Gerenciamento por decisões operacionais: alternativa para evitar reportar prejuízos

Abstract

O objetivo desse trabalho foi verificar se as empresas brasileiras listadas na Brasil, Bolsa, Balcão [B]3 utilizaram-se do gerenciamento de resultados por atividades reais para evitar reportar prejuízos. A amostra é composta por 157 empresas brasileiras de capital aberto, somando 1570 observações no período de 2008 a 2017. Utilizou-se o modelo de Roychowdhury (2006) para mensurar o gerenciamento de resultados. Para a análise dos dados, utilizaram-se os modelos de regressão linear múltipla. Quanto aos resultados, evidenciou-se que o gerenciamento de resultado baseado em decisões operacionais foi confirmado nas empresas que apresentaram margem de lucro entre 0 e 1%.

Deferred tax assets, earnings quality and their effects on bank results: Evidence from Brazil

“…of results (Pereira, 2017, França, 2018. Pereira and Tavares (2021) stated that there are several factors that support and show that DTA can demonstrate information about the quality of earnings and, in their studies, they showed that, for company-years with large differences in DTA, it is less persistent in future profits than for firm-years with small DTA differences. Zanon and Dantas (2020) showed in their studies that companies with a high volume (low volume) of DTA stock have a large Contextus -Contemporary Journal of Economics and Management (2024), 22, e91530 | (small) effect on earnings persistence and can be used as a proxy for earnings quality.…”

“…The Provision for Doubtful Credit (ΔPDCt-1) reflects an increase or reduction in bank profitability, expecting a positive coefficient, because, when the bank grants credit, its profitability is realized through the receipt of loans plus interest, however, when there is an increase in PDC, which means that profit will be provisioned in a future period, being a management variable to signal the current reduction in profit (Kanagaretnam, Krishnan, & Lobo, 2010). While the operating cost (CUSTOOPit) reflects the cost management capacity, reducing banks' profitability and, therefore, the coefficient is expected to be negative (Batten & Vo, 2019, Pereira & Tavares, 2021.…”

“…However, when the equity ratio is high, the debt ratio is low and the ability to amplify the operating result reduces. Therefore, the coefficient is expected to be negative (Pereira & Tavares, 2021). The relationship between customer deposits and total assets (DEPOSITOSit) represents the capacity to attract resources from the population, that is, if the mobilization capacity of a population is limited, banks will have to use alternative capital from the interbank market with rates of higher interest rates.…”

“…Loan growth is a proxy for contemporary credit risk (Pereira & Tavares, 2021). The size of the loan portfolio related to total assets may vary between banks, with those with more assets in the form of loans at the beginning of the period having a higher LOGEMPt-1.…”