https://repositorio.ufba.br/handle/ri/1205 2026-05-06T23:36:57Z 2026-05-06T23:36:57Z Silva, Mateus Barreto Vieira da https://repositorio.ufba.br/handle/ri/44452 2026-05-05T12:48:28Z 2026-01-19T00:00:00Z

Título: Os investidores brasileiros reagem de maneira distinta às interrupções de projetos ESG em comparação às interrupções de projetos gerais do negócio? Autor(es): Silva, Mateus Barreto Vieira da Primeiro Orientador: Pereira, Antonio Gualberto Abstract: Introduction: Environmental, Social and Governance (ESG) practices have gained a prominent role in investment decisions and in the evaluation of firms by different stakeholders. Although the literature has investigated the effects of adopting these practices, there is still limited evidence on how investors react when ESG initiatives are discontinued. Studies that examine this phenomenon through experimental designs are even scarcer, especially in developing countries, which are characterized by higher market volatility, distinct institutional structures, and less mature capital markets. In this context, the following research question emerges: how do investors react to the interruption of ESG projects compared to the interruption of general business projects, considering the life cycle of the initiatives? Aim: To investigate, through an experimental design, investors’ reactions to the interruption of ESG projects compared to the interruption of general business projects, considering the life cycle of both initiatives. Methodology: The study adopted a 2 × 2 experimental design applied to an initial population of 231 participants classified as investors, consisting of graduate students (lato sensu and stricto sensu) and members of Finance Leagues from universities located in three Brazilian states (Bahia, São Paulo, and Sergipe). After exclusions due to not qualifying as investors or not understanding the experiment, the final sample consisted of 162 participants. The analyses included mean comparison tests, ANOVA, multiple regressions, and tests with moderating variables, aiming to identify the effects of the market, customers, and workers on investors’ reactions. Results: The results indicated that investors react more positively to the launch of conventional business initiatives, possibly because they associate these initiatives with increased financial performance and shareholder returns. Regarding interruptions, the findings show that the discontinuation of ESG projects generates a more negative reaction than the discontinuation of traditional initiatives, suggesting that investors interpret the decision as a waste of resources and as a negative signal to the market and other stakeholders. Furthermore, the interruption may be perceived as a breach of a previously assumed socio-environmental commitment, which triggers ethical and moral judgments. Contributions: The findings contribute to the advancement of the literature on behavioral finance, ESG, and decisionmaking, while also offering practical implications for organizations seeking to align sustainability with value creation. Moreover, the results clarify how distinct types of initiatives are perceived by investors, providing insights for companies, regulators, and policymakers regarding the disclosure and management of socio-environmental practices. Editora / Evento / Instituição: Universidade Federal da Bahia Tipo: Dissertação

2026-01-19T00:00:00Z Rodrigues, Jadilson Ramos dos Santos https://repositorio.ufba.br/handle/ri/44448 2026-05-04T14:52:05Z 0031-03-01T00:00:00Z

Título: Governança e Controladoria Pública Municipal na Bahia: proposição de um modelo conceitual baseado em evidências dos pareceres prévios e no referencial da Controladoria Geral da União Autor(es): Rodrigues, Jadilson Ramos dos Santos Primeiro Orientador: Dias Filho, José Maria Abstract: This dissertation analyzes the role of municipal controllership units in the State of Bahia based on the results of the judgments of public accounts. The study aims to examine the relationship between characteristics of municipal controllership units, socioeconomic indicators of identity territories, gender of the controller, and accounting outcomes, as well as to propose a controllership model for municipalities in Bahia. This is an applied research, with a quantitative approach, descriptive and explanatory objectives, conducted through documentary and ex-post-facto procedures. It uses descriptive statistics, nonparametric tests, Spearman’s correlation, and logistic regression as data analysis techniques. The research universe comprises 1,987 municipal public accounts judged between 2017 and 2021, with the municipalities of the State of Bahia as the locus. The results show weaknesses in municipal public management, concentration of irregularities in accounting, fiscal, and budgetary aspects, predominance of the audit function, and absence of records related to correction and ombudsman functions. Associations are observed between controllership structure, socioeconomic indicators, gender of the controller, and occurrence of irregularities. It is concluded that there is a need to strengthen internal control in municipalities, and a controllership model is proposed, structured in the functions of audit, prevention, correction, and ombudsman, oriented toward improving governance, transparency, and effectiveness in public management. Editora / Evento / Instituição: Universidade Federal da Bahia Tipo: Dissertação

0031-03-01T00:00:00Z Silva, Ana Paula Trocoli da https://repositorio.ufba.br/handle/ri/44169 2026-03-16T15:24:05Z 2025-12-19T00:00:00Z

Título: A relação entre o nível de escolaridade dos contadores e a qualidade da informação contábil: um estudo nas universidades e institutos federais Autor(es): Silva, Ana Paula Trocoli da Primeiro Orientador: Freitas, Sheizi Calheira de Abstract: The quality of accounting information is understood as a set of attributes, notably the estimation of accruals, which reflect the ability of financial statements to faithfully represent the budgetary and patrimonial performance of public institutions. Outstanding Payables constitute a type of budgetary accrual, corresponding to committed expenditures that may be carried forward to the following fiscal year when not settled, whose management involves varying degrees of discretion. General accountants, by supporting the administration with analyses grounded in regulatory knowledge and accounting evidence, can contribute to the reduction of informational asymmetries, thereby increasing the quality of accounting information.This study aimed to verify whether there is a correlation between the educational level of general accountants of Federal Universities and Institutes and the quality of accounting information, measured by Discretionary Budgetary Accruals (DOA). To achieve this purpose, a descriptive and predominantly quantitative study was conducted, based on data collected through a questionnaire applied to 78 general accountants of the Federal Education Network, complemented by information extracted from financial statements and from the Federal Government’s Integrated System of Financial Administration (SIAFI), which were processed using multiple linear regression. The regression results indicate that the level of education is significantly associated with DOA, showing that professionals with a master’s degree and a second undergraduate degree present a relationship with the reduction of discretionary accruals, suggesting higher accounting quality. These findings reinforce the assumptions of Human Capital Theory and suggest that academic education is associated with greater informational accuracy and the improvement of public management. The analysis, carried out using data from the Federal Education Network as the sample, adds to the literature empirical evidence that may assist managers of public entities in supporting the choice of the professional who will occupy the position of chief accountant, as well as in supporting potential decisions related to the training of public servants. These aspects may, indirectly, contribute to management efficiency and benefit society by seeking to improve the quality of accountability of public education institutions. Editora / Evento / Instituição: Universidade Federal da Bahia Tipo: Dissertação

2025-12-19T00:00:00Z Anjos, Silvestre Gomes https://repositorio.ufba.br/handle/ri/42576 2025-07-24T11:40:59Z 2025-05-16T00:00:00Z

Título: Relação entre lucros contábeis agregados e o poder preditivo sobre as projeções do PIB brasileiro Autor(es): Anjos, Silvestre Gomes Primeiro Orientador: Pereira, Antonio Gualberto Abstract: The study sought to verify whether the use of aggregate profits from the financial statements of publicly traded Brazilian companies has a significant influence on the macroeconomic forecast for Brazil's Gross Domestic Product (GDP). To this end, using mathematical and statistical methods, we investigated whether analyzing the trajectory of the historical series of accounting profits of Brazilian companies, obtained in aggregate form, from 2016 onwards, has significant predictive power over the progress of quarterly GDP, considering the use of the econometric tool of dynamic regression. The initial hypothesis was confirmed in the sense that there is a significant effect of accounting events, specifically the aggregate nominal profits of companies listed on B3, which can serve as an important forecasting factor, helping to better understand the behavior of the national GDP growth projections actually measured. The robustness tests indicated that the aggregate Current Assets are useful for forecasting GDP, while the aggregate Total Liabilities and Net Revenues of the B3 companies did not prove to be suitable for the macroeconomic methodology used. The findings of this research contribute to academic development by broadening the understanding of the use of aggregate accounting variables as macroeconomic indicators, enriching the theoretical field by proposing new methodological approaches to GDP forecasting. This study fills a gap in the national literature by exploring the predictive potential of accounting information, such as profits and cash and cash equivalents, in macroeconomic contexts. In practical terms, the results have relevant applicability for various stakeholders. Governments and public policy makers can use these variables as additional tools for economic projections and strategic planning. Investors and financial analysts can use this information to improve the allocation of resources in national and international markets, considering the relationship between aggregate corporate profits and national economic performance. The study thus offers useful insights for improving forecasting strategies and decision-making in different spheres. Editora / Evento / Instituição: Universidade Federal da Bahia Tipo: Dissertação

2025-05-16T00:00:00Z