The purpose of the first article is to analyze whether there was an increase in the quality of the information of the companies in the banking sector listed in Brazil, Bolsa, Balcão (B3), via the adoption of IASB accounting standards, if the persistence of earnings of publicly traded companies in the banking sector increased by the adoption of the IFRS standard and if the fair value had any impact on this relationship. For Josimar Pires da Silva (Universidade Federal da Grande Dourados, Brazil), Jaqueline Cristina Fraga (Universidade Federal de Mato Grosso, Brazil), Rafael Martins Noriller, and Antonio Carlos Vaz Lopes (Universidade Federal da Grande Dourados, Brazil) results confirmed only the first hypothesis, that demonstrated the quality of earnings in the Brazilian banking sector, based on persistence, increased with the adoption of international accounting standards. On the other hand, for the authors, the results indicated that adjusting the fair value of the financial instruments did not change the persistence of earnings of the 25 companies analysed.
In the second article, Gustavo Flores-Sánchez, Jorge Campoverde-Campoverde, Tatiana Coronel-Pangol, Jonnathan Jiménez-Yumbla, Carlos Romero-Galarza (University of Cuenca, Ecuador) seek to identify the main factors that influence business decisions on Working Capital in the Profitability of SMEs in the clothing sector in Ecuador. Factors were determined via a panel analysis with fixed and random effects. For the authors, the results show an inverse impact on collection days for accounts receivable, inventory days, and payment days to suppliers and liquidity with Profitability. This proves that managers can create value by reducing the current average number of working capital days.
Paula de Souza Michelon, Rogério João Lunkes and Antonio Cezar Bornia (Universidade Federal de Santa Catarina, Brazil), in the following article, seek to verify the influence of management characteristics on the capital budget of Florianópolis/SC hotel industry companies. The authors propose that the effect of the manager's characteristics on hotel performance is indirect, due to variables that mediate the use of sophisticated and unsophisticated capital budgeting practices. The Partial Least Square method has been used to analyse the relationships. The results show that older managers with more time in the position tend to use less sophisticated capital budgeting practices. However, authors cannot confirm the positive influence of using sophisticated investment practices on non-financial performance.
The following article seeks to reveal the behaviour and relationships of market value variation in relation to economic-financial indicators in emerging market crisis scenarios. For Flávio Luiz Furtado Filho, Leonardo Flach, and Jonatas Sallaberry (Universidade Federal de Santa Catarina, Brazil) the results revealed a significant relationship at all times of the market value and level of financial leverage. Only in crisis scenarios was the relationship with liquidity and composition of debt consistent; the results revealed a continuous series of reduction in market value.
Researchers Cibely Delabeneta; Diego Nereu Unser; Lucas de Jesus Soares; Geysler Rogis Flor Bertolini; Ivano Ribeiro; and Jerry Adriani Johann (Universidade Estadual do Oeste do Paraná, Brazil) have researched the adherence of pharmacies and consumers in a redistribution program for medicine close to their expiration date. To do this, they have proposed a research model formed by hypotheses related to the two audiences. The results showed that 48% of pharmacies researched are favourable to the program and would accept participating with the donation of medicines close to their expiration date. According to the authors, the research carried out with consumers indicates that the economy generated is the main positive point, while confidence in the efficacy of medicines tends to be a possible restriction to adherence to the program.
In their last article, lecturers Maria Gabriela Montanari, Janaina de Moura Engracia Giraldi, and Alexandre Bevilacqua Leonetti (Universidade de São Paulo, Brazil) have confirmed the influence of Brazil's image on the intentions of international consumer behaviour. The results suggest that Brazil's image consists of two dimensions: macro and micro. The first presented a direct and positive influence on the behavioural intentions of international consumers, while the second indirectly influenced those intentions. For the authors, this research not only contributes to the theoretical advance in research on Brazil's image, but also indicates that both dimensions of the country's image must be jointly managed and promoted by governmental organisations, with a focus on the macro image.Once again, we would like to thank all those who make it possible for the review to function well: members of the Advisory Council, Editorial Board, Publishers and Associate Editors of the area, evaluators, authors, and above all, our readers.