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- Title
Conexão política como incentivo para o gerenciamento de resultados por accruals.
- Authors
Nobre Parente, Paulo Henrique; Mota Nascimento, Ariane Firmeza; Paulo, Edilson; Diogenes Gois, Alan
- Abstract
This paper aims to analyze the effect of political connection - considered as a strategy of guaranteeing benefits and protection of the external environment - in earnings management, in a sample composed by 486 observations listed in B3 S/A in the election periods of 2006, 2010 and 2014, with data available in the Compustat® database and on the website of the Superior Electoral Court (TSE). Using indicators of campaign donation by the company and the CEO, it was observed that politically connected companies have higher levels of accrual accounting results management, showing preference for strategy that is not reflected in cash flow and does not influence the operating structure of companies. In addition, when companies encounter barriers to managing earnings by accruals - which is not the case with politically connected companies - management is more likely to occur through actual operating activities which, while more costly, are not subject to the scrutiny of audit systems.
- Subjects
ACCRUAL basis accounting; EARNINGS management; CASH flow; ENVIRONMENTAL protection; SUPERIOR courts
- Publication
REUNIR: Revista de Administração, Contabilidade e Sustentabilidade, 2020, Vol 10, Issue 2, p78
- ISSN
2237-3667
- Publication type
Article
- DOI
10.18696/reunir.v10i2.1002