Value added analysis and its distribution: a study on BOVESPA-listed banks using ANOVA

  • Leonardo José Seixas Pinto Universidade Federal Fluminense
  • Fátima de Souza Freire Universidade de Brasília
DOI: https://doi.org/10.4025/enfoque.v32i1.20496
Keywords: Value added, Banks, Wealth, Brazil.

Abstract

The value added generated by the financial institutions listed on BOVESPA and its distribution in the years between 2007 to 2011 are the subject of this research which shows how banks divided his wealth with the people, government, third parties and shareholders. Through the use of ANOVA test average in the companies that took part in this research concluded that: (a) the average value added of foreign banks differs from national banks. (b) The remuneration policy of equity foreign banks differs from national banks. (c) The policy of distribution of value added to employees of foreign banks Santander and HSBC differs from the other banks. (d) Taxes paid to the government have equal means with the exception of Santander. (e) Although curious, Banco Itau and Banco do Brazil is equal in all analyzes in the distribution of value added since it is a private and one public. It appears this way a policy unequal distribution of wealth generation and foreign banks compared with the national public and private banks.

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Author Biographies

Leonardo José Seixas Pinto, Universidade Federal Fluminense

Aluno do doutorado em Ciências Contábeis do Programa Multi-institucional UnB, UFPB e UFRN desde 2012, mestre em Ciências Contábeis pela UERJ, pós graduado em Finanças e Gestão Empresarial pela UCAM e graduado em Ciências Contábeis pela UNESA. Professor Assistente 40h/DE da Universidade Federal Fluminense.


Fátima de Souza Freire, Universidade de Brasília
Atualmente realiza estágio de Pós-doutorado em Responsabilidade Socioambiental na University Saint Andrews, Escócia com bolsa do CNPq (2012-2013). Doutora e mestre em Economia pela Université des Sciences Sociales de Toulouse I, França, Especialista em Matemática Aplicada em Finanças e Economia pela Universidade de Brasília; Graduada em Contabilidade pela Universidade Federal do Ceará. É Professora Associada do Departamento de Ciências Contábeis e Atuariais da Universidade de Brasília (UnB) e do Programa de Pós-graduação em Contabilidade da UnB/UFPB/UFRN.
Published
2013-05-03
How to Cite
Pinto, L. J. S., & Freire, F. de S. (2013). Value added analysis and its distribution: a study on BOVESPA-listed banks using ANOVA. Enfoque: Reflexão Contábil, 32(1), 65-75. https://doi.org/10.4025/enfoque.v32i1.20496
Issue
Vol 32 No 1 (2013)
Section
Original Articles

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