https://repositorio.ufu.br/handle/123456789/18923 Wed, 02 Sep 2026 07:07:18 GMT 2026-09-02T07:07:18Z https://repositorio.ufu.br/handle/123456789/49552 Title: Indicadores socioeconômico-financeiros como red flags de risco de insolvência em Operadoras de Planos de Saúde Abstract: Predicting insolvency represents a critical challenge for the stability of Brazil's supplementary healthcare system. Health plan operators (HPOs) face increasing financial, demographic, and regulatory pressures, reinforcing the need for early warning systems capable of identifying insolvency risk signals (red flags). This study aims to analyze socioeconomic and financial indicators that contribute as warning signals (red flags) to identifying insolvency risks in Brazilian health plan operators. The theoretical framework is grounded in Signaling Theory, which is used to discuss indicators as early signals for insolvency detection. The study covers the period from 2007 to 2024, using financial indicators and non-financial information provided by the National Supplementary Health Agency (ANS), complemented by macroeconomic variables. The methodological approach combines the Elastic Net technique for indicator selection with logistic regression for econometric validation, considering eight types of health plan operators separately and two time horizons preceding insolvency (t-1 and t-2). The results identified financial, non-financial, and macroeconomic red flags associated with insolvency risk, with convergences and divergences between the expected economic signs and the empirical results depending on the type of health plan operator and the time horizon analyzed. Among the 95 distinct indicators identified, 33 showed greater temporal persistence and recurrence across operator types, revealing a set of more consistent signals associated with insolvency risk among Brazilian health plan operators. The study contributes to the insolvency literature and to the application of Signaling Theory by highlighting the multidimensional and contextual nature of signals associated with insolvency risk, while also providing potential insights for the prudential monitoring of health plan operators. The findings reinforce the importance of jointly considering different dimensions of signals, as well as operator-specific characteristics and time horizons, when assessing insolvency risk among health plan operators. Thu, 02 Jul 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/49552 2026-07-02T00:00:00Z https://repositorio.ufu.br/handle/123456789/49317 Title: Determinantes do conservadorismo contábil em clubes de futebol brasileiros: efeitos da alavancagem e da restrição financeira Abstract: This study investigates the determinants of accounting conservatism in Brazilian football clubs, with a focus on the effects of financial leverage and financial constraints, taking into account the institutional specificities of an environment marked by governance weaknesses, regulatory capture, and the coexistence of member-owned clubs and Football Joint-Stock Companies. Grounded in Agency Theory, Positive Accounting Theory, and Regulatory Capture Theory, the research engages with the international literature on accounting conservatism and financial regulation in sport— particularly evidence from European leagues—while critically examining its applicability to the Brazilian context. The sample comprises 36 clubs that competed in Brazil’s Série A championship between 2010 and 2024, totaling 457 club-year observations. Accounting conservatism is measured using the accruals-based proxy proposed by Givoly and Hayn (2000). The empirical strategy employs panel data regressions with an unbalanced panel and two-way fixed effects, with robust standard errors clustered at the club level. Financial leverage is measured as the ratio of total liabilities to total assets, while financial constraints are captured through financial distress models, notably the G-Score proposed by Grover and Lavin (2001). Robustness tests include alternative performance measures and the substitution of the financial distress model (Zmijewski, 1984). The results indicate that both financial leverage and financial constraints are associated with lower levels of accounting conservatism, contradicting the positive relationship predicted by the classical contracting literature. The analysis of moderation by governance structure, represented by the adoption of the SAF model, does not provide robust evidence of changes in these effects. These findings are consistent with national studies documenting high accounting discretion and institutional limitations in Brazilian football (Nascimento et al., 2015), and contrast with international evidence observed in environments with stronger regulatory enforcement (Pujiono et al., 2023). It is concluded that, in the context of Brazilian football clubs, accounting conservatism does not operate predominantly as an endogenous disciplinary mechanism, but rather is shaped by institutional weaknesses that constrain its informational and contractual roles. Fri, 27 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/49317 2026-02-27T00:00:00Z https://repositorio.ufu.br/handle/123456789/48881 Title: Caminhando sobre o teto de vidro: a trajetória de auditoras do setor público e privado brasileiro Abstract: Auditing in the public and private sectors is related to the verification and reliability of accounting and operational information, being an activity present in different types of organizations. In recent years, there has been an increase in female participation in this field; however, the presence of women in leadership positions remains limited. This context is associated with organizational, institutional, and social barriers, discussed in the literature through the theoretical lens of the Glass Ceiling. In view of this scenario, the general objective of the study is to investigate the trajectories of women who hold leadership positions in public and private auditing, identifying the barriers faced and the opportunities experienced that led them to overcome the Glass Ceiling. To achieve this objective, the research adopted a qualitative approach, interpretivist in nature, with a descriptive purpose. Semi-structured interviews were conducted with women auditors in leadership positions in Brazil, especially at the Federal Court of Accounts (TCU) and in companies from the Big Four group. The results indicate that the trajectories of women in leadership roles in public and private auditing were built gradually, marked by structural and symbolic barriers related to motherhood, the reconciliation of work and personal life, a male-dominated organizational culture, and the recurrent need to prove competence. The opportunities identified are related to technical performance, institutional recognition, participation in strategic projects, and support from professional networks. The overcoming of the Glass Ceiling occurred progressively, sustained by persistence, dedication, experiential learning, and professional and personal support, even in the face of the persistence of organizational barriers. The study contributes theoretically by deepening the understanding of the Glass Ceiling in the field of Brazilian auditing. As a practical contribution, the findings provide input for people management in identifying barriers and opportunities related to the promotion of gender equity in leadership positions. The social contribution lies in making visible the experiences and challenges faced by women auditors. Thu, 19 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/48881 2026-02-19T00:00:00Z https://repositorio.ufu.br/handle/123456789/48713 Title: Burocracia representativa no serviço público federal: uma discussão de sua manifestação a partir do perfil e perspectiva de técnicos administrativos em educação Abstract: Considering the assumptions of the Theory of Representative Bureaucracy, according to which the composition of the public service should reflect social diversity, this study aimed to analyze the passive and active representation among administrative and technical staff working in accounting-related positions at the Federal University of Uberlândia, considering the social markers of gender, race, and disability. The study is grounded in the understanding that diversity within bureaucratic structures constitutes a relevant element for democratic legitimacy and for the responsiveness of public institutions to social demands, based on the theoretical contributions of Kingsley (1944), Mosher (1968), and Meier (1975). Methodologically, a mixed-methods paproach was adopted. Initially, a survey of the demographic and professional profile of administrative and technical staff in the investigated institutions was conducted using administrative data, considering variables such as gender, race/color, disability, and entry through affirmative action policies. Additionally, a qualitative analysis on representativeness and inclusion was developed, focusing on professionals working in accounting-related positions, with the Federal University of Uberlândia defined as the empirical locus of the study. The results indicate progress in access to public service for marginalized groups, but also reveal the limits of passive representation and the persistence of institutional asymmetries. It is concluded that bureaucratic representativeness depends on institutional conditions that enable the transformation of numerical presence into effective inclusion practices. As a contribution, this study advances the discussion on representative bureaucracy by focusing on an occupational group that remains underexplored in the literature, integrating demographic data with the perceptions of accounting professionals, and offering insights for institutional reflections on diversity, inclusion, and personnel management in federal higher education institutions. Thu, 26 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/48713 2026-02-26T00:00:00Z