Influência da Estrutura de Propriedade e da Gestão Familiar no Gerenciamento de Resultados Outros Idiomas

ID:
49802
Resumo:
O estudo objetivou verificar a influência da estrutura de propriedade e da gestão familiar no gerenciamento de resultados de companhias abertas listadas na BM&FBovespa. Realizou-se pesquisa descritiva, documental e quantitativa, com dados de 2010 a 2014. Para identificação e análise da estrutura de propriedade utilizou-se a metodologia de La Porta, Lopez-de-Silanes e Shleifer (1999), que rastreou a cadeia de propriedade até identificar o último acionista controlador. Para identificação e análise da gestão familiar adotou-se a metodologia de Prencipe et al. (2011), que investigaram a participação das famílias na diretoria executiva e no conselho de administração. O gerenciamento de resultados foi analisado por meio dos accruals discricionários baseados no modelo Jones Modificado (DECHOW; SLOAN; SWEENEY, 1995). Constatou-se que em todos os anos o percentual de empresas com estrutura de propriedade familiar foi superior ao percentual de empresas com estrutura não familiar. O número de companhias que possuíam gestão familiar também era significativo, principalmente quando comparado com o resultado encontrado em pesquisas anteriores. Quanto ao gerenciamento, identificaram-se baixos volumes de accruals discricionários na maioria dos anos. Por fim, a investigação sinalizou três fatores principais que influenciaram o menor gerenciamento de resultados: a estrutura de propriedade familiar; a combinação entre estrutura de propriedade familiar e o diretor presidente familiar; e, a combinação entre a estrutura de propriedade familiar e o presidente do conselho de administração familiar. Estes resultados fornecem evidências adicionais para a literatura existente sobre os fatores que influenciam no gerenciamento, especificamente a partir da abordagem de companhias familiares e não familiares.
Citação ABNT:
MOURA, G. D.; BIANCHET, T. D. A.; MAZZIONI, S.; MACÊDO, F. F. R. R. Influência da Estrutura de Propriedade e da Gestão Familiar no Gerenciamento de Resultados. Enfoque Reflexão Contábil, v. 37, n. 2, p. 107-126, 2018.
Citação APA:
Moura, G. D., Bianchet, T. D. A., Mazzioni, S., & Macêdo, F. F. R. R. (2018). Influência da Estrutura de Propriedade e da Gestão Familiar no Gerenciamento de Resultados. Enfoque Reflexão Contábil, 37(2), 107-126.
DOI:
10.4025/enfoque.v37i2.37824
Link Permanente:
http://www.spell.org.br/documentos/ver/49802/influencia-da-estrutura-de-propriedade-e-da-gestao-familiar-no-gerenciamento-de-resultados/i/pt-br
Tipo de documento:
Artigo
Idioma:
Português
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