Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras
Autor(a) principal: | |
---|---|
Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Repositório Institucional da UFG |
dARK ID: | ark:/38995/001300000163z |
Texto Completo: | http://repositorio.bc.ufg.br/tede/handle/tede/12085 |
Resumo: | The risk management disclosure is a way for companies to disclose to the stock market the risks to which they are exposed and how they manage these risks to bring better decision-making capacity to both their managers and their stakeholders. The objective of this study is to analyze the relationship between risk management disclosure and earnings management in Brazilian companies. The risk management disclosure can indicate better quality of financial reports and companies with better quality of financial reports, in turn, can have a negative influence on their accruals-based management and a positive influence on real earnings management. In addition, it can impact the trade-off between these earnings management. The sample consists of 182 companies listed on B3 between 2012 and 2020. To analyze earnings management, the Pae (2005) model was used to calculate accruals-based management and the Roychowdhury (2006) model for the calculation of real earnings management. To calculate risk management disclosure, two indices were measured, one called rigorous and the other, tolerant, applying a checklist in the companies' Reference Form as required by CVM Instruction no. 480/2009 as amended by CVM Instruction n. 586/2017. The trade-off between manipulation by accruals and by real activities was also used to identify whether the risk management disclosure impacts the exchange of these two types of earnings management. As control variables, the study adopted profitability, size, growth and sector. Through the GLS regression, the results allow us to say that the high risk management disclosure, both in its rigorous and tolerant criteria, decreases the use of accruals-based management. On the other hand, the high risk management disclosure doesn’t increase the use of real earnings management. The results also showed that, through the risk management disclosure, the two types of earnings management used for the analysis of the study can be treated as complementary. These results mainly contribute to the decision-making of stakeholders regarding investments in companies and expand the national studies that until now were concentrated on only one of the tools that is part of the risk management disclosure, the internal control. |
id |
UFG-2_f190ce0d64773e58d24ad57ac7c405c6 |
---|---|
oai_identifier_str |
oai:repositorio.bc.ufg.br:tede/12085 |
network_acronym_str |
UFG-2 |
network_name_str |
Repositório Institucional da UFG |
repository_id_str |
|
spelling |
Carmo, Carlos Henrique Silva dohttp://lattes.cnpq.br/1859940699823861Carmo, Carlos Henrique Silva doRech, Ilírio JoséPereira, Antonio Gualbertohttp://lattes.cnpq.br/4903190150725154Duarte, Jheneffer Silva Santos2022-05-23T15:44:55Z2022-05-23T15:44:55Z2022-04-05DUARTE, J. S. S. Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras. 2022. 92 f. Dissertação (Mestrado em Ciências Contábeis) - Universidade Federal de Goiás, Goiânia, 2022.http://repositorio.bc.ufg.br/tede/handle/tede/12085ark:/38995/001300000163zThe risk management disclosure is a way for companies to disclose to the stock market the risks to which they are exposed and how they manage these risks to bring better decision-making capacity to both their managers and their stakeholders. The objective of this study is to analyze the relationship between risk management disclosure and earnings management in Brazilian companies. The risk management disclosure can indicate better quality of financial reports and companies with better quality of financial reports, in turn, can have a negative influence on their accruals-based management and a positive influence on real earnings management. In addition, it can impact the trade-off between these earnings management. The sample consists of 182 companies listed on B3 between 2012 and 2020. To analyze earnings management, the Pae (2005) model was used to calculate accruals-based management and the Roychowdhury (2006) model for the calculation of real earnings management. To calculate risk management disclosure, two indices were measured, one called rigorous and the other, tolerant, applying a checklist in the companies' Reference Form as required by CVM Instruction no. 480/2009 as amended by CVM Instruction n. 586/2017. The trade-off between manipulation by accruals and by real activities was also used to identify whether the risk management disclosure impacts the exchange of these two types of earnings management. As control variables, the study adopted profitability, size, growth and sector. Through the GLS regression, the results allow us to say that the high risk management disclosure, both in its rigorous and tolerant criteria, decreases the use of accruals-based management. On the other hand, the high risk management disclosure doesn’t increase the use of real earnings management. The results also showed that, through the risk management disclosure, the two types of earnings management used for the analysis of the study can be treated as complementary. These results mainly contribute to the decision-making of stakeholders regarding investments in companies and expand the national studies that until now were concentrated on only one of the tools that is part of the risk management disclosure, the internal control.A evidenciação de gestão de riscos corporativos é uma forma de as empresas divulgarem ao mercado de ações os riscos a que estão expostas e como elas gerenciam estes riscos a fim de trazer melhor capacidade de tomada de decisão tanto para seus gestores como para seus stakeholders. O objetivo deste estudo é analisar a relação da divulgação entre a gestão de riscos corporativos e o gerenciamento de resultados nas empresas brasileiras. A divulgação de gestão de riscos corporativos pode indicar melhor qualidade dos relatórios financeiros e empresas com melhor qualidade dos relatórios financeiros, por sua vez, podem ter influência negativa no seu gerenciamento de resultados por accruals e positiva no gerenciamento de resultados por atividades reais. Além disso, pode causar impacto no trade-off entre esses gerenciamentos de resultados. A amostra é composta por 182 empresas listadas na B3 entre os anos 2012 e 2020. Para analisar o gerenciamento de resultados foi utilizado o modelo de Pae (2005) para calcular o gerenciamento de resultados por accruals e o modelo de Roychowdhury (2006) para o cálculo do gerenciamento de resultados por atividades reais. Para calcular a divulgação de gestão de riscos corporativos foram mensurados dois índices, um chamado de rigoroso e outro, de tolerante, aplicando-se um checklist no Formulário de Referência das empresas conforme requerido pela Instrução CVM n. 480/2009 com alteração dada pela Instrução CVM n. 586/2017. Foi utilizado ainda o trade-off do gerenciamento de resultados para identificar se a divulgação de gestão de riscos corporativos impacta na troca desses dois tipos de gerenciamento de resultados. Como variáveis de controle o estudo adotou a rentabilidade, o tamanho, o crescimento e o setor. Por meio da regressão GLS os resultados permitem dizer que a elevada divulgação de gestão de riscos corporativos tanto no seu critério rigoroso quanto tolerante tem relação inversa com o uso do gerenciamento de resultados por accruals. Por outro lado, a elevada divulgação de gestão de riscos corporativos não aumenta o uso do gerenciamento de resultados por atividades reais. Os resultados apontam ainda que, por meio do disclosure de gestão de riscos corporativos, os dois tipos de gerenciamento de resultados utilizados para a análise do estudo podem ser tratados como complementares. Estes resultados contribuem principalmente para a tomada de decisão dos stakeholders quanto aos investimentos nas empresas e expande os estudos nacionais que até o momento estavam concentrados em apenas umas das ferramentas que faz parte da divulgação de gestão de riscos corporativos, o controle interno.Submitted by Marlene Santos (marlene.bc.ufg@gmail.com) on 2022-05-23T15:22:40Z No. of bitstreams: 2 Dissertação - Jheneffer Silva Santos Duarte - 2022.pdf: 1030149 bytes, checksum: 36c809080f72925be81cf53195dbb3ae (MD5) license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5)Approved for entry into archive by Luciana Ferreira (lucgeral@gmail.com) on 2022-05-23T15:44:55Z (GMT) No. of bitstreams: 2 Dissertação - Jheneffer Silva Santos Duarte - 2022.pdf: 1030149 bytes, checksum: 36c809080f72925be81cf53195dbb3ae (MD5) license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5)Made available in DSpace on 2022-05-23T15:44:55Z (GMT). No. of bitstreams: 2 Dissertação - Jheneffer Silva Santos Duarte - 2022.pdf: 1030149 bytes, checksum: 36c809080f72925be81cf53195dbb3ae (MD5) license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5) Previous issue date: 2022-04-05OutroporUniversidade Federal de GoiásPrograma de Pós-graduação em Ciências Contábeis (FACE)UFGBrasilFaculdade de Administração, Ciências Contábeis e Ciências Econômicas - FACE (RG)Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessDivulgaçãoGestão de riscos corporativosGerenciamento de resultadosTrade-offDisclosureRisk managemenEarnings managemenCIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEISAnálise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileirasAnalyze the relationship between risk management disclosure and earnings management in Brazilian companiesinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis315005005005007165reponame:Repositório Institucional da UFGinstname:Universidade Federal de Goiás (UFG)instacron:UFGLICENSElicense.txtlicense.txttext/plain; charset=utf-81748http://repositorio.bc.ufg.br/tede/bitstreams/2f7f351d-17e6-4dff-9ae4-50bdf7ea0c76/download8a4605be74aa9ea9d79846c1fba20a33MD51CC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8805http://repositorio.bc.ufg.br/tede/bitstreams/f55fc892-d9f4-4afb-9487-1f67880396a4/download4460e5956bc1d1639be9ae6146a50347MD52ORIGINALDissertação - Jheneffer Silva Santos Duarte - 2022.pdfDissertação - Jheneffer Silva Santos Duarte - 2022.pdfapplication/pdf1030149http://repositorio.bc.ufg.br/tede/bitstreams/fe9992c2-090f-467d-94ac-5556fc3efe5b/download36c809080f72925be81cf53195dbb3aeMD53tede/120852022-05-23 12:44:55.339http://creativecommons.org/licenses/by-nc-nd/4.0/Attribution-NonCommercial-NoDerivatives 4.0 Internationalopen.accessoai:repositorio.bc.ufg.br:tede/12085http://repositorio.bc.ufg.br/tedeRepositório InstitucionalPUBhttp://repositorio.bc.ufg.br/oai/requesttasesdissertacoes.bc@ufg.bropendoar:2022-05-23T15:44:55Repositório Institucional da UFG - Universidade Federal de Goiás (UFG)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 |
dc.title.pt_BR.fl_str_mv |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
dc.title.alternative.eng.fl_str_mv |
Analyze the relationship between risk management disclosure and earnings management in Brazilian companies |
title |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
spellingShingle |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras Duarte, Jheneffer Silva Santos Divulgação Gestão de riscos corporativos Gerenciamento de resultados Trade-off Disclosure Risk managemen Earnings managemen CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
title_short |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
title_full |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
title_fullStr |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
title_full_unstemmed |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
title_sort |
Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras |
author |
Duarte, Jheneffer Silva Santos |
author_facet |
Duarte, Jheneffer Silva Santos |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Carmo, Carlos Henrique Silva do |
dc.contributor.advisor1Lattes.fl_str_mv |
http://lattes.cnpq.br/1859940699823861 |
dc.contributor.referee1.fl_str_mv |
Carmo, Carlos Henrique Silva do |
dc.contributor.referee2.fl_str_mv |
Rech, Ilírio José |
dc.contributor.referee3.fl_str_mv |
Pereira, Antonio Gualberto |
dc.contributor.authorLattes.fl_str_mv |
http://lattes.cnpq.br/4903190150725154 |
dc.contributor.author.fl_str_mv |
Duarte, Jheneffer Silva Santos |
contributor_str_mv |
Carmo, Carlos Henrique Silva do Carmo, Carlos Henrique Silva do Rech, Ilírio José Pereira, Antonio Gualberto |
dc.subject.por.fl_str_mv |
Divulgação Gestão de riscos corporativos Gerenciamento de resultados |
topic |
Divulgação Gestão de riscos corporativos Gerenciamento de resultados Trade-off Disclosure Risk managemen Earnings managemen CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
dc.subject.eng.fl_str_mv |
Trade-off Disclosure Risk managemen Earnings managemen |
dc.subject.cnpq.fl_str_mv |
CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
description |
The risk management disclosure is a way for companies to disclose to the stock market the risks to which they are exposed and how they manage these risks to bring better decision-making capacity to both their managers and their stakeholders. The objective of this study is to analyze the relationship between risk management disclosure and earnings management in Brazilian companies. The risk management disclosure can indicate better quality of financial reports and companies with better quality of financial reports, in turn, can have a negative influence on their accruals-based management and a positive influence on real earnings management. In addition, it can impact the trade-off between these earnings management. The sample consists of 182 companies listed on B3 between 2012 and 2020. To analyze earnings management, the Pae (2005) model was used to calculate accruals-based management and the Roychowdhury (2006) model for the calculation of real earnings management. To calculate risk management disclosure, two indices were measured, one called rigorous and the other, tolerant, applying a checklist in the companies' Reference Form as required by CVM Instruction no. 480/2009 as amended by CVM Instruction n. 586/2017. The trade-off between manipulation by accruals and by real activities was also used to identify whether the risk management disclosure impacts the exchange of these two types of earnings management. As control variables, the study adopted profitability, size, growth and sector. Through the GLS regression, the results allow us to say that the high risk management disclosure, both in its rigorous and tolerant criteria, decreases the use of accruals-based management. On the other hand, the high risk management disclosure doesn’t increase the use of real earnings management. The results also showed that, through the risk management disclosure, the two types of earnings management used for the analysis of the study can be treated as complementary. These results mainly contribute to the decision-making of stakeholders regarding investments in companies and expand the national studies that until now were concentrated on only one of the tools that is part of the risk management disclosure, the internal control. |
publishDate |
2022 |
dc.date.accessioned.fl_str_mv |
2022-05-23T15:44:55Z |
dc.date.available.fl_str_mv |
2022-05-23T15:44:55Z |
dc.date.issued.fl_str_mv |
2022-04-05 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
DUARTE, J. S. S. Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras. 2022. 92 f. Dissertação (Mestrado em Ciências Contábeis) - Universidade Federal de Goiás, Goiânia, 2022. |
dc.identifier.uri.fl_str_mv |
http://repositorio.bc.ufg.br/tede/handle/tede/12085 |
dc.identifier.dark.fl_str_mv |
ark:/38995/001300000163z |
identifier_str_mv |
DUARTE, J. S. S. Análise da relação entre a divulgação de gestão de riscos corporativos e o gerenciamento de resultados em empresas brasileiras. 2022. 92 f. Dissertação (Mestrado em Ciências Contábeis) - Universidade Federal de Goiás, Goiânia, 2022. ark:/38995/001300000163z |
url |
http://repositorio.bc.ufg.br/tede/handle/tede/12085 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.program.fl_str_mv |
31 |
dc.relation.confidence.fl_str_mv |
500 500 500 500 |
dc.relation.department.fl_str_mv |
7 |
dc.relation.cnpq.fl_str_mv |
16 |
dc.relation.sponsorship.fl_str_mv |
5 |
dc.rights.driver.fl_str_mv |
Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/ |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Universidade Federal de Goiás |
dc.publisher.program.fl_str_mv |
Programa de Pós-graduação em Ciências Contábeis (FACE) |
dc.publisher.initials.fl_str_mv |
UFG |
dc.publisher.country.fl_str_mv |
Brasil |
dc.publisher.department.fl_str_mv |
Faculdade de Administração, Ciências Contábeis e Ciências Econômicas - FACE (RG) |
publisher.none.fl_str_mv |
Universidade Federal de Goiás |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional da UFG instname:Universidade Federal de Goiás (UFG) instacron:UFG |
instname_str |
Universidade Federal de Goiás (UFG) |
instacron_str |
UFG |
institution |
UFG |
reponame_str |
Repositório Institucional da UFG |
collection |
Repositório Institucional da UFG |
bitstream.url.fl_str_mv |
http://repositorio.bc.ufg.br/tede/bitstreams/2f7f351d-17e6-4dff-9ae4-50bdf7ea0c76/download http://repositorio.bc.ufg.br/tede/bitstreams/f55fc892-d9f4-4afb-9487-1f67880396a4/download http://repositorio.bc.ufg.br/tede/bitstreams/fe9992c2-090f-467d-94ac-5556fc3efe5b/download |
bitstream.checksum.fl_str_mv |
8a4605be74aa9ea9d79846c1fba20a33 4460e5956bc1d1639be9ae6146a50347 36c809080f72925be81cf53195dbb3ae |
bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 |
repository.name.fl_str_mv |
Repositório Institucional da UFG - Universidade Federal de Goiás (UFG) |
repository.mail.fl_str_mv |
tasesdissertacoes.bc@ufg.br |
_version_ |
1815172521600745472 |