CORPORATE GOVERNANCE AND GLOBAL MANAGEMENT ACCOUNTING PRINCIPLES IN PUBLIC COMPANIES IN BRAZIL
Palavras-chave:Corporate Governance, Global Management Accounting Principles, Management.
Objective: The objective of this research is to verify the relations of Corporate Governance with the Global Management Accounting Principles (GMAP) of public companies in Brazil.
Methods: This is a descriptive study with a quantitative approach. With a sample of 311 companies that traded shares in Brasil, Bolsa and Balcão (Brazil Stock Exchange and Over-the-Counter Market - B3), data were collected from Comdinheiro, reference forms, companies’ website, the Brazilian Securities and Exchange Commission (CVM) and B3, management reports, annual reports, financial statements and sustainability reports, ranging from 2010 to 2016. In relation to the dependent variable, indexes were constructed to represent the GMAP (IGMAP). The explanatory variables were represented by the dimensions: Board of Directors, Ownership Structure and Control and Executive Compensation.
Results and discussions: The results show that in the dimension of the Board of Directors, companies from the Novo Mercado (New Market) are the ones that best represent the analyzed relationships, given that independence and meetings positively explain the GMAP. The age of directors and the accumulation of positions of president and CEO have a negative influence on the GMAP. In addition, the Ownership Structure had a negative impact on the GMAP, although only companies in the Level 2 segment and with little representative coefficient. In addition, fixed remuneration also explains the GMAP, this for all segments of governance.
Contributions: The study's findings contribute to the debate on the relevance of Corporate Governance practices associated with Management Accounting, since governance requires reports with adequate internal practices, especially for the survival of companies operating in competitive markets.
Borker, David R. (2016a). Global management accounting principles and the worldwide proliferation of IFRS. The Business and Management Review, 7(3), pp. 258-267.
Borker, David R. (2016b). Gauging the Impact of Country-Specific Values on the Acceptability of Global Management Accounting Principles. European Research Studies, 19(1), pp. 149-164.
Cgma. (2014). Chartered Global Management Accountant. Global Management
Accounting Principles ©. [S.l: s.n.].
Gray, D., & Irons, P. Managers. (2016). Opinions of Management Accountants’ Competency Skills and Personal Qualities. World Journal of Business and Management, 2(1), pp. 33-40.
Junwei, W., Guiqin, L., & Ping, H. (2011). Study on the Relationship Between Agency Costs and Governance Mechanisms: Evidence from Chinas A-share Listed Companies. M & D Forum Studies, pp. 258-271.
Ratnatunga, J. & Alam, M. (2011). Strategic governance and management accounting: evidence from a case study. Abacus: A Journal of Accounting, Finance and Business Studies, 47(3), pp. 343-382.
Ujunwa, A. (2012). Board characteristics and the financial performance of Nigerian quoted firms. Corporate Governance: The international journal of business in society, 12(5), pp. 656-674.
Wang, D. H. M., & Hynh, Q. L. (2014). The Role of Corporate Governance in the Link between Management Accounting System and Firm Performance. Asian Journal of Finance & Accounting, 6(1).
Copyright (c) 2021 Advances in Scientific and Applied Accounting
Este trabalho está licenciado sob uma licença Creative Commons Attribution 4.0 International License.
Os direitos autorais para artigos publicados na ASAA Jorunal são do autor, com direitos de primeira publicação para a revista. Em virtude de aparecerem nesta revista de acesso público, os artigos são de uso gratuito, com atribuições próprias, em aplicações educacionais e não comerciais. A ASAA Journal permitirá o uso dos trabalhos publicados para fins não comerciais, incluindo direito de enviar o trabalho para bases de dados de acesso público. Os artigos publicados são de total e exclusiva responsabilidade dos autores. Não há encargos para submissão/publicação ou taxas para processamento de artigos (Articles Processing Charge - APC).