|
Registro Completo |
|
Biblioteca(s): |
Embrapa Unidades Centrais. |
|
Data corrente: |
01/07/2014 |
|
Data da última atualização: |
01/07/2014 |
|
Autoria: |
SILVA, A. F. da; WEFFORT, E. F. J.; FLORES, E. da S.; SILVA, G. P. da. |
|
Afiliação: |
ALDY FERNANDES DA SILVA; ELIONOR FARAH JREIGE WEFFORT; EDUARDO DA SILVA FLORES; GLAUCO PERES DA SILVA. |
|
Título: |
Earnings management and economic crises in the Brazilian capital market. |
|
Ano de publicação: |
2014 |
|
Fonte/Imprenta: |
Revista de Administração de Empresas, São Paulo, v. 54, n. 3, p. 268-283, maio./jun. 2014. |
|
Idioma: |
Inglês |
|
Conteúdo: |
The 2008 economic crisis challenged accounting, either demanding recognition and measurement criteria well adjusted to this scenario or even questioning its ability to inform appropriately entities? financial situation before the crisis occurred. So, our purpose was to verify if during economic crises listed companies in the Brazilian capital market tended to adopt earnings management (EM) practices. Our sample consisted in 3,772 firm-years observations, in 13 years ? 1997 to 2009. We developed regression models considering discretionary accruals as EM proxy (dependent variable), crisis as a macroeconomic factor (dummy variable of interest), ROA, market-to-book, size, leverage, foreign direct investment (FDI) and sector as control variables. Different for previous EM studies two approaches were used in data panel regression models and multiple crises were observed simultaneously. Statistics tests revealed a significant relation between economic crisis and EM practices concerning listed companies in Brazil in both approaches used. |
|
Palavras-Chave: |
Crise econômica; Gestão de resultados; Mercado de capitais. |
|
Categoria do assunto: |
-- |
|
Marc: |
LEADER 01642naa a2200193 a 4500
001 1989394
005 2014-07-01
008 2014 bl uuuu u00u1 u #d
100 1 $aSILVA, A. F. da
245 $aEarnings management and economic crises in the Brazilian capital market.
260 $c2014
520 $aThe 2008 economic crisis challenged accounting, either demanding recognition and measurement criteria well adjusted to this scenario or even questioning its ability to inform appropriately entities? financial situation before the crisis occurred. So, our purpose was to verify if during economic crises listed companies in the Brazilian capital market tended to adopt earnings management (EM) practices. Our sample consisted in 3,772 firm-years observations, in 13 years ? 1997 to 2009. We developed regression models considering discretionary accruals as EM proxy (dependent variable), crisis as a macroeconomic factor (dummy variable of interest), ROA, market-to-book, size, leverage, foreign direct investment (FDI) and sector as control variables. Different for previous EM studies two approaches were used in data panel regression models and multiple crises were observed simultaneously. Statistics tests revealed a significant relation between economic crisis and EM practices concerning listed companies in Brazil in both approaches used.
653 $aCrise econômica
653 $aGestão de resultados
653 $aMercado de capitais
700 1 $aWEFFORT, E. F. J.
700 1 $aFLORES, E. da S.
700 1 $aSILVA, G. P. da
773 $tRevista de Administração de Empresas, São Paulo$gv. 54, n. 3, p. 268-283, maio./jun. 2014.
Download
Esconder MarcMostrar Marc Completo |
|
Registro original: |
Embrapa Unidades Centrais (AI-SEDE) |
|
