The purpose of this study is to examine and understand why parastatals in Nigeria are on the face of it performing so poorly. Parastatals are critised for being ostensibly immersed with ethnicism, corruption, nepotism, patronage, clientelism, low accountability and transparency. These issues were explored in the context of Ajaokuta Steel; an enterprise that was substantially complete two decades ago but subsequently progressed no further. Ajaokuta Steel is an industrial giant meant to take the lead of industrialising, developing, and taking Nigeria and Africa from poverty and unemployment. To pursue this study the researcher employed mixed methods of research with interpretivism combined with a critical ambition and a case study as the main research strategy. The researcher used questionnaires, observations, interviews to gather data. Theoretical framework based on neopatrimonialism was used to guide the researcher in the empirical work and in the study. The interviews from the case site and stakeholders were analysed from the voice recorder and those from the questionnaires were analysed using descriptive statistics. The use of several data collecting methods was to achieve triangulation and because of the seriousness of the problem which needed an in-depth investigation to unveil the mystery behind the non-completion of the giant moribund industry. The results of the interviews, case study and questionnaires indicated that the problems of governance and accountability of parastatals in Nigeria are that governing board members and chairmen who formulate policies are appointed to boards based on political patronage, ethnic balancing and religious considerations, thereby loading boards with unqualified people who may ultimately compromise an organisation such as Ajaokuta Steel. Interviewees and respondents also identified a lack of political will on the part of the government, suggestions of an international conspiracy, corruption, military incursions in politics, the geographical location of Ajaokuta Steel and the culture of neglecting projects, as further contributory factors. Interviewees and respondents mentioned also lack of accountability and transparency in the affairs of parastatals. These factors have greatly affected all parastatals in Nigeria. It was recommended that parastatals should appoint board members, the CEO and staff based on track records of good antecedents; publish their accounts in the national newspapers; or be privatised by Public Private Partnership (PPP) so that government will be able to concentrate on its primary duties of providing security, health services and education for its citizens.

This thesis reports the results of a case study conducted in a Portuguese manufacturing organisation, a part of a large group, which endured profound organisational changes. The initial objective of the research was to explore, in a processual way, the long-term interactions between an Enterprise Resource Planning (ERP) system, the consultants that implemented it and management accounting and control, in this organisation. However, during the fieldwork, the researcher was confronted with an apparent puzzle: in the past, formally powerful ‘central’ actors had been confronted with important limitations – including in their relations with formally less powerful actors, particularly ‘local’ actors at the plant level. At the time of the fieldwork, however, the situation had substantially changed. The researcher was therefore confronted with a puzzle, which seemed to be about the distribution of power in the organisation, about who the powerful actors were and, more fundamentally, what caused (or limited) actors’ relational power. Three innovations introduced by central actors appeared to have played an important role in this fundamental change in the organisation and in the distribution of power within it. At stake were a technological innovation – the adoption of the financial module of an ERP system (SAP FI) – and two organisational innovations: the relocation of the Corporate Centre (CC); and the creation of a Shared Services Centre (SSC), in the same location of the group headquarters and of the Chairman and majority shareholder. Clegg’s (1989) framework of ‘Circuits of Power’, based on a Foucauldian and Actor-Network Theory (ANT) approach, was drawn upon as interpretive lenses to address the empirical puzzle about power. The researcher’s mobilisation of the framework facilitated the understanding of what caused (or limited) actors’ relational power, not only in the past but, particularly, at the time of the fieldwork, when the ongoing repercussions of the three innovations were taking place. Such in-depth understanding was constructed through a qualitative, interpretive and processual research, adopting the method of an explanatory case study combining both retrospective and longitudinal components. During the three-year’ fieldwork, 54 interviews with 29 respondents, lasting more than 90 hours, were supplemented by other information generating techniques, such as documentation analysis and observation of meetings, presentations and artefacts in numerous socio-technicalinteractions. The researcher’s interpretation of the case study insights highlighted that the previous power limitations perceived by the formally powerful, ‘central’ actors could be traced to characteristics of the circuit of social integration (rules of meaning and membership across the organisation, as interpreted, accepted and enacted by actors) and of the circuit of system integration (techniques of discipline and production). The three technical and organisational innovations – SAP FI, the CC and the SSC - introduced by central actors in the circuit of system integration (conceptualised, in ANT terms, as nonhuman and collective actors, respectively) had significant repercussions across the various circuits of power. These repercussions had a structural nature, since the innovations collectively succeeded in giving rise to a network of complementary, mutually dependent and mutually reinforcing Obligatory Passage Points. The emerging network of Obligatory Passage Points was essential in promoting the introduction, interpretation, acceptance and enactment of rules across the organisation as desired by central actors. This thesis proposes several contributions concerning the repercussions of the collective of innovations across the circuits of power. Some examples are embedding rules in technology (Volkoff et al., 2007) and organisational processes, redefining the scope of agencies, creating non-zero sum outcomes, and the emergence of the perception of control inevitability and naturalness within organisational normalcy. Collectively, these innovations promoted rules enactment (by both human and nonhuman actors) in ways that benefited the interests of central actors. In addition, this thesis proposes contributions related with the two theoretical frameworks and literatures framing the research. It proposes several refinements to Clegg’s (1989) framework, comprising changes in its graphical layout, linkages and even concepts. The second contribution is an ANT-inspired, OIE model of rule-based action. This model draws on Burns and Scapens’ (2000) macro structure and concepts, but it proposes additional structures and substantially different perspectives, mechanisms and even concepts. It adopts a wide definition of rules, also viewing them as internal structures orienting actors. Thus defined, rules underlie routines and fill a gap in routines-focused frameworks – in particular, when there are no established routines as regards particular issues.The model acknowledges intra-organisational diversity and focuses on the processes of introduction, interpretation, acceptance and enactment of rules. It also relates rules with material conditions, in particular since rules may be technologically and organisationally embedded. Finally, the model highlights that rules may be enacted by both human actors (individual and collective) and nonhuman actors. The model provides a novel way to conceptualise how actors’ interests may be achieved through the various intersections between rules and material conditions, and by the ultimate enactment of rules by both human and non-human actors.

The ability to make sound decisions when faced with ethical dilemmas lies at the heart of being a professional accountant. Yet many of the recent corporate reporting disasters demonstrate that, despite being over a century old, the accounting profession has yet to find a way of dealing effectively with ethics. This is reflected in the ethical training of accountants which tends to follow a rules-based approach to instruction, thereby producing accountants who are often criticized for being rules-followers at a time when many are calling for a more principles-based approach. Within a qualitative framework, the study explored the difficulties trainee accountants confront in constructing a decision-making process whilst seeking to maintain the stance expected of them by, inter alia, professional codes. This is in contrast to mainstream, mainly positivist, research efforts which measure those factors influencing accountants? and accounting trainees? decision-making. Rule-following and deference to one?s profession is regarded as symptomatic of low-level ethical awareness and impedes ethical development (Harris and Brown 1990). The study will therefore be of interest to educators and the profession alike, both of whom seek to have graduates enter the profession with high-level ethical awareness. This study adopts a social constructivist and interpretive research approach informed by structuration theory and uses vignettes to explore accounting trainees? decision-making processes. Semi-structured interviews were held with 12 BA (Honours) Accounting students in their final year of study. Field notes and participant feedback augmented interview data. Thematic analysis, coding and categorization applied through template analysis was used to explore both students? decision-making inclinations and the structural elements reported as impacting on decisions at a particular point in time. A cross-case comparison showed that, contrary to much of the literature, students adopted a principles-based approach to decision-making. This finding, in itself, may have far-reaching implications for the way in which ethics is taught, whether by business schools or by in-house organizational programmes.

Η παρούσα διπλωματική εργασία πραγματεύεται το ρυθμιστικό ή κανονιστικό πλαίσιο των διαδικασιών που σχετίζονται με την παραγωγή λογιστικών πληροφοριών. Σκοπός της παρούσας εργασίας είναι να αναλύσει τις μορφές ρύθμισης σε επίπεδο Χρηματοοικονομικής Πληροφόρησης σε διεθνές πλαίσιο. Η μεθοδολογία που ακολουθήθηκε για την διεξαγωγή της έρευνας αυτής βασίστηκε στην ανάλυση της διεθνούς βιβλιογραφίας. Μερικά από τα κυριότερα συμπεράσματα που προέκυψαν από την έρευνα είναι ότι δίνεται ρυθμιστική καθοδήγηση στα λογιστικά πρότυπα, η οποία πρέπει να εφαρμόζεται σε όλους τους λογαριασμούς προκειμένου να παρουσιάσουν μια “αληθινή και δίκαιη εικόνα”. Τα IFRS ξεκίνησαν μια προσπάθεια εναρμόνισης της λογιστικής σε ολόκληρη την Ευρωπαϊκή Ένωση, η αξία της εναρμόνισης γρήγορα έγινε ελκυστική σε ολόκληρο των κόσμο. Το IASB , το οποίο βασίζεται στα IFRS, πήρε τη σκυτάλη για τον καθορισμό των Διεθνών Λογιστικών Προτύπων, αναπτύσσοντας τα πρότυπά του λαμβάνοντας υπόψη μια οικονομική προσέγγιση, που εστιάζει στη γενική οικονομική ευημερία. Το Εννοιολογικό Πλαίσιο της Οικονομικής Αναφοράς του IASB, επιδιώκει να αναπτύξει μια υποκείμενη φιλοσοφία ως βάση για συνεχείς λογιστικές αρχές, έτσι ώστε κάθε πρότυπο να ταιριάζει με το υπόλοιπο πλαίσιο. Έχει προχωρήσει πέρα από τις προϋποθέσεις των υπαρχόντων λογιστικών προτύπων. Στηρίζεται στη θεωρεία Balance Sheet Approach και τοποθετεί στο επίκεντρο τα στοιχεία του ισολογισμού, τα οποία αποτελούν τον πυρήνα του ως ρυθμιστική βάση για τη ρύθμιση προτύπων. Τα ποιοτικά χαρακτηριστικά της σχετικότητας, της πιστής απεικόνισης και της συγκρισιμότητας που αναγνωρίζονται στο Εννοιολογικό Πλαίσιο είναι μερικά από τα γνωρίσματα που κάνουν τις οικονομικές πληροφορίες χρήσιμες στους διάφορους χρήστες των οικονομικών καταστάσεων. Πέρα από τα οφέλη της τυποποίησης που παρέχουν, επειδή στηρίζονται σε οικονομική θεωρία, δηλαδή σε επιστημονικές αρχές – θα είναι δύσκολο να αμφισβητηθούν. Η πιθανότητα για την επιρροή του ΙΑSB σε αυτό τον τομέα είναι σημαντική επιδιώκοντας αρίστευση στα πρότυπα με απόλυτη αυστηρότητα. / This research discusses the regulatory framework or regulatory procedures related to production accounting information. The purpose of this paper is to analyze the forms of regulation at the financial reporting internationally. The methodology used to conduct this research was based on an analysis of the literature. Some of the key findings that emerged from the research is that given regulatory guidance in accounting standards, which must be applied to all accounts in order to present a "true and fair view". The IFRS began an effort to harmonize accounting across the E.U, the value of alignment quickly became attractive in the whole world. The IASB, based on IFRS, took the baton for the establishment of the International Accounting Standards Board, developing its standards, taking into account an economic approach that focuses on the overall economic prosperity. The Conceptual Framework of the economic report of the IASB, seeks to develop an underlying philosophy based on continuous accounting principles so that each template to match the rest frame. It has gone beyond the requirements of existing accounting standards. Based on the theory Balance Sheet Approach and puts the focus on balance sheet, which form the core of a regulatory basis for setting standards. The qualitative characteristics of relevance, faithful representation, comparability and recognized in the conceptual framework are some of the features that make financial information useful to various users of financial statements. Beyond the benefits of standardization provide, because based on economic theory, namely on scientific principles will be difficult to challenge. The chance to influence the IASB in this area is important in pursuing excellence standards with absolute rigor.

Made available in DSpace on 2016-08-29T11:13:26Z (GMT). No. of bitstreams: 1 tese_6555_Dissertação - Júlia - PDF.pdf: 936480 bytes, checksum: 3f6a197ce95d6188705014772b734ca5 (MD5) Previous issue date: 2013-06-17 / CAPES / Com o processo de diversificação dos negócios, globalização econômica e harmonização das normas contábeis internacionais, a divulgação de informações sobre segmentos operacionais assume crescente importância e tende a favorecer a análise econômico-financeira das entidades. Em 2009, foi emitido, no Brasil, o Pronunciamento CPC 22, que direciona as empresas sobre a forma pela qual devem ser definidos seus segmentos operacionais e sobre como dados referentes a estes devem ser divulgados nas demonstrações financeiras anuais. Face às lacunas existentes sobre a análise da informação financeira por segmentos, este estudo objetiva identificar que fatores influenciam o nível de divulgação de informações sobre segmentos operacionais de empresas brasileiras. Acessoriamente, objetiva apresentar quais as práticas de divulgação de informações sobre segmentos operacionais apresentadas por essas empresas. A pesquisa, de caráter exploratório e explicativo, desenvolve-se inicialmente a partir da análise das demonstrações contábeis das empresas, tendo como referência os requisitos constantes no CPC 22. Utiliza-se, ainda, do modelo estatístico de regressão linear múltipla para análise de dados. É abordada a divulgação referente aos anos de 2010 e 2011, sendo que 2010 foi o primeiro ano de obrigatoriedade desse tipo de divulgação pelas companhias abertas brasileiras. O estudo engloba 272 empresas distribuídas entre 20 setores econômicos, totalizando 544 demonstrações contábeis analisadas. Em relação às práticas de divulgação sobre segmentos, os resultados indicam que não houve uniformidade nas práticas de tais empresas, conforme esperado (dadas a discricionariedade permitida pelo CPC 22 e as diversas estruturas organizacionais existentes). Identificam-se diferenças nos tipos de informações divulgadas e nos níveis de detalhamentos das mesmas, tanto entre diferentes setores quanto entre empresas de um mesmo setor. Constata-se, também, que o nível de divulgação das empresas não explorou todos os pontos mencionados pelo Pronunciamento (parte delas sequer mencionou a existência de segmentos operacionais), e, desta forma, evidencia-se que não houve total cumprimento dos requisitos do CPC 22. Já em relação aos fatores que influenciam essa divulgação, são testadas hipóteses referentes a 8 características identificadas como potenciais fatores determinantes, conforme a Teoria da Divulgação, a Teoria de Agência e/ou os estudos anteriores que abordam a divulgação de informações por segmentos. Para as características “rentabilidade”, “concentração do setor”, “lucro ou prejuízo” e “ano de divulgação”, não são obtidos resultados estatisticamente significativos, o que indica que esses fatores não influenciam tais níveis de divulgação. Conclui-se também, em relação às empresas analisadas: (i) quanto maior a empresa, maior o nível de divulgação sobre segmentos; (ii) quanto maior o grau de endividamento da empresa, maior o nível de divulgação sobre segmentos; (iii) empresas listadas nos Níveis de Governança Corporativa da BM&FBOVESPA apresentam maiores níveis de divulgação que as empresas não pertencentes a eles; e (iv) empresas auditadas por uma das “Big Four” apresentam maiores níveis de divulgação que as auditadas por “outras empresas”. Assim, os resultados revelam que as características “tamanho”, “endividamento”, “governança corporativa” e “auditoria” são determinantes dos níveis de divulgação de informações sobre segmentos das empresas brasileiras. / With business diversification, economic globalization and harmonization of international accounting standards, disclosure of information about operating segments assumes increasing importance and tends to favor the economic-financial analysis of entities. In 2009, was issued in Brazil the Pronouncement CPC 22, which directs companies on the way that should be defined their operating segments and how these data should be disclosed in the annual financial statements. In view of gaps on the analysis of financial information by segment, this study aims to identify factors that influence the level of disclosure of information about operating segments of Brazilian companies. Herewith, aims to present the practices of disseminating information about operating segments presented by these companies. The research, exploratory and explanatory, develops initially from the analysis of financial statements of companies, with reference to the requirements of CPC 22. Use also the statistical model of multiple linear regression analysis. It approached the disclosure for the years of 2010 and 2011, and 2010 was the first year of such compulsory disclosure by Brazilian public companies. The study covers 272 companies distributed across 20 economic sectors, totaling 544 statements analyzed. Regarding the disclosure practices of segments, the results indicate that there was no uniformity in the practices of such companies, as expected (given the discretion allowed by CPC 22 and the various organizational structures). Identify differences in the types of information disclosed and the same levels of detailing, both between different sectors and between firms in the same sector. It appears, also, that the level of corporate disclosure have not explored all the points mentioned in Statement (part of them even mentioned the existence of operating segments), and thus it is evident that there was not full compliance with the requirements of CPC 22. In relation to the factors that influence this disclosure, are tested hypotheses about the 8 characteristics identified as potential determinants, as Disclosure Theory, the Theory of Agency and/or previous studies that address the disclosure of segment information. For the characteristics "profitability", "sector concentration", "profit or loss" and "reporting year" are not obtained statistically significant results, indicating that these factors do not influence such disclosure levels. Is also concluded, in relation to companies analyzed: (i) the larger the company, the greater the level of disclosure about segments, (ii) the greater the degree of indebtedness of the company, the greater the level of disclosure about segments, (iii) companies listed in the Corporate Governance Levels of BM&FBOVESPA have higher levels of disclosure that companies not belonging to them, and (iv) companies audited by one of the "Big Four" have higher levels of disclosure that audited by "other companies". Thus, the results reveal that features "size", "debt", "corporate governance" and "audit" are determinants of levels of disclosure about segments of Brazilian companies.

Made available in DSpace on 2016-08-29T11:13:29Z (GMT). No. of bitstreams: 1 tese_9384_Dissertacao_Adelzira_Final_REV06.pdf: 953191 bytes, checksum: 15ccfe390ed46e4a90f46af62bb1b2aa (MD5) Previous issue date: 2015-12-18 / CAPES / A evidenciação das informações contábeis consiste em um processo estratégico da gestão empresarial, pois fornece inúmeros serviços aos diversos usuários das informações. A produção e a divulgação dessas informações refletem os aspectos normativos que regem a contabilidade das empresas, bem como os objetivos dos gestores responsáveis pelo processo contábil. O objetivo deste trabalho é identificar os fatores que explicam o nível de disclosure das empresas S.A. de capital fechado com sede no Estado do Espírito Santo, relacionando-o com as características contábil-financeiras e os possíveis incentivos/obrigações econômicos existentes. Para tanto, foram analisadas as empresas S.A de capital fechado que publicaram suas demonstrações em Diário Oficial e/ou em Jornais de grande circulação. Foram utilizados modelos de regressão linear múltiplas, além de modelos de regressão logística. Os resultados demonstram que grande parte dos achados da teoria do disclosure em estudos empíricos de empresas de capital aberto, também se aplicam ao rol de empresas S.A. de capital fechado. Por exemplo, verificou-se que empresas auditadas por Big four apresentam níveis de disclosure maiores. A variação grau de disclosure pode ser explicada pelo setor no qual a empresa está inserida. Em setores mais complexos, que demandam maior volume de capital investido o nível de disclosure tende a ser maior. Constatou-se também que existe uma correlação positiva entre nível de disclosure e idade da empresa, revelando que empresas mais maduras tendem a divulgar mais. / Financial information disclosure has been a key (strategic) process in business management. Both production and distribution of information are under normative issues that head companies’ accounts as well as the goals followed by accounting process managers. This study aims to identify the factors that explain the level of mandatory disclosure of anonymous private companies located in Espírito Santo State. To this end, this work analyzed private companies that published their balance accounts in either “Diário Oficial” of Espírito Santo State. A disclosure index was developed to measure the level of compliance of firms to the different levels of obligations they were subject to. Multiple linear regression models as well logistic regression models were employed. The Management Report and the Comprehensive Income Statement were the reports with lowest levels of compliance. Regarding determinants of disclosure, results are similar to observed in research about voluntary disclosure of public companies, when observed leverage, big four auditing company and age. However, the usual relationship of size with disclosure was not present in this research about mandatory disclosure.

Submitted by Maykon Nascimento (maykon.albani@hotmail.com) on 2015-01-13T18:54:04Z No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertacao Isaac Gezer.pdf: 1114201 bytes, checksum: 7269fa2310014cacdb5efe600aee8259 (MD5) / Approved for entry into archive by Elizabete Silva (elizabete.silva@ufes.br) on 2015-02-24T17:23:16Z (GMT) No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertacao Isaac Gezer.pdf: 1114201 bytes, checksum: 7269fa2310014cacdb5efe600aee8259 (MD5) / Made available in DSpace on 2015-02-24T17:23:16Z (GMT). No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertacao Isaac Gezer.pdf: 1114201 bytes, checksum: 7269fa2310014cacdb5efe600aee8259 (MD5) Previous issue date: 2015 / O objetivo desta dissertação é analisar a relação existente entre remuneração executiva e desempenho em companhias brasileiras de capital aberto listadas na BM&FBOVESPA. A linha teórica parte do pressuposto que o contrato de incentivos corrobora com o alinhamento de interesses entre acionistas e executivos e atua como um mecanismo de governança corporativa a fim de direcionar os esforços dos executivos para maximização de valor da companhia. A amostra foi composta pelas 100 companhias mais líquidas listadas em quantidade de negociações de ações na BM&FBOVESPA durante o período 2010-2012, totalizando 296 observações. Os dados foram extraídos dos Formulários de Referência disponibilizados pela CVM e a partir dos softwares Economática® e Thomson Reuters ®. Foram estabelecidas oito hipóteses de pesquisa e estimados modelos de regressão linear múltipla com a técnica de dados em painel desbalanceado, empregando como variável dependente a remuneração total e a remuneração média individual e como regressores variáveis concernentes ao desempenho operacional, valor de mercado, tamanho, estrutura de propriedade, governança corporativa, além de variáveis de controle. Para verificar os fatores que explicam a utilização de stock options, programa de bônus e maior percentual de remuneração variável foram estimados modelos de regressão logit. Os resultados demonstram que, na amostra selecionada, existe relação positiva entre remuneração executiva e valor de mercado. Verificou-se também que os setores de mineração, química, petróleo e gás exercem influência positiva na remuneração executiva. Não obstante, exerce relação inversa com a remuneração total à concentração acionária, o controle acionário público e o fato da companhia pertencer ao nível 2 ou novo mercado conforme classificação da BMF&BOVESPA. O maior valor de mercado influencia na utilização de stock options, assim como no emprego de bônus, sendo que este também é impactado pelo maior desempenho contábil. Foram empregados também testes de robustez com estimações por efeitos aleatórios, regressões com erros-padrão robustos clusterizados, modelos dinâmicos e os resultados foram similares. Conclui-se que a remuneração executiva está relacionada com o valor corporativo gerando riqueza aos acionistas, mas que a ausência de relação com o desempenho operacional sugere falhas no sistema remuneratório que ainda depende de maior transparência e outros mecanismos de governança para alinhar os interesses entre executivos e acionistas. / The objective of this dissertation is to analyze the relation between management compensation and firm performance of Brazilian public listed companies at BM&FBOVESPA. The theoretical supposes that the incentive contract corroborates with the interests alignment between shareholders and managers and acts as a mechanism of corporate governance in order to drive the managers efforts for maximization of firm value. The sample is 100 more liquid listed firms in share trading at BM&FBOVESPA during the period of 2010 to 2012, for 296 sample observations. Data was obtained from the Reference Forms of Brazilian SEC (Comissão de Valores Mobiliários — CVM) and from Economática® as well from Thomson Reuters®. Eight hypotheses were tested as well as OLS regression models with unbalanced panel data, using the total compensation as the dependent variable and, for independent variables, variables concerning performance, firm value, size, ownership structure, corporate governance and control variables as well. To verify the factors that explain the usage of stock options and bonus programs, logit models were used. The results show that, in the selected sample, the greater the company size, board and firm value, the greater will be the manager compensation. Some industries like mining, chemistry, oil and gas, also plays a positive influence on manager compensation. Further, there is inverse relationship between total manager compensation and ownership concentration, the public rights of control and the governance classification set by BM&FBOVESPA. A greater firm value influences the utilization of stock options, as well as the use of bonus, being this impacted by grater firm performance. There were also robust check tests estimated by random effects, clustered standard-errors, dynamic models but the results remained the same. Therefore that the executive compensation is related with the corporate value, creating wealth to the shareholders; but the lack of relation with operational performance suggests failures on the compensation system which still depends on greater transparency and other governance mechanisms to align the interests of CEOs and shareholders.

Submitted by Maykon Nascimento (maykon.albani@hotmail.com) on 2015-02-24T19:43:31Z No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Felipe Maya Lirio.pdf: 693849 bytes, checksum: 1d045322c3399cc2264c508c2b286f80 (MD5) / Approved for entry into archive by Elizabete Silva (elizabete.silva@ufes.br) on 2015-02-26T18:30:35Z (GMT) No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Felipe Maya Lirio.pdf: 693849 bytes, checksum: 1d045322c3399cc2264c508c2b286f80 (MD5) / Made available in DSpace on 2015-02-26T18:30:35Z (GMT). No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Felipe Maya Lirio.pdf: 693849 bytes, checksum: 1d045322c3399cc2264c508c2b286f80 (MD5) Previous issue date: 2015-02-24 / O trabalho teve por objetivo verificar a influência da presença dos acordos de acionistas na qualidade das informações contábeis divulgadas pelas empresas listadas na BM&FBOVESPA, do ano de 2001 a 2011. Para inferir a respeito da qualidade das informações contábeis foram utilizadas as métricas de informatividade e value relevance. Foram analisados em separado: os acordos de comando (utilizados para garantir o controle) dos acordos de defesa (utilizados para garantir o acesso a determinados direitos através do alcance de um percentual mínimo de capital votante). A amostra teve como critério de corte o mínimo de 0,001 de liquidez na BM&FBOVESPA. Foi utilizada regressão linear múltipla com dados em painel desequilibrado, tendo como variáveis de controle: concentração de votos, tamanho, endividamento, market-to-book e perdas. Com base nos efeitos cumprimento e monitoramento, com a utilização da metodologia proposta, o trabalho aponta que empresas com qualquer um dos tipos de acordo entre acionistas possuem maior qualidade das informações contábeis divulgadas. / The goal of the thesis is to assess the influence of shareholders’ agreement in the quality of bookkeeping information released by the companies listed on BM&FBOVESPA, from 2001 to 2011. In order to infer about the quality of the bookkeeping information, informativeness metrics and value relevance were used. The command agreement (used to guarantee the control) of the defense agreements (used to guarantee the access to certain rights by reaching a minimal percentage of voting capital). The sample had as cutting criterion the minimum of 0.001 liquidity in BM&FBOVESPA. The multiple linear regression with unbalanced panel data was used, having as control variables: concentration of votes, size, debt incurring, market-to-book and losses. Based on achievement and monitoring effects, using the methodology proposed, the study shows that companies with any kind of agreements among shareholders have more quality of the released bookkeeping profits.

Submitted by Maykon Nascimento (maykon.albani@hotmail.com) on 2015-03-04T19:05:55Z No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Lorena Lucena Furtado.pdf: 10214231 bytes, checksum: a1d621c98db32ef6dbbf9d410639b669 (MD5) / Approved for entry into archive by Elizabete Silva (elizabete.silva@ufes.br) on 2015-03-05T20:55:08Z (GMT) No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Lorena Lucena Furtado.pdf: 10214231 bytes, checksum: a1d621c98db32ef6dbbf9d410639b669 (MD5) / Made available in DSpace on 2015-03-05T20:55:08Z (GMT). No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Lorena Lucena Furtado.pdf: 10214231 bytes, checksum: a1d621c98db32ef6dbbf9d410639b669 (MD5) Previous issue date: 2015-03-04 / Item withdrawn by Miguel Oliveira (miguel.b.oliveira@ufes.br) on 2017-09-20T21:57:40Z Item was in collections: PPGE - Dissertações de mestrado (ID: 443) No. of bitstreams: 2 Dissertação Lorena Lucena Furtado.pdf: 10214231 bytes, checksum: a1d621c98db32ef6dbbf9d410639b669 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Item reinstated by Morgana Andrade (morgana.andrade@ufes.br) on 2018-01-29T11:45:19Z Item was in collections: PPGE - Dissertações de mestrado (ID: 443) No. of bitstreams: 2 Dissertação Lorena Lucena Furtado.pdf: 10214231 bytes, checksum: a1d621c98db32ef6dbbf9d410639b669 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Este trabalho tem por objetivo identificar a eficiência técnica e as mudanças quanto à produtividade dos Institutos Federais de Educação, Ciência e Tecnologia (IF) no período de 2012 e 2013, perfazendo uma amostra formada por 19 unidades. Paralelamente a isso, procedeu-se a uma análise sobre a expansão da Rede Federal e os gastos correntes por aluno envolvido no processo de interiorização do ensino profissional e tecnológico. Como vertente teórica, discutiu-se a teoria do capital humano (SCHULTZ, 1960, 1961, 1962; BECKER, 1960; MINCER, 1958) junto às formas de investimentos em educação no Brasil e a sua política de prestação de contas. Para operacionalizar a pesquisa, verificou-se a eficiência técnica por meio da metodologia Análise Envoltória de Dados (DEA) utilizando os indicadores elaborados pela Secretaria de Educação Profissional e Tecnológica (SETEC) instituídos pelo Tribunal de Contas da União (TCU) e apresentados anualmente no Relatório de Prestação de Contas Anual. O resultado referente à eficiência demonstra que apenas 31% dos institutos federais analisados atingiram o escore de eficiência em 2012 e também em 2013. Porém, quando analisada a produtividade através do tempo com o Índice de Malmquist, é possível notar que 63% dos institutos federais estão se deslocando para a fronteira de eficiência demonstrando aumento do produto educação dentro das unidades. Adicionalmente, com o teste de diferença de médias (teste t), ocorreram evidências de que os institutos federais considerados eficientes apresentaram melhores resultados médios de concluintes e menores gastos correntes por aluno matriculado indicando que a obtenção do resultado pode não estar condicionada a maiores dispêndios financeiros. / This study aims to identify the technical efficiency and productivity change as the Federal Education, Science and Technology (IF), covering the period 2012 to 2013 total sample consists of 19 units. Parallel to this, we performed an analysis of the expansion of the Federal Networking and current spending by students involved in the internalization of professional and technological education process. As a theoretical aspect, discussed the human capital theory (SCHULTZ, 1960, 1961, 1962; BECKER, 1960; MINCER, 1958), with the forms of investment in education in Brazil and its political accountability. To operationalize the research verified the technical efficiency through the methodology of data envelopment analysis (DEA) using indicators developed by the Secretary for Vocational and Technical Education (SETEC) established by the Court of Accounts (TCU) and presented annually in the Report provision of Annual Accounts. The results relative efficiency demonstrates that only 31% of the Federal Institutes analyzed the efficiency score attained in the year 2012 and also in 2013. However, when analyzed productivity through time with the Malmquist Index, you can see that 63% of the Federal Institutes are moving along to the efficiency frontier showing increasing product education within the units. Additionally, with the mean comparison test (z test), evidence that the Federal Institutes considered effective exhibited better average scores of graduates and lower expenses for current students enrolled indicating that the result set can not be conditioned to higher expenditures were found financial.

Submitted by Maykon Nascimento (maykon.albani@hotmail.com) on 2015-03-02T19:14:36Z No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Ricardo dos Santos.pdf: 849191 bytes, checksum: 6b7ff768a31fcbd40a6b330171bf102a (MD5) / Approved for entry into archive by Elizabete Silva (elizabete.silva@ufes.br) on 2015-03-06T19:11:13Z (GMT) No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Ricardo dos Santos.pdf: 849191 bytes, checksum: 6b7ff768a31fcbd40a6b330171bf102a (MD5) / Made available in DSpace on 2015-03-06T19:11:13Z (GMT). No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Dissertação Ricardo dos Santos.pdf: 849191 bytes, checksum: 6b7ff768a31fcbd40a6b330171bf102a (MD5) Previous issue date: 2015-03-02 / O estudo tem por objetivo avaliar os fatores que possam explicar a captação de recursos (fundraising) dos fundos de Private Equity e Venture Capital (PE/VC). Em linhas gerais, a proposta é averiguar empiricamente quais são os fatores que impactam na captação de recursos pelos fundos de PE/VC. A amostra foi formada por 25 países e em um espaço temporal de 6 anos (2006-2011). Foram identificados seis fatores: atividade econômica, desenvolvimento do mercado de capitais, governança corporativa, desenvolvimento socioambiental, empreendedorismo e tributação. Assim, construiu-se através de Análise Fatorial seis fatores que foram compostos por 26 variáveis. Por meio de regressão múltipla foram investigadas as relações entre a captação de recursos por parte dos fundos PE/VC e os fatores gerados. Os resultados demonstraram que apesar dos fatores testados serem significativos, a captação dos recursos é fortemente influenciada pelo nível de desenvolvimento do mercado de capitais. Os resultados aqui encontrados se tornam relevantes, pois discutem uma realidade crescente tanto no Brasil quanto no mundo, visto que o mercado de PE/VC solidifica-se como alternativa de captação de recursos. / This study aims to evaluate the factors that might explain the fundraising of Private Equity and Venture Capital funds (PE/VC). Generally, the proposal is to investigate empirically what are the factors that impact on fundraising of PE/VC funds. The sample was composed of 25 countries and a timeline of 6 years (2006-2011). Six factors were identified: Economic Activity, Development of Stock Markets, Corporate Governance, Social-environmental Development, Entrepreneurship and Taxation. I constructed through factor analysis six factors that were composed of 26 variables. Through multiple regression were investigated relationships between fundraising of PE/VC funds and the factors generated. The results showed that despite the significant factors being tested, the uptake of resources is strongly influenced by the level of development of the stock market. The findings become relevant because argue a growing reality in Brazil and the world, since the market for PE/VC solidifies itself as an alternative of fundraising.