Márcio Santos Sampaio

Excesso de Confiança e Controladoria: Um Estudo Envolvendo Práticas Orçamentárias

Este trabalho buscou analisar a presenca do excesso de confianca em praticas relacionadas ao orcamento. Foi adotada como suposicao inicial deste trabalho a existencia do excesso de confianca nos processos orcamentarios, bem como a alteracao no nivel deste vies de acordo com o nivel de envolvimento dos individuos com atividades relacionadas. Para isto foi realizado um experimento com 99 estudantes de cursos de pos-graduacao em Salvador – Bahia. Os resultados indicaram a presenca significativa do excesso de confianca nas situacoes propostas pelo experimento. Adicionalmente, ainda que de forma nao significativa, as evidencias indicaram que quanto maior o nivel de envolvimento com praticas relacionadas com o processo orcamentario maior o excesso de confianca apresentado pelos respondentes. Os resultados deste trabalho corroboram com os resultados de outras pesquisas empiricas nesta area contribuindo para uma melhor compreensao das falhas cognitivas existentes nos processos de tomada de decisao relativos ao orcamento.

Excesso De Confiança E Controladoria: Um Estudo Envolvendo Práticas Orçamentárias (Over-Confidence and Controlling: A Study Involving Budgetary Practices)

The quest to understand the decision-making process, with the inclusion of cognitive aspects in organizational environments has provoked an increase of numerous studies in this area. At all times the human being is doing the action of making decisions, always envisioning the scope of a particular goal. Several factors can influence this process, such as their experience, information available beliefs. Psychological factors should be studied in the decision process, along with a discussion of the cognitive limits of rationality. Therefore, the existence of cognitive biases become very common in decision making and one of the most important is the presence of overconfidence. To conduct the present study, we adopted as initial guess the existence of overconfidence in budget processes, as well as the change in the level of bias according to the degree of involvement of individuals with related activities. For this, an experiment was conducted with 99 students of postgraduate courses in Salvador - Bahia. The results indicated the significant presence of overconfidence in the situations proposed by the experiment. Additionally, although not significantly, the evidence indicated that the higher the level of engagement with practices related to the budget process, the greater the overconfidence displayed by the respondents. These results corroborate the results of other empirical research in this area, contributing to a better understanding of the flaws in the existing cognitive processes of decision making related to the budget.

ENTERPRISE RISK MANAGEMENT AND PERFORMANCE IMPROVEMENT: A STUDY WITH BRAZILIAN NONFINANCIAL FIRMS

Purpose – This research aimed to study the relationship between Enterprise Risk Management (ERM) and performance improvement. Design/methodology/approach – A questionnaire was used as an instrument of data collection that was passed to managers of nonfinancial companies listed among the 500 largest and best firms in Brazil. The data from this study were analyzed with descriptive statistics and multivariate analysis of correlation and association. Findings – The results showed that the main drivers of risk management were regulation, stakeholder demands, and business competitiveness. Among the practices that have been used, managers spotlight the utility of basic methods, more subjective, while technical methods, more quantitative, were of secondary importance. It was evidenced that the risks were weighted in the main activities of the organization. As a result, it was demonstrated that improved performance is associated with the maturity level of risk management and the level of stakeholders’ involvement in risk management. Research limitations/implications – Other researches could examine how this process was developed in other countries and expand the number of organizations studied. Practical implications – This study provides empirical evidence about theorist assumptions about the relationship between ERM and performance improvement. Social implications – This study demonstrates the importance of human aspects for the processes of risk management and how external factors can influence this process. Originality/value – It gives a broader and deeper comprehension of the process of risk management at nonfinancial firms in Brazil.