Accrualls e risco sistemático nas empresas brasileiras

Junior, José Luciano de Oliveira; Nossa, Valcemiro; Nossa, Silvania Neris; Oliveira, Edvan Soares de

doi:10.21680/2176-9036.2023v15n1id28150

Cited by 1 publication

(2 citation statements)

References 29 publications

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“…As for discretionary accruals, the second proxy for accounting information quality, Table 2 shows a mean of -0.0012, providing evidence that this earnings management strategy has been used more to reduce company profits, contrary to those that were exposed by Santana et al (2020). Moreover, it is verified that the income management by discretionary accruals showed high heterogeneity, suggesting that the companies in the sample have different levels regarding the quality of their information, which may be a factor that explains the high oscillation verified in systematic risk, corroborating what was found by Oliveira Junior et al (2023).…”

Section: Resultssupporting

confidence: 80%

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Accounting information quality and systematic risk on the brazilian stock market

Teodósio¹,

Medeiros²,

Vasconcelos³

et al. 2023

Rev. Cat. Cien. Cont.

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This study evaluated the association between accounting information quality and systematic risk on the Brazilian stock market based on a sample of 208 firms traded on B3 S/A Brasil, Bolsa, Balcão (1,675 observations) from 2010-2019. The systematic risk was measured with the beta coefficient, while accounting information quality was proxied by revenue predictability and earnings management by discretionary accruals. The data were analyzed with descriptive statistics and least ordinary squares multiple regressions on panel data and quantile regressions. The results showed earnings management by discretionary accruals and low revenue predictability were positively associated with systematic risk. In other words, there is evidence that the lower the accounting information quality in Brazilian firms, the greater the market risk. Our findings not only enrich the debate on the role of accounting information quality in emerging markets such as Brazil, but may subsidize investors in their decision-making by showing how accounting information quality impacts corporate risk and point to how managers can reduce systematic risk and equity costs.

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Section: Resultssupporting

confidence: 80%

“…Thus, there is evidence that earnings management by discretionary accruals positively influences systematic risk, not rejecting the second subhypothesis (H1b). These findings are convergent with those of Moura et al (2015), Xing andYan (2019), andOliveira Junior et al (2023) and divergent from the results found by Nardi et al (2009).…”

Section: Variablesupporting

confidence: 58%