In this study we evaluated the effect of national culture on the relationship between IFRS adoption and the cost of equity capital in 2,692 large firms from 31 countries, covering the period 2002–2007. National culture was proxied by six dimensions: power distance, uncertainty avoidance, individualism, masculinity, long-term orientation, and indulgence. IFRS reduced the cost of equity capital when national culture was not included in the regression, and when power distance was included. Cost of equity capital was low in countries with high levels of uncertainty avoidance and indulgence. Our main finding is that the cost of equity capital tends to be low in countries with IFRS and long-term orientation. The fact that IFRS-related benefits (such as improved information quality and reduced cost of equity capital) may be compromised by components of national culture should be taken into account by investors and analysts in their forecasts and investment decisions.
RESUMOCom o desenvolvimento tecnológico, a utilização de softwares para simular sistemas tornou-se cada vez mais comum dentro da Engenharia. Muitas vezes o estudo e resolução de problemas em qualquer área das engenharias não é um trabalho muito simples uma vez que a modelagem e caracterização de processos torna-se uma tarefa complexa de acordo com o nível de detalhamento requerido. Dessa forma, o objetivo deste trabalho é o desenvolvimento de códigos computacionais a partir do software livre Scilab para a determinação dos parâmetros cinéticos de reações químicas não reversíveis. Os códigos fornecem os resultados de acordo com o método de determinação de parâmetros cinéticos escolhido pelo usuário, dentre eles estão o Método Integral, Método Diferencial, Método dos Pontos Igualmente Espaçados, Método das Taxas Iniciais e Método dos Mínimos Quadrados. Os códigos apresentam uma interface interativa com o usuário, não necessitando assim, nenhum tipo de programação prévia. Os dados devem sem inseridos de acordo com a necessidade requerida de cada método e fica a critério do usuário a unidade a ser arbitrada. Os códigos podem ser usados como ferramenta de estudo da disciplina e tem como finalidade despertar o senso crítico dos usuários perante a uma variação sistêmica de um processo, e eles podem ser obtidos realizando o download através do site criado para este fim, disponível em:< https://crsolve.wixsite.com/solve>. PALAVRAS-CHAVE: Cinética química, parâmetros cinéticos, simulação. ABSTRACTWith the advancement of technology, the use of software to simulate systems has become more and more common inside the engineering. Many times, the study and problem solving of any field of engineering isn't an easy job to be done, since process modelling and characterization is a complex task depending on the level of detail required. Hence, the objective of this paper is the computational aided code
This paper aims to study the influence of Corporate Governance practices in the institutional decision to invest. It was developed a Governance Index (iGov), a descending rank was prepared and a test was applied to check if the companies in the first 25% of this rank have the highest number of institutional investors among their biggest investors than the companies of the last 25%. For the validation of IGov it was tested if the companies with the best marks present highest Returns, lowest Capital Cost, highest Market Value, and highest Competiveness within the sector, lowest Beta, highest EVA® and lowest Share concentration. It has been proved that the best Corporate Governance practices do not have any statistical relation with the presence of more Institutional Investor.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.