cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.14326753.v1
title: Risk measures and the risk-return paradox: an analysis in the context of the economic crisis

description: Abstract Purpose: The purpose of this study is to analyze, in the context of the last economic crisis, the prediction capacity of the different risk measures and the relationship between risk and return. Design/methodology/approach: We selected three risk measures constructed using annual accounting data obtained from Spanish companies. A logistic regression was then developed to verify whether the companies’ predictions were eventually correct, considering those companies that were able to survive the crisis. A multiple linear regression was subsequently employed in order to review Bowman’s paradox, that is, in the risk-return relationship. Findings: The research results support the two hypotheses formulated: 1) variability measures of risk have a greater predictive power than that of downside risk measures; 2) the risk-return paradox is more likely to exist in the more uncertain environment of a pre-crisis period of time. Originality/value: Managers could employ the frameworks developed in this study as important diagnostic tools in order to attain advance warning of whether an organization may be close to failure. An analysis of this nature would then allow a firm to take appropriate action to arrest the process.
DOI: 10.6084/m9.figshare.14326754.v1
title: The Accountant’s Perception of the Usefulness of Financial Information in Decision Making - A Study in Portugal

description: Abstract Purpose: This paper aims to analyse the factors that make Financial Information (FI) useful for decision making processes, from the perspective of Certified Accountants (CAs). Design/methodology/approach: Following a quantitative methodological approach, a survey was applied to a sample of 157 CAs to empirically test the conceptual model. Findings: The study finds that managers of larger and older firms, with better performance and with more complete Financial Statements (FSs) attribute greater usefulness to FI in decision making. The results also show that managers who are not the owner, who have academic qualifications at the higher education level, and have management skills attribute greater usefulness to FI in decision making. Originality/value: The results of the study will guide accounting professionals in relation to the FI to be prepared within the scope of their duties, taking into account the characteristics of the company and the manager.
DOI: 10.6084/m9.figshare.14326754
title: The Accountant’s Perception of the Usefulness of Financial Information in Decision Making - A Study in Portugal

description: Abstract Purpose: This paper aims to analyse the factors that make Financial Information (FI) useful for decision making processes, from the perspective of Certified Accountants (CAs). Design/methodology/approach: Following a quantitative methodological approach, a survey was applied to a sample of 157 CAs to empirically test the conceptual model. Findings: The study finds that managers of larger and older firms, with better performance and with more complete Financial Statements (FSs) attribute greater usefulness to FI in decision making. The results also show that managers who are not the owner, who have academic qualifications at the higher education level, and have management skills attribute greater usefulness to FI in decision making. Originality/value: The results of the study will guide accounting professionals in relation to the FI to be prepared within the scope of their duties, taking into account the characteristics of the company and the manager.
DOI: 10.6084/m9.figshare.14326756
title: On the Path to Innovation: Analysis of Accounting Companies› Innovation Capabilities in Digital Technologies

description: Abstract Purpose: This article examines the innovation capability of accounting firms in the Brazilian market, in their use of digital technologies, based on technology development, operation, management, and transaction capabilities. Design/methodology/approach: We carried out interviews with the main managers of the companies and collected institutional documents and external documents on the national and international context of accounting business innovation. Findings: Accounting has begun on the traditional path towards digital innovation, demonstrating the quality and value that technology-related solutions can generate when exploited in business and especially in processes. This increase in technology causes changes in accounting business models. Originality/value: The paper contributes to the theoretical body of work on innovation and accounting, identifying that this area is on the way towards innovation by using new technologies in the creation of operations and transaction management. It is clear that the process of innovation and digital transformation already presents a real challenge to be managed.
DOI: 10.6084/m9.figshare.14326756.v1
title: On the Path to Innovation: Analysis of Accounting Companies› Innovation Capabilities in Digital Technologies

description: Abstract Purpose: This article examines the innovation capability of accounting firms in the Brazilian market, in their use of digital technologies, based on technology development, operation, management, and transaction capabilities. Design/methodology/approach: We carried out interviews with the main managers of the companies and collected institutional documents and external documents on the national and international context of accounting business innovation. Findings: Accounting has begun on the traditional path towards digital innovation, demonstrating the quality and value that technology-related solutions can generate when exploited in business and especially in processes. This increase in technology causes changes in accounting business models. Originality/value: The paper contributes to the theoretical body of work on innovation and accounting, identifying that this area is on the way towards innovation by using new technologies in the creation of operations and transaction management. It is clear that the process of innovation and digital transformation already presents a real challenge to be managed.
DOI: 10.6084/m9.figshare.14326757
title: The effect of communication on the legitimacy and performance of organizations

description: Abstract Purpose: The aim of the investigation is to examine the effect of communication on the legitimacy and performance of organizations. The research framework was built based on Institutional Theory. Design/methodology/approach: The data were collected from 613 surveys of patients and health personnel of public hospitals in Madrid (Spain) and analyzed through partial least squares structural equation modeling (PLS-SEM). The questionnaires were anonymous. No identification data or biomedical data were requested. Findings: The results confirm the existence of a positive effect between communication and organizational legitimacy. They also indicate that the effect produced by communication on organizational performance is considerably greater than that produced by organizational legitimacy. The findings provide new knowledge on communication as an antecedent of organizational legitimacy. From a practical point of view, the research provides ideas on how hospital managers can improve their performance through communication management and organizational legitimacy. Originality/value: New evidence of the effects of communication on the legitimacy and performance of organizations is provided. The effect and the predictive relevance of legitimacy in relation on the performance of organizations are also identified.
DOI: 10.6084/m9.figshare.14326757.v1
title: The effect of communication on the legitimacy and performance of organizations

description: Abstract Purpose: The aim of the investigation is to examine the effect of communication on the legitimacy and performance of organizations. The research framework was built based on Institutional Theory. Design/methodology/approach: The data were collected from 613 surveys of patients and health personnel of public hospitals in Madrid (Spain) and analyzed through partial least squares structural equation modeling (PLS-SEM). The questionnaires were anonymous. No identification data or biomedical data were requested. Findings: The results confirm the existence of a positive effect between communication and organizational legitimacy. They also indicate that the effect produced by communication on organizational performance is considerably greater than that produced by organizational legitimacy. The findings provide new knowledge on communication as an antecedent of organizational legitimacy. From a practical point of view, the research provides ideas on how hospital managers can improve their performance through communication management and organizational legitimacy. Originality/value: New evidence of the effects of communication on the legitimacy and performance of organizations is provided. The effect and the predictive relevance of legitimacy in relation on the performance of organizations are also identified.
DOI: 10.6084/m9.figshare.14326808
title: The Influence of Board Structure and Ownership Concentration on GRI Reporting

description: Abstract Purpose: The purpose of this paper is to investigate the relationship between corporate governance structure and GRI reporting. More specifically, the study seeks to analyse board independence, board size and ownership concentration and their relationships with GRI reporting. Design/methodology/approach: The hypotheses of the study were tested in a sample of 287 Brazilian companies listed on the B3, the Brazilian stock exchange, using logistic regression models. Data from 2013 were collected from the Econoinfo and GRI databases. Findings: The findings show that there is a positive relationship between both board independence and GRI reporting and board size and GRI reporting, and a neutral relationship between ownership concentration and GRI reporting. These results indicate that the corporate governance structure influences a company’s decision to engage in social issue and stakeholders’ relationship activities. Originality/value: The contribution of this study is it presents theoretical arguments and empirical evidence regarding the influence of corporate governance structure on CSD beyond the Anglo-Saxon context. The results show that good corporate governance practices cannot be generalized to different contexts.
DOI: 10.6084/m9.figshare.14326808.v1
title: The Influence of Board Structure and Ownership Concentration on GRI Reporting

description: Abstract Purpose: The purpose of this paper is to investigate the relationship between corporate governance structure and GRI reporting. More specifically, the study seeks to analyse board independence, board size and ownership concentration and their relationships with GRI reporting. Design/methodology/approach: The hypotheses of the study were tested in a sample of 287 Brazilian companies listed on the B3, the Brazilian stock exchange, using logistic regression models. Data from 2013 were collected from the Econoinfo and GRI databases. Findings: The findings show that there is a positive relationship between both board independence and GRI reporting and board size and GRI reporting, and a neutral relationship between ownership concentration and GRI reporting. These results indicate that the corporate governance structure influences a company’s decision to engage in social issue and stakeholders’ relationship activities. Originality/value: The contribution of this study is it presents theoretical arguments and empirical evidence regarding the influence of corporate governance structure on CSD beyond the Anglo-Saxon context. The results show that good corporate governance practices cannot be generalized to different contexts.
DOI: 10.6084/m9.figshare.14326810
title: Perceptions of organizational justice in incentive contracts and their effect on congruence between personal and organizational goals

description: Abstract Purpose: This research aims to verify if perceptions of organizational justice in incentive contracts have a positive effect on the congruence between personal and organizational objectives in companies with decentralized structures. Design/methodology/approach: The research is quantitative. We used a questionnaire as the form of data collection. The instrument consists of 39 statements to test the theoretical hypotheses through structural equation modeling. The accessibility sample consisted of 140 managers of Brazilian companies. Findings: The results indicate that: (a) multiple performance measures increase the perception of distributive and procedural justice; (b) quality feedback leads to the understanding that incentive contracts are fair; (c) disregarding uncontrollable aspects by managers in performance evaluations does not lead to the perception of procedural and distributive justice; (d) perceptions of organizational justice have a positive effect on the congruence between personal and organizational goals. Originality/value: In addition to contributing to the advancement of knowledge in the managerial area, the findings of this research may support policies for the formulation of incentive contracts in Brazilian companies with decentralized structures, and this aspect represents a business and practical contribution for company managers and owners.
DOI: 10.6084/m9.figshare.14326810.v1
title: Perceptions of organizational justice in incentive contracts and their effect on congruence between personal and organizational goals

description: Abstract Purpose: This research aims to verify if perceptions of organizational justice in incentive contracts have a positive effect on the congruence between personal and organizational objectives in companies with decentralized structures. Design/methodology/approach: The research is quantitative. We used a questionnaire as the form of data collection. The instrument consists of 39 statements to test the theoretical hypotheses through structural equation modeling. The accessibility sample consisted of 140 managers of Brazilian companies. Findings: The results indicate that: (a) multiple performance measures increase the perception of distributive and procedural justice; (b) quality feedback leads to the understanding that incentive contracts are fair; (c) disregarding uncontrollable aspects by managers in performance evaluations does not lead to the perception of procedural and distributive justice; (d) perceptions of organizational justice have a positive effect on the congruence between personal and organizational goals. Originality/value: In addition to contributing to the advancement of knowledge in the managerial area, the findings of this research may support policies for the formulation of incentive contracts in Brazilian companies with decentralized structures, and this aspect represents a business and practical contribution for company managers and owners.
DOI: 10.6084/m9.figshare.14326811
title: Trust in Financial Markets: the Role of the Human Element

description: Abstract Purpose: This paper suggests that the human element is key when it comes to investors’ trust in financial markets. Ignoring it may jeopardise the effectiveness of the recent regulatory growth. The study takes a demand-based perspective, assuming the relationship between financial advisors and investors is based upon trust, and it analyses the conditions that may lead to the existence (or not) of trust. Design/methodology/approach: Using a fuzzy-set qualitative comparative analysis (fsQCA) of data collected from 366 questionnaires, we are able to test, in a qualitative non-parametric way, the conditional arguments that may lead investors to trust (or not) their financial advisor. Findings: The results show that trust conditions differ, depending on the degree of investors’ participation in financial markets. The way investors with a basic relationship with financial markets perceive the behaviour of their financial advisors is key in establishing (or not) their trust. For investors with a more advanced relationship with the market, trust (or its absence) also depends on investors’ characteristics. In particular, their financial literacy plays a more-than-negligible role. The joint analysis of the conditions leading to trust and its absence highlights the robustness of our findings. Originality/value: By understanding the conditions that establish trust, financial institutions can design strategies to strengthen the level of investors’ confidence in their services, improving the relationship between market players, and increasing business. From the supervisory authorities’ point of view, the approval of a code of conduct for financial advisors, taking into account our results, can help improve the overall trust in financial markets. To the best of our knowledge, this study is the first to apply Butler’s (1991) psychometric scale and the fsQCA methodology to study investors’ trust in financial advisors.
DOI: 10.6084/m9.figshare.14326813.v1
title: Sensemaking of Financial Institution Actors in the Adoption and Elaboration of Integrated Reporting

description: Abstract Purpose: To analyze the sensemaking (Weick, 1995) of the actors involved in the adoption and elaboration of Integrated Reporting in a Brazilian financial institution (Itaú Unibanco S.A.). Design/methodology/approach: Exploratory and interpretative case study, with semi-structured interviews with nine actors who compose the Working Group for elaborating Integrated Reporting, alongside documental analysis. The data were analyzed using the content analysis technique. Findings: Sensemaking applied to Integrated Reporting is an interpretative process involving its elements (business models, capitals, material themes, value creation), it promotes organizational change by means of disruptive actions, and it is adaptive when it adjusts to organizational culture. Originality/value: The study contributes to the discussion of the adoption of Integrated Reporting at the enterprise studied, at the Brazilian Commission for the Follow-up of Integrated Reporting, at the International Integrated Reporting Council, at Brazilian consultancy firms, and among users of the report. The study also contributes to the literature relating to this theme.
DOI: 10.6084/m9.figshare.14326811.v1
title: Trust in Financial Markets: the Role of the Human Element

description: Abstract Purpose: This paper suggests that the human element is key when it comes to investors’ trust in financial markets. Ignoring it may jeopardise the effectiveness of the recent regulatory growth. The study takes a demand-based perspective, assuming the relationship between financial advisors and investors is based upon trust, and it analyses the conditions that may lead to the existence (or not) of trust. Design/methodology/approach: Using a fuzzy-set qualitative comparative analysis (fsQCA) of data collected from 366 questionnaires, we are able to test, in a qualitative non-parametric way, the conditional arguments that may lead investors to trust (or not) their financial advisor. Findings: The results show that trust conditions differ, depending on the degree of investors’ participation in financial markets. The way investors with a basic relationship with financial markets perceive the behaviour of their financial advisors is key in establishing (or not) their trust. For investors with a more advanced relationship with the market, trust (or its absence) also depends on investors’ characteristics. In particular, their financial literacy plays a more-than-negligible role. The joint analysis of the conditions leading to trust and its absence highlights the robustness of our findings. Originality/value: By understanding the conditions that establish trust, financial institutions can design strategies to strengthen the level of investors’ confidence in their services, improving the relationship between market players, and increasing business. From the supervisory authorities’ point of view, the approval of a code of conduct for financial advisors, taking into account our results, can help improve the overall trust in financial markets. To the best of our knowledge, this study is the first to apply Butler’s (1991) psychometric scale and the fsQCA methodology to study investors’ trust in financial advisors.
DOI: 10.6084/m9.figshare.14326813
title: Sensemaking of Financial Institution Actors in the Adoption and Elaboration of Integrated Reporting

description: Abstract Purpose: To analyze the sensemaking (Weick, 1995) of the actors involved in the adoption and elaboration of Integrated Reporting in a Brazilian financial institution (Itaú Unibanco S.A.). Design/methodology/approach: Exploratory and interpretative case study, with semi-structured interviews with nine actors who compose the Working Group for elaborating Integrated Reporting, alongside documental analysis. The data were analyzed using the content analysis technique. Findings: Sensemaking applied to Integrated Reporting is an interpretative process involving its elements (business models, capitals, material themes, value creation), it promotes organizational change by means of disruptive actions, and it is adaptive when it adjusts to organizational culture. Originality/value: The study contributes to the discussion of the adoption of Integrated Reporting at the enterprise studied, at the Brazilian Commission for the Follow-up of Integrated Reporting, at the International Integrated Reporting Council, at Brazilian consultancy firms, and among users of the report. The study also contributes to the literature relating to this theme.
DOI: 10.6084/m9.figshare.14326816
title: Determinants of Dividends in the Telecommunications Sector

description: Abstract Purpose: Telecommunications stocks are known to be defensive stocks, which are less susceptible to volatility in the global financial markets and usually pay higher dividends than in other industries. In this context, this paper intends to study the influence of some specific characteristics of these companies on the payment of dividends. Design/methodology/approach: To achieve the proposed objective, the panel data methodology was used, specifically the GMM estimation method for a sample consisting of 34 companies listed in Western Europe and North America in the period between 2007 and 2016 and in the sub-period between 2008 and 2013, which comprises the global financial crisis. Findings: The results show that specific factors such as investment in fixed capital, indebtedness, price to book value ratio, free cash flow (FCF), liquidity, and dividends paid in the previous year are decisive in explaining the dividends distributed in the entire period. For the financial crisis period, the sign and significance of the variables remain almost unchanged, suggesting that these companies pay dividends regardless of economic cycles, covering the absence of FCF with adequate liquidity levels to satisfy investors during recessive periods. Originality/value: Our study contributes to a better understanding of the telecommunications sector and the dividend policy carried out by managers in this sector, and it can assist in the analyses of investors, other managers, financial analysts, and researchers on the subject.