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Copyright of ConTexto is the property of ConTexto and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Between the financial crisis of 2007-2008 and the pandemic crisis of Covid-19, the Anjos neighborhood in Lisbon presented a particular concentration of public spaces offering concerts, exhibitions, dance classes, bars, etc. Many of these spaces are non-profit and promote cultural democracy thus fighting gentrification. From visits to the neighborhood, document analysis and interviews with board members, volunteers and other key actors, we identify two ideal-types of these spaces' missions: the cultural-entertainment and the cultural-activist. We conclude by pointing out that both allow us henceforth to monitor the influence of the participation of these spaces in urban reconfiguration. [ABSTRACT FROM AUTHOR]

This work was elaborated with the objective of analyzing what are the effects caused by the company going public during the pandemic, through the accounting statements. In methodologic alterms, a documentary survey was carried out of reports reported to the Brazilian Securities and Exchange Commission (CVM), published on B3's website, as well as those disclosed the investor relations website of the company Locaweb SA for the years 2018 to 2020. We sought to meet the research objectives using data collected in Microsoft Excel spreadsheets, arranged in a timeline for the analysis of the company's financial statements. Based on the data, an analysis of the performance indicators was carried out, which are divided into four groups: cash coverage, result quality, capital expenditures and flow returns. It is noticed that, in no general aspect, the performance of the analyzed company's indexes went through a decline in their numbers. But they are justified by the high investment made in mergers and acquisitions of other companies, a result that goes beyond the pandemic. Thus, allowing a more efficient structuring of your business. [ABSTRACT FROM AUTHOR]

This study analyzed whether Brazilian companies use earnings management (EM) practices for accruals and for real activities with greater intensity in the year they go public, based on the premise that in that year companies seek to present a more economically favorable scenario interested parties in order to attract investors. This analysis was performed by means of linear regression with robust standard errors and fixed effect control of year and sector, in 1,782 company-years, during the period from 2010 to 2018. The results showed that there is no statistically significant relationship between the EM by accruals and real activities (aggregate measure) and the year in which companies launch their Initial Public Offering (IPO, from English Initial Public Offering). When analyzing the measure of real activities by Roychowdhury (2006) by its isolated metrics, it was identified that the abnormal cash flow from the activities is related, at the level of 10%, to the year of IPO, which generates statistically sensitive evidence of that companies can use this way of manipulating values in this specific period. Finally, based on the premise that in the year of going public, companies aim to disclose inflated profits, the discretionary accruals proxy was analyzed, separating them into positive and negative accruals, which revealed that positive accruals (used to increase profit) were not related to the IPO year. This research contributes, therefore, by generating evidence on the quality of the accounting information of companies in the year in which they begin their public offerings, bringing empirical results that can assist stakeholders in their decision-making, as well as in the inspection by the regulatory bodies. [ABSTRACT FROM AUTHOR]

Organizations seek partnerships, fusions and acquisitions (F & A) in expected to obtain economies of scale and gain of synergy, scope and value creation or even at entry into new markets. Decided by acquisition or merger, it is necessary to carry out the evaluation of the enterprise. Business evaluation models and methodologies have been developed over time, with the assumptions and information arising from finance theory. The acquisitions of anonymous public companies are carried out through the public offering of shares (OPA). In Brazil, the OPA is disciplined by the Normative Instruction - in 361/2002 of the Securities and Securities, and must be accompanied by a company assessment report. This research through content analysis sought to evidence information about the company's history and vision, marketing market, criteria and assumptions of evaluation, discount rate, among others, constant in the evaluation reports. It was evidenced that the item that presented a higher amount of words and / or data set was market and industry. The supremacy of discounted cash flow methodology was found. In all reports was evidenced information about business knowledge and strategic analysis. The qualification of the evaluators presented the lower variability of information, indicating a certain standardization of these data. It can be considered that the information highlighted in the Lauds suprem the needs of information of users and can be a tool to minimize asymmetry of information and errors in Valuation. Although the quality of the information has not been evaluated, it can be inferred that a greater amount of data can offer larger informational content, thus giving more subsidy for decision-making. [ABSTRACT FROM AUTHOR]

Copyright of Revista Evidenciação Contábil & Finanças is the property of Revista Evidenciacao Contabil & Financas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Business & Projects / Revista de Gestão e Projetos is the property of Revista de Gestao e Projetos and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: Magazine Luiza, founded in November 1957, is a national retail icon, went public in 2011 at B3, with exponential growth in the valuation of its shares. This case provides the following pedagogical objectives: a) promote problem analysis, propose and inquire about valuation decisions; b) stimulate reflection between the theory that supports the purposes of evaluation and the way it should be developed and applied; c) expand the ability to relate the theoretical assumptions of valuation and their adequacy to reality. Methodology: The Financial Statements were extracted from the website of the company, on Economática® and on the website of B3. Professor Damodaran's database was also used. It should be noted that the data are real, however, on the other hand, the existence of the company Alpha Varejo and its proposed acquisition of the company Magazine Luiza are considered as a hypothetical situation. Results: From a behavioral perspective, it allows students and teachers to have healthy dialogues and discussions so that there is mutual respect for divergent opinions and ideas, allowing the exposure of their points of view. Estimating the value of the company using the Discounted Cash Flow and Relative Valuation methods is a complex task, and can be considered as an important decision-making process, especially for the company's shareholder. In the use of methods, there is the need to choose appropriate premises that best reflect the reality of the company. Contributions of the Study: The performance of the proposed activity, with undergraduate or graduate students in the business area in disciplines aimed at analyzing the financial viability of companies and valuation, contributes to the training of these students with the development of critical analysis and stimulating discussion in the financial studies. [ABSTRACT FROM AUTHOR]

Objective: The aim of this study is to assess whether the yields earned by the federal public banks remunerate the National Treasury to a enough degree, to cover the opportunity cost of the capital invested by the Federal Government, which is defined as the benchmark Selic base interest rate. Methodology: This involved using four different metrics for the return on economic capital invested by the Treasury, on the basis of the balance sheets of the Banco do Brasil (BB), Caixa Econômica Federal (CEF), Banco Nacional do Desenvolvimento Econômico e Social (BNDES) [National Bank of Economic and Social Development], Banco do Nordeste do Brasil (BNB) and Banco da Amazônia (BASA), from 2002 to 2018. Results: The empirical comparison of parametric and nonparametric tests revealed that, on the whole, the federal public banks offered economic returns that were higher than the fundraising costs of the National Treasury. On the other hand, when examined individually, the results were as follows: i) the BB and CEF, that have retailing practices, achieve results that are consistently better than Selic; ii) despite their higher nominal returns, BNDES and BNB, did not record a statistically significant difference; and iii) BASA recorded returns that were lower than the opportunity cost. Contributions made by this study: The results of this study have led to a better understanding of the relations between the National Treasury, and public financial institutions, with the reservation that they are not restricted to the economic/financial factors of this relationship and do not cover making inferences or dimensional testing such as efficiency or priority claims in the application of public funds. [ABSTRACT FROM AUTHOR]

This article has the objective in reflect on movement homeschooling in the Brazilian educational context, problematizing the contradictions of public education offered by the State and the liberal perspective of home education, through the impacts of this educational perspective on Education while social law. In addition to locating the origins of the topic in question, we will try to expose the reader to the appearance of projects in the Federal Chamber of Brazil, presenting some relevant aspects of the bills for discussion. Finally, from the theoretical perspective adopted in this work and based on the object investigated, we consider the need to build a society that allows education beyond the current structures and, therefore, an education that is effectively a human and social law. [ABSTRACT FROM AUTHOR]

The aim of the present work is twofold. On one hand, the analysis will focus on the characteristics of Brazilian academic speech, basing on the videoverbetes of the Enciclopédia audiovisual de termos, conceitos e pesquisas em Análise do discurso e áreas afins, a webmediated audiovisual project which collects the speeches of Brazilian scholars specialized in Discourse Analysis (and other areas), coordinated by Bethania Mariani of the Laboratório Arquivos do Sujeito of the Departamento de Ciências da Linguagem, da Universidade Federal Fluminense (UFF). On the other hand, the analysis will consider and describe the problems which may occur in the subtitling of this hybrid textual genre in Italian. Furthermore, the videoverbetes will be compared and contrasted with another hybrid text genre: the TED (Technology, Entertainment, Design) talks, a web-mediated genre, which shares common features with the academic discourse. [ABSTRACT FROM AUTHOR]

Copyright of Revista Fatec Zona Sul (REFAS) is the property of Revista Fatec Zona Sul (REFAS) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to present two legislations created in 1920 in Minas Gerais. The first one is about the law 800 from 27th November 1920 which reorganizes the primary school in the State and it also contains others rules. The second one regulates the law 800 that was endorsed in 1924. The alleged is that the legislation expressed a historical time, that is to say, more than intentions of ruling elites, it is an expression of an era, with their problems, as well as ordering the treatment of values issues. The hypothesis that we seek to demonstrate is that such laws are indicative of a historical time in the phase of educational enthusiasm, on characterization of Jorge Nagle (2001), but even preceding the establishment of the social right to education, that is a historical watershed of the modernity of brazilian and worldwide educational. The missing dimension for to enter into the new time is precisely the permanence of a generic conception of citizenship unveiled at an ordination that weakens the role public school. It occurs either through the obligation of the public offer of educational shared with the society, either through the requirement of civic consciousness of the people preceding the public offer, in a clear scapegoating this school expansion limits. The work procedure is done by legal sources exegesis and regulatory standards, including in the school minutes, as well as the legislative debates. [ABSTRACT FROM AUTHOR]

Copyright of Revista HISTEDBR on-line is the property of Universidade Estadual de Campinas - Portal de Periodicos Eletronicos Cientificos and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Muiraquitã: Revista de Letras e Humanidades is the property of Muiraquita and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This observational, crosscutting, descriptive study with a quantitative approach has the goal to assess the bioethical implications arising from the socioeconomic inequities regarding the distribution of imagery equipment in the Brazilian public health system. A significant result was found when making the ratio of diagnose equipment to 100.000 inhabitants and the percentage of population with income below the minimum wage. Only two states were found to provide optimum imagery equipment offers in the public health network and low poverty indexes. From the bioethics perspective, a bad distribution of diagnosis equipment can be seen as inequity generated by the public administration. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Gestão, Finanças E Contabilidade is the property of Universidade do Estado da Bahia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Gestão, Finanças E Contabilidade is the property of Universidade do Estado da Bahia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The underpricing is a strategy used by companies in IPOs - initial public offerings to attract new investors and increase the liquidity of the new shares. This paper aims to identify whether Brazilian companies that went public between 2002 and 2007 adopted the strategy of underpricing, providing positive returns in the short, medium and long term to investors. The sample was composed of 82 companies that listed in any of Differentiated Levels of Corporate Governance (DLCG) of BM&FBovespa. The analysis was performed for the entire sample, per segment of corporate governance and per year of IPO using the technique ANOVA. As a proxy for stock performance were used Initial Returns (IR), Abnormal Return (AR), Buy-and-Hold Market-Adjusted Returns (BHAR), Monthly Average Market-Adjusted (MMAR) and Market Value / Book Value (VM / VP). It was found that Brazilian companies that listed during the study period were used in the strategy of underpricing (5.79% depreciation on average), they had a negative stock performance in the long run, but there were no statistically significant differences between the different levels of governance and the years analyzed. The main contribution of this paper to show that IPOs represent traps for uninformed investors who buy the shares at a price below fair value (with underpricing), but instead of selling them in the short term, adopt a mistaken strategy of waiting for the increase in share value over the long term, which does not occur. [ABSTRACT FROM AUTHOR]

Investigamos o gerenciamento de resultados (GR) em ofertas públicas iniciais de ações (IPOs) e o papel de gestores de capital de risco (private equity/venture capital -- PE/VC) em dificultar tal prática. Quando analisamos o GR, as empresas investidas por PE/VC e as empresas não investidas por PE/VC verificamos que estas deveriam ser tratadas como amostras diferentes. Ao dividirmos a amostra, o R² aumenta significativamente para ambas as sub-amostras. Para os IPOs de empresas com investimento de PE/VC, o GR é marginal, geralmente relacionado às características das empresas e pouco relacionado às fases do IPO. De forma diferente, para os IPOs de empresas não investidas por PE/VC o GR é significativo, geralmente relacionado às fases do IPO e pouco relacionado às características das empresas. Finalmente, a reputação do auditor é importante apenas para os IPOs com investimento de PE/VC, sugerindo que a escolha do auditor é mais significativa para a empresa investida por PE/VC, isto é, a escolha de um auditor com boa reputação representa um compromisso de não gerenciar os resultados. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Contabilidade e Organizações is the property of Revista de Contabilidade e Organizacoes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Ciências da Administração is the property of Universidade Federal de Santa Catarina, Departamento de Ciencias da Administracao and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Contabilidade e Organizações is the property of Revista de Contabilidade e Organizacoes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Apesar de as debêntures apresentarem maior volume de negociações no ambiente brasileiro, grande parte das pesquisas nacionais sobre a qualidade das informações contábeis tem focado no mercado de ações. Considerando-se que diversos estudos sugerem que o ambiente institucional e organizacional das firmas afeta o comportamento dos números contábeis, pode-se levantar o seguinte problema de pesquisa: A qualidade das informações contábeis é afetada significativamente pela oferta pública de ações e debêntures? O objetivo deste trabalho é analisar a qualidade das informações contábeis na oferta pública de ações e debêntures por companhias abertas brasileiras, com o intuito de verificar se existem diferenças significativas nos números contábeis. Para atingir o propósito deste trabalho, desenvolveu-se uma pesquisa empírica, com uma amostra formada por empresas que efetuaram ofertas públicas entre 2000 e 2006. Os resultados evidenciam que a oferta pública não afeta, significativamente, os números contábeis, sugerindo, assim, que a qualidade das informações contábeis não é influenciada pela emissão de ações e debêntures. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Administração is the property of Instituto de Administracao da FEA-USP and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study tests the market timing theory (EMTT) in the Brazilian Stock Market. The study is an adaptation from the Baker and Wurgler's article (2002) that successfully tested this theory in the American Stock Market. The theory has not been proven in the Brazilian Market. The leverage decreased in the first year after the initial public offerings (IPO), but it grew once again without presenting the persistency required to corroborate the theory. [ABSTRACT FROM AUTHOR]

Copyright of Educacao & Sociedade is the property of Centro de Estudos de Educacao e Sociedade and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)