Características dos CEOS brasileiros e gerenciamento de resultados

• Ano de defesa: 2022
• Autor(a) principal: Silva, Annandy Raquel Pereira da
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Federal do Rio Grande do Norte; Brasil; UFRN; PROGRAMA DE PÓS-GRADUAÇÃO EM CIÊNCIAS CONTÁBEIS
• Palavras-chave em Português: Chief Executive Officer (CEO); Gerenciamento de resultados; Teoria do alto escalão; Teoria da agência; Teoria das escolhas contábeis; CNPQ::CIENCIAS SOCIAIS APLICADAS
• Link de acesso: https://repositorio.ufrn.br/handle/123456789/50007

This research, supported by Agency Theory, Senior Theory and Accounting Choices Theory, aimed to investigate the relationship between the specific characteristics and skills of Brazilian CEOs (Chief Executive Officer) and Earnings Management (GR). For that, the time lapse from 2016 to 2019 was used, comprising the non-financial companies listed in Brasil, Bolsa, Balcão (B3). The characteristics studied were Remuneration, Duality, Age, Gender, Education, Term of Office, Participation in Board of Directors (CA) Meetings and CEO Familiarity. The information regarding the data of the CEOs was collected in the Reference Form (FR) available on the B3 website, and the others in the Economática® database. The EM was measured by discretionary accruals, using the model of Pae (2005), thus, a sample of 194 companies was used and a regression was performed using the Pooled model. Regarding the descriptive statistics, it was found that the average remuneration of the Brazilian CEO is R$3,248,286, they have an average of 53 years and a term of office of around two years. Brazilian companies had an average size of 14.61, average ROIC (Return on Invested Capital) of 4.36, average leverage of 0.99 and average age of 48 years. For the dummy variables, it was found that 45.92% of Brazilian CEOs hold the role of director and chairman of the board, 97.89% are male, only 29.34% of CEOs participate in Board meetings and 26.44 % have family ties with the company. For the BigFour and Corporate Governance (GC) variables, 73.42% of Brazilian companies are audited by BigFour and 58.55% are included in one of the different GC levels. Regarding the training area of CEOs, the business area (Administration, Accounting Sciences or Economics) represented only 33.28% of the training of CEOs. As for the results of the econometric model, it was found that significant results were found for three variables: Duality (DUAL), Age (IDA) and Participation in CA meetings (REU), confirming hypotheses H2, H3 and H7, however, the variables Remuneration (REM), Gender (GEN), Training Area (FORM), Term of Office (MAND) and Family CEO (FAM) were not statistically significant, leading to the rejection of hypotheses H1, H4, H5, H6 and H8. In this way, it is concluded that the only variables that impact EM in the Brazilian companies studied is the CEO having dual positions, being older and participating in the Board of Directors' meetings, in line with what the Senior Theory defends, that all other specific traits and abilities influence GR.