Manuel Castelo Branco

Manuel Castelo Branco
University of Porto | UP · Faculty of Economics

PhD

About

100
Publications
37,549
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5,166
Citations
Citations since 2016
49 Research Items
3838 Citations
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600

Publications

Publications (100)
Article
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 i...
Article
Full-text available
Responding to calls for studies examining corporate sustainability (CS) in a seaport setting, this study analyzes the Portuguese case since it is little known, despite some pioneering initiatives of Portuguese seaports as the development of the Logistic Single Window. Following a qualitative approach, information was collected through semi-structur...
Article
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Research on auditing professionals’ perceptions of non-financial reporting and its assurance is relatively scarce, and the majority of the existing studies pay little attention to the assurance aspect. Our study contributes to strengthening this type of research by investigating Portuguese audit professionals’ perceptions of non-financial reporting...
Article
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Main aim: This paper examines the main topics of research in the literature studying the topic of sustainability in small and medium-sized enterprises (SME), and aims at presenting a future research agenda. Method: We conducted a systematic literature review based on articles published between 2000 and 2020. From an initial set of 88 papers taken f...
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The principles of the circular economy play a central role in the global economy, and its application is suggested in the context of business and urban development for creating cities capable of reinventing themselves in the long term. The main objective of this study is to assess the perception of the inhabitants of the city of Leiria (Portugal) r...
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Drawing on resource-based theory, we analyze the relationship between having LGBT executives in a firm’s leadership positions and its value and financial performance. The existence of LGBT executives is considered to be associated with employee and customer goodwill towards LGBT-friendly policies and practices and to lead to human capital and reput...
Article
This study compares the sustainability reporting practices of family companies with those of their non-family counterparts and examines whether the former owned by billionaires engage differently with sustainability reporting compared to their counterparts. The empirical analysis is based on 360 companies from 17 European countries. A propensity sc...
Chapter
In this chapter, the relation between the tax behaviour of corporations and CSR is explored. The negative consequences of corporate tax avoidance and evasion are emphasised, namely those affecting nations and corporations. The argument that the pernicious social consequences of the generalised use of certain tax minimization strategies by corporati...
Chapter
In this chapter the role of CSR in the fight against corruption is explored. Discussions on corruption and its effects, especially the negative ones on societies and corporations, as well as on how the CSR-related instruments presented in the previous chapter may help in the fight against corruption, are offered. The fight against corruption is ana...
Chapter
In this chapter the view of the corporation that underpins the perspective on CSR upon which this book rests is presented. Similar to the previous one, this chapter helps setting the stage for the subsequent discussion of the issues on which this book focuses. The dominant theories of the corporation (the artificial entity, real entity, and aggrega...
Chapter
In this chapter the views of the economy, ethics, development, and the relationship between them that underpin the perspective on CSR upon which this book rests are presented. The chapter helps setting the stage for the subsequent discussion of the issues on which this book focuses. The concept of sustainable human development associated with the w...
Chapter
This final chapter serves to emphasise the idea that one cannot address corporate corruption and irresponsible tax behaviour without also addressing a broad range of other practices that also pertain to the interface between politics and business, ranging from the revolving door phenomenon to lobbying. Such practices are inextricably linked with co...
Chapter
In this chapter the perspective on CSR upon which this book rests is presented. Similar to the previous two chapters, this one helps setting the stage for the subsequent discussion of the issues on which this book focuses. The concept of CSR is linked to sustainable human development. The typology of corporate responsibilities developed by Cécile R...
Article
Full-text available
This study aims to understand the meaning created by Itaú Unibanco’s internal actors in the Integrated Reporting (IR) processes. An interpretative approach based on Karl Weick’s sensemaking perspective is adopted. A case study methodology was adopted for undertaking the empirical work. The results show that IR identity in the institution is related...
Article
Purpose This paper aims to examine the relationship between board demographic diversity and human rights reporting for a sample of large Western European companies. Design/methodology/approach Grounded on resource dependence theory, the authors hypothesize that greater gender, age and nationality diversities will translate into enhanced levels of...
Book
This book introduces in an accessible way how CSR and its reporting are being used to address problems of corruption and tax evasion or tax avoidance. It discusses the efforts, both of organizations and governments to integrate these issues into CSR practices and the developments that have occurred at the levels of national and international legisl...
Chapter
The focus of this text is on public Country-by-Country (CbC) reporting, in the form of the Reports on Payments to Governments, rather than on CbC reporting to tax authorities. CbC reporting to tax authorities is also an important way of addressing the concerns mentioned above. This reporting for multinational companies in now well-known because of...
Article
Full-text available
Institutional environment demands from organizations to be accountable for their social and environmental actions and to provide information allowing the assessment of their long-term prospects for profitability may lead organizations to adopt Impression Management (IM) tactics to manage perceptions. Consequently, organizations may provide accounts...
Article
This article investigates whether different levels of investor protection affect the equity market’s valuation of non-controlling interests (NCIs) in a consolidated corporate entity. Using a set of publicly listed European firms, our findings suggest a positive (negative) association of NCIs with parent companies’ share prices in countries with low...
Article
Purpose This study aims to address the topic of ethics, responsibility and sustainability (ERS) orientation of students enrolled in schools of economics and management master’s degrees. It examines the effect of educational background and gender on Portuguese students’ orientation towards ERS, as well as the extent to which there is a relation betw...
Article
Purpose This paper aims to examine the relation between firms’ political connections and corporate social responsibility (CSR) reporting in Portugal. The authors argue that in settings where the existence of political connections are viewed as damaging collective interests of stakeholders, political connected firms can deal with legitimacy issues f...
Article
Purpose Based on a lens of analysis combining legitimacy and stakeholder theories, this paper aims to explore some factors which influence anti-corruption (AC) reporting in large multinationals from emerging countries. Design/methodology/approach An ordinal logistic regression is used to assess the relation between the AC reporting and multination...
Article
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In the current study, we examine the changes in disclosure practices on compliance and the fight against corruption at Siemens AG, a large German multinational corporation, over the period 2000–2011 during which a major corruption scandal was revealed. More specifically, we conduct a content analysis of the company’s annual reports and sustainabili...
Article
This study examines the association between different types of dependency on resources and/or pressures from the international community and the reporting practices on the fight against corruption of companies in an emerging country setting, that of Turkey. More specifically, we focus on the influence of multinationality, cross-listing, and members...
Article
Albeit indirectly, through its lending and investing, the financial sector can contribute substantially to achieve sustainable development. One of such practices concerns investment on or financing of entities that deal with environmentally or socially sensitive transactions (gambling, tobacco, alcohol, arms, etc.). Although there is a wealth of li...
Article
Purpose The purpose of this paper is to examine differences in corporate social responsibility (CSR) reporting on the websites of football clubs based in five European countries with different levels of football corporatisation. Design/methodology/approach The study examines CSR reporting on the internet by football clubs based in five European co...
Article
Full-text available
This study investigates the sustainability reporting practices of companies based in the Nordic and the Mediterranean European countries for the period 2013–2015. Its purpose is to analyse to what extent, if any, are there differences in these practices. It seeks to capture the influence of national institutions and firm specific characteristics in...
Conference Paper
In the so-called knowledge economy, organizations’ value is mostly a consequence of the development of their Intellectual Capital (IC) and Higher Education Organizations (HEO) are not an exception. Such organizations are considered crucial agents in this type of society due to their main role in the creation and dissemination of knowledge. HEOs hav...
Article
This paper analyses the relation between countries’ cultural characteristics and anti‐corruption disclosure. In particular, it extends prior research and examines whether country‐level secrecy also appears to impact differences in this type of disclosure, while controlling for factors previously shown to matter. Using Transparency International rat...
Article
Purpose The purpose of this paper is to compare the way in which gender and propensity to risk are associated in two samples, one of entrepreneurs and the other of non-entrepreneurs, while controlling for other factors, namely, national cultures. Design/methodology/approach On the basis of data from 19 advanced countries, and by using two differ...
Article
The purpose of this paper is to explore the main factors that are behind the creation and deterioration of a meta-organization’s Collective Intellectual Capital. It also seeks to understand how these factors are articulated in the production of such effects. This paper presents a case study conducted in a Portuguese seaport. The complexity of the i...
Article
Purpose This paper aims to ascertain whether a company with a solid reputation for corporate sustainability leadership deems its workforce to be as important as its external stakeholders when developing and communicating its sustainability activities, and to evaluate its workforce’s recognition of such activities. Design/methodology/approach To ac...
Article
This paper expands prior International Financial Reporting Standards (IFRS) accounting systems’ classifications to a broader set of 27 countries where IFRS adoption is a widespread practice, as well as the US. It examines the issue of whether a US model of accounting that includes countries which have adopted IFRS exists. The results suggest a clas...
Article
Purpose The purpose of this study is to examine whether firms from countries presenting higher levels of corruption are more likely to have higher levels of earnings management than their counterparts from countries with lower levels of corruption. It also explicitly examines how this relationship compares between emerging and developed economies....
Article
Introdução A corrupção e a evasão e fraude fiscais contam-se entre as práticas das empresas que mais influenciam a confiança que os cidadãos têm nestas. O recente Edelman Trust Barometer – Global Report, de 2017, questionou “o que podem as empresas fazer que mais prejudicaria a sua confiança num mundo melhor?” (Edelman, 2017). Entre as três ações m...
Article
Purpose In this study, we investigate whether differences in media exposure regarding corporate corruption appear to influence companies’ anti-corruption disclosures. We also examine whether the level of press freedom in firms’ home countries affects disclosure and the impact of media exposure in different ways. Design/methodology/approach We us...
Article
Purpose The purpose of this paper is to discuss how the management of collective intellectual capital (CIC) occurs in a seaport through the actions of the network coordinator. Design/methodology/approach A case study was conducted in a seaport, focusing on the actions taken by a network coordinator – a port authority – to develop the seaport’s C...
Chapter
This study analyzes Standard & Poor’s 500 Index top 250 companies’ responses to Bloomberg’s disclosed calculations of CEO pay ratios. The results suggest that CEO pay ratios, CEO compensations and average worker compensations do not seem to be related to the decision to respond. They also indicate that many of the corporations have adopted a strate...
Article
The aim of this paper is to examine the influence of Portuguese Foundation’s characteristics on their annual report disclosure practices. Data were collected from 142 Foundations in Portugal, which represents 50.9% of the Portuguese foundational sector. Supported by a Structural Equation Model (SEM), this study evaluates cause–effect relationship b...
Article
In this paper, we examine the investor response to the issuance of Transparency International’s (TI) 2012 and 2014 Transparency in Corporate Reporting: Assessing the World’s Largest Companies reports. Building on prior studies of political cost-inducing events in the environmental domain, we anticipate a negative market reaction, although we argue...
Article
Full-text available
The main purpose of this paper is to discuss whether it is possible to achieve human development without or with less economic growth. For this to happen, it is important that developed countries can maintain high levels of human development while reducing the scale of production and consumption so that developing countries can achieve greater econ...
Article
Purpose – The purpose of this paper is to discuss and analyse how intellectual capital (IC) is created and deteriorated in a meta-organization by assessing the interdependency between the collective IC of the meta-organization and the individual IC of its members. Design/methodology/approach – A case study conducted in a seaport is adopted to expl...
Article
Purpose – This paper aims to synthesize the extant research on earnings management in family firms. Design/methodology/approach – The paper reviews the current state of knowledge about earnings management in family firms, identifying the main theoretical frameworks used in the empirical research on the topic, as well as the main types of said rese...
Chapter
This descriptive study explores the state of CSR education and research in Portugal. It aims to depict the state of CSR in Portugal, in particular in what concerns the nature and the extent of education and research on CSR being undertaken in Portugal. The methodology used includes analysis of relevant literature and of business schools’ websites,...
Article
Purpose – The purpose of this paper is to analyse the disclosure of information on the fight against corruption in the sustainability reports of Portuguese companies. Design/methodology/approach – Anti-corruption disclosure in the sustainability reports for 2009 of Portuguese firms, published on the website of the Portugal’s Business Council for S...
Article
This paper expands the IFRS accounting systems’ classification proposed by Nobes [(2011). IFRS practices and the persistence of accounting system classification. Abacus, 47(3), 267–283] to a broader set of European countries. The results suggest a classification distinguishing between four groups of European countries, and add to the evidence, repo...
Article
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Purpose – The purpose of this paper is to provide a descriptive comprehensive analysis of sustainability reporting (SR) and assurance in Portugal after the onset of the most recent economic crisis. Design/methodology/approach – The authors analyze 290 sustainability reports for the years 2008, 2009, 2010 and 2011, and find those that include assur...
Article
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This study characterizes the results of scientific research on the effect of adopting the International Financial Reporting Standards (IFRS) that have been published in the most prestigious scientific journals in the field of accounting at the international level and it identifies avenues for further research. Based on the analysis of a set of 67 a...
Article
Telefone: +351 225 571 100 RESUMO Este estudo analisa o efeito da adoção das International Financial Reporting Standards (IFRS) no valor relevante da informação contábil apresentada pelas empresas brasileiras de capital aberto e a influência do nível de governança corporativa neste processo de mudança do normativo local para o normativo internacion...
Article
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In this study we examine the sustainability reporting practices and sustainability strategies of a leading Portuguese cement company. The Portuguese cement industry had to deal since 1997 with scrutiny and pressure because of its involvement in co-incineration of hazardous industrial waste. Grounded on a lens of analysis combining legitimacy theory...
Chapter
Although a high-income country, Portugal is one of the less developed European countries and social issues are deemed very important still today. CSR in Portugal is still focused on such issues. In the wake of a tradition of social intervention institutions, under the dictatorship regime (1926–1974), some of the larger companies developed a paterna...
Article
Full-text available
Telefone: +351 225 571 100 RESUMO Este estudo analisa o efeito da adoção das International Financial Reporting Standards (IFRS) no valor relevante da informação contábil apresentada pelas empresas brasileiras de capital aberto e a influência do nível de governança corporativa neste processo de mudança do normativo local para o normativo internacion...
Chapter
This study analyzes the impact of the process of IFRS adoption on earnings management in the emerging country that is probably the most important in the world economy that has adopted in full the IFRS, Brazil. We examine earnings distributions for discontinuities around thresholds before and after IFRS adoption for a sample of Brazilian listed firm...
Article
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4th GECAMB -Conference on Environmental Management and Accounting -The Portuguese CSEAR Conference Resumo: A corrupção representa um obstáculo ao desenvolvimento político, social e económico, tendo-se já transformado numa parte importante da responsabilidade social das empresas. A assunção da sua responsabilidade social por parte das empresas impli...
Article
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Purpose – The purpose of this paper is to compare the internet and annual reports as media of intellectual capital disclosure (ICD) and analyse its determinants. Design/methodology/approach – The paper examines ICD on the internet in 2009 and compares the internet and 2008 annual reports as disclosure media using content analysis. Non-parametric s...
Article
Purpose – The purpose of the paper is to provide an illustrative picture of how large corporations in a peripheral country such as Portugal engage in corporate social responsibility (CSR) practices and discuss the motivations underlying these practices. Design/methodology/approach – In this study, a case study methodology was used to explore CSR p...
Article
Purpose – This study investigates the use of the internet by the largest companies based in Sweden and Spain to communicate their engagement in corporate social responsibility (CSR) activities. Its purpose is to analyse to what extent, if any, are there differences in the CSR communication on the web sites companies from these two countries. Desig...
Article
Purpose – The paper aims to analyse the engagement in sustainability reporting assurance (SRA) by a sample of Portuguese firms between 2008 and 2011. Design/methodology/approach – Bivariate and multivariate non-parametric statistics is used to analyse some factors that influence the decision to have sustainability reports assured. Findings – Resu...
Article
Using a two-regime switching regression approach to account for the endogeneity of sustainability reputation, this study investigates whether the market valuation of two summary accounting measures, book value of equity and net income, is higher for firms with a reputation for sustainability leadership, when compared to firms that do not enjoy such...
Article
Full-text available
Purpose – This study investigates the use of the internet by the largest companies based in Sweden and Spain to communicate their engagement in corporate social responsibility (CSR) activities. Its purpose is to analyse to what extent, if any, are there differences in the CSR communication on the web sites companies from these two countries. Desig...
Article
This study investigates the factors that drive high levels of corporate sustainability performance in an emerging country, Brazil. The level of said performance is proxied by membership of the Bovespa Corporate Sustainability Index. Using a framework combining stakeholder theory and a resource-based perspective, we examine the incentives for Brazil...
Chapter
DefinitionA supply chain consists of all parties (manufacturers, suppliers, transporters, warehouses, retailers, and customers) and, within each organization, all the functions involved, directly or indirectly, in fulfilling a customer request (Chopra and Meindl 2010). Exactly what is supply chain management (SCM) is still being debated. While some...
Article
This paper explores the role of corporate social responsibility and the reporting thereof in the fight against corruption. A special focus is laid on the international endeavors to improve transparency through reporting, and the paper elaborates extensively on the United Nations Global Compact (UNGC), the Organisation for Economic Co-operation and...
Article
This study analyzes annual reports as media of intellectual capital disclosure (ICD) by Portuguese listed companies using a costs/benefits theoretical framework. According to this framework companies have an incentive to disclose voluntary information when the benefits to be derived from additional disclosure are perceived to outweigh the associate...
Article
Full-text available
This study provides empirical evidence on how corporate sustainability performance (CSP), as proxied by membership of the Dow Jones sustainability index, is reflected in the market value of equity. Using a theoretical framework combining institutional perspectives, stakeholder theory, and resource-based perspectives, we develop a set of hypotheses...
Article
Purpose This descriptive paper seeks to explore the role of Portuguese academics within corporate social responsibility and disclosure (CSR&D) research. It aims to give some insight into the nature and the extent of research on CSR&D being undertaken by Portuguese authors. Design/methodology/approach This review specifically targeted international...
Article
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Purpose – The purpose of this paper is to analyse annual reports as media of intellectual capital disclosure (ICD) by Portuguese listed companies and to evaluate size, industry and time effects on disclosure as well as the effects of ICD on the growth of a company. Design/methodology/approach – The paper examines ICD in 2004, 2006 and 2008 annual r...
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Purpose The purpose of this paper is to obtain pertinent information pertaining to benefits accomplished, main difficulties felt, and key lessons learned in the implementation of lean Six Sigma (LSS), which are likely to be helpful to financial services organizations wanting to implement the same tool. Design/methodology/approach This paper report...
Article
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This descriptive paper explores the role of Southern European academics within social and environmental accounting (SEA) research. It is the fi rst survey on SEA research in Southern Europe. This review specifi cally targeted international journals to see how much Southern European research had penetrated the international SEA academic discourse. T...
Article
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Purpose The purpose of this paper is to examine the social responsibility disclosure (SRD) on the internet by Portuguese companies which are engaged in processes of obtaining or enhancing a good social responsibility reputation and are confident of having a good social performance pertaining to the human resources area – the best companies to work...
Article
This study compares the Internet (corporate web pages) and annual reports as media of social responsibility disclosure (SRD) and analyses what influences disclosure. It examines SRD on the Internet by Portuguese listed companies in 2004 and compares the Internet and 2003 annual reports as disclosure media. The results are interpreted through the le...
Article
Purpose – The purpose of this paper is to examine changes in levels of voluntary environmental disclosures of Cimpor and Secil in response to increased public awareness of its activities resulting from the co-incineration controversy in Portugal. Design/methodology/approach – The annual reports of Cimpor and Secil for the period 1994-2003 are analy...
Article
This study, grounded in legitimacy theory (LT), examines social responsibility disclosure (SRD) on the Internet by Portuguese banks in 2004 and 2005. It compares these disclosures with those made in annual reports in 2003 and 2004. According to LT, companies with a higher public visibility are expected to exhibit greater concern to improve the corp...
Article
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This paper provides an analysis of some relevant issues in corporate social and environmental reporting (CSER) research by way of review of relevant literature. Issues in the following two main areas of CSER research are identified: the methodologies used to capture empirical data on CSER; and how to theoretically interpret the trends of CSER. An o...
Article
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Accounting and its standards contribute to the stable functioning of socioeconomic life. Due to the importance of accounting as a social knowledge creation and communication mechanism, and due to the role of accounting standards in mediating the relations between different economic agents, they should be analyzed with reference to the concept of in...
Article
Full-text available
Accounting and its standards contribute to the stable functioning of socioeconomic life. Due to the importance of accounting as a social knowledge creation and communication mechanism, and due to the role of accounting standards in mediating the relations between different economic agents, they should be analyzed with reference to the concept of in...
Article
Firms engage in corporate social responsibility (CSR) because they consider that some kind of competitive advantage accrues to them. We contend that resource-based perspectives (RBP) are useful to understand why firms engage in CSR activities and disclosure. From a resource-based perspective CSR is seen as providing internal or external benefits, o...
Article
Full-text available
Purpose The purpose of this paper is to ascertain whether Portuguese banks use their web sites as a medium to disclose social responsibility information and identify what types of this kind of information they disclose, and compare such disclosure with similar disclosure in annual reports. Design/methodology/approach Examines social responsibility...
Article
This study examines social responsibility information disclosure on the Internet by Portuguese listed companies in 2003 and also analyses annual reports as a disclosure medium for those companies which disclose such information on their web pages. The results are interpreted through the lens of legitimacy theory, according to which companies disclo...
Article
Full-text available
As estruturas conceptuais da informação financeira têm procurado definir, nomeadamente, os objectivos subjacentes à preparação e apresentação da informação financeira, as características qualitativas dessa informação, os elementos das demonstrações financeiras e os critérios para o seu reconhecimento e mensuração. Neste trabalho, procura-se mostrar...
Article
Este artigo analisa a contabilidade financeira e as normas contabilísticas como desempenhando uma função de mediação nas relações entre as pessoas, envolvendo questões de natureza política e moral. Nesta perspectiva, é necessário fazer da equidade no tratamento das diferentes partes interessadas na regulação contabilística um objectivo desta. Isto...
Article
A contabilidade contribui de forma decisiva para a existência de estabilidade do financiamento da vida sócio-económica. Isto é assim, em primeiro lugar, porque oferece aos diversos agentes sociais uma base comum de raciocínio para o entendimento da realidade em e sobre que agem e produz a informação necessária para fundamentar as suas decisões. Nes...

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