<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0123-1472</journal-id>
<journal-title><![CDATA[Cuadernos de Contabilidad]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Contab.]]></abbrev-journal-title>
<issn>0123-1472</issn>
<publisher>
<publisher-name><![CDATA[Pontificia Universidad Javeriana]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0123-14722017000200147</article-id>
<article-id pub-id-type="doi">10.11144/javeriana.cc18-46.pdre</article-id>
<title-group>
<article-title xml:lang="pt"><![CDATA[Política de dividendos e reputação nas empresas mais responsáveis e com melhor governança corporativa]]></article-title>
<article-title xml:lang="en"><![CDATA[Dividend and reputation policy in companies that are more responsible and with better corporate governance]]></article-title>
<article-title xml:lang="es"><![CDATA[Política de dividendos y reputación en las empresas más responsables y con mejor gobernanza corporativa]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sousa da Silva]]></surname>
<given-names><![CDATA[Emanoel Mamede]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Carvalho de Vasconcelos]]></surname>
<given-names><![CDATA[Alessandra]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Nobre Parente]]></surname>
<given-names><![CDATA[Paulo Henrique]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mendes De Luca]]></surname>
<given-names><![CDATA[Márcia Martins]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidade Federal do Ceará  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brasil</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidade Federal do Ceará  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brasil</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Instituto Federal de Educação, Ciência e Tecnologia do Ceará  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brasil</country>
</aff>
<aff id="Af4">
<institution><![CDATA[,Universidade Federal do Ceará  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brasil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<volume>18</volume>
<numero>46</numero>
<fpage>147</fpage>
<lpage>163</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0123-14722017000200147&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0123-14722017000200147&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0123-14722017000200147&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo  O presente estudo investiga a correlação entre a política de dividendos e a reputação das empresas brasileiras listadas no ranking Merco 2014 das empresas mais responsáveis e com melhor governança corporativa. Os dados foram coletados nas demonstrações financeiras e nos formulários de referência de 39 empresas listadas na BM&amp;FBovespa, do ano 2013. Estes foram analisados para testar as hipóteses de que a política de dividendos &#8211;interpretada como um sinal de rentabilidade e redução da assimetria informacional&#8211; está correlacionada com a reputação corporativa. Os resultados foram submetidos à análise de homogeneidade, correspondência e correlação. Estes mostraram que (a) as empresas distribuem dividendos principalmente sob a forma de juros sobre capital próprio, (b) empresas familiares tendem a ter uma fraca política de dividendos e baixa reputação corporativa e (c) a política de dividendos está positivamente associada com a reputação corporativa. Assim, à luz da teoria da sinalização, pode-se concluir que a política de dividendos foi positivamente associada à reputação corporativa nas empresas incluídas na amostra. Códigos JEL: L14, M41]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract  In this study, we researched the existent correlation between dividend policy and reputation in firms listed on the 2014 Merco ranking of the most responsible companies with the best corporate governance. We collected information from financial reports and reference forms issued by 39 firms traded on BM&amp;FBovespa, for year 2013. We analyzed it to test the hypothesis that corporate dividend policy &#8211;interpreted as a sign of profitability and reduction of informational asymmetry&#8211; is correlated with corporate reputation. We performed homogeneity, correspondence and correlation analysis to the data. Our findings showed that (a) firms distributed dividends mostly in the form of interest on equity, (b) family-owned firms tended to have poor dividend policy and low corporate reputation and (c) the dividend policy was positively associated with corporate reputation. Thus, in light of the signaling theory, we may conclude that dividend policy was positively associated with corporate reputation in the sampled firms.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen  El presente estudio indaga la correlación entre la política de dividendos y la reputación de las empresas brasileñas enlistadas en el ranking Merco 2014 de las empresas más responsables y con mejor gobernanza corporativa. Los datos fueron recolectados en los estados financieros y en los formularios de referencia de 39 empresas enlistadas en la BM&amp;FBovespa del año 2013. Estos fueron analizados para probar las hipótesis de que la política de dividendos &#8211;interpretada como una señal de rentabilidad y reducción de la asimetría informacional&#8211; está correlacionada con la reputación corporativa. Los resultados fueron sometidos al análisis de homogeneidad, correspondencia y correlación. Ellos mostraron que (a) las empresas distribuyen dividendos principalmente bajo la forma de intereses sobre capital propio, (b) las empresas familiares tienden a tener una política débil de dividendos y baja reputación corporativa y (c) la política de dividendos está positivamente asociada con la reputación corporativa. Así, a la luz de la teoría de la señalización, se puede concluir que la política de dividendos fue positivamente asociada a la reputación corporativa en las empresas incluidas en la muestra.]]></p></abstract>
<kwd-group>
<kwd lng="pt"><![CDATA[Conteúdo informacional]]></kwd>
<kwd lng="pt"><![CDATA[teoria da sinalização]]></kwd>
<kwd lng="pt"><![CDATA[reputação corporativa]]></kwd>
<kwd lng="pt"><![CDATA[política de dividendos]]></kwd>
<kwd lng="en"><![CDATA[Information content]]></kwd>
<kwd lng="en"><![CDATA[signaling theory]]></kwd>
<kwd lng="en"><![CDATA[corporate reputation]]></kwd>
<kwd lng="en"><![CDATA[dividend policy]]></kwd>
<kwd lng="es"><![CDATA[Contenido informacional]]></kwd>
<kwd lng="es"><![CDATA[teoría de la señalización]]></kwd>
<kwd lng="es"><![CDATA[reputación corporativa]]></kwd>
<kwd lng="es"><![CDATA[política de dividendos]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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