49398

Josimar Pires da Silva
Rodrigo de Souza Gonçalves
Mariana Pereira Bonfim
Jorge Katsumi Niyama

Contabilidade Vista & Revista

A presente pesquisa teve por objetivo analisar a relação entre qualidade do lucro versus governança corporativa das empresas do setor utilidade pública listadas na Brasil, Bolsa, Balcão (B3). Utilizou-se o banco de dados da Economática® e da B3 e, na amostra, participaram 63 empresas do setor de utilidade pública, por um período de cinco anos, i.e., 2010 a 2014. A persistência dos lucros foi utilizada como proxy da qualidade do lucro e as variáveis dependentes foram: a) Qualidade da auditoria; b) Concentração de propriedade - ON; c) Participação de instituições financeiras no capital votante; d) Participação nos Níveis de Governança Corporativa da B3; e, e) Participação do maior acionista nos fluxos de caixa - PN. Os resultados corroboram as hipóteses da pesquisa, apontando que, quando a empresa é auditada por Big Four, quanto maior for a participação de instituições financeiras em ações ordinárias, quando a empresa participa em algum dos níveis de governança corporativa da B3 e quanto maior for a participação do principal acionista ON nos fluxos de caixa, maior é a qualidade do lucro. Mas, em relação à concentração de propriedade, ocorre o contrário, quanto maior a concentração de propriedade do principal acionista, pior a qualidade do lucro.

Governança Corporativa, Persistência do Lucro, Qualidade do Lucro

SILVA, J. P.; GONÇALVES, R. S.; BONFIM, M. P.; NIYAMA, J. K. Qualidade do Lucro Versus Governança Corporativa: Uma Análise das Companhias de Utilidade Pública Listadas na B3 . Contabilidade Vista & Revista, v. 29, n. 1, p. 48-76, 2018.

Silva, J. P., Gonçalves, R. S., Bonfim, M. P., & Niyama, J. K. (2018). Qualidade do Lucro Versus Governança Corporativa: Uma Análise das Companhias de Utilidade Pública Listadas na B3 . Contabilidade Vista & Revista, 29(1), 48-76.

https://www.spell.org.br/documentos/ver/49398/qualidade-do-lucro-versus-governanca-corporativa--uma-analise-das-companhias-de-utilidade-publica-listadas-na-b3-/i/pt-br

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