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Purpose This study seeks to collaborate with the discussions on the usefulness of the narrative approach in accounting. In this context, this study aims to elaborate small collective stories, developed from interviews, to expose the population’s perception of the social and environmental impact (positive and negative externalities) resulting from iron ore mining in the city of Congonhas-Minas Gerais (MG). Design/methodology/approach This research, using counternarratives, aims to elaborate small collective stories, developed from 52 interviews, to expose the population’s perception of externalities resulting from the exploitation of iron ore in the city of Congonhas-MG, Brazil, to give more insight for social and environmental accounting reporting. A qualitative investigation is used with a narrative approach that focuses on a specific event in the participants’ lives. Findings The authors sought to create a sense of collective experiences of the interviewees through narratives representative of the residents’ perception of externalities in the form of small collective stories. However, it can be observed that the local population recognizes the impact of numerous externalities. Likewise, the use of narratives allows the reader to experience another reality – a reflection on the impact of business activities in a given context. Unlike conventional corporate social reporting, models based on qualitative information can be inclusive, produced by/for the community toward action that transforms the local reality. Originality/value This study intends to contribute to the debate on reporting models that are developed by and for external stakeholders. This approach has the potential to improve participants’ both awareness and engagement, supporting transformative social action. This study makes several contributions. It contributes to the literature with a narrative approach, which is not often used in the accounting literature; it brings insights from the Latin American context, which is especially valuable given how the Anglo-American accounting literature includes few papers addressing this context; it presents the view of marginalized communities that are too often overlooked (this narrative approach offers important insights into the lived experience of people at a very granular level).

Resumo: O presente estudo analisou as relações entre Governança Corporativa, Risco e Endividamento e seus impactos no Desempenho Financeiro e no Valor das firmas. Com uma amostra composta por 639 observações de firmas brasileiras listadas na BM&FBovespa, e tendo como recorte temporal o período de 2013 a 2015, utilizou-se a técnica PLS-SEM, em escalas formativas. A título de resultados, foi possível suportar as hipóteses de relacionamento entre Endividamento e Desempenho Financeiro, Endividamento e Risco, Desempenho Financeiro e Valor de Mercado e entre Endividamento e Governança nas análises compreendendo todas as observações e após a segmentação pelo porte das firmas. Através do controle do porte das firmas, foi possível corroborar ainda as relações entre Endividamento e Valor de Mercado, Risco e Desempenho Financeiro e entre Governança e Valor de Mercado apenas para empresas de maior tamanho. Complementarmente, os relacionamentos entre Risco e Valor de mercado, Governança e Desempenho Financeiro e entre Governança e Risco mostraram-se coerentes, especialmente, para empresas de menor tamanho, logo, o porte mostrou-se uma variável relevante para as teorizações analisadas. Por fim, após o controle do ano, notou-se que a instabilidade política e econômica, de forma significativa e sistemática, influenciou as relações teóricas, sendo, imprescindível, nesse aspecto, efetuar o controle do tempo quando o interesse for capturar as complexas relações

The study aimed to analyze if the information about comprehensive income (CI) and its individual components have predictive power to determine the Operating Cash Flow of the subsequent period (OCFt+1) at the Brazilian capital market companies. The research methodology has used financial data collected from Economatica® and CVM databases. The sample selection was performed considering the availability of variables: OCFt+1 and share prices. The period analyzed comprehended the years 2012-2014. It were used quantitative valuation techniques, establishing two moments of study: the first moment by testing the hypothesis that CI has greater predictive power than Net Income (NI) for forecasting OCFt+1 (528 firms/years); and the second moment by testing the hypothesis that CI and its components have a value relevance at the Brazilian capital market (605 firms/years). The results