificamente em analisar este impacto na comparabilidade e consistência dos relatórios financeiros. Existem discussões em âmbito internacional sobre os impactos do rodízio obrigatório do sócio e da firma de auditoria no amago acadêmico, bem como em órgãos reguladores de diferentes países. Devido à peculiaridade do ambiente regulatório brasileiro, pode-se contribuir com as discussões sobre as consequências da implementação do rodízio obrigatório de auditoria. A amostra contou com 50 companhias que foram analisadas em períodos anuais entre 2012 e 2018. Para mensurar a medida de comparabilidade, utilizou-se a similaridade da função contábil de DeFranco, Kothari e Verdi (2011), e a respectiva adaptação, para medir a consistência, desenvolvida por Ribeiro (2014). Quanto à análise dos dados, recorreu-se à estatística descritiva e, em sequência, à análise multivariada em painel. Os resultados indicam que a troca (obrigatória e voluntária) da firma de auditoria e do sócio de auditoria não prejudicam a comparabilidade e a consistência dos relatórios financeiros. As evidências sugerem que períodos de relacionamentos de até três anos entre firma de auditoria e empresa auditada contribuem com o aumento significativo da comparabilidade e da consistência. Este achado indica que a obrigatoriedade do rodízio não prejudica a capacidade dos investidores em comparar seus investimentos. Adicionalmente, demonstra-se aos reguladores que uma eventual redução do prazo da troca obrigatória (de cinco para três anos, como na Itália) estaria alinhado com as práticas de mercado e implicaria o aumento da comparabilidade e consistência das informações financeiras. [ABSTRACT FROM AUTHOR]