As the process of financial market integration has intensified, capital mobility has become necessary for markets that have made it possible for investors to see increasing returns associated with lower risks. This study proposes to investigate the increase of foreign investments in the stock exchange after the adoption of the IFRS, in order to know if this adoption had an impact on foreign investments, as well as to identify if there was an increase of new foreign investors after the adoption, to analyze factors that led Brazil to adopt it, to verify if there was variation of the foreign investments in the period of crisis and to characterize foreign and national investments in the diverse markets of the Brazilian stock exchange. The methodology is empirical-analytical, aiming to gather information on the history of foreign and domestic investments and to compare the flow of capital before and after the standardization of IFRS standards. The sample is composed of variables on the volume of foreign and domestic investments on the Brazilian stock exchange in the periods 2004-2009 (before the adoption of IFRS) and 2010-2017 (after the adoption of IFRS). In order to estimate the increase in foreign investments, the Student t-test is used, which uses statistical concepts to reject or not a null hypothesis and is applied whenever one intends to compare the means of a variable. The results show that foreign investments, which were 33% before IFRS, were 44%. It was concluded that the adoption of the IFRS standards provoked an increase in foreign investments, contributing to the country's economy.
This article has as main objective to analyze the Corporate Governance (CG) as a determinant of performance for the 27 Financial Institutions listed on the banking segment of Brasil, Bolsa, Balcão (B3) in 2018. Finding out, if these corporations obtained better indicators of profitability, liquidity and market by the fact of being members of the special levels of Corporate Governance (Level 1, Level 2 and New Market). According to Fernandes, Dias and Cunha (2010), and Vinhado (2010), the CG would diminish the agency conflicts that are maximized by the extra risk presented on this segment, and it would also increase their performances seeing the special levels are more burocratic. For analysis, the information were collected through the Balance Sheet, Income Statement, Cash Flow Statement and Explanatory Notes, from 2010 to 2017. All indicators were calculated and classified in two different groups: one with special Corporate Governance, and the other one without it. The hypothesis were tested using the t-Student test, checking if there is difference between the means of the two groups, in a confidence level of 95%. The results refused the hypothesis of that belonging to a Corporate Governance special level guarantees better liquidity and profitability indicators, with the exception of the Profit margin that is higher on this case. However, it was confirmed that companies in the CG special levels have better EBITDA. Therefore, it is concluded that financial and economic results of banking operations are not positively impacted by CG, as opposed to market performance.
Financial education is a process in which people can improve and develop necessary knowledge that will contribute to better decision making. This study analyzes if the level of knowledge acquired by the undergraduate students, throughout the course, make them better decisions-makers, concerning financial investments. Also, if the students of Accounting and Business are more assertive in their choices, besides testing variable such as gender, age, income and marital status. To test the hypothesis raised, a questionnaire was applied in a sample of 50% of the population of a faculty of Divinopolis, corresponding to 395 students. The results are categorized and demonstrate that the fact that the students are in the first or last terms, the faculty and the variables chosen have no influence on the level of financial knowledge or the assertiveness of the investment choices.
O nível de conhecimento e aplicação do planejamento tributário pelos profissionais contábeis da cidade de Nova Serrana -MG ResumoDiante do atual cenário mercadológico e com a competitividade cada vez mais acirrada, é fundamental que as empresas conheçam sua saúde econômica e financeira. Para isso, suas metas devem estar alinhadas em reduzir desperdícios, aumentar a produtividade e rentabilidade, e por consequência, melhorar as condições da empresa como um todo. Dessa forma, com a alta carga tributária do Brasil, faz-se necessário a aplicação do Planejamento Tributário, que deve ser desenvolvido por um profissional qualificado. Este estudo tem como objetivo analisar o nível de conhecimento e aplicação do planejamento tributário pelos profissionais contábeis. Para testar as hipóteses abordadas, foi aplicado um questionário em uma amostra de 25% da população de contadores atuantes no ramo calçadista da cidade de Nova Serrana -MG, onde o conteúdo abordado para estudo tratou de quesitos relacionados ao Planejamento Tributário. Concluímos que, apesar dos profissionais contábeis conhecerem muitas das ferramentasResearch, Society and Development, v. 9, n. 2, e195922228, 2020 (CC BY 4.0) | ISSN 2525-3409 | DOI: http://dx.doi.org/10.33448/rsd-v9i2.2228 necessárias ao desenvolvimento e aplicação de um planejamento tributário eficiente, estes profissionais optam por utilizar apenas as ferramentas básicas, deixando de aplicar ferramentas mais complexas. AbstractGiven the current market scenario and increasingly fierce competitiveness, it is essential that companies know their economic and financial health. For such, their goals must be aligned with reducing waste, increasing productivity and profitability, and hence, improving the company conditions as a whole. Thus, with the high tax burden in Brazil, it is necessary the use of Tax Planning, which must be developed by a qualified professional. This study aims to analyze the level of knowledge and application of tax planning by accounting professionals. To test the hypotheses herein addressed, we applied a questionnaire to a sample of 25% of the population of accountants working in the footwear industry of Nova Serrana -MG, where the content addressed questions related to Tax Planning. We conclude that although accounting professionals know many of the tools needed to develop and apply efficient tax planning, such professionals choose to use only basic tools, not applying the more complex ones. Keyword: Tax planning; Tax burden; Accountants; Knowledge. ResumenDado el escenario actual del mercado y la competitividad cada vez más feroz, es esencial que las empresas conozcan su salud económica y financiera. Para lograr esto, sus objetivos deben estar alineados con la reducción del desperdicio, el aumento de la productividad y la rentabilidad y, en consecuencia, la mejora de las condiciones de la empresa en su conjunto. Por lo tanto, con la alta carga tributaria en Brasil, es necesario aplicar la Planificación Fiscal, que debe ser desarrollada por un profesional calificado. Este ...
This research presents as theme the profitability of the companies listed in the ISE - Corporate Sustainability Index. The general objective is to investigate whether the companies that are part of the ISE portfolio of the clothing, telephony and food industry segments in the years 2015 to 2017 presented a return and financial security for the shareholders. As for the methodology, this is a quantitative, documental and exploratory descriptive research. The data that compose the sample of this present research were collected through the financial statements of 19 companies listed in B3 for the years 2017, 2016 and 2015. The liquidity, indebtedness and economic indices are calculated to investigate whether companies classified in ISE economic and financial performance. To test whether the ISE component companies are more profitable, less indebted and have a better financial situation, the T-Student test is used. In the analyzes referring to the financial security indicators, it is stated that the companies participating in the ISE have a greater capacity to honor their commitments with or without dependence on their inventory, but in the analysis of dry liquidity under the standardized criteria of significance level, the averages are the same. In relation to the level of indebtedness, listed companies have a greater record of short-term debt and, on the other hand, non-ISE companies are more dependent on third-party capital. However, the study evidences a higher profitability of the companies included in the ISE portfolio and proves the viability for shareholders to invest in companies that are classified by the ISE.Incluir o resumo em inglês.
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