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Translation and validation of the Graham‐Harvey survey for the Brazilian context

Author

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  • Marcos Alencar Abaide Balbinotti
  • Cristiane Benetti
  • Paulo Renato Soares Terra

Abstract

Purpose - The purpose of this paper is to report on the systematic translation and content validation method used to produce the Brazilian Portuguese version of theDuke Special Survey on Corporate Policyby Graham and Harvey. Design/methodology/approach - In accordance with the requirements for cross‐cultural application of surveys, the paper accounts for obvious differences in language, culture, and the institutional setting and employ well‐known techniques from the field of psychology, such as the use of backtranslation, to ensure faithfulness to the original survey. A panel of experts served as judges in evaluating the clarity of language and the practical pertinence and theoretical dimensions of the questionnaire. Coefficients of content validity for each item and for the instrument as a whole are reported. Findings - The results illustrate how a questionnaire designed for one country should be rigorously translated and validated prior to use in another country. Research limitations/implications - Although the content validity of the translated version of theDuke Special Survey on Corporate Policyfor use in Brazil is generally satisfactory, a few items may prove to be a challenge for the Brazilian CFO to answer, particularly those questions concerning features that are uncommon in the Brazilian financial market. Originality/value - This paper explores the field study method in finance by borrowing from the vast experience of psychology research in the rigorous translation and validation of survey instruments. This study also highlights the similarities and differences in the interpretation of questions between emerging and developed markets.

Suggested Citation

  • Marcos Alencar Abaide Balbinotti & Cristiane Benetti & Paulo Renato Soares Terra, 2007. "Translation and validation of the Graham‐Harvey survey for the Brazilian context," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 3(1), pages 26-48, January.
    • Handle: RePEc:eme:ijmfpp:v:3:y:2007:i:1:p:26-48
    DOI: 10.1108/17439130710721644
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    References listed on IDEAS

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    1. Dirk Brounen & Abe de Jong & Kees Koedijk, 2004. "Corporate Finance in Europe: Confronting Theory with Practice," Financial Management, Financial Management Association, vol. 33(4), Winter.
    2. Brounen, D. & de Jong, A. & Koedijk, C.G., 2004. "Corporate Finance In Europe Confronting Theory With Practice," ERIM Report Series Research in Management ERS-2004-002-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
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    Cited by:

    1. Robert W Faff & Stephen Gray & Kelvin Jui Keng Tan, 2016. "A contemporary view of corporate finance theory, empirical evidence and practice," Australian Journal of Management, Australian School of Business, vol. 41(4), pages 662-686, November.
    2. Mendes-da-Silva, Wesley & Saito, Richard, 2014. "Listagem em bolsa induz sofisticação do orçamento de capital," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 54(5), September.
    3. Sureka, Riya & Kumar, Satish & Colombage, Sisira & Abedin, Mohammad Zoynul, 2022. "Five decades of research on capital budgeting – A systematic review and future research agenda," Research in International Business and Finance, Elsevier, vol. 60(C).

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