The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por eng |
Título da fonte: | Revista Catarinense da Ciência Contábil (Online) |
Texto Completo: | https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250 |
Resumo: | The objective of the study was to analyze the influence of corporate governance (CG) and external control mechanisms on the trade-off among results management strategies by discretionary accruals and by operational decisions. The sample consisted of 177 companies listed in B³. Corporate governance was investigated through the index developed by Leal et al. (2015). The results management was captured by Paulo’s model (2007) in the case of discretionary accruals, by the Roychowdhury’s model (2006) in the case of operational expenses and the Vuong’s test (1989) for the trade-off among these strategies. The study extends the investigations in the scope of results management by investigating whether endogenous (corporate governance) and exogenous (external control mechanisms) facts to the company influence the managers in their options by managing the results by discretionary accruals or operational decisions. In the results, it was verified that corporate governance and external control mechanisms influence the trade-off among the outcome strategies. The presence of these variables led managers to prioritize management utilization through discretionary accruals to the detriment of management through operational decisions. The research contributes to the literature on results management by detecting variables that influence the managers’ discretionary decisions as to which management strategy to use, bringing practical contributions to signaling to the stakeholders that governance and external control mechanisms are effective in their role of inhibiting results management. |
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The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategiesA influência da Governança Corporativa e dos mecanismos externos de controle no trade-off entre as estratégias de gerenciamento de resultadosEstrutura de GovernançaPrevisões de AnalistasInvestidores InstitucionaisRating de CréditoTeste de VoungGovernance StructureAnalysts’ PredictionsInstitutional InvestorsCredit RatingVoung’s TestThe objective of the study was to analyze the influence of corporate governance (CG) and external control mechanisms on the trade-off among results management strategies by discretionary accruals and by operational decisions. The sample consisted of 177 companies listed in B³. Corporate governance was investigated through the index developed by Leal et al. (2015). The results management was captured by Paulo’s model (2007) in the case of discretionary accruals, by the Roychowdhury’s model (2006) in the case of operational expenses and the Vuong’s test (1989) for the trade-off among these strategies. The study extends the investigations in the scope of results management by investigating whether endogenous (corporate governance) and exogenous (external control mechanisms) facts to the company influence the managers in their options by managing the results by discretionary accruals or operational decisions. In the results, it was verified that corporate governance and external control mechanisms influence the trade-off among the outcome strategies. The presence of these variables led managers to prioritize management utilization through discretionary accruals to the detriment of management through operational decisions. The research contributes to the literature on results management by detecting variables that influence the managers’ discretionary decisions as to which management strategy to use, bringing practical contributions to signaling to the stakeholders that governance and external control mechanisms are effective in their role of inhibiting results management.O estudo teve por objetivo analisar a influência da governança corporativa (GC) e de mecanismos externos de controle no trade-off entre as estratégias de gerenciamento de resultados por accruals discricionários e por decisões operacionais. A amostra foi composta por 177 empresas listadas na B³. A governança corporativa foi investigada por meio do índice desenvolvido por Leal et al. (2015). O gerenciamento de resultados foi captado pelo modelo de Paulo (2007) no caso dos accruals discricionários, pelo modelo de Roychowdhury (2006) no caso das despesas operacionais e o teste de Vuong (1989) para o trade-off entre essas estratégias. O estudo amplia as investigações no âmbito do gerenciamento de resultados ao investigar se fatos endógenos (governança corporativa) e exógenos (mecanismos externos de controle) à empresa influenciam os gestores em suas opções por gerenciarem os resultados pelos accruals discricionários ou pelas decisões operacionais. Nos resultados, verificou-se que a governança corporativa e os mecanismos externos de controle influenciam no trade-off entre as estratégias de resultado. A presença destas variáveis levou os gestores a priorizarem a utilização do gerenciamento por meio dos accruals discricionários em detrimento do gerenciamento por meio das decisões operacionais. A pesquisa contribui com a literatura sobre gerenciamento de resultados ao detectar variáveis que influenciam nas decisões discricionárias dos gestores quanto a qual estratégia de gerenciamento utilizar, trazendo contribuições práticas ao sinalizar para os stakeholders que a governança e os mecanismos externos de controle são eficazes em seu papel de inibirem o gerenciamento de resultados.Conselho Regional de Contabilidade de Santa Catarina2022-07-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfapplication/ziptext/xmlhttps://revista.crcsc.org.br/index.php/CRCSC/article/view/325010.16930/2237-766220223250Revista Catarinense da Ciência Contábil; v. 21 (2022): RCCC; e32502237-76621808-378110.16930/2237-76622022reponame:Revista Catarinense da Ciência Contábil (Online)instname:Conselho Regional de Contabilidade de Santa Catarina (CRCSC)instacron:CRCSCporenghttps://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2381https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2382https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2403https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/240410.16930/10.16930/2237-766220223250110.16930/10.16930/2237-7662202232502Copyright (c) 2022 Revista Catarinense da Ciência Contábilhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessTelles, Rafael Scuizato Moraes, Romildo de Oliveira2022-07-06T08:46:05Zoai:ojs.pkp.sfu.ca:article/3250Revistahttp://www.atena.org.br/revista/ojs-2.2.3-06/index.php/crcscPRIhttp://revista.crcsc.org.br/revista/ojs-2.2.3-06/index.php/CRCSC/oai||revista@crcsc.org.br2237-76621808-3781opendoar:2022-07-06T08:46:05Revista Catarinense da Ciência Contábil (Online) - Conselho Regional de Contabilidade de Santa Catarina (CRCSC)false |
dc.title.none.fl_str_mv |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies A influência da Governança Corporativa e dos mecanismos externos de controle no trade-off entre as estratégias de gerenciamento de resultados |
title |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
spellingShingle |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies Telles, Rafael Scuizato Estrutura de Governança Previsões de Analistas Investidores Institucionais Rating de Crédito Teste de Voung Governance Structure Analysts’ Predictions Institutional Investors Credit Rating Voung’s Test |
title_short |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
title_full |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
title_fullStr |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
title_full_unstemmed |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
title_sort |
The influence of Corporate Governance and the external mechanisms of control in trade-off among results management strategies |
author |
Telles, Rafael Scuizato |
author_facet |
Telles, Rafael Scuizato Moraes, Romildo de Oliveira |
author_role |
author |
author2 |
Moraes, Romildo de Oliveira |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Telles, Rafael Scuizato Moraes, Romildo de Oliveira |
dc.subject.por.fl_str_mv |
Estrutura de Governança Previsões de Analistas Investidores Institucionais Rating de Crédito Teste de Voung Governance Structure Analysts’ Predictions Institutional Investors Credit Rating Voung’s Test |
topic |
Estrutura de Governança Previsões de Analistas Investidores Institucionais Rating de Crédito Teste de Voung Governance Structure Analysts’ Predictions Institutional Investors Credit Rating Voung’s Test |
description |
The objective of the study was to analyze the influence of corporate governance (CG) and external control mechanisms on the trade-off among results management strategies by discretionary accruals and by operational decisions. The sample consisted of 177 companies listed in B³. Corporate governance was investigated through the index developed by Leal et al. (2015). The results management was captured by Paulo’s model (2007) in the case of discretionary accruals, by the Roychowdhury’s model (2006) in the case of operational expenses and the Vuong’s test (1989) for the trade-off among these strategies. The study extends the investigations in the scope of results management by investigating whether endogenous (corporate governance) and exogenous (external control mechanisms) facts to the company influence the managers in their options by managing the results by discretionary accruals or operational decisions. In the results, it was verified that corporate governance and external control mechanisms influence the trade-off among the outcome strategies. The presence of these variables led managers to prioritize management utilization through discretionary accruals to the detriment of management through operational decisions. The research contributes to the literature on results management by detecting variables that influence the managers’ discretionary decisions as to which management strategy to use, bringing practical contributions to signaling to the stakeholders that governance and external control mechanisms are effective in their role of inhibiting results management. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-07-05 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250 10.16930/2237-766220223250 |
url |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250 |
identifier_str_mv |
10.16930/2237-766220223250 |
dc.language.iso.fl_str_mv |
por eng |
language |
por eng |
dc.relation.none.fl_str_mv |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2381 https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2382 https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2403 https://revista.crcsc.org.br/index.php/CRCSC/article/view/3250/2404 10.16930/10.16930/2237-7662202232501 10.16930/10.16930/2237-7662202232502 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Revista Catarinense da Ciência Contábil https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Revista Catarinense da Ciência Contábil https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf application/zip text/xml |
dc.publisher.none.fl_str_mv |
Conselho Regional de Contabilidade de Santa Catarina |
publisher.none.fl_str_mv |
Conselho Regional de Contabilidade de Santa Catarina |
dc.source.none.fl_str_mv |
Revista Catarinense da Ciência Contábil; v. 21 (2022): RCCC; e3250 2237-7662 1808-3781 10.16930/2237-76622022 reponame:Revista Catarinense da Ciência Contábil (Online) instname:Conselho Regional de Contabilidade de Santa Catarina (CRCSC) instacron:CRCSC |
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Conselho Regional de Contabilidade de Santa Catarina (CRCSC) |
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CRCSC |
institution |
CRCSC |
reponame_str |
Revista Catarinense da Ciência Contábil (Online) |
collection |
Revista Catarinense da Ciência Contábil (Online) |
repository.name.fl_str_mv |
Revista Catarinense da Ciência Contábil (Online) - Conselho Regional de Contabilidade de Santa Catarina (CRCSC) |
repository.mail.fl_str_mv |
||revista@crcsc.org.br |
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