Título Inglês:
Effects of company life cycle on matching and accrual quality
Resumo:
Este artigo analisa os efeitos dos estágios do ciclo de vida na qualidade da confrontação das receitas com as despesas (matching) e dos accruals das companhias abertas brasileiras e como o matching afeta a qualidade dos accruals. São incipientes os estudos sobre os efeitos dos estágios do ciclo de vida das empresas sobre o matching entre receitas e despesas. Além disso, não existe estudo anterior integrando os dois modelos conceituais e empíricos em uma perspectiva integrada. O estudo apresenta evidências de que o ciclo de vida das empresas é um fator relevante nas análises de associação entre receitas e despesas e de accruals com fluxos de caixa operacional. Essa associação, se bem realizada pelas empresas, pode beneficiar investidores, analistas e credores. As evidências sugerem que empresas com mais recursos disponíveis por conta do ciclo de vida, por exemplo, maturidade, apresenta melhor qualidade do matching, por consequência também apresentam uma qualidade superior dos accruals. Isso permite compreender melhor o desempenho das empresas e as entradas e saídas de caixa. A pesquisa é descritiva, quantitativa,sendo que os efeitos dos estágios do ciclo de vida no matching e na qualidade dos accruals foram verificados por regressões lineares múltiplas por mínimos quadrados ordinários, controlando por efeitos fixos de setor e de ano. A pesquisa foi realizada em uma amostra de 399 companhias abertas listadas na B3 no período de 2010 a 2021 utilizando os modelos de Dechow e Dichev (2002) e Dichev e Tang (2008). Os resultados indicam que os ciclos de vida afetam diferentemente a confrontação das receitas com as despesas (matching) e a qualidade dos accruals no ambiente brasileiro. Além disso, apresenta-se evidência que expande a literatura ao identificar que empresas com melhor qualidade do matching estão associadas a melhor qualidade dos accruals.
Resumo Inglês:
This study examines the effects of life cycle stages on the quality of revenue-expense matching and accruals of Brazilian public listed companies, and how matching affects accrual quality. Studies on the effects of firm life cycle stages on revenue-expense matching are still incipient. Furthermore, there is no prior study interconnecting the two conceptual and empirical models in a joint perspective. The study brings evidence that firm life cycle is a relevant factor in the analysis of the association between revenues and expenses and accruals with operating cash flows. This association, if properly carried out by firms, can benefit investors, analysts, and creditors. Evidence suggests that firms with more resources available due to their life cycle, such as maturity, have a better matching quality and, consequently, also have higher accrual quality. This allows for a better understanding of firm performance and cash inflows and outflows. This study is descriptive and quantitative, and the effects of life cycle stages on matching and accrual quality were verified by multiple linear regressions using ordinary least squares, controlling for industry and year fixed effects. Our sample consists of 399 public companies listed on the B3 between 2010 and 2021 using the models of Dechow and Dichev (2002) and Dichev and Tang (2008). The results show that life cycles affect revenue-expense matching and accrual quality differently in the Brazilian environment. Also, our findings expand prior literature by identifying that firms with better matching quality are associated with better accrual quality.
Citação ABNT:
BANDEIRA, A. M.; ALMEIDA, J. E. F. Efeitos do ciclo de vida das empresas no matching e na qualidade dos accruals. Revista Contabilidade & Finanças, v. 35, n. 96, p. 0-0, 2024.
Citação APA:
Bandeira, A. M., & Almeida, J. E. F. (2024). Efeitos do ciclo de vida das empresas no matching e na qualidade dos accruals. Revista Contabilidade & Finanças, 35(96), 0-0.
Link Permanente:
https://www.spell.org.br/documentos/ver/78465/efeitos-do-ciclo-de-vida-das-empresas-no-matching-e-na-qualidade-dos-accruals/i/pt-br
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