Vol 24, No 2 (2021)

Dear readers,


The Journal of Accounting, Management and Governance is guided by the dissemination of knowledge in the fields of accounting, governance and management that are product of researches and in-depth academic texts. The aim of sharing and disseminating knowledge in the academic environment makes the journal an important instrument for researchers in the aforementioned fields.

In this editorial, we are concerned with presenting a way to help less experienced researchers to understand the process of writing papers and how our journal receives them. Our concern is due especially because part of scientific communication has as its principle the elaboration of a publishable scientific writing, which is not just a matter of form, but its completion is a reflection of the organization of thought.

We note that many papers have been rejected because they do not meet the scope of the editorial line, or authors often do not access the journal's scope statement. And this is the first task for anyone who writes a paper and wants to publish in indexed and good quality journals.

An orientation that deserves attention is the guides that facilitate the writing of the text. Here we present a suggestion and a warning for inexperienced authors: seek to know the previous issues that were published by the journal. This way you can critically assess what the editors and or/evaluators expect to find in your text.

After completing these steps, it is time to prepare the text. Much has been published about the qualities of a good academic text and here we ask permission to recommend Pereira (2017: 22)[i] which suggests:

  1. The text must be clear so that the editors and/or reviewers understand your proposition;
  2. The text must be concise, that is, it must be produced with essential topics and sections so as not to waste the time of editors and/or reviewers and the space of the journal;
  3. The text must present exactness with strict observance in relation to the theoretical-methodological content;
  4. The document produced must present a logical sequence of arguments and facts that ensure the interest in reading by editors, reviewers and readers;
  5. An elegant text attracts and maintains the attention of editors, reviewers and readers, that is, it must be grammatically and appropriately written with a varied and adequate vocabulary.

We understand that in this way, we took the first step to encourage our less experienced researchers in the elaboration of their academic text. Certainly this is not a check list, but it is the first task and an important one to be observed.

In this Issue 2/2021, several papers were evaluated and we decided to publish 6 at this time.

In the first paper of this issue, in the Private and Third Sector Management & Accounting section, Machiavellianism is the central point. Entitled “Machiavellianism in the Creation of Budgetary Slack”, the authors bring evidence about Machiavellian behavior and the generation of budgetary slack. The results, from the sample used, show that the individuals, despite creating budgetary slack, they react in different ways to the stimuli related to the negative affect imposed by the threat of punishment as an environmental stimulus.

In the second paper, the authors promote a discussion about the value relevance of intangible assets in the context of business combinations. Entitled Value Relevance of Intangible Assets Recognized in a Business Combination", it draws attention to the representativeness of the value of goodwill when compared to the total of intangible assets (between 23% to 30%). Additionally, the study presents evidence of the value relevance of this information in relation to the market value of companies, whether aggregated (intangible assets) or not (only goodwill), which contributes to the understanding of accounting information that add value in pricing the business.

In another study that contributes to the financial market area the authors of the text "The Challenge to Determine the WACC of Transmission Service Operators: The Brazilian case", discuss the theoretical-empirical procedures to assess the cost of capital in this relevant economic sector. They present as considerations, to the regulatory agent, the need to take into account five aspects in the determination of the WACC in order to better reflect the conditions of the Brazilian market.

In the Public Management and Accounting section, our first selection is the paper "Entrepreneurial Action in the Public Sector: the "Post-purchase" of a Public University in Minas Gerais" that discuss an entrepreneurial action by the creation of a “post-purchase” sector. The authors work from a qualitative perspective, which provide us with evidence that the implementation of the “post-purchase” sector results in improved budget execution and greater efficiency. These are relevant principles that lead to economy, legality and efficiency in Public Administration.

In another study that seeks to understand human behavior, the authors of the paper "The Influence of Self-Deception in the Practice of Tax Evasion in Brazil", present results that can contribute to the Public Administration in the development of mechanisms that discourage tax evasion, as they present evidence that individuals use self-deception arguments, such as “paying taxes does not generate the expected return on public services” to justify tax evasion.

Finally, the results of the study presented in the paper Political electoral cycles: Are municipal elections influenced on the budget execution of Minas Gerais municipalities?" suggest that public spending, especially during electoral periods, is carried out without necessarily considering the real needs of society in order to reduce social inequalities. The authors worked with an analysis of 500 municipalities in Minas Gerais, considering that there is evidence that there is an increase in expenditures when compared to expenditures in the pre-election years in the case of health, education and construction.

We hope that the texts selected for this issue may inspire less experienced researchers as well as more experienced ones to build the academic text production process taking into account the teachings and the various steps we presented. For all papers presented here, the authors adequately dealt with the process of numerous revisions and the various tips from the editors.

Last but not least, we thank all authors, reviewers, editors. Without the trust that everyone has placed in our journal, this issue would not be possible. We hope the reader will appreciate, criticize, and especially join us in the effort to socialize and disseminate the knowledge produced and presented here.


The editors,

Rodrigo de Souza Gonçalves

Andrea de Oliveira Gonçalves



 [i] Pereira, Maurício Gomes. Artigos Científicos: como redigir, publicar e avaliar. Rio de Janeiro: Guanabara Koogan, 2017.

Vol 24, No 1 (2021)

Dear readers,


In 2020, a new epidemic spread throughout the world and, in just a few months, everyone's daily lives became an unprecedented tragedy. Even so, we are tirelessly moving towards the production and dissemination of knowledge. As a result of this effort, we present to the community our first issue of 2021, in which we contemplate a selection of papers that demonstrate the relevance of knowledge in the field of accounting and administration. Here, we privilege papers that demonstrate in-depth discussion about the financial market, governance and student training.

Each paper presents the most diverse contributions to the field and renews our spirit by pointing out evidence and advances from the perspective of accounting, management and governance.

In the first paper, the authors seek to discuss how the economic context affects the relationship between corporate governance and stock market volatility in the financial market. The analysis is made within the scope of the paper “Evidence of the Economic Context in the Relationship Between Corporate Governance and Stock Market Volatility in the Brazilian Public Companiesâ€. In particular, this paper points out that corporate governance and its internal mechanisms, when analyzed together with the Gross Domestic Product, are elements that contribute to the occurrence of less stock market volatility in Brazilian companies listed on B3.

In the context of the paper “The Impact of BNDES’s Financial Resources on the Market Value of B3-Listed Companiesâ€, the authors suggest that the results of the research may contribute to the elaboration of an efficient financing policy for Brazilian companies, given the significant BNDES' performance in certain segments of the Brazilian business community. The results show that companies that raised funds at a rate subsidized by the BNDES did not show an increase in market value, evidencing the policy of allocating resources subsidized by society and its real effectiveness in adding value and generating wealth.

Another paper also concerned with the capital market in Brazil, whose theme is focused on the “Dividend Policy and Recession Periods: Evidence in the Brazilian Capital Marketâ€, points out that, in periods of low economic growth, there is a greater distribution of dividends, a behavior that seeks to provide investors with a signal to reduce asymmetry and uncertainty in times of greater volatility in economic activity.

In the context of governance, which encourages an excellence management system with policies increasingly aligned with the organizational purpose, other efforts by authors in this issue stand out. Here, the intention of the authors to objectively delineate the outlines of this concept is observed, which promotes the transformation in organizations based on the complexity of the treated theme.

We therefore have a trio of papers that bring an expanded discussion about instruments and good practices. The first of them “Corporate Governance and Profitability of Closed Entities of Complementary Pension Fundsâ€, presents evidence of the non-relationship between the profitability obtained by the investments made by the Funds and the adoption of good corporate governance practices. Despite the results, the authors caution that these should be viewed parsimoniously, given the need to improve these practices that ensure greater effectiveness of internal actions in the analyzed segment.

The paper “Antecedents of the Management Control System in Credit Cooperatives in Southern Brazil†demonstrates that as control levers are used in a balanced way they become an important instrument in promoting the strategic renewal of credit unions, especially ragarding the reduction of uncertainty.

In turn, the paper "Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies†demonstrates that the changes promoted in the aforementioned provisions have brought losses to the comparability of the accounting information of the analyzed companies, which requires greater users' attention to its use in the decision-making process related to the standard's transition period (from 2015 to 2017).

In relation to the discussion of global governance, we present the paper “Are more Transparent Countries also more Democratic?â€, which brings relevant results about the existence of the relationship between fiscal transparency and degree of democracy, in a sample of several countries. It should be emphasized that, from the perspective of the authors and the empirical evidence, fiscal transparency provides subsidies to the exercise of social control, stimulating the maturation of democracy, which tends to become a cycle of control that enables the promotion of accountability.

Finally, we resume and deepen the debate on motivation and stress in the process of training students. In the paper “Relationship between Academic Motivation and Perceived Stress: a study with Accounting Science Studentsâ€, evidence of the relationship between stress and academic demotivation is presented, which is more prevalent in female students. In this discussion, the authors suggest the need to accompany students in the training process. It is, in fact, an opportunity for reflection that stimulates and deepens the teaching role in the sense of being a transformational agent in the training process.

In the set of papers presented here, overcoming yet another challenge was considered: to continue the dissemination of scientific knowledge, with a positive balance and a varied collection. Clearly, there is always room for improvement, which is why readers' suggestions will always be welcome.

Therefore, we have a theoretical diversity and a wealth of themes. Thus, we, editors of JAMG, hope that our readers have an excellent and profitable reading!


The new editors, starting in 2021,

Rodrigo de Souza Gonçalves

Andrea de Oliveira Gonçalves


Vol 23, No 3 (2020)

Dear readers,



With great pleasure that we launched the last edition of the Journal of Accounting, Management and Governance in the year 2020. Recently, the scientific content platform Red Iberoamericana de Innovacíon y Conocimiento Científico (Redib) ranked us with a score of 13.045, being the best score for an accounting journal in Brazil and the second including the field of management and accounting together. In addition, the impact factor IF Spell = 0.48 (last five years without self-citation) and H Factor Spell = 11 published by SPELL of the National Association of Graduate Studies in Administration (ANPAD) in 2020, put the JAMG ahead of the ranking. In view of these achievements, JAMG is among the main ones in the field in Brazil. The Journal of Accounting, Management and Governance underwent a change in the DOI prefix. This change will provide greater stability for the article's records.

The volume 23, number 3, of JAMG contains eight articles. In this edition, six articles published are from the Private and Third Sector Management & Accounting section and two from the Public Management and Accounting section. We congratulate the authors and hope that readers can enjoy the content produced.

Good reading!

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