Efeito da estratégia do negócio na prática de gerenciamento de resultados por Accruals
Résumé
Objetivo: Analisar o efeito da estratégia prospectora no gerenciamento de resultados por accruals (GR).
Método: Regressão linear múltipla (Ordinary Least Squares). Os dados referem-se ao período de 2014 a 2019. A amostra compreendeu 148 empresas brasileiras.
Originalidade/Relevância: A pesquisa explora as implicações do efeito da estratégia de negócios da empresa nas políticas de relatórios contábeis, demonstrando que características gerenciais das empresas, incentivos de mercado e o oportunismo gerencial, podem estar relacionadas (positiva ou negativamente) a práticas oportunistas dos gestores.
Resultados: Os resultados sugerem que empresas com características prospectoras apresentam menor prática de GR. No entanto, ao incluir incentivos ao GR na análise, constatou-se que empresas prospectoras mais alavancadas tendem a apresentar menores níveis de accruals discricionários.
Contribuição: Como contribuições do estudo, se destaca a interação entre um aspecto da contabilidade gerencial (tipo da estratégia do negócio), e a contabilidade financeira (prática de GR), algo ainda incipiente, principalmente no Brasil. O estudo contribui ainda ao fornecer informações úteis para stakeholders, investidores e analistas, pois sugere que o esforço para a maior qualidade da informação contábil pode estar relacionado à estratégia de negócio adotada pelas empresas.
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Références
Abarbanell, J., & Lehavy, R. (2003). Biased forecasts or biased earnings? The role of reported earnings in explaining apparent bias and over/underreaction in analysts’ earnings forecasts. Journal of Accounting and Economics, 36(1-3), 105-146. https://doi.org/10.1016/j.jacceco.2003.11.001
Agustia, D., Muhammad, N. P. A., & Permatasari, Y. (2020). Earnings management, business strategy, and bankruptcy risk: evidence from Indonesia. Heliyon, 6(2), e03317. https://doi.org/10.1016/j.heliyon.2020.e03317
Bartov, E. (1993). The timing of asset sales and earnings manipulation. The Accounting Review, 840-855.
Bentley-Goode, K. A., Newton, N. J., & Thompson, A. M. (2017). Business strategy, internal control over financial reporting, and audit reporting quality. Auditing: A Journal of Practice & Theory, 36(4), 49-69. https://doi.org/10.2308/ajpt-51693
Bentley, K. A., Omer, T. C., & Sharp, N. Y. (2013). Business strategy, financial reporting irregularities, and audit effort. Contemporary Accounting Research, 30(2), 780-817. https://doi.org/10.1111/j.1911-3846.2012.01174.x
Bentley, K. A., Omer, T. C., & Twedt, B. (2014). Does business strategy impact a firm’s information environment. Journal of Accounting, Auditing & Finance. https://doi.org/10.1177/0148558X17726893
Brooks, C. (2014). Introductory econometrics for finance, 3 rd edition. New York: Cambridge University Press.
Bryan, D., Fernando, G. D., & Tripathy, A. (2013). Bankruptcy risk, productivity and firm strategy. Review of Accounting and Finance, 12(4), 309–326. https://doi.org/10.1108/RAF-06-2012-0052
Burgstahler, D. C., Hail, L., & Leuz, C. (2006). The importance of reporting incentives: earnings management in European private and public firms. The accounting review, 81(5), 983-1016. https://doi.org/10.2308/accr.2006.81.5.983
Bushee, B. J., Goodman, T. H., & Sunder, S. V. (2019). Financial reporting quality, investment horizon, and institutional investor trading strategies. The Accounting Review, 94(3), 87-112. https://doi.org/10.2308/accr-52202
Chen, G. Z., & Keung, E. C. (2019). The impact of business strategy on insider trading profitability. Pacific-Basin Finance Journal, 55, 270-282. https://doi.org/10.1016/j.pacfin.2019.04.007
Choi, J. H., Kim, J. B., Liu, X., & Simunic, D. A. (2009). Cross-listing audit fee premiums: Theory and evidence. The Accounting Review, 84(5), 1429-1463. https://doi.org/10.2308/accr.2009.84.5.1429
Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and accrual‐based earnings management in the pre‐and post‐Sarbanes‐Oxley periods. The Accounting Review, 83(3), 757-787. https://doi.org/10.2308/accr.2008.83.3.757
Danjour, M. F., Medeiros, B. C., Añez, M. E. M., & de Araújo, A. G. (2016). Mensuração do Comportamento estratégico a partir da cultura organizacional: um estudo em Lojas de shopping centers. Revista Ibero-Americana de Estratégia (RIAE), 15(4), 12-27. DOI: 10.5585/riae.v15i4.2347
Dechow, P. M., Ge, W., & Schrand, C. (2010). Understanding earnings quality: a review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2-3), 344-401. https://doi.org/10.1016/j.jacceco.2010.09.001
Dechow, P. M., & Skinner, D. J. (2000). Earnings management: reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons, 14(2), 235-250. https://doi.org/10.2308/acch.2000.14.2.235
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. Accounting Review, 70(2), 193-225.
DeSarbo, W. S., Di Benedetto, C. A., Song, M., & Sinha, I. (2005). Revisiting the Miles and Snow strategic framework: uncovering interrelationships between strategic types, capabilities, environmental uncertainty, and firm performance. Strategic Management Journal, 26(1), 47-74. https://doi.org/10.1002/smj.431
Domingues, J. C. A., & Nakao, S. H. (2017). Previsão dos analistas e adoção dos padrões IFRS em petrolíferas mundiais. Revista Universo Contábil, 13(2), 6-24. Doi:10.4270/ruc.2017206
Doukakis, L. C. (2014). The effect of mandatory IFRS adoption on real and accrual-based earnings management activities. Journal of Accounting and Public Policy, 33(6), 551-572. https://doi.org/10.1016/j.jaccpubpol.2014.08.006
Easley, D., & O'hara, M. (2004). Information and the cost of capital. The journal of finance, 59(4), 1553-1583. https://doi.org/10.1111/j.1540-6261.2004.00672.x
Frankel, R., McNichols, M., & Wilson, G. P. (1995). Discretionary disclosure and external financing. Accounting Review, 1, 135-150.
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of accounting and economics, 40(1-3), 3-73. https://doi.org/10.1016/j.jacceco.2005.01.002
Gul, F.A., Fung, S.Y.K., Jaggi, B. (2009), Earnings quality: Some evidence on the role of auditor tenure and auditors’ industry expertise. Journal of Accounting and Economics, 47(3), 265-287. https://doi.org/10.1016/j.jacceco.2009.03.001
Habib, A., & Hasan, M. M. (2017). Business strategy, overvalued equities, and stock price crash risk. Research in International Business and Finance, 39, 389-405. https://doi.org/10.1016/j.ribaf.2016.09.011
Hambrick, D. C. (1983). High profit strategies in mature capital goods industries: a contingency approach. Academy of Management journal, 26(4), 687-707. https://doi.org/10.5465/255916
Hand, J. (2001). The economic versus accounting impacts of R&D on U.S. market-to-book ratios. Working Paper, University of NorthCarolina, Chapel Hill.
Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting horizons, 13(4), 365-383. https://doi.org/10.2308/acch.1999.13.4.365
Houqe, M. N., Kerr, R., & Monem, R. (2015). Business strategy, economic growth, and earnings quality. Social Science Research Network.
Hribar, P., & Collins, D. W. (2002). Errors in estimating accruals: implications for empirical research. Journal of Accounting research, 40(1), 105-134. https://doi.org/10.1111/1475-679X.00041
Hribar, P., Jenkins, N. T., & Johnson, W. B. (2006). Stock repurchases as an earnings management device. Journal of Accounting and Economics, 41(1-2), 3-27. https://doi.org/10.1016/j.jacceco.2005.10.002
Hsieh, C. C., Ma, Z., & Novoselov, K. E. (2019). Accounting conservatism, business strategy, and ambiguity. Accounting, Organizations and Society, 74, 41-55. https://doi.org/10.1016/j.aos.2018.08.001
Ittner, C. D., Larcker, D. F., & Rajan, M. V. (1997). The choice of performance measures in annual bonus contracts. Accounting Review, 72(2), 231-255.
Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193-228.
Kama, I., & Melumad, N. (2020). Camouflaged indicators of earnings management. European Accounting Review, 29(2), 361-382. https://doi.org/10.1080/09638180.2019.1595693
Khanh, H. T. M., & Nguyen, V. K. (2018). Audit quality, firm characteristics and real earnings management: The case of listed vietnamese firms. International Journal of Economics and Financial Issues, 8(4), 243.
Kim, O., & Verrecchia, R. E. (1994). Market liquidity and volume around earnings announcements. Journal of accounting and economics, 17(1-2), 41-67. https://doi.org/10.1016/0165-4101(94)90004-3
Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of accounting and economics, 39(1), 163-197. https://doi.org/10.1016/j.jacceco.2004.11.002
Kwag, S. W., & Stephens, A. A. (2009). Investor reaction to earnings management. Managerial Finance, 36(1), 44–56.
LaBelle, R. (1990). Bond covenants and changes in accounting policy: Canadian evidence. Contemporary Accounting Research, 6(2), 677-698. https://doi.org/10.1111/j.1911-3846.1990.tb00781.x
Lang, M. H., & Lundholm, R. J. (2000). Voluntary disclosure and equity offerings: reducing information asymmetry or hyping the stock?. Contemporary accounting research, 17(4), 623-662. https://doi.org/10.1506/9N45-F0JX-AXVW-LBWJ
Lim, E. K., Chalmers, K., & Hanlon, D. (2018). The influence of business strategy on annual report readability. Journal of Accounting and Public Policy, 37(1), 65-81. https://doi.org/10.1016/j.jaccpubpol.2018.01.003
Martinez, A. L., & Ferreira, B. A. (2019). Business strategy and tax aggressiveness in Brazil. Journal of Strategy and Management, 12(4), 7-17. https://doi.org/10.1108/JSMA-03-2019-0040
Martins, V. G., Paulo, E., & Monte, P. A. (2016). O gerenciamento de resultados contábeis exerce influência na acurácia da previsão de analistas no Brasil?. Revista Universo Contábil, 12(3), 73-90.
Miles, R. E., & Snow, C. C (1978). Organizational strategy, structure and process. New York, McGrawHill. https://doi.org/10.5465/amr.1978.4305755
Miles, R. E., & Snow, C. C. (2007). Organization theory and supply chain management: an evolving research perspective. Journal of operations management, 25(2), 459-463.
Mota, R. H. G., da Cunha, A. C., de Oliveira, A. F., & Paulo, E. (2017). Previsão de lucro e gerenciamento de resultados: evidências empíricas no mercado acionário brasileiro. Revista Universo Contábil, 13(1), 06-26. Doi:10.4270/ruc.2017101
Murcia, F. D. R., & Wuerges, A. (2011). Escolhas contábeis no mercado brasileiro: divulgação voluntária de informações versus gerenciamento de resultados. Revista Universo Contábil, 7(2), 28-44. Doi:10.4270/ruc.2011211
Naiker, V., Navissi, F., & Sridharan, V. G. (2008). The agency cost effects of unionization on firm value. Journal of Management Accounting Research, 20(1), 133-152. https://doi.org/10.2308/jmar.2008.20.1.133
Nissim, D., & Penman, S. H. (2001). Ratio analysis and equity valuation: From research to practice. Review of accounting studies, 6(1), 109-154.
Osma, B. G., & Young, S. (2009). R&D expenditure and earnings targets. European Accounting Review, 18(1), 7-32. https://doi.org/10.1080/09638180802016718
Palmrose, Z. V., & Scholz, S. (2004). The circumstances and legal consequences of non‐GAAP reporting: Evidence from restatements. Contemporary Accounting Research, 21(1), 139-180. https://doi.org/10.1506/WBF9-Y69X-L4DX-JMV1
Penman, S. H., & Zhang, X. J. (2002). Accounting conservatism, the quality of earnings, and stock returns. The accounting review, 77(2), 237-264. https://doi.org/10.2308/accr.2002.77.2.237
Quinn, R. E., & Cameron, K. (1983). Organizational life cycles and shifting criteria of effectiveness: Some preliminary evidence. Management science, 29(1), 33-51. https://doi.org/10.1287/mnsc.29.1.33
Theodossiou, P., Kahya, E., Saidi, R., & Philippatos, G. (1996). Financial distress and corporate acquisitions: further empirical evidence. Journal of Business Finance & Accounting, 23(5‐6), 699-719.
Simons, R. (1987). Accounting control systems and business strategy: an empirical analysis. Accounting, organizations and society, 12(4), 357-374. https://doi.org/10.1016/0361-3682(87)90024-9
Soderstrom, N. S., & Sun, K. J. (2007). IFRS adoption and accounting quality: a review. European accounting review, 16(4), 675-702. https://doi.org/10.1080/09638180701706732
Stolowy, H., & Breton, G. (2004). Accounts manipulation: a literature review and proposed conceptual framework. Review of Accounting and Finance. https://doi.org/10.1108/eb043395
Yoon, S. (2007). Accounting quality and international accounting convergence. Dissertation (Doctor of Philosophy) - Oklahoma State University, Oklahoma.
Watts, R. & Zimmerman, J. (1986). Positive Accounting Theory, Prentice-Hall, Englewood Cliffs, NJ.
Agustia, D., Muhammad, N. P. A., & Permatasari, Y. (2020). Earnings management, business strategy, and bankruptcy risk: evidence from Indonesia. Heliyon, 6(2), e03317. https://doi.org/10.1016/j.heliyon.2020.e03317
Bartov, E. (1993). The timing of asset sales and earnings manipulation. The Accounting Review, 840-855.
Bentley-Goode, K. A., Newton, N. J., & Thompson, A. M. (2017). Business strategy, internal control over financial reporting, and audit reporting quality. Auditing: A Journal of Practice & Theory, 36(4), 49-69. https://doi.org/10.2308/ajpt-51693
Bentley, K. A., Omer, T. C., & Sharp, N. Y. (2013). Business strategy, financial reporting irregularities, and audit effort. Contemporary Accounting Research, 30(2), 780-817. https://doi.org/10.1111/j.1911-3846.2012.01174.x
Bentley, K. A., Omer, T. C., & Twedt, B. (2014). Does business strategy impact a firm’s information environment. Journal of Accounting, Auditing & Finance. https://doi.org/10.1177/0148558X17726893
Brooks, C. (2014). Introductory econometrics for finance, 3 rd edition. New York: Cambridge University Press.
Bryan, D., Fernando, G. D., & Tripathy, A. (2013). Bankruptcy risk, productivity and firm strategy. Review of Accounting and Finance, 12(4), 309–326. https://doi.org/10.1108/RAF-06-2012-0052
Burgstahler, D. C., Hail, L., & Leuz, C. (2006). The importance of reporting incentives: earnings management in European private and public firms. The accounting review, 81(5), 983-1016. https://doi.org/10.2308/accr.2006.81.5.983
Bushee, B. J., Goodman, T. H., & Sunder, S. V. (2019). Financial reporting quality, investment horizon, and institutional investor trading strategies. The Accounting Review, 94(3), 87-112. https://doi.org/10.2308/accr-52202
Chen, G. Z., & Keung, E. C. (2019). The impact of business strategy on insider trading profitability. Pacific-Basin Finance Journal, 55, 270-282. https://doi.org/10.1016/j.pacfin.2019.04.007
Choi, J. H., Kim, J. B., Liu, X., & Simunic, D. A. (2009). Cross-listing audit fee premiums: Theory and evidence. The Accounting Review, 84(5), 1429-1463. https://doi.org/10.2308/accr.2009.84.5.1429
Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and accrual‐based earnings management in the pre‐and post‐Sarbanes‐Oxley periods. The Accounting Review, 83(3), 757-787. https://doi.org/10.2308/accr.2008.83.3.757
Danjour, M. F., Medeiros, B. C., Añez, M. E. M., & de Araújo, A. G. (2016). Mensuração do Comportamento estratégico a partir da cultura organizacional: um estudo em Lojas de shopping centers. Revista Ibero-Americana de Estratégia (RIAE), 15(4), 12-27. DOI: 10.5585/riae.v15i4.2347
Dechow, P. M., Ge, W., & Schrand, C. (2010). Understanding earnings quality: a review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2-3), 344-401. https://doi.org/10.1016/j.jacceco.2010.09.001
Dechow, P. M., & Skinner, D. J. (2000). Earnings management: reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons, 14(2), 235-250. https://doi.org/10.2308/acch.2000.14.2.235
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. Accounting Review, 70(2), 193-225.
DeSarbo, W. S., Di Benedetto, C. A., Song, M., & Sinha, I. (2005). Revisiting the Miles and Snow strategic framework: uncovering interrelationships between strategic types, capabilities, environmental uncertainty, and firm performance. Strategic Management Journal, 26(1), 47-74. https://doi.org/10.1002/smj.431
Domingues, J. C. A., & Nakao, S. H. (2017). Previsão dos analistas e adoção dos padrões IFRS em petrolíferas mundiais. Revista Universo Contábil, 13(2), 6-24. Doi:10.4270/ruc.2017206
Doukakis, L. C. (2014). The effect of mandatory IFRS adoption on real and accrual-based earnings management activities. Journal of Accounting and Public Policy, 33(6), 551-572. https://doi.org/10.1016/j.jaccpubpol.2014.08.006
Easley, D., & O'hara, M. (2004). Information and the cost of capital. The journal of finance, 59(4), 1553-1583. https://doi.org/10.1111/j.1540-6261.2004.00672.x
Frankel, R., McNichols, M., & Wilson, G. P. (1995). Discretionary disclosure and external financing. Accounting Review, 1, 135-150.
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of accounting and economics, 40(1-3), 3-73. https://doi.org/10.1016/j.jacceco.2005.01.002
Gul, F.A., Fung, S.Y.K., Jaggi, B. (2009), Earnings quality: Some evidence on the role of auditor tenure and auditors’ industry expertise. Journal of Accounting and Economics, 47(3), 265-287. https://doi.org/10.1016/j.jacceco.2009.03.001
Habib, A., & Hasan, M. M. (2017). Business strategy, overvalued equities, and stock price crash risk. Research in International Business and Finance, 39, 389-405. https://doi.org/10.1016/j.ribaf.2016.09.011
Hambrick, D. C. (1983). High profit strategies in mature capital goods industries: a contingency approach. Academy of Management journal, 26(4), 687-707. https://doi.org/10.5465/255916
Hand, J. (2001). The economic versus accounting impacts of R&D on U.S. market-to-book ratios. Working Paper, University of NorthCarolina, Chapel Hill.
Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting horizons, 13(4), 365-383. https://doi.org/10.2308/acch.1999.13.4.365
Houqe, M. N., Kerr, R., & Monem, R. (2015). Business strategy, economic growth, and earnings quality. Social Science Research Network.
Hribar, P., & Collins, D. W. (2002). Errors in estimating accruals: implications for empirical research. Journal of Accounting research, 40(1), 105-134. https://doi.org/10.1111/1475-679X.00041
Hribar, P., Jenkins, N. T., & Johnson, W. B. (2006). Stock repurchases as an earnings management device. Journal of Accounting and Economics, 41(1-2), 3-27. https://doi.org/10.1016/j.jacceco.2005.10.002
Hsieh, C. C., Ma, Z., & Novoselov, K. E. (2019). Accounting conservatism, business strategy, and ambiguity. Accounting, Organizations and Society, 74, 41-55. https://doi.org/10.1016/j.aos.2018.08.001
Ittner, C. D., Larcker, D. F., & Rajan, M. V. (1997). The choice of performance measures in annual bonus contracts. Accounting Review, 72(2), 231-255.
Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193-228.
Kama, I., & Melumad, N. (2020). Camouflaged indicators of earnings management. European Accounting Review, 29(2), 361-382. https://doi.org/10.1080/09638180.2019.1595693
Khanh, H. T. M., & Nguyen, V. K. (2018). Audit quality, firm characteristics and real earnings management: The case of listed vietnamese firms. International Journal of Economics and Financial Issues, 8(4), 243.
Kim, O., & Verrecchia, R. E. (1994). Market liquidity and volume around earnings announcements. Journal of accounting and economics, 17(1-2), 41-67. https://doi.org/10.1016/0165-4101(94)90004-3
Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of accounting and economics, 39(1), 163-197. https://doi.org/10.1016/j.jacceco.2004.11.002
Kwag, S. W., & Stephens, A. A. (2009). Investor reaction to earnings management. Managerial Finance, 36(1), 44–56.
LaBelle, R. (1990). Bond covenants and changes in accounting policy: Canadian evidence. Contemporary Accounting Research, 6(2), 677-698. https://doi.org/10.1111/j.1911-3846.1990.tb00781.x
Lang, M. H., & Lundholm, R. J. (2000). Voluntary disclosure and equity offerings: reducing information asymmetry or hyping the stock?. Contemporary accounting research, 17(4), 623-662. https://doi.org/10.1506/9N45-F0JX-AXVW-LBWJ
Lim, E. K., Chalmers, K., & Hanlon, D. (2018). The influence of business strategy on annual report readability. Journal of Accounting and Public Policy, 37(1), 65-81. https://doi.org/10.1016/j.jaccpubpol.2018.01.003
Martinez, A. L., & Ferreira, B. A. (2019). Business strategy and tax aggressiveness in Brazil. Journal of Strategy and Management, 12(4), 7-17. https://doi.org/10.1108/JSMA-03-2019-0040
Martins, V. G., Paulo, E., & Monte, P. A. (2016). O gerenciamento de resultados contábeis exerce influência na acurácia da previsão de analistas no Brasil?. Revista Universo Contábil, 12(3), 73-90.
Miles, R. E., & Snow, C. C (1978). Organizational strategy, structure and process. New York, McGrawHill. https://doi.org/10.5465/amr.1978.4305755
Miles, R. E., & Snow, C. C. (2007). Organization theory and supply chain management: an evolving research perspective. Journal of operations management, 25(2), 459-463.
Mota, R. H. G., da Cunha, A. C., de Oliveira, A. F., & Paulo, E. (2017). Previsão de lucro e gerenciamento de resultados: evidências empíricas no mercado acionário brasileiro. Revista Universo Contábil, 13(1), 06-26. Doi:10.4270/ruc.2017101
Murcia, F. D. R., & Wuerges, A. (2011). Escolhas contábeis no mercado brasileiro: divulgação voluntária de informações versus gerenciamento de resultados. Revista Universo Contábil, 7(2), 28-44. Doi:10.4270/ruc.2011211
Naiker, V., Navissi, F., & Sridharan, V. G. (2008). The agency cost effects of unionization on firm value. Journal of Management Accounting Research, 20(1), 133-152. https://doi.org/10.2308/jmar.2008.20.1.133
Nissim, D., & Penman, S. H. (2001). Ratio analysis and equity valuation: From research to practice. Review of accounting studies, 6(1), 109-154.
Osma, B. G., & Young, S. (2009). R&D expenditure and earnings targets. European Accounting Review, 18(1), 7-32. https://doi.org/10.1080/09638180802016718
Palmrose, Z. V., & Scholz, S. (2004). The circumstances and legal consequences of non‐GAAP reporting: Evidence from restatements. Contemporary Accounting Research, 21(1), 139-180. https://doi.org/10.1506/WBF9-Y69X-L4DX-JMV1
Penman, S. H., & Zhang, X. J. (2002). Accounting conservatism, the quality of earnings, and stock returns. The accounting review, 77(2), 237-264. https://doi.org/10.2308/accr.2002.77.2.237
Quinn, R. E., & Cameron, K. (1983). Organizational life cycles and shifting criteria of effectiveness: Some preliminary evidence. Management science, 29(1), 33-51. https://doi.org/10.1287/mnsc.29.1.33
Theodossiou, P., Kahya, E., Saidi, R., & Philippatos, G. (1996). Financial distress and corporate acquisitions: further empirical evidence. Journal of Business Finance & Accounting, 23(5‐6), 699-719.
Simons, R. (1987). Accounting control systems and business strategy: an empirical analysis. Accounting, organizations and society, 12(4), 357-374. https://doi.org/10.1016/0361-3682(87)90024-9
Soderstrom, N. S., & Sun, K. J. (2007). IFRS adoption and accounting quality: a review. European accounting review, 16(4), 675-702. https://doi.org/10.1080/09638180701706732
Stolowy, H., & Breton, G. (2004). Accounts manipulation: a literature review and proposed conceptual framework. Review of Accounting and Finance. https://doi.org/10.1108/eb043395
Yoon, S. (2007). Accounting quality and international accounting convergence. Dissertation (Doctor of Philosophy) - Oklahoma State University, Oklahoma.
Watts, R. & Zimmerman, J. (1986). Positive Accounting Theory, Prentice-Hall, Englewood Cliffs, NJ.
Publiée
2025-01-17
Comment citer
Lunardi, M. A., Haussmann, D. C. S., & Klann, R. C. (2025). Efeito da estratégia do negócio na prática de gerenciamento de resultados por Accruals. Enfoque: Reflexão Contábil, 44(1), 114-130. https://doi.org/10.4025/enfoque.v44i1.63027
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