Download This PaperDeterminants of Republications in the Brazilian Market: An Analysis Based on Earnings Management Incentives
Marques, V. A., Amaral, H. F., Souza, A. A. de, Santos, K. L. dos, & Belo, P. H. R. (2017). Determinants of Republications in the Brazilian Market: An Analysis Based on Earnings Management Incentives. Journal of Education and Research in Accounting (REPeC), 11(2). https://doi.org/10.17524/repec.v11i
23 Pages Posted: 23 Mar 2018 Last revised: 8 Nov 2021
Date Written: April 1, 2017
Abstract
The republication of the financial statements is considered a proxy for the quality of the accounting information, according to the literature on the subject (Dechow, Ge and Schrand, 2010). Therefore, the objective of this study was to analyze the relationship between the Hypotheses of Earnings Management and the Republications of the Financial Statements. The descriptive, documentary and quantitative research analyzed data from 344 companies listed on BM & FBOVESPA from 1998 to 2014. The analysis was performed through panel data regression, testing the hypotheses that Compensation Package of the managers, the Level of Indebtedness and the Size of the company a effect the Republication of the Financial Statements. It was observed that the size, growth of assets, being audited by a Big4 and the adoption of IFRS had a positive and statistically significant effect on the probability of republishing the statements. On the other hand, the adoption of SOX, NivGov has negative and statistically significant effect.
Keywords: Earnings Management; Republication; Corporate Governance
JEL Classification: M41; M42
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