Suchergebnisse

A pesquisa investigou se a evidenciação em relatórios contábeis de informações sobre risco e sobre sua gestão afeta, na margem, a avaliação de firmas no mercado de capitais brasileiro. Questionou-se a existência de value-relevance do disclosure de informações relativas a fatores de risco e a estruturas de gestão de riscos. A importância do tema emerge da documentação de que o disclosure sobre os fatores de risco exerce papel estatisticamente significante na avaliação de firmas em contexto marcado por incerteza econômica e política, caso do mercado brasileiro. Os achados confirmaram que informações sobre o risco mostram relevância informacional para a avaliação das firmas. As informações sobre gestão de risco na firma, por seu turno, não se mostraram significantes para afetar a avaliação das ações das empresas. A investigação sobre o reporte detalhado de distintos fatores de risco apontou que informações individualizadas mostram graus diversos de relevância para avaliação das firmas. Infere-se que a evidenciação de fatores de risco afeta a percepção dos investidores, os quais suportam suas estimativas de retorno também com base na disponibilização e no detalhamento de tais informações. Observou-se, ainda, que a informação sobre estrutura de gestão de riscos não se mostrou value-relevant; ademais, poucas firmas publicaram informações sobre a constituição desse tipo de órgão na estrutura administrativa. Recorreu-se à aplicação do modelo residual income valuation (RIV) (Ohlson, 1995) por meio de regressões com estimação por dados em painel referentes ao triênio 2012-2014. A amostra, delimitada aleatoriamente, foi constituída por 100 empresas. Os dados sobre evidenciação de risco e evidenciação da gestão de risco foram coletados nos Formulários de Referência das empresas, disponíveis no website da Bolsa de Valores, Mercadorias e Futuros de São Paulo (BM&FBOVESPA). Espera-se, como impacto à área de conhecimento, maior amplitude nas discussões sobre a utilidade da divulgação sobre o tema referente a fatores de risco e a existência de órgão específico responsável pela gestão de risco nas firmas, segundo a percepção de investidores. Contribui-se, ainda, trazendo evidências sobre a qualidade de disclosure relativo a risco (fatores e gestão) e a percepção do mercado de capitais quanto à informatividade e à relevância de tais destaques. ; This study investigated whether the disclosure in accounting reports of information on risk and its management affects, at the margin, firm valuations in the Brazilian capital market. It questioned the existence of value relevance in the disclosure of information related to risk factors and risk management structures. The importance of the topic arises from the documentation that disclosure on risk factors plays a statistically significant role in valuing firms in a context marked by economic and political uncertainty, as is the case of the Brazilian market. The findings confirmed that information about risk shows informational relevance for firm valuations. Information on risk management in a firm, in turn, was not shown to be significant in terms of affecting company share valuations. The investigation of detailed reports with different risk factors indicated that individualized information shows different degrees of relevance for company valuations. It is inferred that the disclosure of risk factors affects the perception of investors, who also base their estimates of return on the availability and detail of such information. It is also observed that information on risk management structure was not shown to be value relevant; moreover, few firms published information on the establishment of this type of entity in their management structures. The residual income valuation (RIV) model (Ohlson, 1995) was applied using regressions with panel data estimation related to the three years covering 2012 to 2014. The sample, which was randomly delimited, was formed of 100 companies. The data on disclosure of risk and disclosure of risk management were collected from the companies' Reference Forms, available from the website of the São Paulo Stock, Commodities, and Futures Exchange (BM&FBOVESPA). As an impact on the area of knowledge, broader discussions are expected regarding the utility of disclosure on the topic related to risk factors and the existence of a specific body responsible for risk management in firms, according to investors' perceptions. It also contributes by providing evidence about the quality of disclosure related to risk (factors and management) and the perception of the capital market regarding the informativeness and relevance of such elements.

Ronald J. Allen (Northwestern University Pritzker School of Law) has posted Kotzen, Conditional Relevancy, and the Difficulties of Cross-Disciplinary Dialogue on SSRN. Here is the abstract: Forty years ago, Vaughn Ball demonstrated that the then received notion of conditional relevance...

If you examine the changing contexts in which the issue of 'relevance' has been posed in the profession, it becomes clear how earlier calls for relevance need to be reconfigured today. After reviewing arguments that show how explanatory/normative activity is intercoded, this essay explores how the accelerated pace of life, new densities of interdependence and a growing fragility of things supports the case for forging alliances between political science and recent developments in complexity theory in a number of allied fields. Adapted from the source document.

At the core of this essay is an exploration of the notion of regime of relevance introduced by Galin Tihanov in his monograph The Birth and Death of Literary Theory (2019). On the one hand, the author traces the ramifications of Tihanov's coinage and demonstrates possible arenas for its further application; on the other, the essay researches the origins of the notion in Michel Foucault's formulation of regime of truth. After a brief account of the Bulgarian reception of Foucault's work, the text turns to Foucault's early monograph The Order of Things (1966) to explore the paths that link Tihanov's work to Foucault's and then compares a reconstructed version of Foucault's project for literary theory to Tihanov's project.

Purpose
The purpose of this paper is to underscore the fundamental importance of relevance to an applied field such as supply chain management (SCM). It is argued that simultaneity of research rigor and relevance is necessary to assert claims of impact.


Design/methodology/approach
This paper acts as a reflective essay, inductive reasoning and prescriptive framework.


Findings
Impact needs to be evaluated based on both rigor and relevance, and not exclusively based on whether a paper is published in a "top-tier" journal. Without relevance, academic research in SCM will cease to be of practical importance.


Research limitations/implications
The primary limitation is that this is a conceptual paper relying on logical arguments.


Practical implications
The paper exhorts academics in SCM to recognize and insure practical relevance in their research. It develops strong arguments for why such a combined focus is needed and should be encouraged by journals.


Originality/value
Thought provoking paper intended to change how the field evaluates research for its impact. General strategies for increasing relevance in academic research are offered.

AbstractThis study uses relevance theory as an insightful heuristic model for translation quality assessment. As translation inherently involves communicating across contextual boundaries, the notion of relevance optimization continues to be a fruitful approach for research and practice. This investigation illuminates idioms as culturally embedded linguistic conventions, semantically abstruse, yet structurally crystallized. Idioms accrue fixed meanings within a speech community rather than by compositing constituent denotations. Classical Arabic poetry extensively harnesses idioms, not as ornamental substitutes for literal statements, but as intensive versions thereof. Losing idioms risks muting tonal intensity. By examining an Arabic verse exemplifying two idioms, and assessing thirteen English and French translations, this study reveals that an effective idiom translation requires looking beyond lexical equivalence. Rather, contextually unraveling connotative lexicons and reconstituting the idiom to achieve equivalent effects and optimal relevance is key. Thereby, successful idiom translation is defined not by formal correspondence, but by conveying implicated meanings and intended impacts. This work elucidates idiom translatability through an interdisciplinary relevance prism, advancing theory and equipping practitioners to navigate the interlingual labyrinth.