ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1878 |
Resumo: | The objective of this paper is to empirically test the relation between the levels of voluntary disclosure and earnings management of Brazilian public companies. Firstly, according to the existing literature, it is expected a negative relation between these two corporate practices. The underlying idea is that more transparent companies would manage less their earnings. In order to reach that goal, a total of 100 companies had their practices of the years ended in 2006, 2007 and 2008 analyzed. The level of voluntary disclosure was analyzed based on a disclosure index composed of 92 types of information divided in 2 dimensions: economic (43) and socio-environmental (49). For earnings management proxy it was used the Jones (1991) model. The relation between voluntary disclosure and earnings management was figured out through a simultaneous equation model, where, first, the level of discretionary accruals is explained based on the level of voluntary disclosure and a group of controlling variables and, subsequently, voluntary disclosure is explained based on the accruals and other controlling variables. As the main result of this research, it was found that an increase in the economic disclosure does reduce the level of discretionary accruals. |
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ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENTESCOLHAS CONTÁBEIS NO MERCADO BRASILEIRO: DIVULGAÇÃO VOLUNTÁRIA DE INFORMAÇÕES VERSUS GERENCIAMENTO DE RESULTADOSAccounting choicesDiscretionary disclosureEarnings managementSimultaneous equationsBrazil.ContabilidadeContabilidade FinanceiraEscolhas Contábeis The objective of this paper is to empirically test the relation between the levels of voluntary disclosure and earnings management of Brazilian public companies. Firstly, according to the existing literature, it is expected a negative relation between these two corporate practices. The underlying idea is that more transparent companies would manage less their earnings. In order to reach that goal, a total of 100 companies had their practices of the years ended in 2006, 2007 and 2008 analyzed. The level of voluntary disclosure was analyzed based on a disclosure index composed of 92 types of information divided in 2 dimensions: economic (43) and socio-environmental (49). For earnings management proxy it was used the Jones (1991) model. The relation between voluntary disclosure and earnings management was figured out through a simultaneous equation model, where, first, the level of discretionary accruals is explained based on the level of voluntary disclosure and a group of controlling variables and, subsequently, voluntary disclosure is explained based on the accruals and other controlling variables. As the main result of this research, it was found that an increase in the economic disclosure does reduce the level of discretionary accruals. O objetivo desta pesquisa é testar empiricamente a relação entre o nível de disclosure voluntário e o nível de gerenciamento de resultados das companhias abertas no Brasil. A priori, de acordo com a literatura existente, espera-se uma relação negativa entre essas duas práticas empresariais. A ideia subjacente é que empresas mais transparentes gerenciam menos seus resultados. Para consecução deste objetivo, 100 empresas foram analisadas nos exercícios findos em 2006, 2007 e 2008. O nível de disclosure voluntário das empresas foi analisado a partir de uma métrica composta por 92 tipos de informação dividida em duas grandes dimensões: econômica (43) e socioambiental (49). Já como proxy para o gerenciamento de resultados utilizou-se o modelo de Jones (1991). A relação entre o nível de disclosure voluntário e o gerenciamento de lucro foi operacionalizada por meio de um modelo de equações simultâneas onde, primeiramente, o nível de accruals discricionário é explicado pelo nível de disclosure voluntário e por um conjunto de variáveis de controle e posteriormente, o nível de disclosure voluntário é explicado pelos accruals e variáveis de controle. Como principal resultado deste estudo tem-se que um aumento no disclosure econômico diminui o nível de accruals discricionários.Universidade Regional de Blumenau2011-06-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/187810.4270/ruc.20117Revista Universo Contábil; v. 7 n. 2 (2011); 28-441809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1878/1597Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessMurcia, Fernando Dal-RiWuerges, Artur2011-07-31T23:33:08Zoai:ojs.bu.furb.br:article/1878Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2011-07-31T23:33:08Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT ESCOLHAS CONTÁBEIS NO MERCADO BRASILEIRO: DIVULGAÇÃO VOLUNTÁRIA DE INFORMAÇÕES VERSUS GERENCIAMENTO DE RESULTADOS |
title |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
spellingShingle |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT Murcia, Fernando Dal-Ri Accounting choices Discretionary disclosure Earnings management Simultaneous equations Brazil. Contabilidade Contabilidade Financeira Escolhas Contábeis |
title_short |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
title_full |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
title_fullStr |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
title_full_unstemmed |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
title_sort |
ACCOUNTING CHOICES IN THE BRAZILIAN MARKET: VOLUNTARY DISCLOSURE VERSUS EARNINGS MANAGEMENT |
author |
Murcia, Fernando Dal-Ri |
author_facet |
Murcia, Fernando Dal-Ri Wuerges, Artur |
author_role |
author |
author2 |
Wuerges, Artur |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Murcia, Fernando Dal-Ri Wuerges, Artur |
dc.subject.por.fl_str_mv |
Accounting choices Discretionary disclosure Earnings management Simultaneous equations Brazil. Contabilidade Contabilidade Financeira Escolhas Contábeis |
topic |
Accounting choices Discretionary disclosure Earnings management Simultaneous equations Brazil. Contabilidade Contabilidade Financeira Escolhas Contábeis |
description |
The objective of this paper is to empirically test the relation between the levels of voluntary disclosure and earnings management of Brazilian public companies. Firstly, according to the existing literature, it is expected a negative relation between these two corporate practices. The underlying idea is that more transparent companies would manage less their earnings. In order to reach that goal, a total of 100 companies had their practices of the years ended in 2006, 2007 and 2008 analyzed. The level of voluntary disclosure was analyzed based on a disclosure index composed of 92 types of information divided in 2 dimensions: economic (43) and socio-environmental (49). For earnings management proxy it was used the Jones (1991) model. The relation between voluntary disclosure and earnings management was figured out through a simultaneous equation model, where, first, the level of discretionary accruals is explained based on the level of voluntary disclosure and a group of controlling variables and, subsequently, voluntary disclosure is explained based on the accruals and other controlling variables. As the main result of this research, it was found that an increase in the economic disclosure does reduce the level of discretionary accruals. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-06-29 |
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://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1878 10.4270/ruc.20117 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1878 |
identifier_str_mv |
10.4270/ruc.20117 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1878/1597 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 7 n. 2 (2011); 28-44 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
_version_ |
1798945115524300800 |