Dear readers, it is a pleasure to announce the third edition of 2018. I reinforce the news that we have had since the last editorial: the arrival of Prof. Dr. Luiz Felipe Pontes de A. P. Girão from UFPB as associate editor, and BBR performing the translation to Portuguese of articles submitted by non-Portuguese-speaking authors. I would also like to reiterate our deep gratitude for all the work by Prof. Márcio A. V. Machado, who has always developed a high-quality work as our associate editor, and who made room to his colleague of the UFPB in a rotation process that the BBR routinely performs.
In this edition we bring some more news. We asked Scielo to include BBR in Figshare (https://scielo.figshare.com), a platform dedicated to the dissemination of scientific research. With this initiative we intend to give more visibility to the studies published in the journal, bringing a tangible benefit to both the authors and the scientific community. The other news is that the BBR began to require that the citations be in the APA format (6th edition), an internationally accepted standard. We believe it is another important initiative within the strategy of internationalization of the journal, removing another barrier that was imposed on foreign authors.
Before presenting the articles, I would like to highlight the generalist nature of BBR. This edition presents a good balance between articles that place greater focus on the areas of Accounting & Finance, and those in the area of Administration. The "Business" in the name of the journal refers to this diversity of perspectives within business, which we believe complement and draw a more accurate picture of the area.
The first article presents a survey of the Brazilian research related to capital markets. Pinheiro, Tomaz, Bueno and Silva study publications within a long period from 1961 to 2016 in high impact journals, forming an interesting panorama of the last decades http://bit.ly/2FvQxt5.
Next, Oliveira and Coelho study whether an accounting standard that places greater focus on providing information to the market has any impact on the performance of analysts. Verifying if a new standard if having positive effects in the market is an important theme, related to the evaluation of effectiveness of public policies http://bit.ly/2I3wY0x.
Following, Araújo, Lustosa and Dantas study the cyclicity of the provision for bad debts (PBD) in Brazilian banks. The results, which indicate procyclicity of PBD, are of particular interest to regulators http://bit.ly/2rbQq1q.
The fourth article enters the Business Administration area. Bazanini and Machado Junior bring an interesting insight into the dynamics of the business network in megachurches, like the Temple of Solomon of the Universal Church of the Kingdom of God. The findings reveal an operation based on market logic http://bit.ly/2I0kgjd.
Cassio-de-Souza and Ogasavara investigate the relationship between transnational distance and survival of subsidiaries abroad. Using European data, the results indicate that these distances play an important role in determining the mortality of the subsidiaries, giving important clues to strategic decisions related to international operations http://bit.ly/2HEoe1w.
Last but not least, Petry, Amal and Floriani complement Cassio-de-Souza and Ogasavara, using Brazilian data and measures of institutional distance, and including one more factor, that of the company being located in a regional cluster. Institutional distance presents a similar result to that by Cassio-de-Souza and Ogasavara, with negative impact on the subsidiary''s performance, whereas being located in a cluster has the opposite effect http://bit.ly/2rcaKzS.