Banca de DEFESA: MARCELO CARDOSO ROCHA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
DISCENTE : MARCELO CARDOSO ROCHA
DATA : 20/12/2019
HORA: 13:30
LOCAL: Faculdade de Ciências Contábeis
TÍTULO:

Labor Strength and Earnings Management: Evidence in the Brazilian Capital Market

PALAVRAS-CHAVES:

Earnings management. Labor Strength. Unions. Employees.

PÁGINAS: 51
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
SUBÁREA: Ciências Contábeis
RESUMO:

This paper examines the relationship between labor strength and earnings management in the Brazilian market, based on the assumptions of the Contract Theory and Positive Accounting Theory. The concept of labor strength, in this research, derives from the interaction between the unionization rate and the intensity of the number of employees, in order to reach two dimensions widely used in studies that investigate this subject. International literature suggests that the relationship between labor strength and earnings management can occur in two ways. According the first perspective, the labor strength creates incentives to reduce accounting earnings in order to avoid salary demands. The other form predicts that managers tend to make choices to project a good reputation for meeting their future commitments to reduce labor costs. Although the relationship between labor strength and earnings management has been the subject of important international research since the 1980s, especially in the United States, there are no studies on this subject in Brazil. The institutional structure about unions is completely different between Brazil and the United States, which adds relevance to the study. In response to the research question, we used a sample of 119 firms listed on the B3 in the period from 2012 to 2018. The estimation took place with the technique of dynamic panel data with generalized method of moments (GMM-SYS). Earnings management was measured by model developed by Dechow et al. (2012) and model developed by Roychowdhury (2006). We measure the labor strength in two ways. Our first measure is from Hilary (2006). Our second measure of labor strength is calculated on the Added Value Statement (AVS). Consistent with our hypothesis, we find that labor strength is associated with earnings management. These findings contribute to the research line that verifies the interference of the labor strength on earnings management, enriching the international literature, considering that the institutional structure about unions is different between Brazil and the United States. In addition, this paper contributes to national research on earnings management by identifying a new potential determinant for earnings management.

MEMBROS DA BANCA:
Presidente - 2140457 - ANTONIO GUALBERTO PEREIRA
Interno - 2276473 - LUIS PAULO GUIMARAES DOS SANTOS
Externo à Instituição - SILVIO HIROSHI NAKAO