Earnings management and quarterly discretionary accruals level in the brazilian stock market
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UFRGS |
Texto Completo: | http://hdl.handle.net/10183/213633 |
Resumo: | This study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using Paulo’s (2007) model as a proxy for earnings management. Next, a second regression with the quarterly discretionary accruals and dummy variables representative of each quarter was used. The results indicate that the magnitude average of discretionary accruals are higher in the fourth and last quarter, and discretionary accruals for the first quarter were significantly different from the second and third quarter. These findings suggest that managers adjust the firm’s performance report more strongly at the end of the year as it becomes the last opportunity to use discretion over accounting numbers with the intent to achieve annual goals. |
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Rodrigues, Rodolfo Maia Rosado CascudoMelo, Clayton Levy Lima dePaulo, Edilson2020-09-23T04:02:12Z20191808-2386http://hdl.handle.net/10183/213633001116803This study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using Paulo’s (2007) model as a proxy for earnings management. Next, a second regression with the quarterly discretionary accruals and dummy variables representative of each quarter was used. The results indicate that the magnitude average of discretionary accruals are higher in the fourth and last quarter, and discretionary accruals for the first quarter were significantly different from the second and third quarter. These findings suggest that managers adjust the firm’s performance report more strongly at the end of the year as it becomes the last opportunity to use discretion over accounting numbers with the intent to achieve annual goals.application/pdfengBrazilian Business Review - BBR. Vitória, ES. Vol. 16, n. 3 (May/Jun. 2019), p. 297-314GestãoMercado de açõesDiscretionary accrualsEarnings managementQuarterly statementsEarnings management and quarterly discretionary accruals level in the brazilian stock marketGerenciamento de resultados e nível dos accruals discricionários trimestrais no mercado acionário brasileiro info:eu-repo/semantics/articleinfo:eu-repo/semantics/otherinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFRGSinstname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSTEXT001116803.pdf.txt001116803.pdf.txtExtracted Texttext/plain57300http://www.lume.ufrgs.br/bitstream/10183/213633/2/001116803.pdf.txt8fde87e1cbfac340ed1e2b5930edf79bMD52ORIGINAL001116803.pdfTexto completo (inglês)application/pdf641458http://www.lume.ufrgs.br/bitstream/10183/213633/1/001116803.pdf3370a4115211c1ddadec6610cec54edaMD5110183/2136332021-03-09 04:34:38.900154oai:www.lume.ufrgs.br:10183/213633Repositório de PublicaçõesPUBhttps://lume.ufrgs.br/oai/requestopendoar:2021-03-09T07:34:38Repositório Institucional da UFRGS - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.pt_BR.fl_str_mv |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
dc.title.alternative.pt.fl_str_mv |
Gerenciamento de resultados e nível dos accruals discricionários trimestrais no mercado acionário brasileiro |
title |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
spellingShingle |
Earnings management and quarterly discretionary accruals level in the brazilian stock market Rodrigues, Rodolfo Maia Rosado Cascudo Gestão Mercado de ações Discretionary accruals Earnings management Quarterly statements |
title_short |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
title_full |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
title_fullStr |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
title_full_unstemmed |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
title_sort |
Earnings management and quarterly discretionary accruals level in the brazilian stock market |
author |
Rodrigues, Rodolfo Maia Rosado Cascudo |
author_facet |
Rodrigues, Rodolfo Maia Rosado Cascudo Melo, Clayton Levy Lima de Paulo, Edilson |
author_role |
author |
author2 |
Melo, Clayton Levy Lima de Paulo, Edilson |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Rodrigues, Rodolfo Maia Rosado Cascudo Melo, Clayton Levy Lima de Paulo, Edilson |
dc.subject.por.fl_str_mv |
Gestão Mercado de ações |
topic |
Gestão Mercado de ações Discretionary accruals Earnings management Quarterly statements |
dc.subject.eng.fl_str_mv |
Discretionary accruals Earnings management Quarterly statements |
description |
This study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using Paulo’s (2007) model as a proxy for earnings management. Next, a second regression with the quarterly discretionary accruals and dummy variables representative of each quarter was used. The results indicate that the magnitude average of discretionary accruals are higher in the fourth and last quarter, and discretionary accruals for the first quarter were significantly different from the second and third quarter. These findings suggest that managers adjust the firm’s performance report more strongly at the end of the year as it becomes the last opportunity to use discretion over accounting numbers with the intent to achieve annual goals. |
publishDate |
2019 |
dc.date.issued.fl_str_mv |
2019 |
dc.date.accessioned.fl_str_mv |
2020-09-23T04:02:12Z |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/other |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10183/213633 |
dc.identifier.issn.pt_BR.fl_str_mv |
1808-2386 |
dc.identifier.nrb.pt_BR.fl_str_mv |
001116803 |
identifier_str_mv |
1808-2386 001116803 |
url |
http://hdl.handle.net/10183/213633 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartof.pt_BR.fl_str_mv |
Brazilian Business Review - BBR. Vitória, ES. Vol. 16, n. 3 (May/Jun. 2019), p. 297-314 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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application/pdf |
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