Envíe este artículo por correo electrónico 
Ocultar
Mostrar todos
Tempestividade dos Relatórios Financeiros e a Persistência dos Lucros de Empresas Listadas na B3
Resumen
Este estudo tem como objetivo analisar a relação entre a tempestividade na divulgação de relatórios financeiros e a persistência dos lucros de empresas brasileiras listadas na B3. Utilizando uma amostra de 192 empresas entre 2011 e 2020, foram aplicados quatro modelos de persistência e três medidas de tempestividade. Os achados indicam que empresas que mais demoram a publicar, atrasam a publicação, ou mais demoram a publicar após o atraso apresentam menor persistência em seus lucros e fluxos de caixa. Estes resultados contribuem ao orientar a prática empresarial e políticas regulatórias, pois empresas e reguladores podem ser incentivados a adotar medidas que promovam a divulgação tempestiva de informações financeiras, visando a manutenção de lucros consistentes e confiáveis.
Palabras clave
Texto completo:
PDF (Português (Brasil))Referencias
ABUBAKAR, A.; ABBAS, A. N. Overall Value Relevance of Timeliness of Accounting Information in the Listed Insurance Firms in Nigeria: An Application of Crammer Z Test. Gusau International Journal of Management and Social Sciences, v. 4, n. 3, pp. 230-249, 2021. https://gijmss.com.ng/index.php/gijmss/article/view/89
AIGIENOHUWA, O. O.; EZEJIOFOR, R. A. Leverage and timeliness of financial reports in Nigerian quoted companies. International Journal of Advanced Academic Research, v. 7, n. 10, p. 153-170, 2021.
AIGIENOHUWA, O. O.; UNIAMIKOGBO, E. Profitability and Timeliness of financial reports in Nigerian quoted companies. International Journal of Trend in Scientific Research and Development, v. 5, n. 6, p. 1651-1662, 2021.
AKSOY, M.; YILMAZ, M. K.; TOPCU, N.; UYSAL, Ö. The impact of ownership structure, board attributes and XBRL mandate on timeliness of financial reporting: evidence from Turkey. Journal of Applied Accounting Research, v. 22, n. 4, p. 706-731, 2021. https://doi.org/10.1108/JAAR-07-2020-0127
ANTUNES, G. A.; TEIXEIRA, A. J. C. D.; COSTA, F. M. D.; NOSSA, V. Efeitos da adesão aos níveis de governança da Bolsa de Valores de São Paulo na qualidade da informação contábil. Advances in Scientific and Applied Accounting, v. 3, n. 1, p. 109-138, 2013. http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ASAA/article/view/1753/1635
AFSHEENA, P.; SANTHAKUMAR, S. Timeliness and persistence of conservative earnings in an emerging market. Journal of Financial Reporting and Accounting, v. 18, n. 3, p. 483-503, 2020. https://doi.org/10.1108/JFRA-12-2018-0116
BARTON, J.; HANSEN, T. B.; POWNALL, G. Which Performance Measures Do Investors Around the World Value the Most - and Why? The Accounting Review, v. 85, n. 3, p. 753-789, 2010. https://doi.org/10.2308/accr.2010.85.3.753
BASU, S. The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics, v. 24, n. 1, p. 3-37, 1997. https://doi.org/10.1016/S0165-4101(97)00014-1
BEAVER, W. H.; LANDSMAN, W. R.; OWENS, E. L. Asymmetry in earnings timeliness and persistence: A simultaneous equations approach. Review of Accounting Studies, v. 17, p. 781-806, 2012. https://doi.org/10.1007/s11142-011-9174-3
BEEKES, W.; POPE, P.; YOUNG, S. The link between earnings timeliness, earnings conservatism and board composition: evidence from the UK. Corporate Governance: An International Review, v. 12, n. 1, p. 47-59, 2004. https://doi.org/10.1111/j.1467-8683.2004.00342.x
BUSHMAN, R.; CHEN, Q.; ENGEL, E.; SMITH, A. Financial accounting information, organizational complexity and corporate governance systems. Journal of Accounting and Economics, v. 37, n. 2, p. 167-201, 2004. https://doi.org/10.1016/j.jacceco.2003.09.005
CLATWORTHY, M. A.; PEEL, M. J. The timeliness of UK private company financial reporting: Regulatory and economic influences. The British Accounting Review, v. 48, n. 3, p. 297-315, 2016. https://doi.org/10.1016/j.bar.2016.05.001
DECHOW, P. M.; SCHRAND, C. M. Earnings quality. Research Foundation of CFA Institute, 1–160, 2004.
DECHOW, P. M.; SKINNER, D. J. Earnings management: Reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons, v. 14, n. 2, p. 235-250, 2000. https://doi.org/10.2308/acch.2000.14.2.235
DECHOW, P.; GE, W.; SCHRAND, C. Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, v. 50, n. 2-3, p. 344-401, 2010. https://doi.org/10.1016/j.jacceco.2010.09.001
DOBIJA, D.; PUŁAWSKA, K. The influence of board members with foreign experience on the timely delivery of financial reports. Journal of Management and Governance, p. 1-27, 2021. https://doi.org/10.1007/s10997-020-09559-1
EBRAHIMI, S. K.; BAHRAMINASAB, A.; MAMASHLI, R. The effect of financial crisis on earnings quality. Accounting and Auditing Review, v. 23, n. 4, p. 415-434, 2017. https://doi.org/10.22059/ACCTGREV.2017.60853
EDMONDS, C. T.; EDMONDS, J. E.; VERMEER, B. Y.; VERMEER, T. E. Does timeliness of financial information matter in the governmental sector? Journal of Accounting and Public Policy, v. 36, n. 2, p. 163-176, 2017. https://doi.org/10.1016/j.jaccpubpol.2017.02.002
EWERT, R.; WAGENHOFER, A. Economic Relations Among Earnings Quality Measures. ABACUS, v. 51, n. 3, p. 311-355, 2015. https://doi.org/10.1111/abac.12054
FRANCIS, J.; LAFOND, R.; OLSSON, P.; SCHIPPER, K. The market pricing of accruals quality. Journal of Accounting and Economics, v. 39, n. 2, p. 295-327, 2005. https://doi.org/10.1016/j.jacceco.2004.06.003
INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB). Conceptual framework for financial reporting. London: IFRS Foundation, 2018. https://www.ifrs.org/issued-standards/list-of-standards/conceptual-framework/
IUDÍCIBUS, S. D.; MARTINS, E.; CARVALHO, L. N. Contabilidade: aspectos relevantes da epopeia de sua evolução. Revista Contabilidade & Finanças, v. 16, n. 38, p. 7-19, 2005. https://doi.org/10.1590/S1519-70772005000200002
KHASANAH, H.; KHAFID, M. IOS, Company Characteristics and Board of Commissioners’ Effect on Earnings Quality with Intervening Variable Earnings Persistence. Accounting Analysis Journal, v. 9, n. 1, p. 46-52, 2020. https://doi.org/10.15294/aaj.v9i1.29539
KIRCH, G.; LIMA, J. B. N.; TERRA, P. R. S. Determinantes da Defasagem na Divulgação das Demonstrações Contábeis das Companhias Abertas Brasileiras. Revista Contabilidade & Finanças, v. 23, n. 60, p. 173-186, 2012. https://doi.org/10.1590/S1519-70772012000300003
KOLOZSVARI, A. C.; MACEDO, M. A. S. Análise da influência da presença da suavização de resultados sobre a persistência dos lucros no mercado brasileiro. Revista Contabilidade & Finanças, v. 27, p. 306-319, 2016. https://doi.org/10.1590/1808-057x201602610
KNECHEL, W. R.; PAYNE, J. L. Additional evidence on audit report lag. Auditing: A Journal of Practice & Theory, v. 20, n. 1, p. 137-146, 2001.https://doi.org/10.2308/aud.2001.20.1.137
LATEEF, S. A.; RASHID, N.; OLOWOOKERE, J. K.; ADO, A. B. An Empirical Evidence of the Value Relevance and Timeliness of Financial Reports in the Post Adoption of IFRS in Nigeria. The Journal of Management Theory and Practice, p. 16-25, 2021. https://doi.org/10.37231/jmtp.2021.2.1.72
LEV, B. Some economic determinants of time-series properties of earnings. Journal of Accounting and Economics, v. 5, p. 31-48, 1983. https://doi.org/10.1016/0165-4101(83)90004-6
LI, V. The effect of real earnings management on the persistence and informativeness of earnings. The British Accounting Review, v. 51, n. 4, p. 402-423, 2019. https://doi.org/10.1016/j.bar.2019.02.005
NARDI, P. C. C.; AMADI, A. F.; SILVA, R. L. M. Análise da relação entre as características qualitativas da informação contábil e o audit delay. Advances in Scientific & Applied Accounting, v. 12, n. 3, 2019. http://dx.doi.org/10.14392/asaa.2019120306
OHLSON, J. Earnings, book values and dividends in equity valuation. Contemporary Accounting Research, v. 11, p. 661–687, 1995. https://doi.org/10.1111/j.1911-3846.1995.tb00461.x
PARTE-ESTEBAN, L.; GARCÍA, C. F. The influence of firm characteristics on earnings quality. International Journal of Hospitality Management, v. 42, p. 50-60, 2014. https://doi.org/10.1016/j.ijhm.2014.06.008
PENMAN, S. H.; ZHANG, X. J. Accounting conservatism, the quality of earnings, and stock returns. The Accounting Review, v. 77, n. 2, p. 237-264, 2002. https://doi.org/10.2308/accr.2002.77.2.237
PUTRI, S. A.; ARYANI, Y. A. Earnings Management Index, State Ownership, Industrial Sectors, and Timeliness of Financial Report in Indonesia. AKRUAL: Jurnal Akuntansi, v. 11, n. 2, p. 53-65, 2020. https://doi.org/10.26740/jaj.v11n2.p53-65
REZAEE, Z.; SAFARZADEH, M. H. Corporate governance and earnings quality: the behavioral theory of corporate governance (evidence from Iran). Corporate Governance: The international journal of business in society, v. 23, n. 1, p. 189-218, 2023. https://doi.org/10.1108/CG-08-2021-0289
ROCHA, S. P. D.; BEZERRA, F. A. O reconhecimento tempestivo de perda nas empresas brasileiras sob investigação de corrupção. Revista Contabilidade & Finanças, v. 32, p. 224-240, 2021. https://doi.org/10.1590/1808-057x202110570
RODRIGUES SOBRINHO, W. B., et al. A competição do mercado, impacto nos componentes do lucro contábil e no retorno das ações. Revista de Gestão, Finanças e Contabilidade, v. 4, n. 2, p. 54-72, 2014. https://doi.org/10.18028/rgfc.v4i2.537
SAKKA, I. F.; JARBOUI, A. Audit reports timeliness: Empirical evidence from Tunisia. Cogent Business & Management, v. 3, n. 1, p. 1195680, 2016. https://doi.org/10.1080/23311975.2016.1195680
SALGADO, N. N. B.; SOUZA, P. V. S. O efeito da tempestividade contábil no gerenciamento de resultados de empresas brasileiras listadas na B3. Advances in Scientific and Applied Accounting, p. 39-55, 2021. https://doi.org/10.14392/asaa.2021140102
SCHIPPER, K.; VINCENT, L. Earnings quality. Accounting Horizons, v. 17, p. 97-110, 2003. https://tinyurl.com/yckpjwp4
SCHMITZ, P. W. Asymmetric information and the property rights approach to the theory of the firm. Economics Letters, v. 159, p. 96-99, 2017. https://doi.org/10.1016/j.econlet.2017.07.026
SIMÕES, J. J. F.; de SOUZA, A. A.; GAZONI JUNIOR, G. G. G.; SARLO NETO, A. A tempestividade dos lucros contábeis observada por meio do retorno anormal acumulado e da variância do retorno anormal. Revista Mineira de Contabilidade, v. 22, n. 1, p. 68-81, 2021. https://doi.org/10.51320/rmc.v22i1.1202
SOUSA, A. M. et al. Efeito da suavização intencional de resultados na persistência dos lucros das empresas brasileiras de capital aberto. Enfoque: Reflexão Contábil, v. 41, n. 2, p. 87-106, 2022. https://doi.org/10.4025/enfoque.v41i2.53295
SOUZA, P. V. S.; SILVA, A. G. A.; MACEDO, M. A. S. Determinantes da perda do prazo de divulgação dos relatórios financeiros das companhias brasileiras de capital aberto. Revista Contemporânea de Contabilidade, v. 15, n. 37, p. 52-70, 2018. https://doi.org/10.5007/2175-8069.2018v15n37p52
TÜREL, A. Timeliness of financial reporting in emerging capital markets: Evidence from Turkey. European Financial and Accounting Journal, v. 5, n. 3, p. 113-133, 2010. https://doi.org/10.18267/j.efaj.58
Enlaces refback
- No hay ningún enlace refback.
Administração de Empresas em Revista, e-ISSN: 2316-7548
Rua Chile, 1678, Rebouças, Curitiba/PR (Brasil). CEP 80.220-181
