Earnings management through real operations and corporate sustainability in
Brazil
Name: ESTEPHANYE PAGANOTTI DA CUNHA
Publication date: 21/12/2016
Advisor:
Name |
Role |
|---|---|
| GABRIEL MOREIRA CAMPOS | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| GABRIEL MOREIRA CAMPOS | Advisor * |
| JOSE ELIAS FERES DE ALMEIDA | Internal Examiner * |
Summary: The objective of this dissertation is to analyze the relationship between earnings management
through operational decisions and factors of corporate sustainability of non-financial companies
listed on BM&FBOVESPA. The detection of earnings management for operational decisions
is by means of the waste (errors) of the regression and represent an abnormal level of real
activities of the company, so they are a proxy for this form of management (Paulo, 2007). In a
review of the literature on this theme, it was found that there is a gap in research on earnings
management in the context of Corporate Sustainability, given that there are few studies that
address the theme and the results are divergent. Thus, in this study, we used a sample totaling
1445 observations in the period from 2005 to 2015, collected by system Comdinheiro. For the
operationalization of the research, made use of the regression analysis by the model Pooled
Ordinary Least Squares (POLS) panel, with standard errors robust cluster by sector and year.
The results obtained, suggest there is no relationship between the practice of earnings
management through operational decisions and the entry of companies in the ISE portfolio
analysis, however, between the variables related to factors of corporate sustainability, it was
verified positive relationship in the three models of operational manipulations used between the
disclosure of corporate sustainability based on the GRI and results management through
operational decisions. It is concluded that the entry of companies in the ISE portfolio does the
influences in manipulate their operating results, and this finding corroborates the study by Silva
(2014). However, the data indicate that the companies use corporate sustainability in order to
practice earnings management through operational decisions, as well as identifies himself in
the research of Prior, Port and Tribó (2008); Salewski and Zülch (2014); Heltzer (2011) and
Beuren and Rodrigues Junior (2014).
