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2022-06-27T14:08:32Z2022-06-27T14:08:32Z20169328330019838611http://hdl.handle.net/1843/42696Este estudo investiga a prática de gerenciamento de resultados na modalidade Income Smoothing nas cooperativas de crédito no Brasil filiadas ao Sistema de Crédito Cooperativo (SICREDI). A amostra é composta por 149 cooperativas, com dados semestrais referentes ao período de 2001 a 2011, totalizando 2.300 observações. O modelo de dados em painel foi estimado por efeitos fixos, e utilizou-se o método de Mínimos Quadrados Generalizados Factíveis, considerando as correções para heterocedasticidade e autocorrelação. Os resultados sinalizam a utilização da discricionariedade contábil para suavizar os resultados, ou seja, o resultado estatisticamente positivo e significativo permite inferir que quanto maior o resultado não discricionário, maior tende a ser a despesa líquida com provisões para operações de crédito. Este resultado corrobora a percepção de analistas do Banco Central do Brasil de que as instituições financeiras brasileiras, independentemente de ser banco ou cooperativa de crédito, optam por suavizar os resultados. A principal contribuição deste estudo é constatar que as cooperativas de crédito filiadas ao Sicredi, um dos maiores sistemas cooperativistas de crédito, também optam pela estratégia de gerenciar os resultados contábeis, assim como o Sicoob e as cooperativas de crédito solidário já pesquisadas. Tais resultados sustentam a proposição de que a redução da flutuação dos resultados é benéfica para as instituições (Trueman e Tilman, 1988; Moyer e Shevlin, 1995), a qual pode ser aplicável ao cenário atual das cooperativas brasileiras.This study investigates the practice of earnings management, specifically in the form Income Smoothing, in Brazilian credit unions affiliated to the Cooperative Credit System (SICREDI). The sample consists of 149 credit unions, with semi-annual data for the period 2001-2011, in a total of 2300 observations. An panel data model estimated by fixed effects, using a Feasible Generalized Least Squares correction for heteroskedasticity and autocorrelation. The results indicate the use of accounting discretion to smooth the results, with a positive and statistically significant result which signals that the higher the non-discretionary income, the greater will be the losses on provisions for loan losses. This result corroborates the perception of the analysts from the Central Bank of Brazil that, within Brazilian financial institutions, whether bank or credit unions, choose to smooth their results. The main contribution of this study is to reveal that credit unions affiliated to Sicredi, one of the largest cooperative credit systems also opt for the strategy to manage the financial results, as well as those affiliated to the Sicoob system and also the solidarity credit unions already researched. These results support the proposition that reducing the fluctuation of results is beneficial for the institutions (Trueman and Tilman, 1988; Moyer and Shevlin, 1995), which may be applicable to the actual scenario of Brazilian cooperativesporUniversidade Federal de Minas GeraisUFMGBrasilFCE - DEPARTAMENTO DE CIÊNCIAS ADMINISTRATIVASFCE - DEPARTAMENTO DE CIÊNCIAS CONTÁBEISAdvances in Scientific and Applied AccountingAdministração de empresasCooperativas de creditoGerenciamento de resultadosIncome Smoothing, , cooperativas de créditoSicredi, dados em painelGerenciamento de resultados em cooperativas no Brasil: avaliação do income smoothing nas filiadas do SICREDIEarnings management in brazilian credit unions: assessing income smoothing in SICREDIinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://asaa.anpcont.org.br/index.php/asaa/article/view/204/166Valéria Gama Fully BressanAureliano Angel BressanJosé Marcos da Silva Júniorinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/42696/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALGERENCIAMENTO DE RESULTADOS EM COOPERATIVAS NO BRASIL.pdfGERENCIAMENTO DE RESULTADOS EM COOPERATIVAS NO BRASIL.pdfapplication/pdf3824263https://repositorio.ufmg.br/bitstream/1843/42696/2/GERENCIAMENTO%20DE%20RESULTADOS%20EM%20COOPERATIVAS%20NO%20BRASIL.pdf4ca2b27305586b944eee1f6d85f4c8d0MD521843/426962022-06-27 11:08:33.057oai:repositorio.ufmg.br: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Repositório InstitucionalPUBhttps://repositorio.ufmg.br/oaiopendoar:2022-06-27T14:08:33Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false
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