Maldonado, Isabel
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Maldonado
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Isabel
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Isabel Maldonado
Biography
Isabel Maldonado has a PhD in Financial Economics and Accountancy from the University of Vigo, Spain, an MSc in Finance from the Portucalense University, Porto, and a degree in Management from Portucalense University. Currently is an Professor at Instituto Superior de Contabilidade e Administração do Porto (ISCAP), teaching in the areas of General/Financial Accounting, Analytical Accounting/Management, Report and Accounts Analysis and Auditing. She is a researcher at REMIT - Research on Economics, Management and Information Technologies of Universidade Portucalense, at GOVCOPP - Research Unit on Governance, Competitiveness and Public Policies of Universidade de Aveiro and at OSEAN, in the areas of Accounting, Auditing and Finance.
Docente na UPT até 2023.
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1D1D-3612-D593Research Projects
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REMIT – Research on Economics, Management and Information Technologies
Centro de investigação que que tem como objetivo principal produzir e disseminar conhecimento teórico e aplicado que possibilite uma maior compreensão das dinâmicas e tendências económicas, empresariais, territoriais e tecnológicas do mundo contemporâneo e dos seus efeitos socioeconómicos. O REMIT adota uma perspetiva multidisciplinar que integra vários domínios científicos: Economia e Gestão; Ciências e Tecnologia; Turismo, Património e Cultura.
Founded in 2017, REMIT – Research on Economics, Management and Information Technologies is a research unit of Portucalense University. Based on a multidisciplinary and interdisciplinary perspective it aims at responding to social challenges through a holistic approach involving a wide range of scientific fields such as Economics, Management, Science, Technology, Tourism, Heritage and Culture.
Grounded on the production of advanced scientific knowledge, REMIT has a special focus on its application to the resolution of real issues and challenges, having as strategic orientations:
- the understanding of local, national and international environment;
- the development of activities oriented to professional practice, namely in the business world.
46 results
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Publication Restricted Access Migration and export performance: The role of the diaspora remittances2024-03-26 - Pacheco, Luís Miguel; Maldonado, Isabel; Lobo, Carla AzevedoMigration and international trade represent two fundamental and interconnected aspects of globalization. This paper studies the impact of migration on bilateral trade, using data for remittances as a proxy for migrants in an augmented panel data gravity model framework. Using data for Portuguese bilateral trade with 187 countries for the period 2008-2017, and controlling for other determinants of trade through a standard gravity model, we find that there is a significant impact of remittances on bilateral trade both in terms of exports and imports, particularly regarding some specific types of goods. The evidence of a significant relation between migration and trade has important implications, since it can provide policymakers an alternative option to promote trade and internationalization beyond conventional trade policy.Publication Open Access O impacto de Big Data na Auditoria Financeira: Uma proposta de pesquisas futuras2019 - Cláudio, Miriam; Maldonado, IsabelA forma como são tratados os dados está a mudar radicalmente e remodelando a gestão e os processos organizacionais. A quantidade de informação disponível atualmente é inúmera e continua a crescer, e podemos vivenciar isso através do fenómeno de Big Data. Este artigo aborda o conceito e a aplicabilidade de Big Data na auditoria financeira. Com base na literatura são apresentadas as vantagens e a possibilidade de aplicar-se Big Data nos trabalhos de uma auditoria financeira abordando também os desafios que os auditores terão para potenciar esses benefícios nas suas auditorias. Além disso são discutidos os possíveis obstáculos que poderão ser apresentados por parte dos auditores à utilização de Big Data. Também são apresentadas hipóteses de pesquisas futuras que podem ser abordadas como forma de explorar a utilização de Big Data nas empresas de auditoria.Publication Open Access The goodwill relevance in cash flow forecasting: The Portuguese case2019 - Pinho, Carlos; Maldonado, IsabelThis study aims to analyse in what extent goodwill and goodwill impairment losses are relevant to the flows forecasting in Portugal. We explore the goodwill and goodwill impairments losses forecasting ability to predict cash flows using multiple linear regression models with one-year-ahead cash flows as a dependent variable in each regression model and including the goodwill and goodwill impairment losses in the independent variables. Our sample includes Portuguese companies consolidated annual reports belonging to the PSI-20 index and covers the period between 2010 and 2017. Regression results from the estimated models show that our key variable goodwill is statistically significant, indicating that the goodwill have significant predictive ability for one-year ahead cash flows being an important variable to consider by the users of financial statements in forecasting future cash flows and in making economic decisions. The reported goodwill impairment losses results reveal a significative and negative sign for its estimated coefficient. However, the estimates coefficient on goodwill is negative, raising the question whether the goodwill reported by Portuguese entities is really perceived as an "productive asset" or not.Publication Open Access Inducing factors that can affect the success of internationalization: Comparative study for Portuguese firms2019 - Maldonado, Isabel; Pacheco, Luís Miguel; Lobo, Carla AzevedoThe challenges that companies face in their internationalization strategy are naturally demanding. If we think that this strategy is no longer exclusive to large companies, we can easily understand all the research that has been carried out on this subject and more specifically on the approach to SMEs. Even so, little has been discussed about the relationship that can be established between the different strategic approaches to internationalization and the factors that entrepreneurs most value in this entrepreneurial process. Based on an exhaustive literature review, in addition to determining the driving factors of the internationalization strategy that Portuguese entrepreneurs most value, this research aims to assess, through a comparative study between the entrepreneurs' perspectives in 2014 and 2019, the possible oscillations in the international strategies of Portuguese entrepreneurs during the period of economic crisis (2014) and a post-crisis period (2019). To achieve these objectives, we used data from a questionnaire sent to "exporting companies and/or companies interested in exporting" from the AICEP - Portugal Global Database, in 2014 and later in 2019.Publication Open Access Recessions in Portugal: the predictive power of term structure of interest rates components2018 - Pinho, Carlos; Maldonado, IsabelIn this paper we present a study of the predictive ability of the term structure of interest rates over future recessions in Portugal. The analysis will be based on factor models in which the term structure of interest rates is determined by latent factors, corresponding to their level, slope and curvature. Simple and modified probit and logit models will be used to examine the forecasting ability of term structure in predicting economic crises (recessions). Recession periods were determined based on the methodology proposed by Bry and Boschan. Our results suggest that all term structure of interest rates components allow to predict recessions in one-year time horizons, with an increase in adjustment quality when we include an autoregressive term as the explanatory variable.Publication Open Access Big data and financial auditing in Portugal2020-07-15 - Cláudio, Miriam; Pinho, Carlos; Maldonado, IsabelOver time, new instruments have been developed that allow us to collect, store, process and analyse more and more information. However, financial auditors are faced with what is now called the Big Data phenomenon. The objective of this article is to determine the impact that Big Data is having on financial auditing in Portugal and how auditors perceive this new scenario. For this purpose, a questionnaire was prepared and released among Portuguese professional auditors. According to the results obtained, most of the respondents are familiar with the Big Data concept but also consider that the information currently collected is sufficient to support auditing conclusions. These professionals assume that they feel limitations when faced with large amounts of data and that the current tools are not prepared for the analysis of large amounts of data, not to mention Big Data analysis. Regarding the efforts that can be made to increase knowledge of the Big Data in the auditing profession, the great majority are not aware of any professional or complementary training that mentioned the Big Data theme provided by the professional order. Our responses analysis leads to conclude that despite the impact that Big Data is having on society in general, a large number of audit professionals in Portugal are still not prepared to deal with this phenomenon.Publication Open Access Do ISO certifications enhance internationalization? The case of portuguese industrial SMEs2022-01-25 - Maldonado, Isabel; Lobo, Carla Azevedo; Pacheco, Luís MiguelIn the last decades, the academic literature has devoted considerable attention to the determinants of export performance. In result of those research efforts in identifying and examining the influence of such determinants, the literature presents a wide set of variables associated with higher levels of exports. This paper provides a contribution to that literature by trying to evidence the impact of firm certification—namely, in terms of the firm’s quality, environmental, and health and safety management systems—on export performance. The paper analyses an unbalanced sample of 1684 Portuguese industrial SMEs for the period 2010 to 2020, uses other determinants of internationalization as control variables, and explores the possibility of moderating effects on the certification–internationalization relationship. Two alternative econometric methods are employed: a random-effects model and a Tobit model. The results evidence the importance for firms, especially in the low or medium–low technology sectors, to have certain ISO certifications in order to further develop their export activities and increase their foreign acceptance, particularly in the European Union markets. Further, certification seems to reinforce the positive relation between firm size and internationalization.Publication Open Access The importance of internationalization strategy for innovation in Portuguese firms2020-08 - Durão, Natércia; Santos-Pereira, Carla; Azevedo, Mónica; Maldonado, Isabel; Lobo, Carla AzevedoInnovation and internationalization seem to be vital strategies for the survival and growth of companies facing an increasingly competitive global environment. The twoway link between these two factors has become a topic of interest among researchers. Although innovation and internationalization are highly related activities, the role played by innovation in the internationalization process of firms has been analysed by internationalization, others consider that innovation can be a consequence of internationalization process. Given the great importance of small and medium-sized enterprises (SMEs) for the growth of economies, part of literature has paid special attention to this kind of enterprises. The aim of this study is to explore the relationship between innovation and internationalization within Portuguese firms, in particular to analyse whether Portuguese entrepreneurs consider innovation as an important factor in the process of internationalisation. To achieve this goals, we will use descriptive and inferential data analysis techniques.Publication Open Access The impact of ECB announcements on the Eurozone financial markets2017 - Pinho, Carlos; Sousa, Clara Filipa Ferreira de; Maldonado, IsabelIn this work we analyze the reaction of financial markets, shareholders and bondholders of the euro area, to monetary policy announcements by the European Central Bank (ECB). The research was based on the event study methodology, based on 91 notices relating to monetary policy, issued during the period 1 January 2008 to 31 December 2012. The results provide some empirical evidence of the information content of monetary policy announcements, as we found evidence of abnormal returns around the announcement day. The results show that markets react differently to good and bad news. The results also indicate different reactions of different euro zone countries to the same announcements. In the euro area, the news of ECB monetary policy, have a greater impact on the bond market than on the equity market.Publication Open Access A self‑employed taxpayer experimental study on trust, power, and tax compliance in eleven countries2022-11-23 - Batrancea, Larissa; Nichita, Anca; De Agostini, Ruggero; Batista Narcizo, Fabricio; Forte, Denis; Mamede, Samuel de Paiva Neves; Roux‑Cesar, Ana Maria; Nedev, Bozhidar; Vitek, Leoš; Pántya, József; Salamzadeh, Aidin; Nduka, Eleanya K.; Kudła, Janusz; Kopyt, Mateusz; Isaga, Nsubili; Benk, Serkan; Budak, Tamer; Maldonado, Isabel; Pacheco, Luís MiguelThe slippery slope framework explains tax compliance along two main dimensions, trust in authorities and power of authorities, which infuence taxpayers’ compliance attitudes. Through frequentist and Bayesian analyses, we investigated the framework’s assumptions on a sample of 2786 self-employed taxpayers from eleven post-communist and non-post-communist countries doing business in fve economic branches. After using scenarios that experimentally manipulated trust and power, our results confrmed the framework’s assumptions regarding the attitudes of the self-employed taxpayers; trust and power fostered intended tax compliance and diminished tax evasion, trust boosted voluntary tax compliance, whereas power increased enforced tax compliance. Additionally, self-employed taxpayers from post-communist countries reported higher intended tax compliance and lower tax evasion than those from non post-communist countries. Our results ofer tax authorities insights into how trust and power may contribute to obtaining and maintaining high tax compliance levels amid global economic challenges, downturns, and increasing tax compliance costs.