A Relação Entre Governança Corporativa E Gerenciamento De Resultados Em Empresas Brasileiras

Edwards, Sr. Marcelo; Soares, Rodrigo Oliveira; Lima, Gerlando Sampaio de

doi:10.11606/rco.v7i19.55509

Cited by 15 publications

(25 citation statements)

References 9 publications

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“…In the robustness analysis, the earnings management by operational activities (Roychowdhury, 2006) also showed similar result. These findings are convergent with national and international evidence (Barros et al, 2013;Cunha & Piccoli, 2017;González & García-Meca, 2014;Haw et al, 2011;Iturriaga & Hoffman, 2005;Iqbal & Strong, 2010;Siregar & Utama, 2008;Zalata & Roberts, 2015).…”

Section: Robustness Analysissupporting

confidence: 81%

“…The negative relationship between corporate governance and earnings management was also found in British firms (Iqbal & Strong, 2010, Zalata & Roberts, 2015, Indonesian firms (Siregar and Utama, 2008), Chilean firms (Iturriaga & Hoffman, 2005), East Asia firms (Haw et al, 2011) and Latin America firms (Gonzalez &García-Meca, 2014). In Brazil, evidence is aligned with previous studies (Barros et al, 2013;Cunha & Piccoli, 2017). However, in Brazil, there is no evidence of the relationship between corporate governance and earnings management by classification shifting.…”

Section: Based Onsupporting

confidence: 78%

“…Revista BASEv.17, n.1, janeiro/março 2020 The main contribution of this paper is that, in Brazilian context, there is no previous studies that analyzed earnings management by classification shifting, and it was found similar results to international evidence. In Brazil, some studies have analyzed the relationship between earnings management and corporate governance under the use of other type of earnings management (Barros et al, 2013;Cunha & Piccoli, 2017& Martinez, 2011. The result of this paper reinforces that the practice of earnings management can be reduced when firms have the best practices of corporate governance.…”

supporting

confidence: 63%

“…In the Latin context, which has civil legal system, is also verified that there is inconsistency regarding the relationship between corporate governance and earnings management. Some studies show that corporate governance is able to reduce earnings management (Iturriaga & Hoffmann, 2005;Prencipe & Bar-Yosef, 2011;Barros et al, 2013;Gonzalez & García-Meca, 2014;Cunha & Piccoli, 2017). Other researches, in turn, have shown inconsistencies, whether due to the use of various metrics for earnings management and corporate governance, or by failure to observe consistent results over time (Martinez, 2011;Erfurth & Bezerra, 2013;Mazzioni et al, 2015).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

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Gerenciamento de resultados por mudança de classificação e governança corporativa no Brasil

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Parente

2020

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Section: Robustness Analysissupporting

confidence: 81%

Section: Based Onsupporting

confidence: 78%

supporting

confidence: 63%

Section: Hypothesis Developmentmentioning

confidence: 99%

See 2 more Smart Citations

Gerenciamento de resultados por mudança de classificação e governança corporativa no Brasil

Góis

Parente

2020

BASE

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“…Visando testar os resultados, adotou-se o modelo KS proposto por Kang e Sivaramakrishnan (1995) para a proxy de gerenciamento de resultados, tal escolha visa testar a cultura frente a dois modelos, sendo o modelo KS amplamente utilizado em estudos sobre GR (Martinez, 2008;Barros et al, 2013;Erfurth & Bezerra, 2013…”

Section: Análise De Robustezunclassified

O impacto das diferenças culturais na governança corporativa: uma análise do nível país e regional

Arantes¹

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The aim of this study was to understand an aspect that has been little explored when it comes to corporate governance, which is the possible influence of a country's culture on corporate governance's practices. In the last decades several studies have tried to understand the determinants of corporate governance both at country and firm level. Studies as the one of La Porta, Lopez-de-Silanes, Shleifer and Vishny (2000) for example, presents aspects of a country's legal system and minority shareholders' protection as important factors in differentiating CG practices between countries and companies. Most part of the studies on culture do not measure cultural aspects for a quantitative analysis, however, Hofstede proposed a model able to assign values to cultural dimensions, which enable the occurrence of several quantitative studies involving countries' cultural aspects. Considering such a scenario, the overall goal of this research is to analyze the relation between culture and earnings management. To do so, this research was divided into two studies, which are;-Study 1) Verify whether the general culture of a country could influence organizations' transparency, which would be reflected in the level of earnings management;-Study 2) Verify in more restricted terms, if Brazilian regional culture could influence companies' earnings management. In order to achieve the objective of Study 1, we used factorial analysis to group cultural dimensions and regression to analyze variables' relation for the sample of companies listed on the stock markets of Brazil, Argentina, Mexico, Chile, Colombia, Peru and United States. For Study 2 we used regression with panel data for the sample of Brazilian companies, separating companies by their headquarters' region, in order to identify possible regional cultural traits. According to the literature, corporate governance's concept is multidimensional, involving mechanisms related to the board of directors; ownership structure and control; minority shareholders' protection; managers' compensation and information transparency. This study focuses on the latter one, as it represents communication with investors. We measured transparency through two different metrics: (a) Leuz, Nanda and Wisocki (2003), which proposes to measure the quality of the published information through measures of financial data smoothing; and (b) Kang and Sivaramakrishnan (1995) which assess discretionary accruals and non-discretionary accruals, which was named as the KS model. The results from Study 1 suggest that among the different cultural dimensions analyzed, countries of a more individualistic society (represented by the dimensions Affective Autonomy and Intellectual Autonomy) tend to demand higher levels of transparency. With regard regional aspect in Brazil, it was shown by Study 2 that regions where society is more risk-averse, earnings management are higher (model Leuz et al, 2003). It has been also observed that in regions where society is more focused on long-term planning there is a higher management of...

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Gerenciamento de resultados em períodos de eleições presidenciais no Brasil

Rodrigues de Souza,

Vianna Brugni,

Costa Ribeiro Prates

et al. 2023

Braz. Rev. Fin.

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O objetivo do artigo é verificar se empresas com conexões políticas apresentam níveis de gerenciamento de resultados (GR) significativamente diferentes das outras empresas em períodos de eleição presidencial. Utilizaram-se modelos de dados em painel em uma amostra com 2.272 empresas listadas na B3 de 2010 a 2019. Para verificação da ocorrência de GR por accruals e decisões operacionais utilizaram-se os modelos de Jones modificado (Dechow et al., 1995) e de Roychowdhury (2006) respectivamente. Os resultados indicam que as empresas em geral aumentam o GR por accruals em anos eleitorais. Porém, as empresas conectadas apresentaram um maior GR por accruals que as não conectadas e esse comportamento não se modificou em anos eleitorais. Porém, as empresas conectadas apresentaram menos GR por decisões operacionais que as empresas não conectadas. Os períodos eleitorais não interferiram no nível e nem na diferença do GR por decisões operacionais entre empresas conectadas e não conectadas. Os achados trazem novas perspectivas sobre os efeitos das conexões políticas e GR no mercado brasileiro.

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A Relação Entre Governança Corporativa E Gerenciamento De Resultados Em Empresas Brasileiras

Cited by 15 publications

References 9 publications

Gerenciamento de resultados por mudança de classificação e governança corporativa no Brasil

Gerenciamento de resultados por mudança de classificação e governança corporativa no Brasil

O impacto das diferenças culturais na governança corporativa: uma análise do nível país e regional

Gerenciamento de resultados em períodos de eleições presidenciais no Brasil

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