Workforce and earnings management: Evidence in the Brazilian capital market
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Revista Contabilidade & Finanças (Online) |
Texto Completo: | https://www.revistas.usp.br/rcf/article/view/197380 |
Resumo: | We aimed to investigate the relationship between workforce [força de trabalho (FT)] and earnings management in the Brazilian capital market and, additionally, identify whether operating activities management is a substitute for management by accruals. Evidence of the effect of the FT on earnings management practice is controversial, sometimes showing an effect on the reduction or smoothing of profit or even no effect. In Brazil, there are no studies that investigate how the intensity of the FT affects the managers’ behavior regarding the manipulation of profit. The research is relevant to the regulatory bodies because it brings empirical evidence of the incentives generated by the pressure of the FT so that the top executives reduce the result of the period, in a substitute way, to the manipulation of the company’s operational activities. In addition, it is relevant for users of accounting information, as it demonstrates that the FT influences the recognition of results, affecting the quality of accounting information. The findings may assist regulatory bodies and investors, as it demonstrates that pressure from the FT is an important incentive for decision-making by executives and workers at the operating levels of companies and can support the improvement of labor regulations. Following Pae (2005), we use Jones’ modified model (1991) with lagged accruals to detect earnings management. To capture the FT intensity, we employed the proxies presented by Hilary (2006) and a variable calculated from the statement of value added [demonstração do valor adicionado (DVA)]. We analyzed 119 companies listed on the Brazilian stock exchange during the period 2012-2018. It were found that the intensity of the FT negatively influences earnings management by accruals [gerenciamento de resultados por accruals (GRA)], expanding the evidence on the effects of workers’ bargaining power on accounting choices. |
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Workforce and earnings management: Evidence in the Brazilian capital marketForça de trabalho e gerenciamento de resultados: Evidências no mercado de capitais brasileiroforça de trabalhogerenciamento de resultadosdemonstração do valor adicionadoworkforceearnings managementstatement of value addedWe aimed to investigate the relationship between workforce [força de trabalho (FT)] and earnings management in the Brazilian capital market and, additionally, identify whether operating activities management is a substitute for management by accruals. Evidence of the effect of the FT on earnings management practice is controversial, sometimes showing an effect on the reduction or smoothing of profit or even no effect. In Brazil, there are no studies that investigate how the intensity of the FT affects the managers’ behavior regarding the manipulation of profit. The research is relevant to the regulatory bodies because it brings empirical evidence of the incentives generated by the pressure of the FT so that the top executives reduce the result of the period, in a substitute way, to the manipulation of the company’s operational activities. In addition, it is relevant for users of accounting information, as it demonstrates that the FT influences the recognition of results, affecting the quality of accounting information. The findings may assist regulatory bodies and investors, as it demonstrates that pressure from the FT is an important incentive for decision-making by executives and workers at the operating levels of companies and can support the improvement of labor regulations. Following Pae (2005), we use Jones’ modified model (1991) with lagged accruals to detect earnings management. To capture the FT intensity, we employed the proxies presented by Hilary (2006) and a variable calculated from the statement of value added [demonstração do valor adicionado (DVA)]. We analyzed 119 companies listed on the Brazilian stock exchange during the period 2012-2018. It were found that the intensity of the FT negatively influences earnings management by accruals [gerenciamento de resultados por accruals (GRA)], expanding the evidence on the effects of workers’ bargaining power on accounting choices.Analisamos a relação entre força de trabalho (FT) e gerenciamento de resultados no mercado de capitais brasileiro e, adicionalmente, identificamos se o gerenciamento das atividades operacionais é um substituto do gerenciamento por accruals. As evidências do efeito da FT na prática do gerenciamento de resultados são controversas, às vezes elas mostram efeito na redução ou suavização do lucro ou até nenhum efeito. No Brasil, não há estudos que investiguem como a intensidade da FT afeta o comportamento dos gestores quanto ao gerenciamento do lucro. A pesquisa se mostra relevante para os órgãos reguladores porque traz evidências empíricas dos incentivos gerados pela pressão da FT para que os altos executivos reduzam o resultado do período, de maneira substitutiva, com vistas ao gerenciamento das atividades operacionais da empresa. Além disso, ela se mostra relevante para os usuários das informações contábeis, pois demonstra que a FT influencia o gerenciamento dos resultados, afetando a qualidade das informações contábeis. Os achados podem ser úteis para órgãos reguladores e investidores, pois demonstram que a pressão da FT é um importante incentivo para a tomada de decisões de executivos e trabalhadores nos níveis operacionais das empresas e pode subsidiar o aprimoramento das regulamentações trabalhistas. Seguindo Pae (2005), usamos o modelo modificado de Jones (1991) com accruals defasados para detectar o gerenciamento de resultados. Para captar a intensidade da FT, usamos as proxies apresentadas por Hilary (2006) e uma variável calculada a partir da demonstração do valor adicionado (DVA). Analisamos 119 empresas negociadas na bolsa de valores brasileira durante o período 2012-2018. Verificou-se que a intensidade da FT influencia negativamente o gerenciamento de resultados por accruals (GRA), ampliando as evidências dos efeitos do poder de negociação dos trabalhadores nas escolhas contábeis.Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária2022-05-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdftext/xmlhttps://www.revistas.usp.br/rcf/article/view/19738010.1590/1808-057x202113310Revista Contabilidade & Finanças; v. 33 n. 89 (2022); 300-314Revista Contabilidade & Finanças; Vol. 33 No. 89 (2022); 300-314Revista Contabilidade & Finanças; Vol. 33 Núm. 89 (2022); 300-3141808-057X1519-7077reponame:Revista Contabilidade & Finanças (Online)instname:Universidade de São Paulo (USP)instacron:USPengporhttps://www.revistas.usp.br/rcf/article/view/197380/181715https://www.revistas.usp.br/rcf/article/view/197380/181716https://www.revistas.usp.br/rcf/article/view/197380/181714Copyright (c) 2022 Revista Contabilidade & Finançashttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessRocha, Marcelo CardosoPereira, Antonio GualbertoOliveira, José Sérgio Casé de2022-10-06T18:12:31Zoai:revistas.usp.br:article/197380Revistahttp://www.revistas.usp.br/rcf/indexPUBhttps://old.scielo.br/oai/scielo-oai.phprecont@usp.br||recont@usp.br1808-057X1519-7077opendoar:2022-10-06T18:12:31Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Workforce and earnings management: Evidence in the Brazilian capital market Força de trabalho e gerenciamento de resultados: Evidências no mercado de capitais brasileiro |
title |
Workforce and earnings management: Evidence in the Brazilian capital market |
spellingShingle |
Workforce and earnings management: Evidence in the Brazilian capital market Rocha, Marcelo Cardoso força de trabalho gerenciamento de resultados demonstração do valor adicionado workforce earnings management statement of value added |
title_short |
Workforce and earnings management: Evidence in the Brazilian capital market |
title_full |
Workforce and earnings management: Evidence in the Brazilian capital market |
title_fullStr |
Workforce and earnings management: Evidence in the Brazilian capital market |
title_full_unstemmed |
Workforce and earnings management: Evidence in the Brazilian capital market |
title_sort |
Workforce and earnings management: Evidence in the Brazilian capital market |
author |
Rocha, Marcelo Cardoso |
author_facet |
Rocha, Marcelo Cardoso Pereira, Antonio Gualberto Oliveira, José Sérgio Casé de |
author_role |
author |
author2 |
Pereira, Antonio Gualberto Oliveira, José Sérgio Casé de |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Rocha, Marcelo Cardoso Pereira, Antonio Gualberto Oliveira, José Sérgio Casé de |
dc.subject.por.fl_str_mv |
força de trabalho gerenciamento de resultados demonstração do valor adicionado workforce earnings management statement of value added |
topic |
força de trabalho gerenciamento de resultados demonstração do valor adicionado workforce earnings management statement of value added |
description |
We aimed to investigate the relationship between workforce [força de trabalho (FT)] and earnings management in the Brazilian capital market and, additionally, identify whether operating activities management is a substitute for management by accruals. Evidence of the effect of the FT on earnings management practice is controversial, sometimes showing an effect on the reduction or smoothing of profit or even no effect. In Brazil, there are no studies that investigate how the intensity of the FT affects the managers’ behavior regarding the manipulation of profit. The research is relevant to the regulatory bodies because it brings empirical evidence of the incentives generated by the pressure of the FT so that the top executives reduce the result of the period, in a substitute way, to the manipulation of the company’s operational activities. In addition, it is relevant for users of accounting information, as it demonstrates that the FT influences the recognition of results, affecting the quality of accounting information. The findings may assist regulatory bodies and investors, as it demonstrates that pressure from the FT is an important incentive for decision-making by executives and workers at the operating levels of companies and can support the improvement of labor regulations. Following Pae (2005), we use Jones’ modified model (1991) with lagged accruals to detect earnings management. To capture the FT intensity, we employed the proxies presented by Hilary (2006) and a variable calculated from the statement of value added [demonstração do valor adicionado (DVA)]. We analyzed 119 companies listed on the Brazilian stock exchange during the period 2012-2018. It were found that the intensity of the FT negatively influences earnings management by accruals [gerenciamento de resultados por accruals (GRA)], expanding the evidence on the effects of workers’ bargaining power on accounting choices. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-05-05 |
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://www.revistas.usp.br/rcf/article/view/197380 10.1590/1808-057x202113310 |
url |
https://www.revistas.usp.br/rcf/article/view/197380 |
identifier_str_mv |
10.1590/1808-057x202113310 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/rcf/article/view/197380/181715 https://www.revistas.usp.br/rcf/article/view/197380/181716 https://www.revistas.usp.br/rcf/article/view/197380/181714 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Revista Contabilidade & Finanças http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Revista Contabilidade & Finanças http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf text/xml |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
dc.source.none.fl_str_mv |
Revista Contabilidade & Finanças; v. 33 n. 89 (2022); 300-314 Revista Contabilidade & Finanças; Vol. 33 No. 89 (2022); 300-314 Revista Contabilidade & Finanças; Vol. 33 Núm. 89 (2022); 300-314 1808-057X 1519-7077 reponame:Revista Contabilidade & Finanças (Online) instname:Universidade de São Paulo (USP) instacron:USP |
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Universidade de São Paulo (USP) |
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USP |
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USP |
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Revista Contabilidade & Finanças (Online) |
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Revista Contabilidade & Finanças (Online) |
repository.name.fl_str_mv |
Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
recont@usp.br||recont@usp.br |
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