Impacto da adesão às práticas recomendadas de governança corporativa no índice de qualidade da informação contábil

Gabriel, Fabiano

doi:10.11606/t.12.2011.tde-09022012-195619

Cited by 10 publications

(23 citation statements)

References 13 publications

(15 reference statements)

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“…The results obtained in this study corroborate those of Lopes and Walker (2008) and Gabriel (2011), indicating that the quality of financial information is greater in companies with better corporate governance practices, but differ from the results of Antunes et al (2009), who claim that different levels of the BM&FBovespa did not affect the quality of earnings. However, comparisons with these results should be analyzed with caution because in the studies cited, the proxies for governance were indices or listings on different stock exchange levels, which are different measures from those used in this study.…”

Section: Tablecontrasting

confidence: 49%

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Effects of Board of Directors' Characteristics on the Quality of Accounting Information in Brazil

Holtz

Neto

2014

Rev. contab. finanç.

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One of the board of directors' responsibilities is to monitor the quality of information disclosed in financial reports. The board's structural and compositional characteristics can affect the quality of reported accounting information. The aim of this study was to investigate the effects of the board's structural and compositional characteristics on the quality of accounting information of companies listed on the Brazilian Securities, Commodities, and Futures Exchange (Bolsa de Mercadorias e Futuros -BM&FBovespa). Specifically, the characteristics studied were the size and independence of the board of directors and separation of the roles of chairman and executive director. Accounting information relevance and earnings informativeness were used as proxies for the quality of accounting information. The sample included non-financial companies listed on the BM&FBovespa with annual stock market liquidity higher than 0.001, covering the period from 2008-2011. Data were collected from the Economática ® database and directly from companies' annual reports and reference forms available on the Securities Commission (Comissão de Valores Mobiliários -CVM) or BM&FBovespawebsites. Data analysis was undertaken using the multiple regression technique for calculating the models of accounting information relevance and earnings informativeness. The results reveal that, for companies that trade stocks on the BM&FBovespa in the Brazilian market, the characteristics of board independence and separation of the roles of chairman and executive director positively influence the quality of reported accounting information, specifically regarding the relevance of equity. Earnings informativeness is positively affected by board independence and negatively affected by larger board size (more than nine members). Overall, the results corroborate international studies such as those of Vafeas (2000), Firth, Fung, and Rui (2007), Ahmed, Hossain, and Adams (2006) and Dimitropoulos and Asteriou (2010), especially regarding board independence. The study showsthat stronger governance structures have a positive effect on the quality of reported accounting information.

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Section: Tablecontrasting

confidence: 49%

“…By providing empirical evidence, Gabriel (2011) demonstrates that the structure of corporate governance can positively influence the quality of accounting information produced by a company and disclosed to stockholders.…”

Section: Quality Of Accounting Informationmentioning

confidence: 99%

Effects of Board of Directors' Characteristics on the Quality of Accounting Information in Brazil

Holtz

Neto

2014

Rev. contab. finanç.

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“…Na literatura internacional, há evidência empírica sobre a influência de práticas de governança corporativa na qualidade da informação contábil (BALL; KOTHARI; . Já no cenário nacional, Lopes e Walker (2008) e Gabriel (2011) encontraram indícios de que a existência de práticas de governança corporativa pode aumentar a qualidade da informação contábil.…”

Section: Objetivos Específicosunclassified

“…índice de governança corporativa, denominado Brazilian Corporate Governance Index -BCGI validado por outros trabalhos(DALMÁCIO, 2009;LIMA, 2010) foi desenvolvido com base em Lopes e Walker(2008). O objetivo é investigar o efeito das práticas de governança corporativa na qualidade da informação contábil das empresas brasileiras de capital aberto, pois há indícios na literaturaGABRIEL, 2011) de tal relação. Os itens que compõem o check-list estão presentes no anexo.…”

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Adoção completa das IFRS no Brasil: qualidade das demonstrações contábeis e o custo de capital próprio

Silva¹

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“…O nível de oportunismo gerencial associado ao processo de revisão de perda de ativos ou ponderação de accruals tende a ser reduzido quando a empresa possui um elevado nível de governança (CHAO; HORNG, 2013). Em outras palavras, a estrutura de governança é uma maneira de reduzir a possibilidade de oportunismo dos agentes, no que tange às escolhas contábeis e o comportamento discricionário das informações prestadas (FENG et al, 2011;GABRIEL, 2011 HAIR et al, 2005).…”

Section: Hipóteses Associadas Ao Big Bathunclassified

Perfil das empresas brasileiras com evidências de utilização de big bath

Silva¹

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Big Bath is among the types of management of results and consists in the reduction of current result aiming at its increase in the future period. Although the results management mechanism may affect profit in some way, its use can not be confused with fraud, since it is possible to flex the accounting of an accounting event so that the postponement of revenue, provided it is expected under the accrual basis. The use of mechanisms that may impact the profit can affect the qualitative characteristic of relevance, compromising the decision making process by the users of the accounting information, which motivates the present research. This study aimed to identify the profile of companies with evidence of the use of Big Bath with shares traded in Brazil, Bolsa, Balcão (B3) using the Pae Model (2005) to measure discretionary accruals. In a sample of 209 publicly traded companies operating in Brazil, which was investigated in the period from 2012 to 2016, the panel data of the Pae Model (2005) with corrected heteroscedasticity (White) was used. The study sought to answer the hypotheses of eight characteristics (size of company, level of corporate governance, degree of indebtedness, control structure, manager change, audit company and audit company change) to form a profile of companies with evidence of Big Bath. Overall, we found 52 evidence of use of Big Bath during the selected interval, and 40 of them were classified as low level and 12 as high level of results management. Most companies with evidence of Big Bath have the following profile: smaller size, not included in the Novo Mercado, high indebtedness, independent of the sector of operation, less concentrated control structure, permanence of the same manager and auditor of the previous period and are audited by Big Four.

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Impacto da adesão às práticas recomendadas de governança corporativa no índice de qualidade da informação contábil

Cited by 10 publications

References 13 publications

Effects of Board of Directors' Characteristics on the Quality of Accounting Information in Brazil

Effects of Board of Directors' Characteristics on the Quality of Accounting Information in Brazil

Adoção completa das IFRS no Brasil: qualidade das demonstrações contábeis e o custo de capital próprio

Perfil das empresas brasileiras com evidências de utilização de big bath

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