Relation among business life cycle stages on earnings quality in Brazilian public companies
Name: WANDO BELFFI DA COSTA
Publication date: 12/05/2015
Advisor:
Name |
Role |
|---|---|
| JOSE ELIAS FERES DE ALMEIDA | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| JOSE ELIAS FERES DE ALMEIDA | Advisor * |
| PATRÍCIA MARIA BORTOLON | Internal Examiner * |
Summary: This dissertation aims to identify whether the several life cycle stages (LCS) are
related to the quality of accounting information in Brazilian companies. According
to international research, those stages influence the quality of accounting
information. The relevance, timing and conservatism metrics were apllied similar
to the way used by Lopes (2009) to check the quality of accounting information.
To identify the life cycle stages, it was used the organic identification elaborated
by Dickinson (2011), WHEREin signals from the company cash flows are used to
identify which lifecycle stage is the company in. The sample of this study consists
in Brazilian publicly traded firms on the BM&FBovespa from 2008 to 2013.
Although financial firms were excluded from the sample. The total amount of firms
investigated was 330, summing up a total of 1,163 observations for the relevance
model, 1,163 for the timing model and 1.167 observations for the conservatism
model. In order to verify the effects of LCS in the quality of accounting information
it was used an unbalanced panel data, robust regression with White correction,
identifying LCS by means of dummies. The results indicate that the LCS affects
the quality of accounting information and the stages of growth and maturity in the
financial statements have greater relevance and timeliness. This study was not
able to identify the effects of the stages LC in conservatism, since the variables
of interest were not statistically significant.
