Banca de DEFESA: THIAGO RIOS SENA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
DISCENTE : THIAGO RIOS SENA
DATA : 26/10/2020
HORA: 14:00
LOCAL: Google Meet
TÍTULO:

EARNINGS MANAGEMENT AND LEGIBILITY: A study of public companies in Brazil

PALAVRAS-CHAVES:

Readability. Results Management. Obfuscation.

PÁGINAS: 91
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
SUBÁREA: Ciências Contábeis
RESUMO:

The disclosure of accounting information contributes to decrease the level of information asymmetry and increase user confidence due to transparency. However, managers may have incentives to obfuscate information regarding the company's performance. Informational obfuscation by using more complex language or by emphasizing certain themes over others in the textual presentation can be considered one of the possible forms of earnings management, more specifically known as impression management. This study aims to verify the relationship between the level of readability of the notes and earnings management practices through accruals or operational decisions by companies listed in [B]³ between the years 2010 to 2018. An econometric model was used, presenting readability as a dependent variable and earning management as the main independent variable, in addition to the control variables, being analyzed through panel data regression with fixed effects by year and sector. This work is characterized as a descriptive research, through documentary analysis and using the quantitative approach of the data to test the hypotheses about the relationship between the earning management and the readability of the notes. The Jones Modified (1995) and Roychowdhury (2006) models were used to measure earnings management, and the Flesch index adapted to Portuguese (Martins et al., 1996) to measure the readability level of the notes. The results reveal that there is no statistically significant relationship between the readability of the notes and the level of earnings management, refuting the research hypothesis. Among the characteristics of the companies, it was observed that the variables that represent the group of auditing company, publicly traded time, market-to-book and company size are statistically significant in the proposed model. It is expected that this research will contribute to additions to the literature both on readability and on earning management, when studying this relationship in an emerging and Portuguese-speaking market. In addition, it is also intended to assist users of accounting information (investors, regulators, developers, etc.) in understanding issues about the ease of reading the notes to support the decision-making process.

MEMBROS DA BANCA:
Presidente - 2346797 - SHEIZI CALHEIRA DE FREITAS
Interno - 1523738 - JOSE MARIA DIAS FILHO
Externo à Instituição - ILIRIO JOSÉ RECH - UFG