Estudo sobre o Efeito das Eleições Presidenciais no Gerenciamento de Resultados de Empresas Atuantes em Setores Regulados
Year: 2010
Type: article
Abstract: This paper investigates the effects of economic regulation and presidential elections on the earnings management behavior of Brazilian companies. We analyze earnings management, considering companies active in different economic sectors, more specifically those regulated by the federal government. We looked at 339 companies with shares listed on the São Paulo Stock Exchange (Bovespa), divided into four periods: 1993-1995, 1997-1999,2001-2003 and 2005-2007, and grouped into highly regulated sectors and less regulated sectors. We gathered the financial data from the Economatica database and analyzed them for earnings management using the regression model proposed by Han and Wang (1998). The results suggest that the companies with stocks listed on the Bovespa manipulated their accounting accruals in order to manage their earnings, confirming the findings in the international literature (HAN; WANG, 1998; CAHAN, 1992; JONES, 1991), according to which public attention interferes in the results disclosed by companies and therefore in the accounting information they disclose.
Source: Contabilidade Vista & Revista
Language: Portuguese
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1515917588