Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market

This study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using P...

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Autores principales:	Rodolfo Maia Rosado Cascudo Rodrigues, Clayton Levy Lima de Melo, Edilson Paulo
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2019
Materias:	discretionary accruals earnings management quarterly statements Business HF5001-6182
Acceso en línea:	https://doaj.org/article/970f767d56754505b5a2e64a59e06c40
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id	oai:doaj.org-article:970f767d56754505b5a2e64a59e06c40
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spelling	oai:doaj.org-article:970f767d56754505b5a2e64a59e06c402021-11-11T15:48:07ZEarnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market1807-734X10.15728/bbr.2019.16.3.6https://doaj.org/article/970f767d56754505b5a2e64a59e06c402019-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123062259006https://doaj.org/toc/1807-734XThis study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using Paulo’s (2007) model as a proxy for earnings management. Next, a second regression with the quarterly discretionary accruals and dummy variables representative of each quarter was used. The results indicate that the magnitude average of discretionary accruals are higher in the fourth and last quarter, and discretionary accruals for the first quarter were significantly different from the second and third quarter. These findings suggest that managers adjust the firm’s performance report more strongly at the end of the year as it becomes the last opportunity to use discretion over accounting numbers with the intent to achieve annual goalsRodolfo Maia Rosado Cascudo RodriguesClayton Levy Lima de MeloEdilson PauloFUCAPE Business Schoolarticlediscretionary accrualsearnings managementquarterly statementsBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 16, Iss 3, Pp 297-314 (2019)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	discretionary accruals earnings management quarterly statements Business HF5001-6182
spellingShingle	discretionary accruals earnings management quarterly statements Business HF5001-6182 Rodolfo Maia Rosado Cascudo Rodrigues Clayton Levy Lima de Melo Edilson Paulo Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
description	This study aims to investigate the behavior of the quarterly earnings management level of Brazilian public companies. For this purpose, a sample of 107 companies listed on the B3 Brasil Bolsa Balcão S.A. was selected and the quarterly discretionary accruals among 2012 and 2017 were estimated using Paulo’s (2007) model as a proxy for earnings management. Next, a second regression with the quarterly discretionary accruals and dummy variables representative of each quarter was used. The results indicate that the magnitude average of discretionary accruals are higher in the fourth and last quarter, and discretionary accruals for the first quarter were significantly different from the second and third quarter. These findings suggest that managers adjust the firm’s performance report more strongly at the end of the year as it becomes the last opportunity to use discretion over accounting numbers with the intent to achieve annual goals
format	article
author	Rodolfo Maia Rosado Cascudo Rodrigues Clayton Levy Lima de Melo Edilson Paulo
author_facet	Rodolfo Maia Rosado Cascudo Rodrigues Clayton Levy Lima de Melo Edilson Paulo
author_sort	Rodolfo Maia Rosado Cascudo Rodrigues
title	Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
title_short	Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
title_full	Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
title_fullStr	Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
title_full_unstemmed	Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market
title_sort	earnings management and quarterly discretionary accruals level in the brazilian stock market
publisher	FUCAPE Business School
publishDate	2019
url	https://doaj.org/article/970f767d56754505b5a2e64a59e06c40
work_keys_str_mv	AT rodolfomaiarosadocascudorodrigues earningsmanagementandquarterlydiscretionaryaccrualslevelinthebrazilianstockmarket AT claytonlevylimademelo earningsmanagementandquarterlydiscretionaryaccrualslevelinthebrazilianstockmarket AT edilsonpaulo earningsmanagementandquarterlydiscretionaryaccrualslevelinthebrazilianstockmarket
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Earnings Management and Quarterly Discretionary Accruals Level in the Brazilian Stock Market

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