A influência de alguns fatores, sobre o coeficiente de resposta de ganhos (ERC) diante da perspectiva do gerenciamento de resultados (GR)

Abstract

This study aimed to evaluate in the Brazilian context, as determinants, previously mentioned in the literature, influence the Earnings Response Coefficient (ERC) of companies listed in the IBrX 100, given the results management perspective (GR), as determinants previously mentioned in the literature. The period of analysis took place between the years of 2005 and 2010, since it comprised a period marked by convergence to international accounting standards. In addition, the final sample included 28 companies given the exclusion of companies that some of the data was missing and financial companies. The present study has a descriptive characteristic, classified as a documentary research, and quantitative approach, with statistical treatment of panel data regression. The analysis of the model allowed to verify that the constant and the TAM and EC variables were significant at the 1%, 5% and 10% level. Thus, among the three variables discussed in this study, two: Size and Capital Structure had a significant influence on the ERC, in a similar way, that is, negative influence allowing to accept the hypotheses 1 and 3 raised in the work. While the other determinant Growth Opportunity has not been shown to be a significant factor in the ERC for the sample studied, this has led to the rejection of hypothesis 2. In addition, given the period of convergence to international accounting standards and the environment most conducive to It is possible that the ERC may have suffered some distortion.