[No Title Available]

Abstract

As usual, there are six articles in this issue. All of them were originally submitted and reviewed during the editorship of my predecessor, Rogério Quintella, and I now have the pleasure to publish them. Three of the articles are about finance-related topics, one about public management, one about the relationship between culture and management practices, and one about strategy creation and social meanings. The paper by Antonio Martinez and Miguel Castro (The Smoothing Hypothesis, Stock Returns and Risk in Brazil) investigates the long-term relationship between income smoothing and stock return and risk. Findings indicate that Brazilian smoothers have higher abnormal annualized returns and a smaller degree of systemic risk than non-smoothers. The authors argue that knowing that there is a relationship between smoothing and stock prices can help improve the allocation of resources and portfolio investment decisions.