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GCG Journal Volume 18 Number 2


The Journal of Globalization, Competitiveness, and Governability, published by Georgetown University, aims to become a source of new ideas about the effects of globalization on the competitiveness and governability of businesses and countries in Latin America, and particularly on the tools available to managers and politicians to design better strategies to
benefit their respective businesses and countries.

Editor in Chief (Editor Jefe):

Professor Ricardo Ernst, Georgetown University, USA

Senior Editor (Editor Senior):

Professor Jose Ignacio Lopez-Sanchez, Complutense University of Madrid, Spain

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May 1, 2024

GCG Journal Volume 18 Number 2

Author: Ricardo Ernst

In the first article, Ana Rita Velez, Fábio Albuquerque, and Vera Pinto (Lisbon Polytechnic Institute, Portugal) analyze, between 2018 and 2021, the possible explanatory factors of the options made by European entities listed on Euronext in their cash flow statements box, in the light of institutional theory, agency theory and positive accounting theory. From logistic regression models, the results indicated that interest, whether paid or received, is mostly classified as operating cash flow, dividends paid as financing cash flow, and dividends received as operating cash flow or investment. They also show a preference for the indirect method of presenting operating cash flows. Finally, location, sector, size, debt and profitability turned out to be explanatory factors for the cash flow options chosen by the organizations.

Maria Isaura da Costa Neta and Robério Dantas de França (Universidade Federal da Paraíba – UFPB, Brazil) analyze the impact of the economic crisis generated by the pandemic on the ETR (“Effective Tax Rate”) of 453 Brazilian companies listed in the period of 2012 to 2021, in addition to addressing government relief measures and identifying the determinants of ETR. The study revealed the impact of the crisis on the Total, Current and Differential ETR, as well as the statistical significance of the determinants of the ETR. The authors conclude that publicly traded Brazilian companies benefited from tax measures, including the suspension of paying federal income taxes during the pandemic, along with other tax benefits. And, in addition, they highlight that the relevance of this study lies in understanding the fiscal behavior of companies and the appropriateness of the orientation of public support policies during the crisis.

In the context of the problems and tasks of the accounting professional that can be optimized with Artificial Intelligence applications, Marcelo Machado de Freitas (Universidade Federal de Santa Catarina, Brazil), Jonatas Dutra Sallaberry (Universidade do Contestado, Brazil), Thiago Bruno de Jesus Silva (Universidade Federal do Recôncavo da Bahia, Brazil) and Fabrícia Silva da Rosa (Universidade Federal de Santa Catarina, Brazil) try to identify and evaluate the performance of the ChatGPT tool, GPT-4.0 model, in solving questions of the Proficiency Exam Accounting, as an indicator of problems in accounting activity. For this verification, they incorporate questions from four editions of the Exam in ChatGPT 4.0. The authors highlight the positive result in the four editions in which only between 20 and 23% of the candidates were approved, while the detailed performance showed 71% of the correct answers for ChatGPT compared to 44% for correct questions from the candidates.

In the following article, Gustavo Henrique Mueller (Universidade Federal do Rio Grande, Brazil), Anderson Betti Frare (Universidade Federal de Santa Maria, Brazil), Errol Fernando Zepka Pereira Júnior (Universidade Federal de Santa Catarina, Brazil), Lívia Castro D'Ávila and Ana Paula Capuano da Cruz (Universidade Federal do Rio Grande, Brazil), analyze the effects of sources of knowledge (internal and external) on the culture of innovation and frugal innovation in a sample of 85 social startups using a partial least squares structural equation model. For the authors, the results suggest that internal knowledge sources promote innovation culture directly and frugal innovation indirectly, while external knowledge sources have a direct impact on frugal innovation. As an additional analysis, the study reveals that the combination of knowledge sources (internal and external) is relevant to foster a culture of innovation.
Harrison Bachion Ceribeli, Raiza Barros Coelho, Fernanda Maria Felício Macedo Boava and Raoni de Oliveira Inácio (Universidade Federal de Ouro Preto, Brazil), try to investigate the expectations and perceptions of administrative technical staff working at a federal university before and after the implementation of teleworking. To do this, they carry out two rounds of interviews, one before the start of teleworking in the academic unit, where the interviewed officials were assigned, and another four months later. The data collected was analyzed using the Content Analysis technique. The authors conclude that officials had very positive expectations before the start of teleworking and also made it possible to identify the main benefits and disadvantages perceived post-implementation.

In the last article, Letícia Matiolli Grejo (Universidade Estadual do Paraná, Brazil), Rogério João Lunkes and Fabricia Silva da Rosa (Universidade Federal de Santa Catarina, Brazil) analyze the influence that commitment to sustainability, alignment with the SDGs and sustainable practices have on market value, considering the possible moderating effects on environmental performance. To achieve the objective, they analyze data from the B3 Corporate Sustainability Index of 121 companies, from the year 2022/2023. The research hypotheses were tested using structural equation modeling (PLS/SEM). For the authors, the results show that the commitment to sustainability and alignment with the SDGs, as well as sustainable practices, have a positive impact on the market value of the company, and that the effects of the use of sustainable practices on the market value are intensified by environmental performance.

I would once again like to thank all those who have made this journal possible: members of the Advisory Board, the Editorial Board, Editors and Associate Editors, assessors, authors and, last but not least, the readers.


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